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Buckle Corp, an insurance and credit provider for rideshare and delivery drivers and those who earn less than the average American wage, announced on Wednesday Sept.
kubki stanley 29 it raised $60 million t
stanley nz hrough a Series B funding round. The round was led by聽Volery Capital Partners聽with contributions from聽Eldridge,聽Assurant Ventures, as well as聽HSCM聽Bermuda.As part of the investment, Volery Capital Partners will join Buckles Board of Directors, according to a press release. HSCM Bermuda also increased Buckles surplus term loan from $10 million to $20 million to offer extra capital to bolster the expansion of Buckles聽Gateway Insurance Company.Buckle plans to use the funds to grow its insurance-as-a-service platform, according to the announcement. The companys auto insurance policy for gig economy workers uses rideshare and delivery information from Transportation Network Company platforms to underwrite policies, with coverage available to traditional taxi, limousine, rideshare fleets and non-stan
gourde stanley dard personal vehicles, per the announcement.The company also purchased and recapitalized three admitted insurance carriers, Gateway Insurance Company,聽American Service Insurance Company, and American Country Insurance Company, according to Buckle.The Buckle insurance coverage earmarked specifically for gig economy workers is among recent perks available to rideshare and delivery drivers. Uber last month announced a collaboration with retail technology company GetUpside to offer fuel and convenie Qagt Russian Cyberthief Indicted For Chase, Capital One, Citibank Attacks
B2B payments company Bottomline Technologies released its quarterly report for the second quarter of the 2016 fiscal year on Thursday Jan. 28 , and while the figures were slightly short of expectations, the company says it has a plan for success.The firm, which provides payment, digital banking and invoicing services for corporations and financial institutions, scored a profit, though the figures were
stanley fr a more than 5 percent decrease from Q2 the year before, reports said.Earnings hit $14.64 million 鈥斅燼lso a tad lower than earnings reached in the same period the p
stanley cup rior year. Sales reached $86 million, similarly missing targets.Despite the slight underperformance, President and Chief Executive Officer Rob Eberl
stanley quencher e remained optimistic during the companys earnings call late last week. We are delighted with the results for the second quarter and our progress against our strategic plan, he said, pointing to a strategic partnership with Visa that helped to propel the companys growth.The executive also pointed to key acquisitions the company has made in an effort to drive sales and see a return on those investments. Those strategic purchases, Eberle said, will impact the companys 2017 guidance. We have a strategic plan, we are performing well against it and we are confident we will continue to grow shareholder value, Eberle added in a statement.Among the companys highlights for the quarter included the launch of a collaboration with Fifth Third Bank, a partnership announced in October