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Tech Center: Chicago On Deck

PYMNTS

Chicago is more than just the place the Chicago Cubs and Bulls call home. Bubbling under the surface of Chicago lies an up-and-coming tech center. Given that many large cities in the United States have increasingly become places for tech startups, it’s natural to see Chicago as one of the next tech centers.

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Schack: Expanded BMO Harris Innovation Program Casts Wider Net for Ideas

Bank Innovation

The Chicago-based bank is accepting applications from fintech startups for the 2019 BMO Harris/1871 Innovation Program through the end of the day today. BMO Harris Bank is expanding the scope of its in-house accelerator from a local to a national program. Ben Schack, Head of U.S.

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Cooler Screens Brings New Look To Retail Innovation

PYMNTS

But for Chicago-based Cooler Screens , all those clear refrigerator doors are a potential goldmine. “We Fresh on the heels of an $80 million capital injection last month, Davenstrott said the recent fundraising is really about supporting Cooler Screens’ expansions. “I I mentioned the 2,500 [Walgreens] stores that we are going after.

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Digital Approaches To Retail And Disbursements

PYMNTS

In merchant innovation, consumers are increasingly beginning their shopping trips online , and a growing number are deciding to finish their journeys there. Data: $80M : Amount of the recent capital infusion for Chicago-based Cooler Screens. All this, Today in Data. 5.4% : Portion of U.S. households counted as unbanked in 2019.

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The United States Of Venture Capital: The Most Active VC In Each State

CB Insights

Although startups based in California, New York, and Massachusetts have traditionally accounted for the majority of VC tech investment in the US, VCs are spurring other hotbeds of innovation across the country. We excluded debt deals and only considered venture capital, corporate venture capital, super angel, and growth equity firms.

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Banks Bring Coffee Shops To New Branches

PYMNTS

With the bank branch of the future, large institutions such as Capital One and Fifth Third are aiming to create spaces that appeal to millennials around Chicago that provide technical support, financial advice and — in some instances — cappuccino. By the same token, Capital One has brought three Capital One Cafes in Chicago.

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AeroPay Closes Seed Round Led By Continental Investors

PYMNTS

Alternative payments platform AeroPay is looking to accelerate its growth after closing a seed round of capital led by a top FinTech investment firm. The Chicago-based FinTech announced on Tuesday (Sept. 29) that it had inked a funding deal with Continental Investors. The amount was not disclosed.

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