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UK BaaS Railsbank Closes $37M Funding Deal To Support US Growth

PYMNTS

banking-as-a-service (BaaS) Startup Railsbank closed a $37 million funding deal co-led by MiddleGame Ventures and Ventura Capital. Also participating in the round were Anthos Capital, Global Brain, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan and Firestartr. “We

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Starbucks New Investor: Pershing Square Capital Management

PYMNTS

Pershing Square Capital Management, the activist hedge fund controlled by activist investor William Ackman, now has about a 1.1 percent stake in Starbucks. The Wall Street Journal noted Ackman said he thinks same-store sales have been positive on a consistent basis and that the market in the U.S.,

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Silicon Valley Bank Failure – Lessons in Interest Rate Risk Management

South State Correspondent

The abrupt collapse of Silicon Valley Bank (SVB) is a stunning example of bank leadership not understanding interest rate risk, running into trouble with an inverted yield curve, and ignoring the impact of a severe monetary correction on long-duration assets. That combination made their liabilities very sensitive to safety.

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TS Imagine Strengthens its Marketplace Leadership with Non-Exec Board Appointments

Bobsguide

LONDON, 14 July 2022 – TS Imagine , a global leader in trading, portfolio, and risk management solutions for capital markets, announces the appointment of three new board members to support the firm’s rapid growth. He brings over 30 years of banking experience and was previously CEO of Scotia Capital in the US.

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Bain Capital Hires Keri Gohman As An Operating Partner

PYMNTS

Bain Capital Ventures announced it has hired FinTech industry veteran Keri Gohman as an operating partner. Gohman will work across the firm’s FinTech portfolio to provide strategic counsel, as well as partner with leadership teams to boost business growth.

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US B2B FinTech Firms Lag With VC Investors

PYMNTS

EnKash said it also plans to bolster its leadership team with the new investment. Spain-based Holded provides a Software-as-a-Service (SaaS) solution designed to help SMBs manage their back offices. Existing backers, Nauta Capital and Seedrocket 4Founders Capital, also participated. The company raised $6.7

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Press Release: BankBazaar Marks Third Year of Growth; Hits Rs. 215 Crore Revenue

BankBazaar

Adhil Shetty, Co-founder and CEO of BankBazaar, commented on the company’s growth, stating: “BankBazaar’s strong foundation has enabled us to continue our growth trajectory, achieving 36% growth in FY24 on the back of 54% and 63% year-on-year growth in FY22 and FY23 respectively. The company has raised around USD 116 million in equity so far.