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Uber Freight To Invest $200M To Set Up Shop In Chicago

PYMNTS

Uber Freight has announced that it is investing $200 million to “put down roots” in Chicago. Chicago is consistently at the forefront of innovation, from building America’s foundational transportation systems and its first skyscraper, to fostering world-class universities and research centers.

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Tech Center: Chicago On Deck

PYMNTS

Chicago is more than just the place the Chicago Cubs and Bulls call home. Bubbling under the surface of Chicago lies an up-and-coming tech center. Given that many large cities in the United States have increasingly become places for tech startups, it’s natural to see Chicago as one of the next tech centers.

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BMO’s Digital-First Transformation Unlocks Operational Efficiencies

PYMNTS

These operations are quantifiably more efficient: A recent study found that customers typically spend nine minutes to acquire a check from a bank teller, but only 40 seconds to complete the same task with a self-service kiosk. BMO expanded its footprint to the United States by purchasing Harris Bank of Chicago in 1984.

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Chef’d Halts Operations After Burning Through Cash

PYMNTS

Chef’d , a the meal-kit operator, has halted its business operations after using up all its cash and failing to line up more of it. While it was able to ink deals with large food companies and diet plans, it was tough to run the operation — and thus the cash burn rate. Consequently, please cease all work associated with Chef’d.”

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Building Operations Platform Company Building Engines Is Acquired For $300M By JLL

CB Insights

Building Engines: Boston-based Building Engines’ platform, Prism, brings together the technology and applications required for building management in one place. Jones Lang LaSalle: Chicago-based JLL specializes in real estate and investment management. The deal is expected to close in Q4’21. WHO ARE THE PARTIES TO THE DEAL?

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Ontra, A Contract Management And Automation Services Provider, Raises $200M To Expand Operations

CB Insights

Ontra , a legal technology company, has raised $200M in a Series B. The company maintains offices in San Francisco, Los Angeles, Chicago, New York, Boston, London, Hong Kong, and Singapore. The round drew participation from Blackstone and Battery Ventures, among others. HOW’S THE COMPANY PERFORMING? Want the full post?

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Transport for London Licenses Contactless Payment Technology

PYMNTS

That ease of use in paying for transportation has piqued the interest of other cities around the world that could soon begin using London’s technology under a new deal. The funds from the new deal will be used to invest in new transportation infrastructure and to freeze fares, said Khan.