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Online Gambling Player Rush Street Wins Support of Blank Check Firm To Go Public

PYMNTS

Chalk up another major deal for blank check companies, one of Wall Street’s hottest new trends, with online gambling and sports betting company Rush Street Interactive ’s announcement that it will be going public. RSI is projecting $321 million in revenue for its fiscal 2021.

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Caesars Puts Stake In Online Betting Co DraftKings

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Caesars Entertainment announced that it has reached an agreement to offer DraftKings , the leading sports-tech entertainment brand in the country, providing market access for its online gaming products. In New Jersey and Mississippi, DraftKings Sportsbook mobile and retail allows players to bet for major U.S.

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Deliverr Raises $7.1M In Venture Funding Led By 8VC

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According to reports citing the company, the Series A round of venture funding was led by 8VC, the venture capital company. Deliverr has ten warehouses in states including Texas, Missouri, Pennsylvania, Ohio, and New Jersey. million in a round of venture funding. Deliverr doesn’t own the warehouses, noted the report.

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OnDeck’s ODX Digitizes Investors Bank SMB Lending Platform

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New Jersey-based financial institution Investors Bank has announced a collaboration with online small business lending firm OnDeck to digitize its own small to medium-sized business (SMB) lending operations. The companies announced their collaboration in a press release Monday (Oct.

Lending 101
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New RadioShack Owner Looks To Turn 'Fallen Angels' Into eCommerce Stars

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Re-Inventing for Online. One thing that has been undeniable about life amid the coronavirus is that it’s fueled a surge in online shopping, delivery and other curbside modalities that can replace or minimize the need to go into a store. In the meantime, other former retail icons have yet to make it back to the mainstream.

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‘Costco For Millennials’ Attracts Big Investors

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With warehouses in New Jersey, Dallas, Las Vegas and Atlanta, Boxed offers bulk-sized products similar to those found at big warehouse retailers like Costco Wholesale. The investment was led by GGV Capital and Digital Sky Technologies, with participation from Founders Fund, AME Cloud Ventures and Vaizra Investments.

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Widening Borrower Protection’s Scope To SMBs

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Borrower protection initiatives have taken aim at predatory lenders, both online and brick-and-mortar, with legislators at the state and federal levels addressing concerns that include a lack of transparency and sky-high fees and interest rates. small businesses had sought a loan online, compared to just 19 percent that did so in 2017.

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