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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. In partnership with Nymbus, the bank’s custom digital platform is built on a secure cloud-native core banking system with an open API architecture.

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Lendbuzz FinTech Raises $150M In Debt And Equity Financing

PYMNTS

FinTech Lendbuzz has announced Monday (July 15) that it has secured an additional $150 million in debt and equity financing led by 83North, with participation from existing investors. credit history to help them secure financing for auto loans. credit history to help them secure financing for auto loans.

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VCs, Execs Meet To Discuss State Of IPO Landscape

PYMNTS

I’m pro-algorithm,” said Bill Gurley, a general partner at venture capital titan Benchmark. . Gurley, along with Sequoia Capital’s Mike Moritz, have been talking up the benefits of a direct listing instead of traditional IPOs, where banks purchase giant blocks of stock, then make them available to clients at one price the night before.

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VCs And Execs Meet To Discuss Future Of IPOs

PYMNTS

I’m pro-algorithm,” said Bill Gurley, a general partner at venture capital titan Benchmark. . Gurley, along with Sequoia Capital’s Mike Moritz, have been talking up the benefits of a direct listing instead of traditional IPOs, where banks purchase giant blocks of stock, then make them available to clients at one price the night before.

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Muted Performance From Payments Stocks

PYMNTS

In terms of decliners, American financial self-service, security and services corporation Diebold Nixdorf shares were off 6 percent with little company news save, indirectly, an announcement by cloud-based mobility solutions company Kony, Inc., Capital One Financial shares were down 2.7 percent in July.

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B2B Investors Get Smart About Business Intelligence

PYMNTS

Business intelligence is a common theme in this week’s B2B venture capital (VC) roundup, with many startups deploying artificial intelligence (AI) and sophisticated data analytics technologies for their business customers. focus on product development, and enhance sales and marketing efforts. Fattmerchant.

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 SMB Lending, Automation In B2B VC Focus

PYMNTS

The money, which came via Series D round led by Sequoia Capital India and The Three Sisters Institutional Office, brings the total tally raised to date to $81 million. In Singapore, Aspire , a startup geared toward helping smaller firms access working capital, raised $32.5 The company also offers B2B payment acceptance tools.

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