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GPS Capital Markets For Sale, Sources Say

PYMNTS

Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. As of last year, the company employed 63 people, reports said, citing Utah Business data. As of last year, the company employed 63 people, reports said, citing Utah Business data.

Capital 108
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Subscription Business Models Lead B2B VC Funding

PYMNTS

Venture capital appears to be picking back up in the B2B technology startup community. This week saw an impressive $324 million in combined funding for a range of B2B FinTechs and other solution providers, including alternative lenders looking to support small businesses as they manage working capital instability. eFileCabinet.

San Jose 226
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Square Tries To Create A Bank, Again

PYMNTS

Square said it’s going to resubmit the necessary paperwork with state and federal regulators to start a bank in Utah, which could happen as soon as Wednesday (Dec. The bank will be led by Lewis Goodwin, a former executive at Green Dot, and capitalized with $56 million from Square. There won’t be any actual brick-and-mortar branches.

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Nikola Motor CEO Defends $4M In PPP Funds

PYMNTS

Thanks to the merger, Nikola will receive more than $500 million from investors including Fidelity and ValueAct Capital, the report said. CNBC reported the forgivable government loan comes months after the 38-year-old billionaire bought a 2,600-acre ranch in Utah for $32.5 The deal has not closed.

Utah 156
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Utah’s new regulatory sandbox

CFPB Monitor

Utah Governor Gary Herbert signed H.B. The sponsor of Utah’s legislation, Rep. ” Utah’s regulatory sandbox, which is effective as of May 13, is similar in many respects to Arizona’s sandbox, which began accepting applications in August 2018 and now has six participants. 378 , Regulatory Sandbox, into law on March 25, 2019.

Utah 60
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This Fifth Wall-Backed Company Raised $80M For Its Distressed Real Estate Marketplace

CB Insights

The round drew participation from Fifth Wall Ventures, General Global Capital, QED Investors, Crossover VC, and Founders Fund, among others. It currently operates in 14 markets across the states of Florida, Colorado, Georgia, Texas, and Utah, catering to almost 2,600 qualified off-market buyers. Want the full post?

Company 69
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Surprise Outcomes Edition: Cybercrime, Student Loans And CAN Capital

PYMNTS

But the world is full of unexpected costs — just ask the team at CAN Capital. CAN Capital, the small business online lender, has announced that its CEO is on a leave of absence. Ritesh Gupta, previously the chief customer operations officer, was promoted to chief operating officer.

Capital 100