PYMNTS

JULY 3, 2020

Commercial payments technology firm WEX landed a $400 million investment this week, but when it comes to venture capital, investors set their sights on B2B eCommerce, small business funding, payroll and more. PYMNTS breaks down the companies that did manage to secure funding, below. With a combined $43.3

Capital 161

Capital Fintech Security Operations 161

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.

Lending 221

Lending Trends Capital Strategy 221

Perficient

JUNE 30, 2022

As reported by the World Bank, in 2021 the GDP of The Bahamas was $9.91 In 2021, FTX, the crypto derivatives marketplace, made the decision to relocate from Hong Kong to the Bahamas. In 2022, FTX broke ground on its new headquarters in Nassau, the country’s capital. Billion, down 14.5% ( and down even more from the $13.16

cryptocurrency 472

cryptocurrency Regulation Conference Taxes 472

PYMNTS

DECEMBER 30, 2020

Many enjoyed huge first-day price pops, heating up the IPO market even more — and 2021 seems poised to only continue the fireworks. Reuters quoted unnamed sources as saying the offering would occur in early 2021, valuing the company at about $30 billion. Connected-economy companies led 2020’s surprisingly successful roster of U.S.

Marketing 198

Marketing Company Online Management 198

BankInovation

AUGUST 19, 2022

Fintech Arc announced Wednesday that it has secured $20 million in a series A funding round. The San Francisco-based startup’s platform gives software-as-a-service startups access to upfront capital and provides a cash management account to store and spend funds.

San Francisco 52

San Francisco Security Fintech Software 52

BankUnderground

APRIL 28, 2023

This post investigates whether large and small banks in the UK and US differ in the cyclical patterns of capital positions and credit provision. The reforms aimed to ensure that banks have sufficient capital resources to absorb losses and reduce the cyclical effects of bank capital (and regulation) on the supply of bank credit in stress.

Capital 78

Capital Lending US Data 78

BankUnderground

SEPTEMBER 8, 2022

The probability of an extreme stress event with losses above £91 billion (roughly 19% of CET1 capital) increased from 1% before the pandemic to 4.1% in 2021 Q4. Measuring capital at risk. In 2021 Q4, the CaR estimate was still above the pre-pandemic level and close to £31 billion. in 2020 Q2, subsequently falling to 1.7%

Capital 92

Capital System Policies Data 92

Bank Activities

JUNE 20, 2022

The $100 million Series B round was led by Mubadala Capital and supported by existing investors, EQT Capital, Partners DST Global, Cherry Ventures, and Felix Capital. The Series A round held in October 2021 secured $52 million from EQT Ventures, and the funds were used for a new product launch.

Security 41

Security Fintech Capital Company 41

PYMNTS

JULY 13, 2020

Crypto exchange Kraken , for example, plans to double its legal team’s size by 2021. Securities and Exchanges Commission (SEC) charged California’s Abra for failing to register before offering and selling securities-based swaps. And, the U.S. Abra, which works by letting users bet on price movements of listed U.S.

Taxes 170

Taxes Bitcoin Capital cryptocurrency 170

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

South State Correspondent

JANUARY 17, 2024

We focused mainly on customer profitability and used risk-adjusted return on capital as a proxy for profitability. Through this understanding of profitability and productivity, bank managers can set better strategies and tactics plus start to optimize the allocation of capital. increase in M/B.

Study 195

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CB Insights

NOVEMBER 11, 2021

The round drew participation from Salesforce Ventures, Cowboy Ventures, Leaders Fund, GGV Capital, Alkeon Capital Management, and ICONIQ Growth. California-based Drata helps companies automate their security and compliance processes. The company’s clients include Notion, FullStory, Amplitude, and Abnormal Security.

Compliance 53

Compliance Security California Capital 53

PYMNTS

DECEMBER 17, 2020

a South Korean digital bank, has chosen Credit Suisse and KB Investment & Securities as its advisors for its upcoming initial public offering (IPO), Reuters reported. The timing of the IPO hasn't been decided, although Reuters reported that analysts predict it will happen in the second half of 2021. Kakao Bank Corp. , billion).

Samsung 243

Samsung Digital Banking Security Fintech 243

PYMNTS

SEPTEMBER 21, 2020

In today’s top news in digital-first banking, Next Insurance is aiming to raise new capital that would value the FinTech startup at $2.25 Next Insurance Looks To Secure $250M Funding Round To Reach $2.25B Valuation. Alphabet-owned Capital G is reportedly in discussions to head up the $250 million funding round for the insurer.

Resources 223

Resources Capital Fintech Cards 223

PYMNTS

JANUARY 21, 2021

I n " A Look Forward: What Executives Wish for America and the World in 2021." She stresses the importance of small businesses fighting back against fraud in 2021 in order to achieve economic recovery. Well-funded and organized fraud operations, meanwhile, continued to amass more capital, manpower and technology.

Fraud 180

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PYMNTS

SEPTEMBER 27, 2020

With the more flexible nature of a BNPL payment, users might feel more secure in spending their money, even if they are being cautious due to the volatile economy. The Tracker notes that one in three eCommerce retailers is expected to offer some type of BNPL payment plan by the end of 2021.

Leadership 302

Leadership Millennials Retail Study 302

PYMNTS

SEPTEMBER 17, 2020

We continue to evaluate capital options and are excited about our industry position,” CEO Anthony Hsieh told Bloomberg. Securities and Exchange Commission (SEC). The company has determined not to pursue a public offering of the securities covered by the registration statement at this time,” LoanDepot wrote in its filing.

San Francisco 160

San Francisco New York Lending California 160

PYMNTS

SEPTEMBER 29, 2020

The Tata Group ’s app, on track to debut by year’s end or January of 2021, will offer food and grocery ordering, fashion and lifestyle, consumer electronics and consumer durables, insurance and financial services, education, healthcare and bill payments. “The Walmart Inc. On Monday (Sept. Sources told the news service that Tata Sons Pvt.,

Groups 199

Groups User Experience Capital Retail 199

PYMNTS

NOVEMBER 16, 2020

A Citibank senior analyst predicted that bitcoin could reach $318,000 by December 2021 in a report written for Citibank’s institutional clients, according to CoinDesk. Thomas Fitzpatrick’s report was leaked on Twitter Friday (Nov. 13) by user “ClassicMacro,” who noted in a tweet , “there is no edge in guessing targets so far in time with TA.

Bitcoin 296

Bitcoin Regulation Innovation Security 296

CB Insights

SEPTEMBER 7, 2021

Blockchain companies raised more venture capital and private equity funding in H1’21 than any full year in history. Custody, wallet, & digital asset services: These companies provide crypto asset storage, security, management, and investment products for institutions and consumers. download our best of blockchain research.

blockchain 101

blockchain Company cryptocurrency Examples 101

PYMNTS

JANUARY 19, 2021

19) that it has finished its sale of Cost Plus World Market (CPWM) to California-based private equity firm Kingswood Capital Management, according to a statement. Riley Securities Inc. The deal had been expected to close prior to the conclusion of Bed Bath & Beyond’s fiscal year end in February 2021. said on Tuesday (Jan.

Marketing 130

Marketing California Branding Capital 130

PYMNTS

AUGUST 14, 2020

The Canadian firm said it has a total of $77 billion in securities, cash and other available capital available when including uncalled capital commitments from clients, Bloomberg reported. However, the turmoil in the market impacted the company’s earnings in the quarter.

Management 131

Management United States Capital Retail 131

PYMNTS

OCTOBER 23, 2020

Lufax is planning to use IPO proceeds in a variety of ways, including product development, technology infrastructure, capital expenditures, acquisitions and global expansions, according to a Bloomberg report on Thursday (Oct. The offer is being led by Goldman Sachs, Bank of America, UBS, HSBC, and China PA Securities.

New York 181

New York America Capital Groups 181

PYMNTS

DECEMBER 17, 2020

Today is an exciting day, as we've accomplished our goal of putting rue21 on a secure financial footing in the most unprecedented of times," rue21 Chief Financial Officer Michele Pascoe said in an announcement. The retailer also opened three new physical retail shops, with another 15 in the works for 2021. million members.

Retail 141

Retail Pennsylvania America Capital 141

PYMNTS

JANUARY 25, 2021

The deal is expected to close in mid-year 2021. BofA Securities is serving as financial advisor to NCR and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel. NCR moved to acquire Cardtronics last week following acquisition talks with Apollo Global Management and Hudson Executive Capital.

Software 204

Software ATM America Retail 204

Independent Banker

APRIL 30, 2022

Number of applications filed to form new businesses in 2021, the most of any year on record. billion in commercial loans outstanding at the end of 2021. Pent-up demand and access to capital drove record levels of dealmaking last year in both commercial real estate and the mergers and acquisitions (M&A) sector. Quick Stat.

Lending 158

Lending Community St. Louis Community Bank 158

Bobsguide

JUNE 13, 2022

Murex , the global leader in trading, risk management and processing solutions for capital markets, is thrilled its integrating MX.3 3 platform has topped the IBS Intelligence Sales League Table 2022’s Wholesale Banking | Treasury & Capital Markets category for the fourth year running. in capital markets. re-platforming?in

Capital 78

Capital Leadership Risk Management Regional 78

PYMNTS

MARCH 15, 2020

CashInvoice said anticipated growth will enable it to self-finance an initial public offering (IPO) in 2021. the Securities and Exchange Commission (SEC) is planning to introduce an initiative that will lower the entry bar for startups to raise capital via crowdfunding by raising the crowdfunding limit to $5 million from $1 million.

Capital 131

Capital Fintech Innovation Company 131

PYMNTS

DECEMBER 27, 2020

Securities and Exchange Commission approved a plan by the New York Stock Exchange to approve “direct” listings by companies, which let companies come to market without the underwriters (typically) large banks that charge hefty fees to bring the deals to the Street and reach institutional and retail investors. Earlier in the month, the U.S.

New York 270

New York US Examples Training 270

Abrigo

JUNE 4, 2019

PBE that is NOT an SEC filer: December 15, 2020: Similarly, for institutions that have a calendar year fiscal year, the standard is effective January 1, 2021, and the new standard should be applied in financial statements and regulatory reports for the quarter ended March 31, 2021. Non-PBE: December 15, 2021.

Policies 186

Policies Capital Report FDIC 186

Abrigo

OCTOBER 21, 2021

Currently, the Fed is purchasing $40 billion in mortgage-backed securities and $80 billion in Treasury bonds each month. Chairman Powell indicated that this action would likely be tapered in the final quarter of 2021 with a formal announcement expected later this quarter. for August 2021, up 4.3% The PCE price index was up 0.4%

Lending 195

Lending Strategy Trends Marketing 195

PYMNTS

OCTOBER 1, 2020

There is a working capital benefit a card gives that supports both the buyer and supplier. The supplier gets guaranteed payment, and the buyer now gets some additional working capital. More efficient working capital management is especially desirable as the pandemic stretches on longer than most observers would have imagined.

Capital 193

Capital Payments Cards Groups 193

PYMNTS

JANUARY 26, 2021

Rental security deposit insurance startup Rhino , based in New York City, has raised $95 million to help reach its goal of saving renters $500 million in 2021. Rhino's flagship product is security deposit insurance, which is a direct replacement for a cash security deposit.

New York City 151

New York City New York Security Resources 151

PYMNTS

OCTOBER 20, 2020

However, AMC said its financial outlook remains grim, and that without either a major injection of liquidity or a “significant” uptick in attendance at its cineplexes, it may be forced to file for bankruptcy, according to the firm’s filing with the Securities and Exchange Commission (SEC).

Meeting 140

Meeting Capital Regulation Security 140

Bank Activities

JUNE 28, 2022

In its latest round, Allica Bank secured a total of £55 million in debt and equity funding. The fintech challenger bank for SME businesses secured £30 million Tier 2 capital from the British Business Investments, a subsidiary of the British Business Bank.

Capital 34

Capital Lending Security Fintech 34

PYMNTS

APRIL 14, 2020

. “Cisco’s customers and partners are under enormous pressure to keep their businesses connected while remaining productive and secure,” said Chairman and CEO Chuck Robbins in a statement Tuesday (April 14). ” Cisco Capital, the company’s vendor financing division, will provide $2.5

California 151

California Operations Community Software 151

Abrigo

JULY 20, 2021

However, note that in August, the SBA is transitioning its Fiscal Transfer Agent (FTA) for the 7(a) loan program from Colson Services to Guidehouse, a Chicago-based management consulting firm that will migrate the technology programs to SBA’s Capital Access Financial System (CAFS). Find Out More. Conclusion.

Lending 195

Lending FDIC Capital Risk Management 195