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PayPal Provides $5M In Grants To Support Minority Businesses

PYMNTS

The grants are part of the San Jose, California-based worldwide online payments system’s $530 million pledge made earlier this year to strengthen minority communities and fight for economic equality and racial justice. “To PayPal Holdings Inc. provided $5 million in grants to support Black-owned businesses in the U.S.

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Subscription Business Models Lead B2B VC Funding

PYMNTS

Venture capital appears to be picking back up in the B2B technology startup community. This week saw an impressive $324 million in combined funding for a range of B2B FinTechs and other solution providers, including alternative lenders looking to support small businesses as they manage working capital instability. eFileCabinet.

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Automakers Rev Up Venture Capital Engine With 38 Investments in 2017

PYMNTS

As such, automakers are hitting the venture capital highway in droves. In the rideshare arena, InMotion , Jaguar Land Rover’s venture capital arm, invested $25 million in a $600 million funding round for Lyft in 2017. The automaker is also reportedly joining the Open Platform operated by Lyft for autonomous cars. Ridesharing.

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LendKey Adds $8 Million in Venture Debt; Reaches $800 Million in Loans

Fintech Labs Insights

“With our technology, community financial institutions can succeed in the $3.2 Above (left to right): LendKey CEO and Founder Vince Passione and Strati Papageorge, Chief Product Officer demoing LendKey Marketplace at FinovateSpring 2015 in San Jose. Anne Sharkey, SVP Loan Operations. Mike Stallmeyer, SVP Finance.

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Finovate Debuts: Onovative’s CoreIQ Brings Automated Marketing Technology to Banks

Fintech Labs Insights

CoreIQ is a marketing automation system developed by Onovative that speeds onboarding and broadens cross-selling opportunities for community banks and credit unions. ” Pictured (left to right): Onovative co-founders Michael Browning (CEO) and Clay Turner (CTO) demonstrating CoreIQ at FinovateSpring 2015 in San Jose.

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46 Corporations Working On Autonomous Vehicles

CB Insights

A few of the companies or brands listed below belong to the same parent organization, but are detailed separately if they are operating distinct autonomous development programs. The luxury brand operates under the umbrella of the Volkswagen Group, so developments within the division could have broader implications going forward.

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Finovate Debuts: Bento Builds Banking Solutions for Small Businesses

Fintech Labs Insights

Who is the most underserved community in banking? ” Pictured: Bento CEO Farhan Ahmad demonstrating his card controls for small business technology at FinovateSpring 2015 in San Jose. . ” Pictured: Bento CEO Farhan Ahmad demonstrating his card controls for small business technology at FinovateSpring 2015 in San Jose.