Caliva is about to launch delivery service in San Francisco and Los Angeles. When the company went with Hypur banking for payments, that spelled the end of its relationship with delivery service Eaze, which remains unable to accept contactless mobile payments. The move spells a significant loss for Eaze.
- The move to Hypur banking cuts back on the number of ATM trips Caliva clients will have to make, an issue more critical than ever. The vertically integrating Caliva aims to grow its margins through our indeterminate period of sheltering in place.
- Caliva is seeking a new round of investment. Reporter Josh Constine writes, “Faster delivery and simpler payments could help. But enthusiasm for the industry has dwindled following the initial flood of entrants sought to exploit the end of prohibition. Is the Green Rush over?”
- TechCrunch reported in January that Eaze was nearly out of cash. Just prior to coronavirus hitting, the company secured a $20M bridge loan.