Imzm Bank-FinTech Collaborations Set Stage For Real-Time Payments Expansion
Clutter, an on-demand storage company that has been backed by the likes of SoftBank, has acquired The Storage Fox, a storage startup with locations much closer to urban areas, according to a report.The acquisition cost Clutter around $152 million. Ari Mir, Clutters co-founder and CEO, said Clutter did not need to raise funding for the takeover, but will eventually look for more financing to handle growth.So far, Clutter has raised around $310 million including a $200 million round this year, led by SoftBank and it has a valuation of around $600 million. The company is active in 1,000 areas across the Un
stanley cupe ited States and is focused on growing domestically, but has an eye for international growth in the future. Expanding into self-storage is something we have been discussing since Clutters Series A pitch to Sequoia and we are excited to see it come to fruition, said Omar Hamoui, partner at Sequoia Capital, in a statement. The acquisition reinforces Clutters market leadership and expands Clutter services by offering a better experience for customers who need self-storage or on-demand storage. Eliav Dan, head of West Coast real estate finance at Barclays, said the acquisition would help Clutter grow its business in a positive way. Portfolios like that of The Storage Fox are extremely rare, and this acquisition signals that Clutter is uniquely positioned to take on and succeed in the self-storage industry, Dan said. Clutter competed with multiple self-storage RE
stanley france ITs throughou
stanley hrnek t Qqvq Today in Payments: Mastercard Q3 Shows Cross-Border Spend Slump; Pinterest Revenue Surges As Ads Shift From Facebook
The car service competition for business clientele in France is heating up after SnapCar, one of Uber rivals, secured a $2.5 million investment,聽TechCrunch reported.SnapCar has more than 200 cor
stanley france porate clients, and the service is now is backed by investors like Charles Petruccelli, former global CEO of American Express. The B2B focus for them company seems to targeteting more corporate clients. SnapCar also offers the same services like聽Chauffeur-Priv茅, LeCab and Uber, but has found its client niche.SnapCar is not only competing with these startups, but is also fighting against traditional taxi companies. It is now targeting the corporate clients that currently subscribe to expensive taxi plans, TechCrunch reported. SnapCar provides a cheaper, more comfortable and more efficient experienc
stanley website e.New funding, how
gourde stanley ever, can help SnapCar get more drivers, improve customer service and cut into the corporate business of its competitors. The secret to success in the taxi and car service industry is simple: Generate the most rides. Ans that what this new investment may do for SnapCard.
