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Embattled Blue Ridge Bankshares lands $150 million capital infusion

American Banker

Bank investor Kenneth Lehman and investment firm Castle Creek are providing the funds to the Virginia-based bank, whose fintech friendly strategy has gotten it in trouble with regulators. The bank's stock has sunk 70% this year.

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How Finfit is building out its financial toolkit for hourly and other workers

Bank Innovation

The field of fintech companies focusing on people who live paycheck to paycheck continues to grow, with Virginia Beach-based Finfit picking up $7 million in Series B equity funding on Friday. Galaxy Investments and Bison Investments participated in the round.

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Venture firm QED raises $925M for fintech investing

BankInovation

The firm, based in Alexandria, Virginia, said it has closed on $650 million for its early stage fund and $275 million for what it calls an early growth-stage fund. QED Investors, the financial technology-focused venture firm that was an early backer of Credit Karma, has raised $925 million for two new funds. QED, which has […]

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FDIC and Duke University announce fintech research conference

CFPB Monitor

This Wednesday April 24th, the Federal Deposit Insurance Corporation and Duke University’s Fuqua School of Business and Innovation and Entrepreneurship Initiative will host a conference titled “ Fintech and the Future of Banking ” in Arlington, Virginia.

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PayPal Veteran Hired As BlueVine CCO

PYMNTS

Silicon Valley FinTech startup BlueVine has named Brad Brodigan as chief commercial officer to oversee sales and other income-producing functions, the company said in a press release on Tuesday (Sept. Brodigan is a FinTech veteran with more than 25 years of executive and C-suite experience and a deep understanding of SMB challenges.

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Yes, Virginia, There Are Women Leaders In Fintech

Tech and Finance

Engle has more than 30 years of experience at AT&T, Lehman Brothers, Barclays Capital, DTCC and Bank of America. In her spare time, she mentors FinTech start-ups in London and the U.S., while pursuing a Ph.D. in blockchain/distributed ledger technology in relation to financial market infrastructures.

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US B2B Startups Dominate $337 Million Worth Of Funding

PYMNTS

Boston-based PreVeil did not disclose how much it raised in its Series A funding round, but it did note that Spark Capital provided the funding to support the company’s email and file security solution. ZP Group incorporates three units: a government cybersecurity contractor, a human capital and staffing service and a security advisory firm.

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