Remove Capital Remove Denver Remove Taxes
article thumbnail

Greenline Ventures Launches New Small Business Fund

PYMNTS

Denver-based Greenline Ventures is opening up a new fund to help finance small businesses in the U.S. Small businesses continue struggling to access the capital required to effectively operate and grow — particularly businesses located in low-income communities,” said Greenline Ventures President Patrick Vahey in a statement.

Denver 100
article thumbnail

The Dawn Of A Cashless Global Economy?

PYMNTS

There are issues of transaction security, criminal elements, tax evasion, free flow of capital, access to goods and services and the ability to fully participate in the global economy. In Colorado alone, pot is expected to pour an estimated $120 million in tax revenue into state coffers this year.

Taxes 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Cannabis Dispensary SaaS Provider Baker Technologies Raises $3.5M

PYMNTS

The funding will help with upfront capital provided to those farmers. Within banking, SolarisBank garnered $28 million, with venture capital provided by Arvato Financial Solutions, among others, which will be taken to expand the European technology platform, furthering geographic reach. Hint: It grew rapidly.)

article thumbnail

The top-performing community banks of 2021

Independent Banker

3-yr average pre-tax ROA. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. pre-tax ROA: 2.68%. Molly Bennett, executive editor, Independent Banker.

article thumbnail

Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

Finally, resolution of failing financial institutions requires that the deposit insurance fund be strongly capitalized with real reserves, not just federal guarantee.” But, no worries, right, AOCI was excluded in regulatory capital ratio calculations, and we could hide some of that interest rate risk in HTM securities.

FDIC 78
article thumbnail

Fintech Fundings: 30 Companies Raised $330 Million First Week of August

Fintech Labs Insights

The fintech sector attracted $332 million in new capital the first week of August. Four of those came out of the most recent batch of companies launched from accelerator 500 Startups , where each received $125,000 in seed capital. Middle market capital matchmaker. HQ: Denver, Colorado. Self-employment tax payments.

article thumbnail

242 Startup Failure Post-Mortems

CB Insights

“The initial 7 years were all about having negative working capital, positive cash flow and a sustained ability to fund our own growth. I started treasuring GMV, room-nights and other ‘vanity’ metrics instead of the fundamentals of cash flow and working capital,” he explained. Those were the only metrics we tracked. Product: Bridj.

Company 78