January 22, 2019

Wine-by-the-glass Subscription Company Vinebox Raises $5.9 Million

Wine-by-the-glass subscription company Vinebox raised more than a glass last week – they raised $5.9 million in seed funding with lead investor Harbinger Ventures. Harbinger joins Y Combinator and SGH Capital as investors in the wine startup. The San Francisco-based Vinebox will use the new capital to expand its team and scale its distribution to reach more customers, reports TechCrunch.

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Clarity from Mastercard on Recurring Billing Charges

Last week Lisa B. Dubrow, Esq. reported on anticipated new rules to be issued by Mastercard based on an announcement Mastercard made on January 16th, modified on the following day. There were still outstanding questions. Today’s update further clarifies the Mastercard announcement including what types of companies these rules impact and when they go into effect.

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