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Deutsche Bank Settles AML Scandal For $16M

Deutsche Bank has settled a case with Frankfurt prosecutors that involved a raid on its offices and resulted in a huge hit on earnings and stock value over suspected money laundering, according to a report by Bloomberg. The fine is a relatively small one at 15 million euros ($16.6 million), and is a consequence of […]

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Vroom eCommerce Sales Platform Raises $254M

Vroom, an online marketplace for buying and selling vehicles, has raised $254 million in a Series H funding round, according to a release by the company. Durable Capital Partners led the round, and T. Rowe Price Associates, L Catterton and others participated. Vroom has raised $721 million so far. The company created a platform that […]

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Trucking Payments Tools That Are In It For The Long Haul

The growing significance of the gig economy is changing how businesses handle their payments. Corporations recognize that paying freelancers for ad hoc projects is a different ball game than issuing regular payroll disbursements to hourly or salaried employees or contracting with large suppliers. Gig workers frequently want compensation that is delivered rapidly — not at […]

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Trade Credit: When ‘Status Quo’ Means It’s Time For A Change

For Eyal Shinar, CEO of Fundbox, understanding the burden that cash-flow bottlenecks and delayed invoice payments have on B2B companies came through personal experience. His mother, who owned a small staffing business, regularly faced cash-flow constraints as business clients would wait months to pay for staffing services provided. The business grew quickly, but high growth […]

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Why Installment Payments Are Fashionable This Holiday Season

Consumers — especially millennials and Generation Z — are looking for new commerce experiences during the 2019 holiday season. However, they are also hesitant to pay for those new experiences with credit cards or other traditional financing options. Debt from the previous holiday shopping season has made these younger consumers credit-shy, but it has not […]