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Axos Bank Expands Commercial Presence In NYC, LA

PYMNTS

Axos Bank parent company Axos Financial has rolled out out commercial banking operations across new markets in the U.S., “The nation’s two largest metropolitan areas are home to a majority of our commercial lending and banking clients,” said Greg Garrabrants, president and CEO of Axos, in a statement.

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Amid Ride-Hailing Firms’ Bid For Black Ink And IPOs, Driver Strikes?

PYMNTS

In fact, as noted in CNBC, the company has been telling investors it will eventually realize EBITDA margins of at least 20 percent (we at PYMNTS jump in here to define EBITDA as a rough measure of operating cash flow). Another way to enhance margins is to cut operating costs. There are, of course, several ways to turn a profit.

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Postmates Raises $300M In Venture Funding; Gives Tiger Global Management Seat On Board

PYMNTS

In a press release , Postmates said the funding round was led by Tiger Global Management, and comes on the back of a record year of growth, market expansion and adoption of a subscription service. The model has grown by 300 percent year over year, with one in two orders on the platform placed via Unlimited, across multiple markets.

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Logistics Startup Darkstore Scores $1.4M Seed

PYMNTS

On the delivery end, Darkstore has partnered with a spread of startups and local and national courier and major shipping companies to then ship out same-day. Darkstore already operates in San Francisco, Phoenix and New York City. Darkstore has grown its order volume 120 percent month-over-month, founder Lee Hnetinka told TechCrunch.

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How Cargomatic Leverages Geocoding To Meet Pandemic-Driven Supply Chain Challenges

PYMNTS

Los Angeles-based logistics online marketplace Cargomatic is one firm that saw supply chain conversion accelerate immediately with the pandemic-induced surge in online sales. The nation was never truly in danger of running out, yet it took time for manufacturers to reconfigure their supply chains for the increased demand.

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Retailers Face Shipping Crisis With Holiday Season Around The Corner

PYMNTS

As the run-up to retail’s big season is getting ready to get underway, the nation’s retailers have a big, big problem at the ports. Since its filing, terminal operators, ports, cargo handlers, truckers and others have refused to handle its cargo because, at present, there is no guarantee they are getting paid for doing so.

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Happy Returns: In-Person Returns For eTail

PYMNTS

Happy Returns currently has seven Return Bars operating in five major cities — Los Angeles, San Francisco, Chicago, Washington, D.C., In 2017, Sobie said Happy Returns is working to grow the national footprint of its Return Bars. Happy Returns will also be growing in its existing markets. and Houston.