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

PYMNTS

21) that Acima founder Aaron Allred and his team have created a leading virtual LTO solution for retailers and consumers. “We We all share a common vision to expand the virtual LTO offering across a broader set of retail partners and to meet the needs of more customers through an integrated omnichannel strategy. billion in 2020.

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

CB Insights

Stripe often states that less than 8% of total commerce occurs online, suggesting roughly $26T in global, omnichannel retail sales. Utah-based Divvy , an expense management platform for SMBs, is another. It also allows businesses to generate 1099 tax forms for contractors. Stripe continues to grow payments volume year over year.

Online 98
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Coachella By The Numbers Looks More Like Cashella

PYMNTS

million just in taxes from ticket sales, comprising 5 percent of the city’s general fund, while its overall economy enjoys a $106 million boost thanks to the festivals. Thanks to bed taxes on short-term rentals, cities get to reap the benefits of this arrangement too. The nearby city of Indio takes in $3.18

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2021 GonzoBanker Awards

Gonzobanker

As regulators grappled with new policy, Congress pondered taxing crypto, and bankers began pilots to offer crypto currency conversion, the industry quickly realized that this alternative currency paradigm is here to stay and must be integrated into future strategy and client experience. The Gonzo Inn in Moab, Utah!

Fintech 148
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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. .

Policies 131
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Fintech Fundings: 26 Companies Raised $530 Million Third Week of July

Fintech Labs Insights

Retail deposits platform. HQ: Lehi, Utah. Tax filing portal. Tags: Consumer, tax prep, payments. Latest round: $17.5 million Series B. Total raised: $20.4 HQ: Bangkok, Thailand. Source: Crunchbase. Deposit Solutions. Latest round: $16.5 million Series B. Total raised: $23.6 HQ: Hamburg, Germany. Total raised: $2 million.

Fintech 12
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Killing The I-Bank: The Disruption Of Investment Banking

CB Insights

The “traditional M&A” was often driven by a desire to boost EPS (earnings per share), with companies seeking to combine assets with a similar business, merging with a business in a lower-tax jurisdiction, or looking to gain desirable assets owned by other businesses. Michael Bumkeun Cho, portfolio manager at Samsung Asset Management.