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Passport, the technology business for city transit systems, raises $43 million

PYMNTS

Passport, company that’s managing much of the technical aspects of how people pay to use public transportation resources in cities like London, Miami and Los Angeles, has just raised $43 million. Read More.

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Mastercard Commits $500M To Boost Black Communities, Businesses

PYMNTS

The new initiative will include “concentrated investments that will focus on providing Black-owned businesses and Black people access to affordable financial tools and capital,” Mastercard said in a news release. Mastercard said it will invest $500 million in Black communities across the U.S. This is a time for action.

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Healthcare Tech Company Truepill Raises $75M To Expand

PYMNTS

Also participating were existing investors Boston-based Optum Ventures, which offers capital and strategic guidance to startups; TI Platform Management LLC., Annie Lamont , managing partner at Oak HC/FT, said her firm joined Truepill as the company advances its vision, expands its platform and works to shape the future of healthcare.

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Some Creditors Reportedly Oppose AMC Deal To Avoid Bankruptcy

PYMNTS

But a group of existing first-lien lenders including Apollo Global Management Inc., Ares Management Corp. AMC has been trying to reach an agreement for weeks as it tries to raise cash, manage a debt burden of more than $5 billion and avoid bankruptcy, Bloomberg reported. and Eaton Vance Corp.

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Event Startup Fever Notches $35M

PYMNTS

Event startup Fever announced it has raised $35 million in a funding round led by Rakuten Capital. Fever’s innovative solutions uniquely position the company to capitalize on the fast-growing experience economy and have proven very valuable to digital marketers. Atresmedia, Accel, and former chairman of U.S.

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Glossier Brings Shops To Nordstrom

PYMNTS

A Nordstrom partnership should help Glossier reach more shoppers who don’t reside close to its Los Angeles and New York stores, per the report. Sequoia Capital led the round, with participation from Tiger Global Management, Spark Capital and existing investors Forerunner Ventures, IVP, Thrive Capital and Index Ventures.

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Anti-Bias Lending Software Developer Zest AI Lands $15M

PYMNTS

The Los Angeles-based software startup said it will use the injection of capital on research and development as well as the marketing of its Model Management System, designed to remove racial, gender and other bias from the credit and loan approval process. “The Zest on Tuesday (Oct.

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