PYMNTS

AUGUST 9, 2019

Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. GPS Capital Markets, founded by Al Manbeian and Ryan Gibbon, posts between $20 million and $30 million earnings before interest, taxes, depreciation and amortization (EBITDA), one source told the publication.

Capital 108

Capital Marketing Utah Taxes 108

FirstInternet

DECEMBER 10, 2019

And it’s likely that, unless you operate or are involved in the financial functions of a business, the term is something of a mystery. Managing working capital on a day-to-day basis is vital for any business. Utilize excess capital efficiently. Businesses with multiple tax IDs. Operations requiring dedicated oversight.

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Capital Taxes Management Operations 79

PYMNTS

OCTOBER 14, 2019

In other news, the Marco Polo Network has announced that it has secured its first Russian-German import-export operations financing project. We expect Marco Polo to ensure seamless collaboration of several sides engaged in international trade operations (banks, suppliers, insurance companies, etc.)

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CB Insights

MARCH 4, 2022

Anrok , a SaaS sales tax solution, has raised $20M in a Series A. The round drew participation from Index Ventures and Sequoia Capital. California-based Anrok unifies sales tax monitoring, calculation, and payments processes across the enterprise financial stack. HOW’S THE COMPANY PERFORMING? Want the full post?

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Taxes San Francisco Software Compliance 59

PYMNTS

JANUARY 7, 2020

In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding. Investors in the venture include TTV Capital, Dragonfly Capital Partners, Collaborative Fund, Winklevoss Capital, Valar Ventures, Global Founders Capital, Table Management, Album VC and more. . ”

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Bitcoin blockchain Taxes Austin 132

Jeff For Banks

NOVEMBER 4, 2022

Source: S&P Capital IQ for Banks-Savings Banks and Credit Unions between $1B-$10B in total assets. Even though they pay no federal corporate income taxes? Retained earnings is their least expensive form of capital. In some cases, their only form of capital. I posed this question while speaking at a recent conference.

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Operations Analysis Capital Community 78

BankUnderground

APRIL 28, 2023

This post investigates whether large and small banks in the UK and US differ in the cyclical patterns of capital positions and credit provision. The reforms aimed to ensure that banks have sufficient capital resources to absorb losses and reduce the cyclical effects of bank capital (and regulation) on the supply of bank credit in stress.

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PYMNTS

DECEMBER 7, 2020

Despite a surge in sales, small businesses selling online can struggle to manage working capital, particularly as many rely on third-party marketplaces like Amazon that don't facilitate instant access to revenues. Digital commerce is a capital-intensive business model, he said, and keeping pace with buyer demand puts a strain on finances.

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Capital Online Tools Lending 356

South State Correspondent

JUNE 30, 2023

The Issue with Relationship Pricing and Profitability The US banking industry has been unable to consistently earn a return on capital equal to its average cost (approximately 11% over the last few decades). Banks can then calculate SVA by subtracting their cost of capital from net operating profit after tax for each client.

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Resources Community Bank Capital Community 195

PYMNTS

DECEMBER 27, 2019

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws. Gov’t Fights States’ Bid To Block Sprint, T-Mobile Merger Saying Move Would Slow 5G.

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Taxes Mobile Management blockchain 101

FluentBanking

JULY 3, 2021

Lenders were able to make a compelling profit through investments in the capital market during the first half of the current year Despite the disruptions caused by the ongoing Covid-19 pandemic, Bangladeshi banks have seen a rise in operating profits within the first six months of this year. There are currently 60 banks in Bangladesh.

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Operations Lending Capital Taxes 52

PYMNTS

FEBRUARY 1, 2021

SPACs generally operate by raising money through an IPO and then entering into a business combination with a company with existing operations, often through a reverse merger. Asia is the next big treasure trove for SPAC candidates,” Joaquin Rodriguez Torres, co-founder of investment fund Princeville Capital, told Bloomberg.

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PYMNTS

MARCH 1, 2016

The decision to pare back operations in Africa — where the company will sell off much of its 62 percent ownership in publicly traded Barclays Africa — represents what The New York Times said was a step back from one of the key pillars of Barclays’ long-term strategy, right in lockstep with credit cards and investment banking.

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Operations Strategy United States Regional 100

PYMNTS

MAY 19, 2020

The purchase comes as Ontario Systems has recently shifted to being backed by private equity money, as it was acquired last year by New Mountain Capital, according to a Government Technology report. SwervePay, meanwhile, offers text payments and automated balance messages on top of its main services for electronic payments.

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System Payments Taxes Software 239

PYMNTS

FEBRUARY 23, 2020

Intuit is known for making online tax filing service TurboTax, which is used by millions of people. Credit Karma offers a number of services including free access to one’s credit score and borrowing history, alerts to potential data breaches, and tax preparation and filing. Intuit is valued at around $77 billion.

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Report Taxes Online Financial Technology 180

CB Insights

NOVEMBER 30, 2021

Fonoa , a provider of automated tax compliance tools, has raised $25M in a Series A round. The round drew participation from Index Ventures, FJ Labs, OMERS Ventures, and Moving Capital, among others. At present, the company offers tax automation services in 100+ countries, and it plans to expand to 140+ countries by the end of 2021.

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Taxes Compliance Tools Company 36

PYMNTS

MAY 23, 2016

One key differentiator between NBF and firms such as Lending Club, said Bohlke, is that the other firms had essentially gathered capital in a crowdfunding manner, with participation by non-accredited investors. Among the biggest sureties to guarantee failure: lack of timely access to capital.

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Capital Lending Online Taxes 103

PYMNTS

DECEMBER 15, 2020

Overall cash consideration for the purchase of the company is $325 million, which is subject to “customary cash/debt and working capital adjustments,” of which $100 million has been deferred and will be paid on different dates over the 12 months to come. Shoe Palace provided a $52 million pre-tax profit in the year ending Dec.

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PYMNTS

NOVEMBER 13, 2020

Singapore-based Osome announced $3 million in new funding this week as an extension of its seed round, with XA Network and AltaIR Capital providing the latest investment, TechCrunch reported. Osome connects small and medium-sized businesses to a digital business assistant app to automate accounting, payroll and tax compliance workflows.

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Capital Cards Fintech Payments 229

PYMNTS

JANUARY 5, 2020

For decades, public sector undertaking (PSU) banks have largely been responsible for handling the working capital loans that many firms need for daily operations. PSUs calculate a borrower’s working capital requirements by looking at the difference between assets and liabilities. Assets don’t help companies to repay loans.

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Lending Capital National Taxes 130

BankUnderground

AUGUST 11, 2022

Examples include tax measures to stimulate firm-level Research & Development and structural reforms to eliminate distortions in labour, financial, and product markets. This means that the majority of firms that will be in operation 20 years from now are yet to founded, while many current firms will no longer exist by then.

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Taxes Policies Exercises Examples 95

PYMNTS

FEBRUARY 26, 2020

The company’s plans were thwarted when it was revealed that it was miscategorizing a number of loans when figuring out capital requirements. The bank had to reconfigure its strategy after fourth-quarter results showed a pre-tax loss of £130.8 The banks beat out better-known organizations like TSB Bank, The Co-operative Bank and CYBG.

Metro 154

Metro Lending Strategy Taxes 154

PYMNTS

DECEMBER 23, 2019

Egypt is readying an electronic invoicing mandate for consumers to pay their taxes, an initiative that reports said will eventually expand to standardize invoicing in government procurement processes. Reports in Zawya on Monday (Dec. Reports in Zawya on Monday (Dec.

Taxes 130

Taxes Conference System Mobile 130

PYMNTS

SEPTEMBER 27, 2019

A summer lull in B2B venture capital appears to have given way to an impressive start to the fall season. BankiFi operates APIs to enable banking clients access to a range of business banking infrastructure to augment their own small business and corporate banking operations. said this week.

Payments 149

Payments Capital Taxes Lending 149

PYMNTS

DECEMBER 20, 2019

Investors at Malachi led the seed round, while Revolution’s Rise of the Rest Seed Fund, DeepWork Capital, LAUNCH Syndicate and others also participated. Sleek offers a B2B service that enables startups and young businesses to incorporate and operate, targeting firms in Singapore and Hong Kong. Tribal Credit. In the U.K.,

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Management Fintech Capital Operations 131

South State Correspondent

MARCH 30, 2022

Banks first need to use a risk-adjusted return on capital model (RAROC) to calculate return on economic capital for each relationship, taking into account all products sold for the expected lifetime value of that customer.

Community Bank 195

Community Bank Resources Community Regional 195

PYMNTS

FEBRUARY 10, 2017

Belgium’s capital city is becoming known for more than just housing major international institutions like EU Parliament, EU Commission and NATO. Its capital city of Brussels, which serves as a home base for various international organizations, is working to also becomes a top contender as a global tech center. environment.

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Capital Regional Innovation Fintech 100

PYMNTS

AUGUST 16, 2019

With more than $200 million in venture capital funding landing with B2B FinTechs this week, investors had their eyes set on a variety of pain points in corporate finance. Kobo360 operates a freight technology platform, connecting truckers with businesses that need shipping services across the region. Lendingkart.

Fintech 179

Fintech Analytics Capital Lending 179

PYMNTS

MARCH 3, 2020

Uber said that it has sold its food delivery operation in India to Zomato , a local competitor, for $206 million, according to TechCrunch. That also encompassed “reimbursement of goods and services tax receivable from Zomato” of $35 million. Venture capital fund Prosus Ventures led round.

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Taxes Operations Resources Capital 159

PYMNTS

JULY 16, 2019

France’s financial regulator is set to approve a wave of cryptocurrency-related firms in the country, subjecting them to new rules that include paying taxes and complying with capital requirements and consumer protections, according to a report by Reuters. France is a precursor.

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Regulation Company cryptocurrency Taxes 143

South State Correspondent

DECEMBER 6, 2022

However, now is the time to analyze and understand how inflation affects CRE net operating income (NOI), DSCR, and free cash flow. Further, our tax system penalizes free cash flow generation when inflation is high because of the nature of fixed asset depreciation. History Lesson.

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Analysis Taxes US Management 195

PYMNTS

OCTOBER 26, 2018

This week, however, venture capital rounds were all about the small- and medium-sized business (SMBs), and how to address their biggest financial management pain points. raised venture capital for their SMB-facing tools, including global payments, accounting and banking. Businesses across Asia, South Africa, the U.K.

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Fintech Capital Tools Management 192

PYMNTS

SEPTEMBER 6, 2019

Challenger bank Yelo, operating in India, raised an undisclosed sum from Matrix Partners India, Omidyar Network, Flourish VC and Better Capital, Inc 42 reports said this week. Also operating in India, supply chain financing FinTech Cashflo revealed $3.3 million funding found for its small business working capital offing.

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Fintech Capital Lending Operations 155

PYMNTS

MAY 29, 2019

Small business lending marketplace BitX Funding has struck an alliance with transportation equipment finance company Pelagic Capital, the companies said in a press release Tuesday (May 28). Pelagic operates as a direct lender as well as a collaborator with dealers to help small businesses obtain non-bank equipment financing.

Capital 128

Capital Lending Taxes Analysis 128

PYMNTS

FEBRUARY 8, 2019

The company recently announced $10 million in venture capital funding, led by GV and Foundation Capital, while Amicus and Pierre Lamond also participated. Participants in the round also included 42K Investimentos, Chromo Invest and Capital Labs, as well as previous backers Yellow Ventures and Osher Tech.

Fintech 188

Fintech Capital New York City Analysis 188

PYMNTS

DECEMBER 5, 2016

The experts estimate that the United States government spent millions trying to enforce it and deprived the states of billions in tax revenue — all without managing to make any significant change in American alcohol consumption. But the world is full of unexpected costs — just ask the team at CAN Capital.

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Capital San Francisco Bitcoin United States 100

PYMNTS

DECEMBER 10, 2019

A new report from Barclays Capital about transportation in New York City says Uber and Lyft can achieve profitability in the future despite their poor initial public offering (IPO) showings this year, according to a report by Bloomberg. . One example is Uber losing its license to operate in London , a decision that is currently under appeal.

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New York City Report New York Study 157