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ProducePay nabs $190 million debt financing to lend to farmers

TechCrunch LA

Los Angeles-based ProducePay has inked a $190 million debt facility from Coventure and TCM Capital, to expand its lending business and marketplace for farmers. The marketplace service, which only launched in October, has already seen $100 million in purchases. “In

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Helping Consumers Name Their Own Price For Products, With Greentoe

socalTECH

In real life, you can just about bargain a price for anything you want to buy--a car, a house, even that new stereo from your local electronics store. Joe Marrapodi: GreenToe is a name your own price marketplace for products. It''s very similar to the Priceline.com model, where you name your price for a flight or hotel.

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Tinder Can't Charge Older Users More, Says Court

socalTECH

Los Angeles-based dating app developer Tinder should not be allowed to charge extra for older users to use the app, according to an appeal court ruling, issued Monday. Candelore had alleged that Tinder's pricing was age discrimination under the Unrah Civil Rights Act and the Unfair Competition Law. READ MORE>>.

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Napster Lowers Pricing

socalTECH

Los Angeles-based Napster , the online music subscription service now owned by Best Buy, has just lowered the pricing of its service to $5 a month, including five, DRM-free music downloads. a month for access to the music streaming service. a month for access to the music streaming service.

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AEG, Fuelster To Offer On-Demand Fueling At Staples Center, L.A. Live

socalTECH

Los Angeles-based sports and entertainment venue operator AEG , and on-demand, mobile fueling provider Fuelster Technologies , which is based in Porter Ranch, said this week that the two are in a new partnership where Fuelster will offer up on-demand mobile fuel delivery to fans at Staples Center and L.A.

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How Serviz Plans To Conquer The Home Services Industry

socalTECH

In a world awash with on-demand startups, Los Angeles-based Serviz (www.serviz.com) stands out--not because of the market segment it is tackling, but because it was founded by two, very experienced serial entrepreneurs-- Zorik Gordon and Michael Kline. A little less than a year ago, we relaunched it live in Los Angeles as Serviz.

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NeweggBusiness Gets GSA Schedule Contract

socalTECH

Los Angeles-based online technology retailer Newegg reports this morning that its B2B subsidiary, NeweggBusiness , has been awarded a General Services Administration (GSA) Schedule contract. The company said the contract will enable it to grow its revenues from agencies of the U.S. government. READ MORE>>.

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