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Electric Truck Maker Rivian Gains $2.65 Billion In T. Rowe Price-Led Funding Round

PYMNTS

Minnesota-headquartered electric truck maker Rivian closed a $2.65 Rowe Price , with participation from Fidelity Management and Research, Amazon’s Climate Pledge Fund, Coatue, D1 Capital Partners, and other existing and new investors. Rowe Price portfolio manager.

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Fintech Deals to Watch: Growing in the Digital World

Gonzobanker

Lastly, at this writing, Rockbridge Growth Equity (ties to Rocket Mortgage ) and CU Solutions Group acquired database marketing provider Marquis from Falfurrias Capital. Digital Security. Like Rocket Mortgage’s rise using digital tech, marketing, and outreach, Rockbridge’s portfolio reads like a checklist in new world growth methods.

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Community Banking According to Andy

Jeff For Banks

One of my tweeps (Twitter friends), is Andy Schornack, CEO of Flagship Bank Minnesota, based in Wayzata. 2/ @Schornack The primary asset of the organization was Flagship Bank Minnesota, a Member FDIC and Equal Housing Lender with two locations in the Twin Cities Metro Area. I suggest following Andy on Twitter. million in loans.

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Navigating Liquidity, Funding, and Return in the Paycheck Protection Program

Abrigo

PPP loans carry a 0% risk weighting, meaning they don’t count against the institution from a risk-based capital standpoint. With the surge in loans and no pressure on capital ratios, both Domine and Bates expressed approval for the program. The PPP is still rapidly unfolding.

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The benefits of micro-lending programs

Independent Banker

There is a lot of time and energy spent, not only making sure that credit decisions are appropriate, but also managing the compliance aspect,” Maher says. Banks could pool their resources or leverage the expertise or resources of a bank in a particular location to put capital to work. Beth Mattson-Teig is a writer in Minnesota.

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Startup DNA: Apruve Seeking To Streamline B2B Payment Through Platform

PYMNTS

Founded in 2013, Minnesota-based Apruve is aiming to become the industry standard platform for B2B credit management. Recently, it launched its B2B credit management platform, while the entire business has been backed by TTV Capital and Allegis Capital, to name a few. The timing was right. And on the horizon now?

Payments 100
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IPO Surpasses Expectations For Payroll Firm Ceridian

PYMNTS

Ceridian Holdings, the owner of human capital management software Dayforce, completed what the publication said was the largest initial public offering (IPO) in the history of its home state of Minnesota, surpassing expectations when it closed at $22 a share. Analyst estimates had predicted between $19 and $21 per share.

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