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

Abrigo

The Department of Justice (DOJ) recently charged two businessmen in Rhode Island with fraudulently seeking PPP loans, the first in the country linked to the loan program. 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. C&I Loans.

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

At the same time, Tortora noted the technology has been adopted by farmers markets nationally (the company white labels its product as well). The company recently launched its service in Boston, where producers have to be able to drive to the city within two hours. 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

is a Boston-based startup that verifies government-issued IDs for third-party businesses. Amazon may use that underlying technology in its smart home products — including smart speakers — for added layers of protection. Beyond patent activity, Facebook acquired four startups in 2018, one with a cybersecurity focus.

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
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Rhode Island Governor Tapped As Biden’s Commerce Secretary

PYMNTS

President-elect Joe Biden has tapped second-term Rhode Island Gov. Raimondo , the first woman to be governor of Rhode Island, will lead the Commerce Department in setting trade policy and furthering U.S. Raimondo, 49, has degrees from Harvard and Yale Law School and was a Rhodes scholar. opportunities for growth.