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Autonomous Delivery Startup Nuro Nets $500M In Funding On $5B Valuation

PYMNTS

The round was led by funds and accounts advised by T. Nuro , a startup focused on robotics use in daily life, has raised $500 million in a Series C funding round, according to a Medium post. Rowe Price Associates, with participation from new investors, including Fidelity Management & Research Company and Baillie Gifford.

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Mobile Health Benefit Platform Accolade Seeks IPO, Has $620M Valuation

PYMNTS

So far, Accolade has raised over $230 million with a valuation of roughly $620 million, according to PitchBook. million members in such sectors as media, technology, financial services, transportation, energy, and retail. On its own, Comcast accounted for 35 percent of Accolade’s revenue. 30, 2019. .

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B2B FinTechs Overcome Pandemic VC Slump

PYMNTS

In Germany, Candis, a B2B platform to automate accounting and payments for businesses, announced a $15.8 Reports in FINSMES noted the firm is focused on automating accounting tasks and B2B payment workflows for middle-market organizations, while also connecting those users to real-time analytics. million this week. earlier this year.

B2B 100
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Employees Start To Expense eScooter Rides

PYMNTS

The rise of Uber, Lyft and other ridesharing services on the corporate expense report represented a significant shift in the ground transportation sector and how business travelers embrace such on-demand services. Starbucks, in second place, accounted for 3.94 percent, while Amazon accounted for 3.78

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Careem Raised $150M As Part Of A $500M Venture Capital Funding Round

PYMNTS

Careem, a transportation startup that is in 80 cities across the Middle East, has reportedly raised $150 million, closing a Series E venture capital funding round with $500 million raised. A separate source told TechCrunch the valuation is now $1.2 Transportation is supply-constrained.”.

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Top News In Payments: Visa To Begin New Certification Program; Circle Co-Founder To Depart Firm

PYMNTS

Chime has notched $500 million in a Series E funding round that sent its valuation soaring to $5.8 The account base of Chime is 6.5 They then can share a group order link that makes it easier for more than one person to participate in the ordering process. Chime Raises $500M On $5.8B million, up from 1 million last year.

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Putting the (Insta)cart before the (Grocery) horse: A COVID Favorite's Reality Check!

Musings on Markets

In sum, the overall grocery pie is growing slowly, and the slice of the pie that is profit for those in the grocery game is slim, effectively limiting the valuation stories (and values) for every player in that game. Mehta, it is worth noting that he owned only 10% of the outstanding shares in the company in 2022.