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The United States Of Venture Capital: The Most Active VC In Each State

CB Insights

Although startups based in California, New York, and Massachusetts have traditionally accounted for the majority of VC tech investment in the US, VCs are spurring other hotbeds of innovation across the country. We excluded debt deals and only considered venture capital, corporate venture capital, super angel, and growth equity firms.

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Payroc Combines With NXGEN, Payscape, BluePay Canada To Serve 46 Countries

PYMNTS

The operation will carry an enhanced, innovative Payroc brand, offering full-service global merchant acquirer services and payments processing in 46 countries. Private equity firm Parthenon Capital sponsored the merger. “We NXGEN and Payscape merged in May in a deal also backed by Parthenon Capital.

Illinois 100
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Community Banks Debut FinTech Alliance

PYMNTS

Alloy’s Julieann Thurlow, CEO of Reading Cooperative Bank, said, “Community banks play a special role in the lives of our customers, but we don’t have the same IT and innovation budgets as the big banks to capitalize on that relationship.” Guidelines From The UK.

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Cable Startup Layer3 Bets Against Streaming

PYMNTS

Consumers haven’t had a young innovative company to provide [pay TV] services to them since the mid-1990s, when Dish and DirectTV came on the scene.”. Following a few test pilot runs in Texas and Illinois, Layer3 officially launched its service in the summer of 2016 in Washington, D.C., and has since rolled out to Chicago.

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Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

PYMNTS

As for easing the path toward financial innovation, there’d always been some consideration of seeking a national banking charter, noted Cagney, especially as the company began building blockchain and blockchain applications over the past few years. Figure, said Cagney, can offer some of its products in New Yok — but not in, say, Illinois.

National 215
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Spilling Business Beans

Independent Banker

However, an innovative program run by the U.S. In Illinois, a loan participation plan by a community bank “insourced” jobs to the local area from overseas. To make the move, Customer Speak needed working capital, workstation equipment and financing to outfit a leased property—all challenging to finance given their lack of collateral.

Oregon 70
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Tech Center: Chicago On Deck

PYMNTS

PYMNTS: What do you think makes Chicago (or Illinois as a whole) an attractive location for both entrepreneurs and investors? A recent report published by Pitchbook also suggests that Chicago ranks at the top for highest return on venture capital investments. PYMNTS: How has Chicago’s startup ecosystem changed in recent years?

Chicago 114