Payday Loans Online UZZ Fri, 20 May 2022 22:55:50 +0000 en-US hourly 1 Payday Loans Online UZZ 32 32 Massachusetts State Lottery: Megabucks Doubler hits second-biggest jackpot in the game’s existence at $11.6 million ahead of Saturday, May 21, draw Fri, 20 May 2022 21:37:00 +0000

The Massachusetts State Lottery’s Megabucks Doubler game currently has its second-biggest jackpot since its inception in the state, at around $11.6 million before the draw on Saturday, May 21.

Megabucks Doubler was launched in April 2009, with a cash option on the prize estimated at $8.72 million, according to the lottery.

The game’s biggest ever jackpot was $13.82 million, won on March 10, 2012 from a ticket sold in Wakefield, the lottery said.

The Megabucks Doubler jackpot was last won on March 20 last year, when a $10.04 million jackpot was won from a ticket sold at Fairhaven, the lottery added, helping to explain the extraordinarily high sum.

Tickets for Megabucks Doubler can be purchased for $1 each and can only be purchased in Massachusetts, according to the lottery.

“To play, you must choose six numbers between 1 and 49 or choose Quic Pic, which randomly chooses all six numbers for you,” the lottery said. “A ticket that matches the six winning numbers selected in the draw wins the jackpot.”

For Saturday’s draw, qualifying tickets can be purchased until 10:45 p.m. on May 21, the lottery added. Megabucks Doubler draws take place every Saturday and Wednesday at 10:50 p.m. ET.

The Massachusetts State Lottery celebrates its 50th anniversary this year and has awarded more than $100 billion in prizes and generated more than $140 billion in revenue, the group said.

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1 reason why Nu Holdings is moving in the right direction Fri, 20 May 2022 13:27:00 +0000

Like many tech and fintech stocks this year, the Berkshire Hathaway-Brazilian digital bank supported Nu Holdings (NAKED -6.70%) has seen its stock price struggle and has fallen more than 61% this year. Nu is a major disruptor in the Latin American banking space, first offering a credit card with no annual fee and then building a suite of banking products from there. Nu has amassed nearly 60 million customers, but in the past has received questions about its high valuation and path to sustainable profitability.

Yet, despite market volatility and bearish sentiment toward growth stocks, here’s one reason why I think Nu is headed in the right direction.

Image source: Getty Images.

Growth of ARPAC

Nu was able to acquire tens of millions of customers with a customer acquisition cost of $5, which is one of the lowest in the industry. The bank is incredibly popular in Brazil and is growing in Mexico and Colombia. These accomplishments should certainly not be ignored, but customers are generally only valuable to a business if they can be monetized. Because one of Nu’s propositions has been to offer products with far lower fees than incumbent banks in Latin America, it was naturally challenged to generate a high average revenue per active customer (ARPAC). But Nu has improved this metric in recent quarters.

Nu Holdings Customer Engagement Trends.

Image source: Nu Holdings.

If you look at the third chart on the far right, you can see that ARPAC at the end of the first quarter was $6.70. That’s up from $3.50 about a year ago, so the bank is increasing monthly ARPAC nicely. Now $6.70 is still low compared to incumbent retail banks in Brazil, which have monthly ARPACs of around $40, but if you look at some of Nu’s more mature cohorts, the monthly ARPAC has reached 19 $ in the first quarter, which is also up from the sequential quarter.

During the company’s earnings call, Nu chief financial officer Guilherme Lago attributed ARPAC’s growth largely to higher Nu bank account and credit card penetration. But he added that customer penetration of Nu’s other products, such as personal loans, is still quite low. In fact, Lago said customers who have used Nu’s three main products, which include bank account, credit card and a personal loan, have an ARPAC of around $35 to $40. Nu is also rolling out many other products, including insurance, investments, and a marketplace that will hopefully help ARPAC grow in the near future.

When ARPAC grows, the company obviously does well. In the first quarter of the year, Nu generated record revenue of $877 million, well above analysts’ estimates for the quarter.

on the right path

There’s more that will be important for investors to watch out for when it comes to Nu, other than ARPAC. Investors will also want to closely monitor asset quality among Nu’s loan portfolio and broader economic factors in Brazil as well. But ARPAC is a key performance indicator and is definitely moving in the right direction after the first quarter. If Nu can continue to develop ARPAC, he has a very good chance of succeeding.

With Nu now trading at less than $18 billion in market cap, investors have the option to buy at a lower valuation than Buffett and Berkshire. The road probably won’t be linear, but I think Nu is a good long-term buy at these levels.

Khabib asks for credit for Charles Oliveira and Islam Makhachev: ‘I feel bad for these guys’ Thu, 19 May 2022 23:35:00 +0000

Although we would like to see him back, Khabib Nurmagomedov remains retired.

“The Eagle” has accomplished one of the rarest feats in any sport: coming out on top. Coming off a 29th straight victory over Justin Gaethje in October 2020 (watch highlights), Nurmagomedov announced that this was the last time fans would see him compete inside the Octagon.

Since then, new lightweight stars have emerged at the top of the Ultimate Fighting Championship (UFC) ranks, but none have been as dominant as most recent champion Charles Oliveira and the No. 3 ranked contender. , Islam Makhachev. With Oliveira holding the gold and continually looking better and more dominant with each win, the community couldn’t help but wonder how a matchup between him and Nurmagomedov would have played out.

“I feel bad for these guys because people still talk about me when it’s Islam and Charles time,” Nurmagomedov said. The Subway. “I leave it alone but people also have to leave me alone because they have to give credit. People think I don’t respect Charles Oliveira, I respect him. How can I not respect him? He has 11 consecutive wins. He beat a lot of good guys, he finished them. He’s a great athlete, it’s his time, just give him his credit. But please don’t forget Islam either. He has 10 straight wins. They both deserve to fight for the title and they have to fight for the title, forget me.

While Nurmagomedov’s legacy and achievements will stand the test of time, it’s all relative according to the 33-year-old Dagestan destroyer. Everyone has their time, and it is no longer theirs.

“Believe me, it’s not about me. It was just early in my career, it was the BJ Penn era,” Nurmagomedov explained. “After becoming Frankie Edgar, after becoming Benson Henderson then Anthony Pettis then [Rafael] dos Anjos then Eddie Alvarez then Conor [McGregor] so it was my time. My time is now up. It’s like Charles time, okay? After can become the time of Islam. You won’t stay on this game for long. The career of professional athletes is very short. You can only be at the top for a few years. Four, five years and it goes very quickly.

“When was my time? Of course, I’m like, “No way are people talking about another fighter, another lightweight.” Because I am here. Now I’m done,” he concluded. “I leave it alone, just let these guys fight for the undisputed title. Islam against Charles and that’s it.

Today in retail: BJ’s sees sales increase Thu, 19 May 2022 18:38:36 +0000

In retail today, Bath & Body Works is adding more eco-friendly packaging to its continuously updated product line, while Under Armor’s CEO is leaving the company as the course of its shares fall. Additionally, Uber is piloting a scheduled grocery delivery program.

Bath & Body Works focuses on innovation and expansion

Bath & Body Works stores will offer a range of more environmentally-friendly packaged products, the company said in its first-quarter earnings release.

Acting CEO Sarah Nash told investors and analysts on Thursday (May 19) that the company is using more data analytics with the aim of “transforming Bath & Body Works into a true omnichannel business”, capitalizing on trends fashion and the novelty of its packaging and products.

Bath & Body Works recently launched new fragrances and products every four to six weeks and plans to maintain that pace going forward, she said. The company plans to expand into new categories and expand its business into new geographies around the world. Shoppers will also start to see changes to the way Bath & Body Works manufactures its products and packaging, including the elimination of carbons, sulfates and dyes, with 35% of its assortment set to be reformatted by the end of the day. end of the year.

Kohl’s bets all on Sephora as latest takeover offers arrive

After announcing first-quarter results Thursday morning (May 19) that were, in its own words, “below expectations,” Kohl’s was more eager to talk about its growing partnership with makeup giant Sephora than the unexpected drop in 5% of sales from its 1,100 stores.

Amid declining sales for the group, which saw its core Home and Kids categories drop 17% and 12%, respectively, for the three months ended April 30, CEO Michelle Gass pointed out that Sephora stores experienced a different reality, including positive comps, incremental basket size growth, and spillovers from purchases in other departments by new, younger and more diverse customers.

While Gass and the entire existing 13-member board and management team said they were pleased to receive shareholder approval last week, an overnight federal filing revealed that the company’s director of marketing and director of merchandising were leaving the company. Gass assured analysts that she and the board were in contact with several parties interested in buying the retailer who were expected to submit binding fully-funded proposals in the coming weeks.

Uber joins race to expand grocery delivery to all income brackets

Uber announced Thursday (May 19) that it is piloting on-demand and scheduled delivery with Grocery Outlet at 72 of the West Coast’s discount grocery stores. The pilot test is underway in major cities including Seattle and San Francisco, and Uber Eats is running a free delivery promotion to entice consumers to try it out.

Throughout 2022, eGrocery players have taken steps to expand their audience to include low-income shoppers. In April, Instacart announced the expansion of its own partnership with Grocery Outlet to include nearly 400 stores in seven states. Since the start of the year, many grocers have announced that they are now accepting Electronic Benefits Transfer (EBT) and Supplemental Nutrition Assistance Program (SNAP) payments for digital orders.

Memberships and digital sales jump for BJ’s as more shoppers seek bargains

With the drive to get the most out of every dollar more pronounced than ever amid inflation levels not seen since the 1980s, BJ’s Wholesale Club is among the beneficiaries, at least according to its first quarter earnings report of the 2022 financial year published on Thursday (May 19).

The company reported a 14.4% year-over-year comparable club sales increase for the 13 weeks ending April 30, although that number drops to 4.1% when gasoline sales are excluded. BJ’s also reported an 11.9% year-over-year increase in dues revenue to $96.6 million. Sales growth through digital was 26%, so BJ members aren’t just doing their wholesale purchases in person at their local clubs, according to the company’s press release. Net sales increased 16.3% year over year.

With inventory at liquidation prices, the CEO of Under Armor leaves

Under Armour, whose shares have been halved in the past six months, announced that CEO Patrik Frisk is stepping down after two years at the helm of the company.

As the search for a successor begins and current COO Colin Browne sets to assume the role of interim CEO on June 1, the sweeping, multi-pronged transformation previously announced will continue. These efforts are aimed at mitigating supply chain disruptions from China, expanding the company’s direct-to-consumer and e-commerce channel, and reversing the slump in shoe sales, which fell 4 % in the last quarter and are dwarfed by the company’s apparel revenues.

The impending C-suite transition also follows the company’s previously announced transition to a new fiscal format, which, effective April 1, saw it launch into the first quarter of fiscal 2023 instead. only in the second quarter of 2022.



On: Shoppers who have store cards use them for 87% of all eligible purchases – but that doesn’t mean retailers should start buy now, pay later (BNPL) options at checkout. The Truth About BNPL and Store Cards, a collaboration between PYMNTS and PayPal, surveys 2,161 consumers to find out why providing both BNPL and Store Cards is key to helping merchants maximize conversion.

IROKO co-founder Bastian Gotter raises $3.2M for new venture, Bamba – TechCrunch Wed, 18 May 2022 09:41:38 +0000

In 2010, Bastian Gotter invested up to $200,000 in IROKOtv, an African video-on-demand company that Jason Njoku, his friend and co-founder, launched in Lagos, Nigeria.

Over the next two years, Gotter, as CFO, was instrumental in transforming IROKO – having raised over $30 million from VCs including Tiger Global – into a household name on the entertainment and technology scenes in Nigeria.

Gotter left the media business in 2017, an exit that allowed him to pursue full-time angel investing and pursue new projects. Gotter has cut checks in Paystack, Flutterwave and betPawa and co-runs Spark, an investment vehicle he launched with Njoku.

In 2018, he launched a preschool channel based in the UK and South Africa. Two years later, he became part of the founding team of Kenyan fintech PawaPay, whose API connects up to 25 telecom operators’ mobile money systems and enables merchants in 10 countries to receive and pay. send payments between mobile money accounts.

Gotter is an investor and board member of PawaPay, roles that can be active and passive depending on who is involved. For Gotter, it was more about the latter, and so in January he began exploring other opportunities in the mobile money payments space, particularly relating to small businesses. This led him to launch Bamba, a mobile business software for African micro-traders, which raised $3.2 million.

After spending some time in Kenya (where he was now used to paying via mobile money and rarely cash), he noticed that businesses relied heavily on manual bookkeeping and had no software to record their accounts. cash and mobile money transactions.

“They also saved stock components and had some form of customer relationship management on WhatsApp. It wasn’t a consistent picture and it was just a big mess,” he said on a call to TechCrunch. “And that’s when we finally saw an opportunity to launch Bamba.”

Micro, small and medium-sized enterprises represent 90% of all businesses in sub-Saharan Africa. And there are new entrants providing digital accounting services for a tiny number of them in West Africa, such as Sabi Cash, Bumpa, Kippa and OZÉ. Bamba is a matching solution for Kenya and surrounding markets in East Africa, where these merchants accepted over $200 billion in mobile money payments last year.

The platform includes business management software and an Android application that provides tools for micro-traders to manage their business. Its features include managing customers, recording stock levels, and receiving and executing payments.

“Merchants can record the cash and mobile money transactions they collect, as well as their cash and mobile money payments. And through that initial record keeping, we have an entry point into the business,” said Gotter, who also mentioned that Bamba wanted to improve fundraising for merchants primarily through USSD and M-Pesa to pay the point-of-sale invoice numbers.

“We have the inventory management components that are tied to the number and the goods sold. Then payments eventually led to point-of-sale type devices like Square or Yoco that allow you to get a clearer picture of your business and activities.

Lack of credit is a thorn in the flesh of traders globally; this is even truer in sub-Saharan Africa, where the credit gap for small businesses is over $300 billion. This is a prominent area where the digitization of accounting proves its utmost importance for traders. And DDespite launching with different market entry points, startups in this space are converging on this singular point. For Bamba, its solution crossing inventory, CRM and payments will allow it to provide merchants with cash advances on their future cash flow.

“These are companies that have not been loaned before because their credit rating was insufficient to obtain the appropriate loans. But since we have a fairly accurate picture of our customers in terms of liquidity and mobile money receivables, we can make accurate lending decisions to them in a way that has never been done before,” said the CEO. .

Bamba is currently in stealth mode and has not yet launched. Gotter said the five-month-old startup was testing its platform with 30 merchants. Its revenue will come from two streams: a small payout fee paid by merchants and interest from its loan/cash advance product.

“We are very far into the research phase and the rapid iteration cycle to determine the initial product that we want to launch on a larger scale in 12 markets,” said the CEO who founded Bamba with Martin Schramm in January.

This seed funding is integral to accelerating this process of acquiring more users and scaling the engineering team behind the product. Berlin and San Francisco-based 468 Capital led the round, while Presight Ventures and Jigsaw VC participated alongside angel investors such as FairMoney’s Laurin Hainy and Pulse’s Leonard Stiegeler.

Ludwig Ensthaler, partner at 468 Capital, in a statement, explained why his company is supporting the Kenya-based startup. He said the business software investment opportunities focused on African small businesses are largely untapped and that Bamba “is well placed with a great product and a strong founder to build a category-defining company.”

Cambio accepted into the prestigious Y Combinator, receives Tue, 17 May 2022 16:01:01 +0000

CHICAGO, May 17, 2022 (GLOBE NEWSWIRE) — Cambio, a consumer financial rebuilding platform, today announced that it has received a $500,000 investment from Y Combinator (YC) and will participate in its summer 2022 batch. With an acceptance rate of 1.5%, Y Combinator is the world’s most prestigious tech startup accelerator, partnering with over 3,500 companies worth over $600 billion .

This announcement further validates Cambio’s mission of enabling consumers with credit scores below 650 to get ahead today while building for tomorrow. Cambio is a mobile app that helps consumers with bad credit resolve credit issues, build credit through a 0% interest rate loan, and access affordable refinance opportunities. Cambio members receive tips and daily updates that help them navigate the complex US credit system.

“We are honored to be part of the Y Combinator Summer 2022 cohort,” said Blesson Abraham, CEO and Founder of Cambio. “Our platform gives 100 million consumers with debt in collection the helping hand they need to rebuild their finances. We are excited to use YC’s resources to accelerate Cambio’s growth and impact.”

The growth-focused Y Combinator program begins in June and ends with YC Demo Days in September.


For media inquiries, please contact

About Cambio

Cambio is a mobile application that enables its members to improve their credit scores and access affordable credit so they can achieve financial freedom. What started as a simple idea to help non-banking Americans save money at check boxes has turned into a movement where people from all walks of life can invest in themselves and escape the pain that comes with damaged credit. Follow @cambiomoney on Instagram, Facebook, Twitter, Tik Tok and LinkedIn, or visit to learn more.

About YC

Y Combinator (YC) is a startup accelerator program and investment fund that supports founders every step of the way. Since 2005, more than 3,500 companies have taken part in the accelerator. Today, these companies have an aggregate valuation approaching $600 billion. DoorDash, Stripe, Segment, Coinbase, GitLab, and Brex are all from the Y Combinator accelerator program. For more information about Y Combinator, visit

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]]> Vince Neil appears in Dollar Loan Center ad Tue, 17 May 2022 02:27:02 +0000

As Vince Neil prepares for Motley Crue’s return to the road on this summer’s stadium tour (36 dates, over 1 million tickets sold to date, VIP ticket prices over $1000) , he may not be the first person you might turn to for advice on payday loans.

But here we are. Neil has teamed up with Dollar Loan Center, a Las Vegas-based short-term lender, for a new ad. The ad was filmed at Dollar Loan Center Arena in Henderson, Nevada, home of local hockey team the Silver Knights, and features Neil wandering the ice behind the wheel of a Zamboni.