What happened to capitalism?

Chris Skinner

Well, if you’re in a … The post What happened to capitalism? I’ve spent my life in an economy that focuses upon money, greed, growth and profit … what was that all about?

Supply@ME Capital To Acquire SMB Commodities Trader TradeFlow Capital Management


Trade finance shop Supply@ME Capital will acquire TradeFlow Capital Management , a Singaporean player in the space that primarily serves small- to medium-sized businesses (SMBs), according to a press release.


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Sequoia Capital to Debut Consolidated Fund for VC


Sequoia Capital, one of the oldest venture capital firms, is putting together a restructured, single fund to be called the Sequoia Fund, the Financial Times (FT) reported. venture capital fund increased by 88.1%

Capital One Eyes Testing BNPL Waters With POS Offering


Capital One will be testing out a buy now, pay later (BNPL) product as consumer loans see rising competition, Reuters reported. Buy Now Pay Later buy now pay later Capital One loans News What's Hot

10 Keys to AI Success in 2021

Capitalizing on the incredible potential of AI means having a coherent AI strategy that you can operationalize within your existing processes. Learn how organizations are overcoming hurdles and realizing the enormous rewards that AI can bring to any organization.

Borderless Capital Debuts $500M Fund for DeFi, NFT Investments Built on Algorand Blockchain


Borderless Capital will be debuting a new $500 million fund to develop projects built on the Algorand blockchain, CoinDesk reported. This is the newest capital infusion for Algorand in just the last few days as ex-Citi exec Matt Zhang has also announced a $1.5

Trade Finance Platform Drip Capital Raises $175M in Series C


Digital cross-border trade finance platform Drip Capital raised $175 million, including $40 million in a Series C funding round and $135 million in warehouse debt facilities, according to press release on Thursday (Oct.

Dignari Capital Gives $50M To Sheng Ye Capital For SCF Innovation


Dignari Capital has agreed to provide $50 million to Sheng Ye (SY) Capital in a strategic collaboration to explore new supply chain finance options for small- to medium-sized businesses (SMBs), according to a press release.

Axele, Apex Capital Team On Carrier Accounting


Transportation management system (TMS) company Axele will be doing a new strategic partnership with Apex Capital , integrating its TMS with Apex’s freight factoring solution, a press release said Wednesday (April 28).

Stripe Capital Extends Business Lending To Online Platforms


Payments giant Stripe is taking Stripe Capital , its push into online business finance and lending, to the next level. Stripe Capital first got off the ground in September 2019, offering customers and businesses financing options through its online platform.

Capital Assessment, Capital Planning Are Critical as Coronavirus Creates Chaos


Key Takeaways Stress tests and capital planning are vital to financial institutions in volatile times like these, when the coronavirus and pressures on the energy sector result in a financial crisis. Current environment = Challenging stressed capital planning.

A post-pandemic path forward for banking and capital markets


In my last post, I talked about the significant impact of COVID-19 on the banking and capital markets (B&CM) value chain and how leaders are in a unique position to respond, reset and renew the finance function to lead confidently in the post-pandemic era.

HSBC Teams With Walmart On Working Capital Diversity


On Monday, August 9, HSBC Bank announced a collaboration with Walmart to help make working capital access more affordable and transparent. Read More: HSBC is the First Bank to Join Walmart’s Initiative to Improve Access to Working Capital for Diverse and Minority Suppliers in the US.

Turkish Grocery Delivery App Getir Adds More Investment Capital


billion in fundraising with new capital from one of its existing investors, according to a Bloomberg report on Monday (Sept. Investments delivery funding Getir grocery international News Venture Capital What's HotGetir, the Turkish grocery delivery app, has now topped $1.1

COVID-19’s impact on banking and capital markets


The COVID-19 pandemic has had a significant impact on the banking and capital markets (B&CM) industry as liquidity, rates and fees continue to be stressed and regulatory and business-driven demands evolve rapidly. Uncategorized Banking Capital Markets COVID-19

How does international capital flow?


Understanding gross capital flows is crucial for both macroeconomic and financial stability policy. However, theory is lagging behind empirical work , as much of the literature continues to rely on net capital flow models developed many decades ago.

Melio, Capital One Team On AP Management Tools


Small business B2B payments company Melio will work alongside Capital One to give more access for accounts payable (AP) and accounts receivable (AR) cash flow management tools, a press release emailed to PYMNTS on Tuesday (June 15) said.

Capital One’s Eno evolves to give proactive advice 

Bank Innovation

Capital One is determined to turn its digital assistant Eno into an affable, personal finance watchdog to build loyalty between the brand and customers. Automation Carousel Daily Post 1 Innovation Strategy Payments Product Design Retail Banking Capital One chatbot conversational AI Eno

Argentine fintech Ualá buys Mexican bank ABC Capital


Argentine financial services startup Ualá has reached an agreement to buy Mexican bank ABC Capital SA, as part of its bid to keep growing abroad. Retail Banking ABC Capital Bloomberg fintech Uala

Bain Capital PE To Buy B2B Medical Tech Marketplace PartsSource


Bain Capital Private Equity plans to purchase PartsSource , a business-to-business (B2B) marketplace for medical technology replacement parts and services. B2B Payments B2B Bain Capital Private Equity Healthcare News PartsSource What's Hot In B2B

Serent Capital Starts New Fund; Bullish On B2B Payments Category


Like many venture capital companies in the payments space, Serent Capital has had a busy year. 15 with the announcement of the launch of its fourth fund, Serent Capital IV — at $750 million. B2B Payments B2B Investments News Procurement Partners Serent Capital Serent Capital IV

Mastercard Helps Businesses Unlock Working Capital With New Supply Chain Finance Offering


In the ongoing drive to help businesses access new sources of capital, Mastercard has launched today (Oct. Mastercard has partnered with Demica , one of the world’s largest working-capital financial technology firms.

Ripple Invests $25M in Blockchain Capital

Bank Innovation

Enterprise blockchain provider Ripple has made a $25 million investment in blockchain startup, Blockchain Capital, the company announced today. The growth of Blockchain Capital’s fund, which is now hovering at $150 million, will help support entrepreneurs and startups in the space. Capital Cryptocurrency Online Payments BlockChain Blockchain Capital cryptocurrency funding Investment Ripple

B2B Payments Today: Trade Credit Diverges From BNPL Path; Greenbox Capital Acquires Alt Lender


Today in B2B payments, Behalf explores trade credit’s path to innovation, and Greenbox Capital acquires Level Up Funding. SMB Working Capital Firm Greenbox Capital Buys Level Up Funding. India Adopts Factoring Bill To Help SMBs Secure Working Capital.

Banks should capitalize on saved time to empower RMs


The post Banks should capitalize on saved time to empower RMs appeared first on Accenture Banking Blog. No matter what job you have, time is your most precious resource. For relationship managers (RMs) in commercial banking, this is certainly true.

Argentinian FinTech Uala Buys ABC Capital for Ongoing Expansion


Ualá, an Argentine financial services firm, has reached an agreement to buy ABC Capital, a Mexican bank, which will allow it to boost expansion and growth plans in Mexico, Reuters reported. Partnerships / Acquisitions ABC Capital acquisitions international mexico News Uala What's Hot

JPMC: Why Working-Capital Trade Finance Is On The Rise


Many firms, particularly larger ones, find themselves in “a strong and stable position” from a cash and liquidity perspective as a result of their greater access to capital and credit markets.

Hopper Lands $170 Million, Launches Travel Partnership With Capital One


Mobile travel app Hopper has pulled in $170 million in additional venture funding fueled by its new partner in the travel industry, Capital One. Hopper said the goal is to create Capital One Travel for the banking giant’s cardholders, according to a Wednesday (March 24) press release.

DayTek Capital Granted Banking License In Australia


DayTek Capital , an Australian challenger bank known for its prepaid “Infinity” card, has been granted a banking license by the country’s Securities and Investments Commission, a report from AltFi says.

Credit Suisse Suspends Investment Funds Linked To Greensill Capital


Credit Suisse Group AG has frozen $10 billion in investment funds that have powered Greensill Capital , which focuses on supply chain finance, a kind of cash advance. B2B Payments B2B Credit Suisse funding Greensill Capital Investments News What's Hot In B2B

Porter Capital Offers New Funding Tools To PPP Recipients


Porter Capital , which works with accounts receivable (AR) financing and asset-based lending solutions, will provide more funding for businesses in need of extra money from their current Paycheck Protection Program (PPP) funds, according to a press release.

Serent Capital Invests In Procurement Partners


Procurement Partners , which works on procure-to-pay (P2P) services for healthcare providers, has received an investment from Serent Capital , according to a press release. B2B Payments B2B Healthcare Investments News Procurement Partners Serent Capital What's Hot In B2B

Bain Capital Nets $800M For Business Impact Funding


Bain Capital has raised $800 million for a social impact fund — a category of investment vehicles whose stated objectives are to advance social or corporate governance policies in addition to turning profits, the Wall Street Journal reported. Investments bain capital funding News What's Hot

Porter Capital Launches Help For Staffing Companies


Porter Capital and Porter Freight have launched new products to help staffing companies and essential workers, a press release said on Monday (April 19). Porter Capital has recently boosted its line size to a range of $5,000 to $20 million.

FinTechs Tout Corporate Cards’ Working Capital Opportunity


With corporate card products offering an opportunity for businesses to manage their working capital, service providers have explored new opportunities to promote adoption of the payment tool.