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Payments firm Marqeta to add 175 jobs to boost global presence

Bank Innovation

The Oakland-based company plans to add 175 jobs this year, bringing its total to 400 employees by 2020, CEO Jason Gardner said on Wednesday. Fresh off a $260 million Series E funding round, card issuing and processing startup Marqeta is building its team as it expands to new geographies. Gardner told Bank Innovation that Marqeta […].

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Beneficial State Bank’s financial activism

Independent Banker

Location: Oakland, Calif. billion-asset community bank in Oakland, Calif., Most organizations … are like, ‘Where is the most profitable market segment?’” What we do is we take that ethos and apply it to all of our decision-making in our product development or marketing. In March 2020, workers at Oakland, Calif.-based

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Can Lime Make Consumers Feel Safer About Scooters And Bikes?

PYMNTS

More importantly, how does one use such a thing — or even a bike — and operate it in an urban environment without falling off, getting hit and suffering injury? Bird , a company focused on e-scooters , provided more than 10 million rides in its first 12 months of operation. It’s hardly an academic concern. Scooter Accident.

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B&M’s Inventory Issues Aren’t Going Away Online

PYMNTS

The company’s latest earnings report indicated that while the traditional vital signs of sales and operating cash flow increased (by 31.8 percent and 44 percent, respectively), the same couldn’t be said for Amazon’s logistics operations. Spending on shipping clocked in at $3.27 billion to the $1.8 percent in the U.S.

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British Grocers Get A Boost From Brexit

PYMNTS

Aldi ousted the Co-operative Group from its position as the country’s fifth-biggest supermarket in January, but the Co-Op still saw sales growth of 2.2 Premium chain and online grocer Waitrose is growing marginally faster than the market average at a rate of 5.3 Gazzali’s Supermarket of East Oakland is one of them.

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The Solar Industry’s Most Active Investors

CB Insights

The most active backers are diverse, from French energy utility company Engie — which operates multiple nuclear energy reactors — to Oakland’s Powerhouse, an incubator with a notable focus on the solar industry. This has naturally led the firm to make many of its investments in emerging markets.

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Changes Loom Around The (Crowded) World Of Food Delivery

PYMNTS

He said there hadn’t been much result from the company’s $100 million in marketing investment over the last year, and that Grubhub’s plans to spend $150 million on “other unproven strategies” won’t help. Mathivanan urged the company’s board of directors to consider some changes, and upgraded the rating “on the hope of swift execution.”.

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