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Amazon CEO Jeff Bezos Invests In Chipper Cash In Latest African FinTech VC Deal

PYMNTS

Chipper CEO Ham Serunjogi confirmed on Twitter the startup, which got its initial foothold in the market as a peer-to-peer (P2P) payments service, has just wrapped up a $30 million Series B round of venture capital. Ribbit Capital, a VC firm in the U.S. that focuses on early-stage firms, led the investment round. Stripe, the U.S.-based

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Russia’s Ozon eCommerce Firm Nets $50M To Grow Logistics

PYMNTS

San Francisco-based Princeville Capital has announced a $50 million investment in Russian online retailer Ozon, which is partly owned by the Russian-based conglomerate Sistema. Ozon , one of Russia’s largest online retailers, has been on a growth spurt over the last few years.

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CRE risk management: Navigating hazards and opportunities

Abrigo

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. Takeaway 3 Loan-level stress testing can help assess repricing risk, while capital stress testing helps clarify the impact of CRE loan losses on capital.

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Bolt Nets $75 Million In Funding Round For eCommerce Innovation

PYMNTS

The round was led by General Atlantic and WestCap , and existing investors Activant Capital and Tribe Capital also participated. Bolt was founded in 2014 in San Francisco and works on tools to streamline web transactions. Data from the IBM U.S. billion, the report says.

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Amazon Said To Have Interest In Buying Russian eCommerce Player Ozon

PYMNTS

are in talks with Sistema , one of the largest publicly traded companies in Russia, to purchase Ozon , the Russian online retailer, Reuters reported. In late March, PYMNTS reported Princeville Capital of San Francisco made a $50 million investment in Ozon. Amazon and SoftBank Corp.

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Square Challenges PayPal With New SMB Payment Tool

PYMNTS

As COVID-19 has forced shutdowns and social distancing, web sales have been on the rise, and many entrepreneurs are moving their business models online. With Square Online Checkout, the San Francisco mobile payment company hopes to capitalize on this shift by offering companies what it claims is an easier way to accept online card payments.

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Postmates Raises $100M As Online Food Delivery Heats Up

PYMNTS

But consolidation looms, according to some observers, and online food delivery services will eventually have to shift more focus away from consumers and toward restaurant operators in order to thrive in a crowded marketplace. Testing was set for early 2019 in the San Francisco area. Postmates Funding. billion valuation.

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