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Germany’s FlixMobility Reaches $2B Valuation With Massive Funding Round

PYMNTS

The company is planning to next debut a carpooling service called FlixCars.mm. The company is an example of how startups are taking advantages of data, automation and AI to create new opportunities in the transportation field. The company uses artificial intelligence (AI) and data to figure out the fastest, most economical routes. .

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Uber Updates App With Public Transit Options

PYMNTS

The rideshare giant has partnered with the Regional Transportation District (RTD) so that users in Denver can find real-time information and directions to local public transportation via the Uber app. The company added that its riders will soon be able to purchase and use RTD tickets through the Uber app. billion by 2019.

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10 Monday AM Reads

Barry Ritholtz

Venture-capital investments are plunging, along with valuations of prepublic companies. Lawmakers are trying to restrict these investment choices in workplace retirement plans, but big fund managers are trying to give shareholders a voice. ( The Justice Department just can’t stop filing antitrust suits against Google.

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10 Thursday AM Reads

Barry Ritholtz

Bloomberg ) • AI’s Winners, Losers and Wannabes : An NVIDIA Valuation, with the AI Boost! Musings on Markets ) • For Trend-Setting Family Offices—and Those Following Their Lead—Timing Is Key : Investors are sensing a regime shift in the market but capturing it will take careful planning. Slate ) • St.

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Logistics, Supply Chain Tech Lead B2B Funding This Week

PYMNTS

While the investment isn’t yet official, reports noted that it would propel Taulia’s valuation to as much as $400 million, said Cedric Bru, the firm’s CEO and president, in an interview with The Wall Street Journal. million raised from investors.

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Fractional CFO Explained

CFO Share

You are pivoting your business plan and results are yet uncertain. Manufacturing, transportation, distribution, real estate and construction are very financially complex and require a specialty fractional CFO. These include: You are too busy to perform bookkeeping and accounting. Forecasting has become too complex or too stressful.

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Selling A Luxury Presidential Jet, By Raffle

PYMNTS

That plan, however, seemed to take Transport Minister Javier Jimenez Espriu by surprise when he was asked about it by local media. It also seems that perhaps this solution is a bit too out of the box for the transport minister. When asked directly if this was a feasible plan, Jimenez Espriu was far from encouraging.