Car-Sharing Startup Getaround Raises $140 Million as Business Recovers From Pandemic Low | Investing News

(Reuters) – Car-sharing company Getaround Inc on Wednesday said it has raised $140 million in additional venture capital funding at a time when its business is seeing growing demand and recovering from a collapse during the early days of the coronavirus pandemic.

The San Francisco-based company, backed by Japan’s SoftBank Group Corp <9984.T>, has raised a total of nearly $600 million since it was founded more than ten years ago and in previous rounds was valued at more than $1.5 billion.

The company allows private vehicle owners to rent out their cars through Getaround’s platform on an hourly or daily basis and operates in over 100 U.S. cities and more than 170 European locations after the company acquired a local competitor in 2019.

Getaround’s business suffered during the initial outbreak of the novel coronavirus in March and April, when demand dropped 75% and the company sought financial support from a

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Visa: Huge Upside As Global Economic Activity Recovers From Pandemic (NYSE:V)

Visa (V) is one of my favorite buy and hold forever stocks that seems to get lost in the mix recently.

As investors patiently await the Q3 earnings season to determine economic recovery from COVID-19, I still remain extremely bullish on Visa stock.

Reuters reported Visa transaction volume has recovered from its bottom in April after global lockdowns dragged U.S. economic activity to a halt.

While renewable energy stocks have soared, digital payment stocks like Visa are trading at similar levels before the pandemic shocked the world.

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Digital payments are the future of global commerce and I’ll explain why Visa remains a core part of my retirement portfolio along with an overall risk-reward thesis for dividend growth investors.

Visa is a Digital Payment Giant

Visa stands as one of the most recognizable logos in the world. If you live in a western country then

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