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Banking startup Level enters the high-yield savings race

Bank Innovation

Level, a digital banking startup based in San Francisco Calif., is trying to hook customers with a 2.1% The company, which launched its products nationally Wednesday, is coming into the market as fintech startups like Wealthfront, Betterment and Varo are touting high-yield savings accounts to vie for market share.

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Aura is using grocery stores to market installment loans to the underbanked

Bank Innovation

For Aura, an online lending platform for low-income families, reaching underbanked borrowers means going beyond the bank setting and working with retailers to reach customers who may be overlooked by traditional lenders. In addition to […].

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DraftKings To Merge, IPO At A $3.3B Market Value

PYMNTS

The company currently has offices in New York, New Jersey, San Francisco and Las Vegas. The combination of DraftKings’ leading and trusted brand, deep focus on customer experience and data science expertise and SBTech’s highly innovative and proven technology platform creates a vertically-integrated powerhouse,” Robins said. “I

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Farfetch Raises $250M To Grow Luxury Fashion Platform

PYMNTS

Tencent is a global technology company based in Shenzhen, China, and Dragoneer is an investment firm based in San Francisco. Farfetch will use the capital to continue growing and expanding into new markets, particularly China. Tencent is helping the company reach the market through its WeChat platform. “We

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Wine.com Uncorks A Vintage Year

PYMNTS

This year, they expect more customer experience improvements, a boost from the Golden State and an effort to keep a new generation of wine connoisseurs engaged. For 2020, the company will aim to attract customers in three new ways: a wine-of-the-month club, more events at wineries and an increase of paid social media.

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Robinhood Closes On $200M In Funding, Valuation Now $11B

PYMNTS

Robinhood Markets Inc., the two-year-old New York-based global investment firm that deploys capital in public and private markets. For seven years, the team at Robinhood has been focused on enabling more access to the markets for more people,” the company said in a statement. The investor is D1 Capital Partners L.P.,

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Fabletics Announces Brick-and-Mortar Expansion

PYMNTS

With the brand’s proprietary digital platform and 1 million-member base in place, Fabletics said it uses deep customer insights and enhanced market data to determine the most strategic locations for its retail locations. Less is more,” Dustin Netral, SVP of operations for Fabletics, said in a press release.

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