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California BanCorp Launches Treasury Management Consultancy

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California BanCorp , the holding company for California Bank of Commerce (CBC), has announced the launch of a Treasury Management Consultancy to enable firms to manage their liquidity, utilize excess cash for better investments and reduce financial risks. “We

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Initialized Capital Management’s Fifth Fund Notches $230M

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Initialized Capital Management has notched $230 million for Initialized V , the California venture firm’s fifth fund, which is geared toward backing early-stage companies, Bloomberg reported. Initialized Capital Management Co-Founder Garry Tan told Bloomberg, “We love finding tomorrow’s unicorns.”.

Capital 255
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California Truckers Continue Legal Fight Against Gig Worker Law

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Legislation in California that aims to expand worker protections for so-called gig economy workers has led to a debate in the state’s freight services market and a lawsuit hoping to block the law. New legislation in California, set to take effect in January, was met with resistance from the California Trucking Association (CTA), Yahoo!

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Uber Readies Q3 Earnings As California Voters Give The Firm A Big Boost

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5) just as the company’s stock is soaring on the election victory of Proposition 22, a California referendum to exempt ridesharing companies from the state’s AB 5 gig worker law. Shares of Uber and other gig economy companies were rallying a day after California voters backed Prop 22. London Reprieve.

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Trustly Nets Capital Infusion From Blackrock-led Investment Group

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The BlackRock-led group is injecting capital into Trustly at a time when the company is building out its network, which enables merchants to accept bank transfers with the same ease as they now take credit card payments. Citigroup Global Markets Limited also took part in the transaction, acting as a financial advisor.

Capital 131
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SMB Financing Fuels Week Of B2B Venture Capital

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Bad news hit the startup community this week as new analysis from CBInsights revealed a significant decline in venture capital (VC) funding in the first quarter of 2020. In addition to invoice finance, the company offers SMBs a range of other solutions, including order management and online payments tools. Apollo Agriculture.

Capital 141
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Facebook's Libra Hires HSBC Veteran As Managing Director

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The Libra Association has named James Emmett as managing director of Libra Networks, the association’s operating company subsidiary. Mint’s decision to phase out the production of pennies next year, a partner at Andreessen Horowitz, a California-based venture capital firm, said money will be digital by 2030.