BaaS Startup Productfy Notches $16M Led by CM Ventures
BaaS Startup Productfy Notches $16M Led by CM Ventures
October 08, 2021  |  Investments

Banking-as-a-service startup Productfy raised $16 million in a Series A funding round led by CM Ventures, with participation by existing investors Point72 Ventures, 500 Startups...

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First Pandemic Loan Scammer Sent To Federal Prison After Faking Suicide
First Pandemic Loan Scammer Sent To Federal Prison After Faking Suicide
October 08, 2021  |  Security & Fraud

A Massachusetts man was remanded to federal prison after being charged with fraudulently obtaining Pandemic Paycheck Protection (PPP) loans in the amount of $543,000 and...

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Poshmark Rolls Out New eCommerce Tools to Give Sellers More Customer Insights
Poshmark Rolls Out New eCommerce Tools to Give Sellers More Customer Insights
October 08, 2021  |  eCommerce

Online apparel platform Poshmark, Inc. on Friday (Oct. 8) announced during its annual conference, PoshFest, its eCommerce future, and unveiled a new team that will...

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Capital One Buys Travel FinTech Lola
Capital One Buys Travel FinTech Lola
October 08, 2021  |  Partnerships / Acquisitions

Capital One has acquired the staff and software of Boston travel tech startup Lola in an effort to boost its FinTech footprint in the Boston...

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Citigroup Claims $11B Lex Foundation Lawsuit Is Fraudulent
Citigroup Claims $11B Lex Foundation Lawsuit Is Fraudulent
October 08, 2021  |  Legal

Citigroup says the $11 billion lawsuit from a mysterious money manager is the work of a “fantasist” trying to extort the bank. Get the Full...

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JPMorgan: Investors Choosing Bitcoin Over Gold
JPMorgan: Investors Choosing Bitcoin Over Gold
October 08, 2021  |  Cryptocurrency

JPMorgan says more institutional investors are choosing bitcoin over gold, in part because of the cryptocurrency’s potential for serious growth both in the near and...

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LA Mandates Proof of Vax; Digital Ordering Prompts Smoothie Renaissance
LA Mandates Proof of Vax; Digital Ordering Prompts Smoothie Renaissance
October 08, 2021  |  Restaurant Roundup

Los Angeles has joined the cities mandating proof of vaccination for entry into restaurants and other indoor venues, after the city council voted 11-2 on...

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Crypto Users More Likely to Use Mobile Wallets in Cross-Border Remittances
Crypto Users More Likely to Use Mobile Wallets in Cross-Border Remittances
October 08, 2021  |  Mobile Wallets

MoneyGram’s recent announcement that it will be partnering with the Stellar Development Foundation, a nonprofit organization, on an eWallet offering with near-instant settlements in Circle’s...

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This Week In Payments: Fresh Revenue Streams, BNPL Fraud Watch and Solutions for Real Problems
This Week In Payments: Fresh Revenue Streams, BNPL Fraud Watch and Solutions for Real Problems
October 08, 2021  |  Innovation

One emerging retail and revenue model trend that appeared in a number of stories PYMNTS covered this week involved big companies turning to non-core businesses...

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