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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.

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

PYMNTS

Uber , the ride-hailing company, has facilitated more than $600 million of payments in the form of tips to its drivers since it launched its in-app tipping service for drivers in 2017. 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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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

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Oportun Personal Loans Review: For Borrowers With No Credit

MyBankTracker

The term of a loan is the amount of time that you will take to pay it off if you follow the minimum payment schedule. Shorter terms result in higher monthly payments but lower overall costs while longer terms mean lower monthly payments but a costlier loan overall. Interest Rates. Funds Disbursement Speed.

Idaho 52
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Possible Finance Personal Loans Review

MyBankTracker

On-time payments can help build credit. The longer a loan’s term, the more it will cost overall, but the lower its monthly payments. Possible Finance asks customers to repay their loans with payments every other week for two months. As a perk, you also have less to worry about when it comes to late payment fees.

Texas 52
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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. The collection mechanism used for daily payments didn’t perform properly and didn’t take enough. “As

Capital 100