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Healthcare Tech Company Truepill Raises $75M To Expand

PYMNTS

Connecticut-based healthcare and FinTech investor Oak HC/FT led the funding. Also participating were existing investors Boston-based Optum Ventures, which offers capital and strategic guidance to startups; TI Platform Management LLC., The new service is expected to expand Truepill’s direct-to-patient capabilities.

Company 184
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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

PYMNTS

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. As a national charter, the bank can offer credit and cash-flow management, the company said. Since then, the skepticism has evaporated and the CEO of Varo Money Inc. , Varo Bank N.A. million.

National 172
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On Demand Pay Finds A Home In Financial Services

PYMNTS

Any number of variables can highlight how the traditional two-week pay cycle puts pressure on the management of household finances. He pointed to advancements in technology that allow people to tap into wages as they are earned to help alleviate financial stresses. Yet, in neighboring Connecticut, the top income tax rate is 7 percent.

Taxes 170
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Samsung Snags Auto Parts Supplier Harman For $8B

PYMNTS

The big buy of the Connecticut-based firm instantly vaults Samsung into the world of automotive technology in a big way. The largest auto suppliers boast revenues of $20 billion or more annually, meaning they are ideally suited to the capital-intensive world of giving automobiles a technological facelift.

Samsung 100
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PPP Lender Guidance Details How Borrowers Apply for a Second PPP Loan

Abrigo

Generally, receipts are considered “total income” (or in the case of a sole proprietorship, independent contractor, or self-employed individual “gross income”) plus “cost of goods sold,” and excludes net capital gains or losses as these terms are defined and reported on IRS tax return forms. Credit Risk Management. What's required.

Taxes 195
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55 US Companies That Became Unicorns In 2018

CB Insights

Select Investors: Tencent Holdings, Disney Accelerator, Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners, Vulcan Capital, ICONIQ Capital. Select Investors: Y Combinator, Sequoia Capital, Khosla Ventures, Kleiner Perkins Caufield & Byers, Wellcome Trust, GIC, SoftBank Group, DST Global. Valuation: $12B.

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Big Names Embark On Spring Hiring Sprees

PYMNTS

Home Depot is one of the few who have managed it – indeed, the $200 billion home-improvement merchant has even seen 135 percent growth in the last five years. The retailer has announced that it will be adding more than 1,000 new employees to its technology teams this year, increasing the size of its tech department by more than a third.

Vermont 100