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Marqeta Sees Opportunity in Europe Thanks to $45 Million in Funding

Bank Innovation

Card-issuing platform Marqeta sees a lot of potential in working with challenger banks across Europe, and to fuel this opportunity, the Oakland, Calif.-based Investors in this funding round include VC firm ICONIQ Capital and Goldman Sachs. The new round, announced today, […].

Oakland 223
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AAA’s Gig Car Sharing Service Now Live In Bay Area

PYMNTS

According to a report in TechCrunch , Gig comes out of A3 Ventures, AAA’s venture capital unit with the car sharing service which takes users one way and is now open in Oakland and Berkley. In the future, Gig plans to have parking stalls near the BART stations in Oakland and Berkley.

Oakland 117
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Beneficial State Bank’s financial activism

Independent Banker

Location: Oakland, Calif. billion-asset community bank in Oakland, Calif., Beneficial State Bank was born from a bold idea and a gift of capital from activists and philanthropists Kat Taylor and Tom Steyer. In March 2020, workers at Oakland, Calif.-based Name: Beneficial State Bank. Assets: $1.5 They unionized.

Oakland 153
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Coronavirus Puts B2B Payment Timing In A Tailspin

PYMNTS

With many businesses lacking the capital to pay their outstanding invoices, "cash-strapped companies will have to switch up their collections playbook to survive," he said. million is being sought by one supplier of furniture retailer Loves Furniture & Mattresses , The Oakland Press reported. as part of consolidation efforts.

Payments 175
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Ex-Uber Employees Launch Cloud Kitchen Startup

PYMNTS

The startup, which is located in Oakland, California, aims to facilitate food deliveries for nearby restaurants that receive high volumes of orders from delivery companies like Uber Eats. The company, called Virtual Kitchen Co., The company, called Virtual Kitchen Co., However, the company said it is not worried about a new rival.

Oakland 150
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Workforce Management Platform Zira Notches $3.1M Investment

PYMNTS

The Oakland, California upstart seeks to facilitate food deliveries for nearby eateries that get many orders from delivery firms such as Uber Eats. They are joined by engineering leads from tech firms such as Uber, Facebook, Slack and Thought Spot. At the time, Virtual Kitchen Co.

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Simon?Drops $3.6B Mall Deal, Sues Taubman Centers

PYMNTS

In a complaint filed with the Oakland County Circuit Court in Pontiac, Michigan, Indiana-based Simon Property Group said it is suing Taubman Centers for violating terms of the deal. By midday, Taubman’s stock was down by nearly 22 percent at $35.42 after closing at $45.25 on Tuesday (June 9), according to Yahoo Finance.

Michigan 131