Remove Capital Remove Metro Remove Online Remove Retail
article thumbnail

Metro Bank Plunges on Misclassified Assets, Capital Concern

Bank Innovation

Metro Bank Plc fell the most since going public after applying an incorrectly low-risk weighting to parts of its loan book, with the British lender’s chief saying he doesn’t know how long the mortgages in question had been wrongly classified. The shares plunged as much as 34 percent Wednesday and the bank’s bonds also fell […].

Metro 170
article thumbnail

Online B2B Marketplaces See New Funding Rounds 

PYMNTS

million in venture capital. As reported by The Business Times , in Singapore, Tin Men Capital, a venture capital firm focused on B2B tech startups, led a $5 million Series A funding round to invest in RateIt. The company has expanded from Australia to southeast Asia and clients include Lego, Metro, Pandora and others.

Online 179
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Car Talk: Shift Announces Plans To Go Public

PYMNTS

revved a little higher Monday (June 29) as online car sales platform Shift announced it will go public in the third quarter via a complicated reverse merger arrangement. Arison said the move was about adding capital to scale the company. Securing that capital is even more complicated than the IAC merger.

article thumbnail

Black Friday Heads Toward Shades Of Gray

PYMNTS

By the time retailers get to Black Friday , they will have worked through almost two months of sales events – both proprietary and otherwise – from competitors ranging from Amazon to Target to Walmart. COVID-19 shows no signs of abating – in fact, fears of a second wave have already hit New York City, among other metro areas.

article thumbnail

Retail Pulse: Walmart Tests ‘Great Workplace,’ Sainsbury’s Opens Cashierless Store

PYMNTS

Brick-and-mortar retailers are changing the way they manage their workforces in the age of Amazon: Walmart , for instance, is testing multiple versions of a new team structure called the “Great Workplace” in some of its locations. At the same time, it was reported that Walmart plans to employ $11 billion in capital expenditures this year.

Retail 100
article thumbnail

Grocery Delivery Alabama Startup Shipt Takes On Instacart, AmazonFresh And Google

PYMNTS

David is taking on Goliath as Shipt, an online grocery delivery startup based in Birmingham, Ala., Shipt has raised $40 million in venture capital on top of last year’s funding as initial investors doubled down on their contributions. The Alabama startup eliminates grocery store trips for 20 million families in 47 metro areas.

Alabama 100
article thumbnail

Goop Inc Taps Into Booming Wellness Market

PYMNTS

Goop has also notched over $82 million from outside investors and venture capital funds and reportedly has a value of more than $250 million. Kreuzberger told Glossy in October that 12 percent of the company’s online sales come from the New York metro area (more than Los Angeles and San Francisco).