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Small business lending insights Vol. 1

Abrigo

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
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NXTsoft’s Connectivity as a Service positions Financial Institutions to Capitalize on Unbundling

Bobsguide

April 4, 2022 – NXTsoft , a company focused on data connectivity, data analytics, data management and data migration announced plans today to accelerate adoption of leveraging APIs to automate and easily access data through a zero-integration effort called Connectivity as a Service for financial institutions and FinTechs. Birmingham, Ala.

Capital 146
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NCR Looks To Buy ATM Operator Cardtronics For $1.7 Billion

PYMNTS

He added that Cardtronics’ debit network complements NCR’s payments platform and the combined new entity will offer a comprehensive connection of retail and bank customers “while capitalizing on the banking industry’s transition toward infrastructure outsourcing.”.

ATM 172
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NCR Makes Play For Cardtronics Despite Rival Private Equity Deal

PYMNTS

In mid-December, Cardtronics announced a $35 per share offer from an entity owned and controlled by private equity firms Apollo Global Management and Hudson Executive Capital. 7 Cardtronics filing with the Securities and Exchange Commission (SEC) stated. NCR is based in Atlanta. per share in cash,” a Jan.

Houston 192
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Ionic Security Picks Up Big Investment From Amazon And Goldman Sachs

PYMNTS

Atlanta-based Ionic Security has just bagged $45 million in VC funding in a round that included Amazon, Goldman Sachs and Hayman Captial as new investors and existing investors GV, Icon Ventures, Kleiner Perkins Caufield & Byers, Meritech Capital Partners and Tech Operators.

Security 100
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NXTsoft Names Chuck Diulus as Chief Revenue Officer

Bobsguide

He has held a variety of sales and management positions for Mellon Network Services, Elan, Fiserv, FIS and other industry-leading companies. I look forward to working with all facets of the organization to capitalize on their momentum in the space and to continue to grow the company with great success,” he said. About NXTsoft.

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Cybersecurity Unicorn Steals The B2B Investment Show

PYMNTS

WannaCry’s explosive impact on the industry has enterprise security on everyone’s mind, and this startup is now a unicorn because of that attention, closing $100 million in Series D financing. Supply Chain Management. supply chain management company AKUA announced $3 million in Series Seed financing this week. Cash Management.

Capital 154