article thumbnail

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.

Payments 175
article thumbnail

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. “The

Michigan 131
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

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
article thumbnail

National Small Business Week Celebrates the American Entrepreneurial Spirit

Abrigo

Small Business Administration (SBA) will recognize and honor the critical and life altering contributions of America’s moms and pops, manufacturing enterprises, Main Street retailers and entrepreneurs during National Small Business Week. Tune in all week for live-streaming , beginning at 7:30 p.m.

National 150
article thumbnail

Changes Loom Around The (Crowded) World Of Food Delivery

PYMNTS

The startup, located in Oakland, California, aims to facilitate food deliveries for nearby restaurants that receive high volumes of orders from delivery companies like Uber Eats. When it comes to true delivery — not dine-in — the rise of the connected home and voice-assisted retail is encouraging further growth as well.

Oakland 144
article thumbnail

Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

If you add the $6 billion in new capital raised in the IPOs of Worldpay, Square and First Data, the 2015 total is a nice even $25 billion. HQ: Oakland, California. Tipping system for retail point of sale. Social media financial compliance specialist Gremln raised $1.4 Source: Crunchbase. Latest round: $7 million Series.

article thumbnail

Wish They All Could Be California Bots

PYMNTS

And as of last week, the list got a bit longer, as California made a few great leaps toward becoming the autonomous delivery capital of the country, with two big pilots by brand-name firms scheduled for the cities and suburbs. And then there is Oakland-based Boxbot, founded by ex-Uber and Tesla engineers and backed by Toyota AI Ventures.