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Mastercard Commits $500M To Boost Black Communities, Businesses

PYMNTS

Mastercard said it will invest $500 million in Black communities across the U.S. The new initiative will include “concentrated investments that will focus on providing Black-owned businesses and Black people access to affordable financial tools and capital,” Mastercard said in a news release. Louis and Dayton, Ohio.

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Main Street SMBs, Digital AP, GoodRx’s IPO Tops This Week’s News

PYMNTS

Mastercard Expands Digital Card Program To Include Instant Access, eWallet . Mastercard has grown its Digital-First Card Program in North America as demand rises for digitally-driven money management offerings. MineralTree bought Atlanta-based Regal Software and California FinTech Inspyrus. Trackers And Reports.

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Fintech Fundings: 30 Companies Raise $100 Million Week Ending Dec 11

Fintech Labs Insights

BankersLab received an undisclosed investment towards its commercial lending training & compliance tools. Real estate lending marketplace. HQ: Atlanta, Georgia. Source: MasterCard. Lending training & compliance platform. Tags: Remittances, PFM, financial literacy, MasterCard (sponsor). GroundFloor.

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Finovate Spring 2018 – Day 2

William Mills

A TON of really old technology is being used in mortgage lending. Scott Graf is one of the presenters, a great, smart exec from Atlanta. These folks have raised more than 0 million in funding ( 1/2 from MasterCard). ^WM. Their platform integrates with common mortgage loan origination systems. Good job AI Foundry! See you then.

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Finovate Fall 2016 Live Blog – Day 1

William Mills

Command center for small business lending. This triggers activity and lending platform. First product is small business lending using machine learning. Folks, the mortgage lending industry is at least 7 years behind the rest of the financial industry because of the great recession. Michael is approved.

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