Carvana Reestablishes Partnership with Ally Financial Following Hindenburg Report
Carvana Renews Ties With Ally Financial After Hindenburg Report Carvana has revived a deal to sell $4 billion in used-car loan receivables to Ally Financial. The yearlong arrangement, announced Monday (Jan. 6), comes days after a report by short seller Hindenburg Research claiming that Ally was stepping back from its partnership with the online vehicle […]
Shopline and Onramp Collaborate to Provide Financing Solutions for U.S. Online Merchants
Shopline, Onramp Partner on Financing for US Online Merchants Shopline and Onramp Funds have teamed up to deliver flexible financing options to eCommerce businesses. With this partnership, U.S.-based online merchants using Shopline’s commerce services platform can access capital from Onramp Funds, which is a funding provider focused on eCommerce businesses, the companies said in a Tuesday […]
Stealth Mode Startup Reactiv Launches Mobile Commerce Platform with $5 Million in Seed Funding
Reactiv, mobile commerce startup, launches out of stealth with $5 million seed round The rise of Shopify, based in Ottawa, Ontario, has boosted Canada’s tech scene in recent years. But what’s it actually like raising money for an early-stage startup in Canada these days? Zack Elias and Ross Correia, two Shopify alums, are a case […]