PYMNTS

JANUARY 6, 2020

In today’s top news, China is facing a “capital winter” of venture funding slowdown, the U.S. prepares for a potential Iranian cyberattack, and businesses are expected to spend $55 billion to become compliant under the California Consumer Privacy Act. Chinese Tech Sector Faces Capital Crunch. billion ($2.5

Capital 131

Capital Las Vegas US California 131

PYMNTS

JUNE 15, 2020

Square Capital LLC processed more than $820 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans in six weeks, the firm reported. Last year, Square Capital did $2.3 Of that number, 60 percent of the borrowers had never before received a loan through Square Capital.

Capital 141

Capital San Francisco New Jersey Massachusetts 141

PYMNTS

JUNE 10, 2020

The BlackRock-led group is injecting capital into Trustly at a time when the company is building out its network, which enables merchants to accept bank transfers with the same ease as they now take credit card payments. Citigroup Global Markets Limited also took part in the transaction, acting as a financial advisor.

Capital 131

Capital Groups California Online 131

PYMNTS

AUGUST 28, 2019

California Trucking Weighs In. This week, reports in Capital Public Radio in California noted a legislative proposal that would classify independent truckers as employees, not as contractors — the opposite of what the Labor Department stated in its opinion. State governments are grappling with this debate, too.

California 116

California Taxes Industry New York 116

PYMNTS

MAY 22, 2020

Bad news hit the startup community this week as new analysis from CBInsights revealed a significant decline in venture capital (VC) funding in the first quarter of 2020. Asia Capital & Advisors led the round, reports said, while Global eTrade Services and Curzon Investments also participated. Apollo Agriculture.

Capital 141

Capital Analytics Fintech Report 141

PYMNTS

FEBRUARY 25, 2016

24) that it has launched in California. s fasted growing startup, WorldRemit said it has set its sights on California, as the state is home to one in four migrants in the U.S. California will also stand as the company’s second largest market to date. Mobile money transfer service WorldRemit announced Wednesday (Feb.

California 100

California Mobile Marketing Strategy 100

American Banker

DECEMBER 16, 2020

First Technology FCU, led by a former banker, stands ready to raise fresh capital by issuing subordinated debt. But first it must wait for a rule change from the National Credit Union Administration that's drawing fierce opposition from the banking industry.

Capital 76

Capital California National Industry 76

American Banker

DECEMBER 19, 2023

Led by veteran banker Stephen Gordon, Genesis Bank in Newport Beach, California, plans to use the funds pledged by private equity firms and other investors to roll up community banks in the Western U.S.

California 50

California Community Bank Community Capital 50

PYMNTS

JULY 20, 2018

California lawmakers are considering legislation that would extend disclosure requirements currently required by consumer lenders to lenders of small business loan products, according to Manatt, Phelps & Phillips, LLP. The bill was cleared by the Senate in May, and is closing in on a vote in the state Assembly.

California 100

California Los Angeles Lending Regulation 100

American Banker

AUGUST 23, 2023

East West Bancorp chief Dominic Ng long faced skepticism from analysts who had questioned his conservative approach to capital allocations — a strategy that has helped his Pasadena-based bank weather decades of ups and downs in the banking industry and survive amid the collapse of other California banks this spring.

California 36

California Strategy Capital Industry 36

TheGuardian

MARCH 19, 2023

Robert Reich, a former US secretary of labor, is professor of public policy at the University of California, Berkeley, and the author of Saving Capitalism: For the Many, Not the Few and The Common Good. Jamie Dimon, chair and CEO of JPMorgan Chase, the biggest Wall Street bank, will probably make much more.

US 80

US Capital California Policies 80

PYMNTS

MAY 28, 2018

The parent company of Eddie Bauer and Pacific Sunwear of California is considering a merger of the two retailers in an effort to consolidate stores, as well as survive a prolonged downturn in the American brick-and-mortar retail sector. Eddie Bauer also declined to comment, while Pacific Sunwear could not be reached for comment.

Capital 100

Capital California Retail Washington 100

PYMNTS

SEPTEMBER 12, 2019

Also, Uber will reportedly fight the recent passage of controversial labor legislation in California per reports. Robert Chapman, founder of California investment firm Chapman Capital, said per reports , “It is reasonable to conclude that a relatively large acquisition by Groupon is forthcoming,”.

California 116

California blockchain Google Payments 116

CB Insights

AUGUST 17, 2021

The round drew participation from Sequoia Capital, Tiger Global Management, General Atlantic, SoftBank Group, and Dragoneer Investment Group. California-based Chime collaborates with regional banks to create member-centric financial products, coining itself as a financial technology firm rather than a bank. Want the full post?

Capital 78

Capital Operations California Regional 78

PYMNTS

MAY 25, 2018

Venture capital activity in the B2B space found software and data management firms securing funding. Separately, Valimail , a California-based email authentication firm, stated that it raised $25 million through Series B financing. million open source packages. Funding will be used for growth across Canada and Latin America.

Capital 108

Capital Software California Data 108

CFPB Monitor

SEPTEMBER 8, 2020

We previously wrote about California Governor Newsom’s 2020-2021 Budget and an accompanying trailer bill that would rename the Department of Business Oversight (“DBO”) and significantly increase its ability to oversee financial services providers in the state. California Consumer Financial Protection Law. Register here. the “CFPA”).

California 78

California Innovation Regulation Report 78

American Banker

FEBRUARY 12, 2020

Capital Corps, founded by former Banc of California CEO Steven Sugarman, wants the minority-run Broadway sold to a buyer that serves low- and moderate-income borrowers.

California 65

California Groups Capital Community Bank 65

PYMNTS

SEPTEMBER 22, 2020

The initiative is being led by Goodwater Capital, the Silicon Valley tech investor; Founders Fund, the San Francisco-based venture capital firm; Floodgate, the venture capital company of Palo Alto, California; and New York-based Raine Group LLC, the global merchant bank focused on tech companies. .

San Francisco 225

San Francisco social media California New York 225

Bank Innovation

JANUARY 17, 2018

Goldschmidt co-founded the California-based Pivotus Ventures two years ago. The venture capital firm, which is a subsidiary of Umpqua Holdings Corp, is self-described as an “innovation studio with imagining and creating key […].

San Francisco 281

San Francisco Innovation California Capital 281

PYMNTS

JANUARY 19, 2018

As such, automakers are hitting the venture capital highway in droves. In the rideshare arena, InMotion , Jaguar Land Rover’s venture capital arm, invested $25 million in a $600 million funding round for Lyft in 2017. The number of automaker-backed investments seems to have skyrocketed overnight. Ridesharing. Self-Driving Taxis.

Capital 109

Capital Las Vegas San Jose California 109

PYMNTS

JULY 18, 2018

eBay is gearing up to slash close to 300 jobs in California, with the cuts slated to be completed by July 20. RBC Capital Markets estimates Amazon made between $1.5 In the notice to the EDD, Amir Vonsover, an eBay employment counsel, wrote, “eBay will conduct a mass layoff.” billion.

California 101

California San Jose San Francisco Retail 101

PYMNTS

APRIL 7, 2017

This week, the two countries were the only markets that landed on the B2B venture capital board, with funding landing at SaaS, Big Data and procurement startups across a range of industries, from corporate social media management to marijuana procurement. PYMNTS breaks down the $24 million in venture capital raised. Honorable Mention.

social media 109

social media Big Data Capital Data 109

PYMNTS

OCTOBER 20, 2017

Backers at Meritech Capital Partners and Lead Edge Capital led the Series D investment round, according to TechCrunch news, while Index Ventures and Workday also participated. This California-based startup has a particular cybersecurity focus: payments fraud. Cybersecurity. Duo Security. Blockchain. Digital Asset.

Capital 109

Capital blockchain Fraud Security 109

Bank Innovation

AUGUST 25, 2017

The funding round was led by Menlo Park, California-based venture capital firm Greylock Partners. Other investors included Emergence Capital, 8VC, Lightspeed Venture Partners, and Nyca Partners. Based in San Francisco, Blend was established […].

San Francisco 225

San Francisco Technology California Capital 225

PYMNTS

JANUARY 19, 2018

The hot topics in B2B venture capital these days are often cutting-edge technologies like blockchain and data analytics. Indeed, these spaces secured significant funding in this week’s B2B venture capital roundup. A $40 million Series D funding round makes California’s Anomali one of the VC leaders of the weak.

Capital 118

Capital blockchain Big Data Data 118

CB Insights

FEBRUARY 1, 2019

Although startups based in California, New York, and Massachusetts have traditionally accounted for the majority of VC tech investment in the US, VCs are spurring other hotbeds of innovation across the country. We excluded debt deals and only considered venture capital, corporate venture capital, super angel, and growth equity firms.

United States 78

United States Capital DC Rhode Island 78

CB Insights

JULY 12, 2021

The round drew participation from Spark Capital, SV Angel, Craft Ventures, and Google Ventures, among others. California-based Instawork provides a flexible employment solution for businesses looking to hire hourly workers. Instawork , an on-demand staffing platform, has raised $60M in a Series C. HOW’S THE COMPANY PERFORMING?

Capital 67

Capital Company United States California 67

Bank Innovation

JANUARY 5, 2018

The California-based Wealthfront, which relies on software and algorithms to fuel investments for its clients rather than the traditional human middlemen, will use the capital to keep the […].

Millennials 225

Millennials California Software Capital 225

PYMNTS

NOVEMBER 24, 2020

The combined company, to be led by Metromile CEO Dan Preston , will have a pro forma market capitalization of approximately $1.3 Investors Social Capital, Hudson Structured Capital Management, Miller Value, Clearbridge and Mark Cuban have committed to investing $160 million through a private placement of INSU II Class A common shares.

Arizona 264

Arizona Pennsylvania Capital Washington 264

PYMNTS

JULY 29, 2019

Proposed regulations would give small businesses in California the nation’s most extensive set of truth-in-lending protections for small business borrowers. . In 2018, California began the journey of establishing lending transparency for small businesses in the state.

Lending 182

Lending California Comparison Regulation 182

PYMNTS

FEBRUARY 7, 2020

In PYMNTS’ latest B2B venture capital roundup, which yielded $75 million in new funding, startups embraced distributed ledger technology for B2B payments and supply chain management, with 80 percent of total funding landing at blockchain companies. ClearMetal.

blockchain 247

blockchain Fintech California System 247

American Banker

JUNE 13, 2023

The Roseville, California institution is expanding into the Bay Area in hopes that it can land new clients and lenders in the wake of two large regional failures there this year.

San Francisco 41

San Francisco Capital California Regional 41

PYMNTS

JULY 13, 2020

Securities and Exchanges Commission (SEC) charged California’s Abra for failing to register before offering and selling securities-based swaps. But both men later settled charges that they had failed to disclose what they had been paid for backing it. And, the U.S.

Taxes 170

Taxes Bitcoin Capital cryptocurrency 170

CB Insights

JUNE 22, 2021

Eltropy , a messaging platform for financial institutions, has raised $21M in a Series A that drew participation from K1 Capital, among other investors. California-based Eltropy enables financial institutions like credit unions and banks to engage digitally through its platform. How’s the company performing? Want the full post?

Capital 37

Capital California Analytics System 37

PYMNTS

JANUARY 15, 2021

In today’s top digital-first banking news, Goldman Sachs has selected FinTech startup Marqeta to power digital checking accounts for Marcus, while California credit card startup X1 notched $12 million in a funding round headed up by Spark Capital. X1 Card Raises $12 Million In Funding Round Led By Spark Capital.

Cards 152

Cards California Capital Tools 152

BankInovation

AUGUST 10, 2021

The San Mateo, California-based startup raised $210 million in a funding round led by Altimeter Capital, Sapphire Ventures, B Capital Group and Tiger Global Management, he said. […]. FalconX, a cryptocurrency and digital-asset trading platform, has more than quintupled its valuation in five months to $3.75

cryptocurrency 98

cryptocurrency California Capital Groups 98

BankInovation

MARCH 10, 2023

Silicon Valley Bank was taken over by regulators today following a week of abnormality that included a sale of securities on Wednesday, capital raising efforts on Thursday and a stock plummet of nearly 70% this morning.

California 52

California Data Capital Regulation 52