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HotelTonight Partners WIth Capital One on Its Way to 2017 IPO

Who knew that procrastination pays dividends?

On Thursday, Capital One (COF) announced a partnership with last-minute booking app HotelTonight that offers a special discount for holders of Capital One's Venture and VentureOne cards. This is a big deal for the San Francisco-based HotelTonight, because Capital One is a leader in financial technology, or fintech, and because the hotel app is barreling toward a 2017 IPO.

After struggling and cutting its workforce, HotelTonight seems to have righted the ship, and it's becoming a disruptive force in the hotel industry. The company, says it became profitable...