Abrigo
APRIL 25, 2024
The negative correlation of funded business loans to the Fed funds rate is a staggering 86% as businesses weigh their needs for capital against expensive debt and lenders aim to limit risk. Almost half sought credit to grow their businesses, and 28% applied to make repairs or replace capital assets.
PYMNTS
MARCH 22, 2018
According to Venture Beat , this latest round of funding was led by Manhattan-based VC firm Stripes Group, with participation from existing investors that include Union Square Ventures, Insight Venture Partners and Spark Capital. based Featurespace and Atlanta-based Pindrop.
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South State Correspondent
JANUARY 4, 2023
Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.
Independent Banker
AUGUST 26, 2015
in Atlanta is one community bank that tries to be more agile with its technology spending. “If New business initiatives that aren’t budgeted for have to go through a risk assessment process. It’s about spending your money wisely and managing change effectively.”. Don’t just say, ‘This is our plan and we can’t change.’”.
Jeff For Banks
JANUARY 16, 2016
Between February and November, 2015, foreign capital was pulled out of the country to the tune of $843 billion. GDP in the 4Q15 is tracking at 1.0%, according to the Atlanta Fed. China is paying the price for these actions. They used to hold reserves of $4 trillion in 2014. Housing is volatile, especially at this time of year.
Fintech Labs Insights
SEPTEMBER 19, 2016
The fintech sector attracted $266 million in new capital the second week of August. HQ: Atlanta, Georgia. Bigstone Capital. Alt-credit score & risk management for financial institutions in emerging markets. HQ: Atlanta, Georgia. million to alt-auto-title lender Finova Financial. $17 Source: FT Partners.
Fintech Labs Insights
JANUARY 18, 2016
Derivative risk management. HQ: Atlanta, Georgia. Startup capital raising platform. Multi-family lending management. Tags: SMB, capital, crowdfunding, equity, investing. Source: Finovate. Latest round: $7 million Debt. Total raised: Unknown. HQ: Surrey, British Columbia, Canada. Source: Crunchbase.
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