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GPS Capital Markets For Sale, Sources Say

PYMNTS

Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. As of last year, the company employed 63 people, reports said, citing Utah Business data. As of last year, the company employed 63 people, reports said, citing Utah Business data.

Capital 108
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Subscription Business Models Lead B2B VC Funding

PYMNTS

Venture capital appears to be picking back up in the B2B technology startup community. This week saw an impressive $324 million in combined funding for a range of B2B FinTechs and other solution providers, including alternative lenders looking to support small businesses as they manage working capital instability. FundingXchange.

San Jose 226
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Amazon Plans Whole Foods Expansions In Closed Sears Stores

PYMNTS

For example, Whole Foods managers went to a site in Utah that used to be a Kmart. Right now, Whole Foods has about 470 stores around the nation – which isn’t much considering the proliferation of Walmart and Kroger stores, but it now has the capital to expand into previously unreachable areas, like Montana.

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Corporate Cards Flex Their Rewards Muscles To Support Business Growth

PYMNTS

With businesses large and small increasingly turning their attention toward recovery efforts, the commercial credit card market is exploring ways to help their corporate card holders. Divvy, based in Utah, offers businesses an integrated spend management platform connected with a corporate card offering.

Cards 257
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This Fifth Wall-Backed Company Raised $80M For Its Distressed Real Estate Marketplace

CB Insights

The round drew participation from Fifth Wall Ventures, General Global Capital, QED Investors, Crossover VC, and Founders Fund, among others. It currently operates in 14 markets across the states of Florida, Colorado, Georgia, Texas, and Utah, catering to almost 2,600 qualified off-market buyers. Want the full post?

Company 69
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Podium Lands $125M To Expand Contactless Payments Over Messaging

PYMNTS

Other investors included Sapphire Ventures, Alkeon Capital, Recruit Co., Headquartered in Lehi, Utah, the company offers a variety of messaging solutions that help local companies connect with their neighborhood customers. . IVP, Accel, Summit Partners and GV. Podium has raised $92.6

Payments 166
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Non-farm Payrolls Rose By 312,000 In December

PYMNTS

Even amid declines in the financial markets, employers in the United States brought more jobs into the economy in December at the quickest cadence in months. That decrease brings the unemployment rate to its lowest point in 18 years, it was reported in June, and the change indicated a tightening labor market.