article thumbnail

A digital-first bank for south Florida

Independent Banker

Banking veteran Keith Costello cofounded Locality Bank, where he serves as president and CEO, to champion for south Florida small businesses financially affected by the pandemic. Costello has also held senior roles at Bank of Florida, City National Bank and Nations Bank during his 30-year banking career. By Katie Kuehner-Hebert.

Florida 91
article thumbnail

B2B Venture Capital Spans SMB Banking, V-Cards, Global Payments And More

PYMNTS

Investors backed a range of B2B FinTechs this week operating in areas including accounting, cross-border payments, virtual cards, expense management, cybersecurity and more. In total, more than $68 million in venture capital was announced — but that’s not counting the $130 million round for one U.K. Back Office.

Capital 139
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Wells Fargo Invests In DadeSystems With Series D Round

PYMNTS

Florida-based receivables FinTech DadeSystems has announced additional funding by Wells Fargo Strategic Capital as part of a Series D round. “ Wells Fargo Strategic Capital is one of the leaders in providing capital to growing FinTech companies,” said Bill Zayas, president and CEO of DadeSystems.

Capital 159
article thumbnail

WSFS wealth unit does deal to expand in Delaware, South Florida

American Banker

The Wilmington, Delaware, bank announced Tuesday that it had purchased Bell Rock Capital. WSFS' management said that legal troubles involving that investment advisory firm's founder won't affect the transaction.

article thumbnail

Small New Jersey bank eyes big expansion in wealth management

American Banker

Flush with capital from issuing subordinated debt, Peapack-Gladstone is exploring acquisitions in Florida and New York in an effort to generate more fee revenue.

article thumbnail

On-Demand Home Services Startup Homee Raises $15M

PYMNTS

Tampa, Florida-based startup Homee raised $15 million in series B funding led by Forté Ventures, VentureBeat reported on Tuesday (Aug. Funds also came from Liberty Mutual Strategic Ventures, Active Capital Partners, Florida Funders, Deepwork Capital and Engage. Providers regardless of size receive payment within 72 hours.

Tampa 128
article thumbnail

PayCargo Extends Credit To Help Supply Chain Clients Amid COVID-19

PYMNTS

PayCargo Capital (PCC) is offering short term loans and credit lines to help its supply chain customers keep the cash flow going as the coronavirus pandemic continues to disrupt business as usual. . Ocean shipping lines and cargo airlines have enormous amounts of capital tied up in artificial loans to customers.”.

Capital 141