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Policygenius Notches $100M For InsurTech Growth

PYMNTS

as well as venture capital operations powered by Massachusetts Mutual Life Insurance Co., CEO Jennifer Fitzgerald said the firm isn’t focused on an exit path through a sale or stock market offering, but has its eye on growth. They will also help the company scale its data science, engineering and marketing efforts.

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Uber’s Developed Markets Turning Profits

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Uber has turned profitable in all of its developed markets. The company’s operations in North America, Australia, Europe, the Middle East and Africa are now returning profits, Financial Times reported. “We its most profitable market. We are number two in China, which means that we still have a ways to go,” Kalanick said.

Marketing 100
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8 Connected-Economy Firms Expected To Light Up The IPO Market In 2021

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Many enjoyed huge first-day price pops, heating up the IPO market even more — and 2021 seems poised to only continue the fireworks. Popular stock-trading app Robinhood Markets reportedly recently hired Goldman Sachs to lead a possible 2021 IPO that would value the company at more than $20 billion. Then shares soared 85.8

Marketing 198
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Kabbage Lands Credit Suisse Credit Facility

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The new, DBRS-rated facility, provided by Credit Suisse, speaks to Kabbage’s maturity in the financial markets and gives us diverse funding options to serve our small business customers,” Kabbage Head of Capital Markets, Deepesh Jain, said in a statement. “To

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How Spend Tools Feed Food Banks’ Need For Accountability

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Recent data indicated that 82 percent of SMBs shutter in their first year because of poor cash management operations. As SMBs seek opportunities to expand their operations, and reach new customers and markets, they will need the right spend and workforce tools to ensure funds are spent appropriately. billion in value by 2025.

Tools 141
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Cash-Strapped Entrepreneurs Squeezed Out Of Marijuana Business

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Tight regulations around the legal marijuana industry are barring non-wealthy entrepreneurs from entering the market, according to reports from Forbes on Wednesday (June 13). Wall Street executives are behind Columbia Care, for instance, while Captor Capital and resource entrepreneur John Zorbas have backed MedMen.

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New England Confectionery Co. Sells For $18.8M At Auction

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bankruptcy court, Massachusetts’ New England Confectionery Co. Spangler was among two other bidders: Round Hill Capital LLC and Gordon Brothers. Necco had moved its operations to a large 50-acre site after leaving its longtime plant just outside Boston in 2003. Following an auction in a U.S. Necco) has founded a buyer.

Boston 100