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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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Amazon Plans Whole Foods Expansions In Closed Sears Stores

PYMNTS

For example, Whole Foods managers went to a site in Utah that used to be a Kmart. Right now, Whole Foods has about 470 stores around the nation – which isn’t much considering the proliferation of Walmart and Kroger stores, but it now has the capital to expand into previously unreachable areas, like Montana.

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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. Securities and Exchange Commission filings showed Nikola received the PPP funds from JPMorgan Chase. The startup, founded in 2014, merged in March with VectoIQ Acquisition Corp. ,

Utah 156
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Surprise Outcomes Edition: Cybercrime, Student Loans And CAN Capital

PYMNTS

Brian Krebs of Krebs on Security reported that the hacker believed to be behind the attack on the SFMTA was himself hacked over the weekend by an anonymous security researcher. But the world is full of unexpected costs — just ask the team at CAN Capital. So, good news for borrowers — unexpectedly expensive news for taxpayers.

Capital 100
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Podium Lands $125M To Expand Contactless Payments Over Messaging

PYMNTS

Other investors included Sapphire Ventures, Alkeon Capital, Recruit Co., Headquartered in Lehi, Utah, the company offers a variety of messaging solutions that help local companies connect with their neighborhood customers. IVP, Accel, Summit Partners and GV. Podium has raised $92.6

Payments 166
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I Can’t Connect to E-Tran – What Now?

Abrigo

However, many of these borrowers were unable to immediately secure a loan. The SBA Utah District Office , for example, has established a Rapid Response Team with the Governor’s Economic Recovery Task Force to handle the requests. As a “first-come, first-serve” program, small businesses scrambled to get in line.

Lending 320
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Funding Lands T&E Firm TripActions $4B Valuation

PYMNTS

Corporate travel and expense (T&E) management solutions provider TripActions led this week’s B2B venture capital roundup with its announcement of new funding that propelled its valuation to $4 billion. Lulalend lends directly to SMBs that can apply online, with an automated approval process accelerating access to capital.

Capital 108