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Bad Actors Emerge in PPP Lending – More Expected as Forgiveness Guidance Emerges

Abrigo

As expected, bad actors are surfacing, and financial crimes divisions of community financial institutions are struggling with the realization that loans rushed through may be fraudulent. In the case of the two men in Rhode Island, there were several red flags pointing to fraud. Industry officials warn it won’t be the last.

Lending 195
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23 VC-Backed Brick & Mortar Startups Changing The Face Of Main Street

CB Insights

Café X Technologies. Cafe X is a robotic cafe in San Francisco that serves premium coffee using mobile ordering and automation technology. It’s the first cafe of its kind from Cafe X Technologies, which is focused on increasing productivity in the service industry through automation. Total Disclosed Funding: $5.1M.

Maine 70
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Bringing The Farmers Market Online With Apps

PYMNTS

It offers delivery or convenient pickup locations in the community as it has partnerships with breweries, libraries and workplaces. At the same time, Tortora noted the technology has been adopted by farmers markets nationally (the company white labels its product as well). There is not a lot of noise like in Boston and New York.

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How Big Tech Is Finally Tackling Cybersecurity

CB Insights

We’re continuing to improve our defenses, and I think this also underscores that there are just constant attacks from people who are trying to take over accounts or steal information from people in our community.”. is a Boston-based startup that verifies government-issued IDs for third-party businesses. Confirm.io

Google 76
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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

Company: AOptix Technologies. Select VC Investors: Bill Gates, CapX Partners, Constellation Technology Ventures. Company: Powa Technologies. The Nectar system had its roots at MIT’s Microsystems Technology Lab — and may have simply left the lab a few years too early. via Beta Boston. via TechCrunch. via Fortune.

Capital 78