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Healthcare Tech Company Truepill Raises $75M To Expand

PYMNTS

Connecticut-based healthcare and FinTech investor Oak HC/FT led the funding. Also participating were existing investors Boston-based Optum Ventures, which offers capital and strategic guidance to startups; TI Platform Management LLC., The new service is expected to expand Truepill’s direct-to-patient capabilities.

Company 184
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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

PYMNTS

As a national charter, the bank can offer credit and cash-flow management, the company said. The initiative was co-led by new investor Gallatin Point Capital LLC, a Connecticut private investment firm, and existing investor The Rise Fund , a global impact investment fund. Varo Bank N.A. To date, Varo has raised $419.4

National 172
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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

The tri-state area (New York, New Jersey and Connecticut) saw the highest growth in the district, an impressive 7 percent. ” As a regulatory body, the OCC said it will focus on the following to address the increasing risk: • Execution of bank strategic plans and management of strategic risk. The OCC on Oct.

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On Demand Pay Finds A Home In Financial Services

PYMNTS

Any number of variables can highlight how the traditional two-week pay cycle puts pressure on the management of household finances. Yet, in neighboring Connecticut, the top income tax rate is 7 percent. This created unique challenges for its workforce, ranging from employee burnout to caring for children at home.

Taxes 170
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2017 Has Now Seen 4 Of New York’s Top 10 VC-Backed Tech Exits

CB Insights

MongoDB, which provides database management services, is backed by investors including Union Square Ventures, Sequoia Capital, New Enterprise Associates. This latest exit means 4 of New York’s top 10 largest venture capital-backed first exits over the last 6 years have taken place in 2017 year-to-date.

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Samsung Snags Auto Parts Supplier Harman For $8B

PYMNTS

The big buy of the Connecticut-based firm instantly vaults Samsung into the world of automotive technology in a big way. The largest auto suppliers boast revenues of $20 billion or more annually, meaning they are ideally suited to the capital-intensive world of giving automobiles a technological facelift. for $8 billion in cash.

Samsung 100
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A bridge to affordable housing

Independent Banker

Earlier this year, the community bank was an anchor investor of patient capital in community housing access through the Austin Housing Conservancy Fund (AHC), a private equity fund owned and managed by the nonprofit Affordable Central Texas. Aileen McDonough is a writer in Connecticut.

Austin 91