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Vroom Shifts IPO Into High Gear; Looks To Raise $468M

PYMNTS

One of the sources in the report said that the company’s shares are forecasted to commence trading on the Nasdaq Global Select Market under the VRM ticker symbol on Tuesday (June 9). Securities and Exchange Commission filings cited by the report. The firm has been promoting 18.75

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VCs Back Autobooks For SMB Banking

PYMNTS

Reports Monday (March 13) said Autobooks secured $5.5 The new funding also saw participation from CU Solutions Group, Baird Capital, Detroit Venture Partners and Invest Michigan, the company said, adding that the round follows its self-funded $2 million in seed financing. “We million in Series A financing led by Draper Triangle.

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Stepping Into 21st Century Hospitality With Apartments And Technology

PYMNTS

Some entrepreneurs are inspired to start companies because they spot unmet needs in the market: Frontdesk Co-Founder and Chief Growth Officer Jesse DePinto, for instance, saw the amateur nature of home shares but the opportunity for something better than a hotel. The Market.

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Philadelphia Mall Owner Takes Care Of Its Own

PYMNTS

The experience of the mall CMBS [commercial mortgage-backed security] from Starwood is certainly symptomatic of the larger narrative,” said Christopher Sullivan, chief investment officer of United Nations Federal Credit Union, as reported in Yahoo! But apparently they’re doing something right in Philadelphia.

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Second Largest US Mall Owner Defaults On Loan Payment

PYMNTS

One such case is that of the Detroit-based Lakeside Mall that has defaulted on a $144 million loan payment. The property is operated by the second largest U.S. To make matters worse, it’s increasingly getting difficult to seek commercial-mortgage backed securities that could finance such malls, Bloomberg reported.

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How mPOS Helps Vendors Keep On (Food) Truckin’

PYMNTS

Food truck operators are increasingly investing in mPOS systems to serve these hungry and hurried diners, opting for offerings that accept a wide range of payment methods at a moment’s notice. Two years ago, he bought and renovated a food truck to help market his company’s health-minded, vegan fare.

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How Smart Cities Will Vacuum Up Data — And Attempt To Protect It

CB Insights

NACTO has other partnerships, including one with scooter company Lime that allows it to provide anonymized scooter use data to the government of Detroit. All of its data is fine-tuned to operate on NACTO’s SharedStreets data standard. The World Bank partners with top ride-hailing apps in emerging markets .

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