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Rent-A-Center Acquires Acima For Virtual Lease-To-Own Platform

PYMNTS

Founded in 2013 in Salt Lake City, Utah, Acima operates in over 15,000 retail partner locations and eCommerce platforms. About $225 million in adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) is expected for 2020. . The transaction is expected to close in the first half of 2021. .

Utah 263
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GPS Capital Markets For Sale, Sources Say

PYMNTS

As of last year, the company employed 63 people, reports said, citing Utah Business data. GPS Capital Markets, founded by Al Manbeian and Ryan Gibbon, posts between $20 million and $30 million earnings before interest, taxes, depreciation and amortization (EBITDA), one source told the publication. corporates lost a combined $23.39

Capital 108
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Uber Facilitated More Than $600M In Tips For Drivers

PYMNTS

In May, it launched mid-trip ratings and tips, and that has driven a 30 percent increase in tipping, said Uber Product Manager Dhruv Tyagi. Lyft , noted the report, is operating in fewer markets than Uber — Lyft is in the U.S. and Canada while Uber has operations around the world.

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Surprise Outcomes Edition: Cybercrime, Student Loans And CAN Capital

PYMNTS

The experts estimate that the United States government spent millions trying to enforce it and deprived the states of billions in tax revenue — all without managing to make any significant change in American alcohol consumption. server products, including Primavera project portfolio management software.”.

Capital 100
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

Stripe Connect and billing services help companies manage marketplaces, subscriptions. Sigma aims to streamline business operations. Payments companies assumed risk for losses associated with chargebacks, fraud, KYC, or AML, while also providing support, dispute management, and reporting. Supporting merchant partner growth.

Online 98
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Killing The I-Bank: The Disruption Of Investment Banking

CB Insights

While the rules against prop trading have more recently been loosened, the restriction has still changed how investment banks operate. In the world of asset management, the biggest players are now dedicated firms like Vanguard. Total assets under management (AUM) at the top asset managers now dwarfs total AUM at the top banks.

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2021 GonzoBanker Awards

Gonzobanker

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Congrats to Randy and a great management team. The Gonzo Inn in Moab, Utah! Acronym of the Year. Has to be M-O-E. Performance and multiples continue to be solid, outperforming most regional banks.

Fintech 147