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PYMNTS.com 01/17/2020 18:50
CarGurus, an auto marketplace based in Boston, has acquired car shopping platform startup Autolist, according to reports. Autolist is based in San Francisco, and the terms of the deal were not revealed. CarGurus is a successful company that went public in 2017, and it’s going to keep Autolist as its own brand and website. The […]
PYMNTS.com 01/17/2020 18:32
Accounts payable (AP) and payment automation solution company AvidXchange has raised $260 million in equity capital in a financing round, according to a press release. The company has raised over $800 million in its two-decade history, with contributions from investors like TPG Sixth Street Partners and others. The company is going to use the capital […]
PYMNTS.com 01/17/2020 17:27
Epic Systems is telling clients that it will not seek further Google Cloud integration and will instead focus on Microsoft Azure and Amazon Web Services (AWS), CNBC reported. The company decided to stop development with Google Cloud as it wasn’t experiencing enough interest among its health system clients to justify the investment. Epic, which is […]
PYMNTS.com 01/17/2020 15:07
Facebook has been sued by four companies regarded alleged anti-competitive practices, according to a report by Reuters. The companies say that the social media giant removed developers’ access to its program in an attempt to hurt potential competitors. The plaintiffs are seeking class-action status for their suit as well as an unknown amount of damages. […]
PYMNTS.com 01/17/2020 15:00
In today’s top news, China’s economy grew by its slowest rate since 1990, Alphabet reached $1 trillion market value, and attempted check fraud spiked 43 percent. China Posts Worst Slowdown In Nearly Three Decades China’s economy grew by 6.1 percent in 2019, the lowest growth rate in the country since 1990. The country has struggled […]
PYMNTS.com 01/17/2020 13:53
While no figure has been suggested yet, SoftBank has reportedly offered to invest a maximum of $40 billion in a new capital city Indonesia intends to create on Borneo island. Indonesian President Joko Widodo made plans known in August to move the administrative capital to take the pressure off of Jakarta because of pollution and overcrowding, Reuters reported. A […]

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