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SMB Card FinTech Bucks Coronavirus Uncertainty With Funding

PYMNTS

It’s too soon to tell how coronavirus will impact the venture capital ecosystem, but some analysts are turning to the economic crisis of 2008 to make some educated guesses. companies, including $75 million landing at one FinTech looking to bolster small business credit card payment adoption.

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B2B Tech Startups Land Backing To Modernize The Enterprise

PYMNTS

More than $25 million in new funding landed at B2B FinTech startups this week, making it one of the slower VC roundups for the B2B landscape this year. Though it didn't reveal how much it raised, Zero Hash, based in Chicago, announced the close of its Series C investment round led by holding company tastytrade.

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Chime Raises $500M On $5.8B Valuation

PYMNTS

A second office is slated for Chicago and by the end of 2020, the company expects to more than double its staff. It is also contemplating the purchase of other FinTech firms, the source said. Revenue is primarily generated by debit card fees and it breaks even on most customers in less than a year, the sources said.

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Waud's $100 million investment in fintech's future

Payments Source

The wave of technology that's turned card swipes into dips, phones into wallets and micro merchants into global sellers will proliferate, says to Andrew Rueff of Waud, a Chicago-based private equity firm.

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Supporting the Financial Services Industry Sustainability Journey

Cisco

By creating sustainable financial offers, prioritizing green investment mechanisms and reallocation of capital, financing sustainable programs, and tracking the carbon footprint tracking of transactions, FIs can incentivize the integration of sustainability criteria into financial services decision-making.

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Top News In Payments: Brex Unveils Management Account; Saga Teams With Marcus For Savings Accounts

PYMNTS

Today in the payments news roundup, FinTech startup Brex is launching a business cash management account to take the place of traditional business bank accounts. Brex Co-Founder and Co-CEO Henrique Dubugras said in a press release , “Even before customers think about credit cards, they need a place to store their business capital.

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Alt-Lending Regulation Fears Won’t Stop Investors

PYMNTS

million in B2B venture capital was divided among alt-finance, supplier payments and Big Data services startups this past week. MCI Capital, based in Poland, led the financing via its MCI.TechVentures Fund, according to reports. Chicago’s LQD Business Finance announced a Series A funding round on Thursday (July 21).

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