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Conversion Capital, a New York City-based early-stage venture capital firm, announced Tuesday June 28 that it has completed raising capital for Fund III, a $122 million fund that will invest in the FinTech sector.The funds FinTech investments will focus on companies developing software, cloud infrastructure and data technologies, according to a press release. In all, the fund will be deployed in 25 to 30 pre-seed and Series A investmen [url=https://www.cup-stanley-cup.ca]stanley canada[/url] ts.Since its funding in 2015, Conversion Capital funds have invested in more than 60 startups, per the release. The company stated that its initial investments range from $500,000 to $5 million.Conversion Capi [url=https://www.cup-stanley.fr]stanley mugs[/url] tals histor [url=https://www.stanley-cups.ro]stanley romania[/url] y includes investments in Ramp, Vesta, Figure, Braid, Blend, Wisetack, Booster Fuels and others companies, according to the release. It also is an investor in Baselane, a technology company whose business model is creating products that make it easier for landlords to manage multiple properties.See also: Baselane Intros Finance Management Platform for Landlords Twenty years ago, every company set out to become a technology company with the adoption of Web and mobile, Conversion founder and General Partner Christian Lawless said in a statement. Today, were seeing a continuation and acceleration of an even larger platform shift. As more and more companies move critical operating infrastructure to the cloud, operational efficiency is unlocked, which impacts every aspect of the global economy. Fund III will focus investments in t Flek Neiman Marcus Finds New CEO In Former Ralph Lauren Executive
A new device wants to make it easier for ridesharing customers to tip their drivers.According to TechCrunch, Pax is a seatback system that accepts tips in cash or credit card form. Its creator is currently looking to raise $50,000 on Kickstarter to launch the business.While many taxis already allow riders to tip with their credit card, Uber users pay directly through the app, which doesnt allow its customers to add a tip Lyft and other rideshare services do of [url=https://www.stanleycup.fr]gourde stanley[/url] fer this option . So if a rider doesnt have cash on hand, that means the driver simply doesnt get a tip.Azarias Reda, who created the custom Android build with a card reader and strong box with a slot for cash, made Pax specifically for his uncle, who is a full-time Uber driver. Its important to note that the system is only for tips 鈥?customers would still pay for their rides through the app and then make a separate transaction for the tip through Pax.While Redas uncle pulled in about $10-20 in cash [url=https://www.stanley-cup.us]stanley cup[/url] per day, a test run of the system in Washington, D.C., found that more than half of th [url=https://www.stanleycups.us]stanley usa[/url] e tips collected were on credit cards.With that in mind, the plan for Pax is a flat three percent fee on all transactions, with only the driver and the payment processor making any money off the tips. Drivers can聽buy the box for about $100. TechCrunch noted that while a processor hasnt been chosen, Square or PayPal should be able to make that three percent fee a reality.
