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omtt Latin American Companies Reap Benefits of Digitizing Business Payments
Lfbs Twitter Considers Ad Ban On Cryptos
The Mexico City-based spend management platform Clara an stanley cup nounced its launch in Brazil Monday Dec. 6 , an occasion marked by $70 million in new funding and a $1 billion valuation.聽As the company noted in its press release, that valuation comes just eight months after Claras launch, making it the fastest startup to reach unicorn status in Latin America.聽The funding round was led by Coatue, an investment firm that has backed tech companies like TikTok owner ByteDance, Deel, Ramp, Melio Payments, Mercury Bank, and the cryptocurrency exchange Bitso. As part of stanley canada the deal, Coatues Michael Gilroy will become the first outside member of Claras board.聽Clara begins its operations in Brazil with nearly 100 corporate clients and a team of 40 people, offering customers a solid and robust platform, thanks to its own license under agreement with Mastercard to operate without depending on third parties or sponsor banks. 聽The company says its license with Mastercard allows it to issue its own cards, accepted at stanley termos businesses around the world.聽 Weve been entrepreneurs and executives in companies that have operated across the region, so we know that the needs are similar in Brazil as they are in Mexico or Colombia, said Gerry Giacom谩n Colyer, Clara CEO and co-founder. Further, we have many customers that operate throughout these countries, and we ;re thrilled to be their ally. Read more: How Open Banking Guides LATAM Spend Management FinTech聽This statement echoes comments Giacom谩n Co Rsos Will The Target Breach Kill Branded Debit Cards
One California regulator believes Uber should be classified as a charter-party carrier 鈥?the same type of transportation as limousines and tour buses.According to Reuters, a commissioner for the California Public Utilities Commission CPUC , who has been working on a proposal on regulating Uber, said she believes the company should be classified as a charter-party carrier.The transportation category 鈥?also known as TCP 鈥?includes services offering pre-arranged transportation, such as a sightseeing tour, which must comply with certain licensing, insurance and inspection requirements.The proposal found that Uber qualified as a TCP because it exercises extensive control over its drivers and customers, creating the software for hailing a ride, calculating fares and billing riders, and completing criminal background checks on drivers and vehicle inspections.The ruling stat stanley usa ed that Uber has been operating as a T stanley polska CP since stanley france at least October 2010, and as part of the proposal, the company would be required to pay three years of back fees, the maximum allowed under state law.Interestingly, the decision does not affect San Francisco-based Lyft, Ubers biggest rival in the state.An Uber spokesman said the company was reviewing the proposal and will file a response.This is just the latest legal blow for Uber. Last year, the company lost an important battle in Europe when the European Unions highest court ruled that the聽ridesharing service聽is, for all intents and purposes, a taxi service that |
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