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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. . billion in 2020.

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. The report noted that Uber drivers are earning the most tips in Salt Lake City, Utah; San Antonio, Texas; Kansas City, MO; New Orleans, LA; and Nashville, TN.

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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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Fintech Fundings: 12 Companies Raise $240 million Week Ending June 25

Fintech Labs Insights

Payments risk & compliance management. Canopy Tax (formerly Beanstalk). Tax & accounting practice management. HQ: Salt Lake City, Utah. Online investment manager. Tags: Investing, wealth management, stocks, trading, equities. HQ: Palo Alto, California. Latest round: $12 million. Givesurance.

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Airbnb Hosts Feel COVID-19 Impact With Policy Change

PYMNTS

Hosts in states such as Florida, California, and Utah have told the outlet they have lost thousands of dollars in bookings. . On Tuesday, Airbnb mailed House leaders a letter asking them to ratify legislation that could aid the network of hosts from the company via loans or tax relief. .

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Killing The I-Bank: The Disruption Of Investment Banking

CB Insights

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. The disruption of asset management. Task management platform Asana went public via DPO in September 2020.