Yoeo CNBC, Acorns Announce Partnership And Investment
Invoice financing platform Crowdz has landed $10 million in financing of its own, the company said in a news release.Crowdz said it had gotten the investment in a funding round led by Citi and Global Cleantech Capital, with participation from Bold Capital Partners, TFX Ventures and Augment Ventures.The company said it plans to work with Citi to give small- to medium-enterprises SMEs rapid and efficient access to working capital. The current state of the supply chain cycle for SMEs is overwhelmingly defined by fragmentation and delays, inefficiencies which cost the
stanley us m over $3 trillion annually, the company said.Based in Campbell, California, Crowdz offers what it calls an alternative financing solution that lets small businesses sell invoices to funders for financing.Crowdz integrates with its clients accounting, payment processing and banking systems to allow these businesses to get paid early at competitive rates. The companys platform includes p
stanley cup uk roprietary risk scoring that gives lenders access to attractive risk-adjusted, diversified returns, while helping to plug the SME finance gap. Payson E. Johnston, the companys co-founder and CEO, said the collaboration with Citi, coupled with the investment, marks a new era for his company. We share Citis view of recurring revenue as having the potential to become a new asset class, and Crowdzs technology 鈥?including a global receivables marketplace with risk scoring, white label for enterprises and banks, and creation of digi
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In an effort to remain competitive with other, perhaps more nimble packaging and shipment operators, the U.S. Postal Service is boosting its same-day delivery business.As reported by The Wall Street Journal on Monday Aug. 17 , the USPS is bringing a plethora of items to consumers, ranging from water to fresh fish and everything in between as the battle rages on with FedEx, UPS and, of course, the eCommerce giant that is Amazon.In an interview with WSJ, Postmaster General Megan Bre
stanley mug nnan, six months into her tenure in that role, said that clearly, the consumer demand is such that we all want the package today. So were being responsive to that. A
stanley website nd Brennan is also looking for new avenues of business, with an eye on shipping alcoholic beverages which needs Congressional approval and expanding Sunday delivery.Volumes in the services most profitable niche, first-class mail, fell 2 percent through the first three quarters of the current fiscal year. That pales in comparison to the 20 percent dip seen in the past decade. For the moment, new initiatives have been going through a ramp-up in costs, chiefly labor, which have put a damper on margins.In th
stanley deutschland e meantime, the postal agency has partnered with Amazon to bring grocery delivery to San Francisco, with another half dozen markets following and same-day delivery becoming a New York staple a little under a year ago. And, as noted by WSJ, the agency is looking to buy 180,000 new trucks that are ideal for hauling packages.One other co
