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Germany Has Beer, Bratwurst and Apparently
Enough NFL Fans for a Franchise****How Much LandDoes the Mormon Church Own? More Than Delaware.The Robots Need Help From Humans
**(For Now).**Turns Out “
Where’s the damn bus?” is a**$1.7 Billion Question****NvidiaHas a Customer Problem, TooAnd From Around the Web:**Spritz Wars, Smart Teeth, and Dumb Crime
The news shaping business, finance, and technology, for better or considerably worse.
The NFL wants some of the global appeal enjoyed by the other football.
Commissioner Roger Goodell told German media last week that he has “no doubt” **the league will eventually have a team based outside the U.S. **And the NFL is already testing the waters. A record nine international games are scheduled this season, up from two in 2021, across four continents. Paris and Rio de Janeiro are joining the host-city rotation.
The business case is obvious: fill foreign stadiums, turn casual fans into regular viewers, then sell bigger media deals.
**Germany is a favorite for a future franchise. **More than 100,000 fans attended two Frankfurt games in 2023, and German Super Bowl viewership rose to 1.87 million this year from 1.55 million in 2025. London is another contender. It has hosted more NFL games than any other international city, and Goodell has previously said it could support two teams.
Canada or Mexico may make more logistical sense. Mexico alone has roughly 40 million NFL fans and, crucially, is not an ocean away.
That matters.
More than half of NFL players said they wouldn’t join a foreign team in a 2023 anonymous survey by The Athletic. Then there’s travel, scheduling, rest, passports and moving 100-plus players and staff across borders all season.
The NFL has also tried Europe before. Its European league ran from 1991 to 2007 and reportedly lost about $400 million while struggling with weak talent and teams that kept changing cities.
Maybe the answer is simpler: **before launching a franchise, launch a Netflix series. **Apparently that’s how sports work now.
The NFL sees a huge pool of fans and media money overseas, but turning occasional international games into a permanent franchise is a much bigger bet.
Twenty minutes from Denver International Airport, a patch of empty land larger than Central Park is getting a new life.** A community called Tributary is planned for more than 12,000 residents,** with homes, shops, parks, a school, a fire station and direct airport access.
The developer is Property Reserve, a name most locals probably don’t know. The owner behind it is much more familiar: the Church of Jesus Christ of Latter-day Saints.
Tributary is one piece of a massive real estate portfolio the LDS Church has built over more than a century. Through subsidiaries,** it owns farms, ranches, apartments, hotels and huge stretches of land. **Property records reviewed by Reonomy show at least 2.4 million acres across the U.S., nearly twice the size of Delaware, with an assessed value above $20 billion.
And that is probably a low estimate. It doesn’t include some holdings in states where sale prices aren’t publicly disclosed, or investments made through outside funds and partnerships. The church, which has nearly** 18 million members** who are expected to tithe 10% of their income, discloses little about the size of its financial holdings.
Beyond Tributary, Property Reserve is planning a community on 4,000 acres in west Phoenix, recently bought nearly 3,000 acres southwest of Austin with rights for thousands of homes, and is developing Sunbridge in central Florida on land nearly the size of San Francisco.
(Sunbridge is so large that Florida created a special district with its own local government structure to oversee infrastructure and development. The district can even issue tax-exempt bonds.)
None of this is entirely new. Land ownership has been part of the church since its earliest days, when founder Joseph Smith envisioned communities built around temples, agriculture and self-sufficiency. Two centuries later, the farms got bigger.
The LDS Church isn’t simply sitting on billions in real estate; some of its projects are now large enough to build neighborhoods, infrastructure and, in practice, reshape entire regions.
Figure AI just came out of stealth mode with Index, an* app that pays people to record themselves doing everyday tasks so humanoid robots can learn from them.*
In four months,** Index says it has topped 264,000 downloads across 108 countries**. Users have uploaded more than 16 million videos and earned** $15 million**, creating what Figure calls the world’s largest and most diverse robot-training dataset.** The company plans to spend more than $1 billion on data and computing over the next year.**
Users can also hire “Creators” to record tasks for them, **which means humans can now outsource the work of teaching robots how to do human work. **Progress. (?)
The reason is simple: **humanoid robots still need enormous amounts of real-world data. **Hardware is moving fast. At last week’s World Humanoid Robot Games in Beijing, Chinese robots even posted eye-catching sprint times. But actual commercial use remains limited. So the race is shifting toward software and training data. **Tesla **has highlighted its own data efforts, while Unitree plans to put a large chunk of its IPO proceeds into software development.
Some research estimates humanoid robots could eventually become a **$26 trillion market **across homes and factories. But we’re still early.
The real question isn’t whether robots get better. They will.It’s what work we decide should still belong to humans once they do.
Better robots need better data, and right now humans are being paid to provide the training material that could eventually make those robots far more useful.
Missing the bus has become a serious problem across America, thanks to a shortage of school bus drivers. Former eBay executive Ritu Narayan thinks she has a fix: Zum, the $1.7 billion company often called the “Uber for school buses.”
America spends nearly** $40 billion a year on school transportation**. About 480,000 buses carry 26 million kids twice a day, yet driver employment is still 9.5% below 2019 levels.
The fallout goes well beyond late arrivals. Three-quarters of schools say transportation affects chronic absenteeism. More than a third of parents have missed work because of school transportation problems, and 11% say they’ve lost jobs. Even teachers are getting pulled in: 83% of schools say educators help cover transportation needs.
Narayan first tried a kid-focused ride-sharing service called Liftee after dealing with transportation problems for her own children.** It didn’t scale, so she pivoted.**
Zum works directly with school districts. It buys buses, gives parents, teachers, and dispatchers real-time tracking, and uses AI to build more efficient routes with fewer vehicles. Drivers start around $30 an hour with benefits, and the company is also rolling out electric buses that can feed power back into the grid.
Today,** 5,000 schools across 18 states use Zum.** The company has raised** $430 million **and reported $333 million in 2025 revenue, up 35% from the year before.
There have been some bumps, but Zum says it has helped districts eliminate driver shortages.
Turns out the school bus didn’t need reinventing. It just needed someone to notice it was still operating like it was 1997.
Zum is turning one of America’s oldest, messiest public systems into a tech business worth $1.7 billion, while solving a problem that can keep kids out of school and parents out of work.
🔗 See how one mom turned a missed-bus problem into a $333 million-a-year business.
One minute of money talk. Several expensive mistakes avoided.
with Matthew R. Meehan
Luigi wrote earlier this week about ** the risk of having too much revenue tied to one customer**. Now, Nvidia’s
One customer made up 16% of Nvidia’s quarterly revenue, while five customers accounted for 70% of its receivables. Some of its biggest customers can get payment terms stretching close to a year.
A $500,000 contract sounds great. But if you have to front $200,000 for payroll, inventory, materials, and overhead, then wait 60 or 90 days for the customer to pay, that “great new account” can put a serious squeeze on your cash.
➡️ How much cash are you putting out before you collect?
➡️ What happens if they pay 30 days late?
➡️ Can you negotiate a deposit, milestone payments or shorter terms?
That’s the kind of thing we help business owners work through at Credit Banc: **how big the gap is, how long it lasts, and what type of financing fits it. **
Because landing the job is only part of the math. **Don’t just price the job. Price the wait. **
Not sure how much a slow-paying customer could squeeze your cash? Run the numbers with Credit Banc’s Cash Flow Gap Calculator. (** Grab it here**.)
The internet’s least supervised corner. Useful? Debatable. Entertaining? Always.
Bitter is Big Business:Campari has turned 107-year-oldAperolinto a roughly$900 million global brand,using the spritz to push theonce-obscure aperitifdeep into U.S. drinking culture. The orange takeover worked so well that rival brands are now crowding in,hoping to steal a little of summer’s most photogenic cocktail.****Smile, You’re on Camera:Dyson has unveiled theCameraJet, a $500 toothbrushwith a tiny camera that livestreams the inside of your mouth to your phone, uses AI to spot gaps, then blasts them with mouthwash.*We guess brushing your teeth now requires surveillance?*His System Was Not Proven:Atlanta rapper Juney Knotzz wasafter running asentenced to six years in prison$6.5 million stolen-check scheme…all while selling fraud tutorials called the “Sauce Book.” The checks mostly failed, which means**he was basically an online self-help guru for crime:**selling a system he apparently couldn’t make work himself.
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