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Facebook Negotiates Sandberg DC Hearing Testimony

PYMNTS

With questions surrounding Facebook ’s market power and its plans for the Libra digital currency, the social media company is reportedly negotiating with an important congressional committee for COO Sheryl Sandberg to testify as early as October.

DC 109
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Penske Announces Launch Of Carsharing Unit

PYMNTS

Transportation company Penske Corporation announced that it is rolling out its new carsharing service in Washington, DC and Arlington, VA, this week. Penske has also secured reserved parking options at Colonial Parking garages in Washington, DC.

Arlington 100
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Retail Pulse: Framebridge Opens DC Store; Starbucks Hits 30,000-Location Milestone

PYMNTS

Online brands are stepping into the world of brick-and-mortar, opening their own physical locations to help consumers experience their concepts in real life with the help of digital technology. and Bethesda, Maryland, that will work to mirror the company’s online experience. In other brick-and-mortar news. Starbucks Coffee.

DC 109
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China's Financial Industry Firms Redo Plans, Funding In Wake Of More Oversight

PYMNTS

Jack Ma 's Ant Group , once on the cusp of being the future of finance in the country, had its double initial public offering (IPO) shot down by the government earlier this year, and the government is now clamping down on the efforts of other big companies trying to do the same things.

Industry 152
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Data Enablers: Valen Makes Insurance Human Again

PYMNTS

Small businesses can benefit big if they’re insured by a company that partners with Valen. Like FinTech, InsurTech debuts in an industry that has historically been very slow to adopt new technologies. Despite its use of AI, Valen is a very human company that names having a “positive effect on the good of man” among its priorities.

DC 101
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Acting Comptroller discusses crypto risks, including use of bank-like terminology

CFPB Monitor

In remarks at the DC Fintech Week conference on October 11, 2022 and in a keynote address later the same day at a roundtable conducted by the Harvard Law School Program on International Financial Systems, Acting Comptroller of the Currency Michael J. Hsu pointed to “crypto savings accounts” offered by crypto companies on their platforms.

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50 Future Unicorns

CB Insights

In collaboration with the New York Times, we put together a list of 50 future unicorns (companies that we think will eventually be valued at $1B or more). Get an excel file with the entire Future Unicorns list including each company’s total funding, industry and more. The median company on our list has $111.4M Pharmacies.