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US Bank automates construction loan process

BankInovation

Bank Housing Capital Company, a division of U.S. Bank, went live today with an automated solution that allows it to better manage homebuilder construction loans. The Minneapolis, Minn.-based Already, the bank is thinking about expanding the tool to the broader commercial real estate platform.

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Some SMBs Switched Banks When PPP Loans Failed To Come Through

PYMNTS

needed financial help in April as the pandemic led to a loss of customers, founder Pavia Rosati turned to her bank, Capital One Financial Corp., But the New York consulting firm was on its own because Capital One wasn’t prepared to accept applications for the Paycheck Protection Program (PPP) when it launched. That was it.

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SoftBank Announces $100M Fund For Minority-Led Startups

PYMNTS

In a widely-reported letter to employees, Marcelo Claure , SoftBank’s chief operating officer, noted that the new Opportunity Growth Fund “will be the biggest fund providing capital to black Americans and people of color.”. “This is our opportunity to remove those barriers for a new generation of founders.” ”

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Ceridian Introduces Digital Wallet For Real-Time Employee Payments

PYMNTS

Human capital management (HCM) software as a service (SaaS) firm Ceridian is launching Dayforce Wallet to give people the flexibility of getting paid in real-time, whenever they want it. Headquartered in Minneapolis, Ceridian went public in 2018 and its stock is listed on the New York Stock Exchange and Toronto Stock Exchange.

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FICO Named America's Best Mid-Sized Employer by Forbes Magazine

FICO

Richard Deal Richard Deal leads FICO’s Human Resources function focused on attracting, engaging, developing and deploying talent through innovative human capital management strategies. Bancorp in Minneapolis. He joined FICO in January, 2001 from Arcadia Financial Ltd., where he held the executive HR role for three years.

America 98
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Foundry Group Leads $30M Seed Funding For Matchstick Ventures

PYMNTS

Minneapolis-St. The company has already backed several startups, including Denver’s Soona, a same-day photo and video content creation studio that is dually based in Minneapolis and Denver, Colo. . JPK Capital also participated in the funding round. Both Zola and Broshar were founders before they were funders. Onward raised $1.5

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Instacart Raises $271M On $7.8B Valuation

PYMNTS

hedge fund Tiger Global Management and existing investors Coatue Management and Valiant Capital. The funding round was led by hedge fund D1 Capital Partners, and came only six months after the startup closed on a $350 million round of investing. Instacart has raised $1.87 billion in total, with a $7.87