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Accelerating To The Future?

PYMNTS

With more than 700 now in operation across the United States, small business accelerators are becoming increasingly crucial engines of the U.S. Startups often need the resources — including the capital, equipment and expertise offered by these organizations — to stay afloat in an increasingly competitive marketplace.

Portland 100
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Real Estate Startup Bungalow Secures $64M In Funding

PYMNTS

Since its launch, the company has operated in the Bay Area, Los Angeles, New York, San Diego and Seattle. It also announced today that it has added two new markets to its platform: Portland and Washington, D.C., putting it on track to be in 12 major U.S. markets by the end of 2018. There are also plans for global expansion in 2019.

San Diego 100
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Wealth Managers Beware: Emerging Fintechs Are Coming For Retirement Planning Next

CB Insights

The wealth management industry is under siege by a new crop of “robo-retirement” fintech startups disrupting retirement savings. Sudden volatility has shaken the markets and the state of wealth management. Find out what’s ahead for traditional wealth managers and wealth tech startups in 2018. First Name. Wealth Tech.

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CFPB announces new appointments to advisory groups

CFPB Monitor

Lynn Drysdale, Managing Attorney, Consumer Law Unit, Jacksonville Area Legal Aid, Inc., Arjan Schutte, Founder and Managing Partner, Core Innovation Capital, Los Angeles, CA. Dion Kidd Johnson, President, Chief Operating Officer and Chief Risk Officer, Western Bank, Alamogordo, NM. Jacksonville, FL. Ian Ayres, William K.

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Passport Raises $8 Million in Series B

Fintech Labs Insights

The Series B round was led by MK Capital, and featured participation from Grotech Ventures and Relevance Capital. Passport CEO Bob Youakim said that the capital infusion would help speed the company’s growth and expansion both in the U.S. The new investment takes Passport’s total funding to $17 million.

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Disrupting Insurance: The Other Financial Services Opportunity

Tefkin

However, from a technical perspective, the cost of acquiring, storing, managing and calculating on data has become lower and lower. Take the example of MetroMile based in Portland. Their minimal capital requirement for operating was around USD 45M ( [link] ). A new carrier? Alternative to carriers?

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Vacation Rental Startup Vacasa Clinches Funding

PYMNTS

The biggest investment of the week came in the form of 51credit.com, where the Chinese credit card management outfit garnered $84 million from Harvest Capital and Yintai Group. The credit facility also allows for the company to access additional working capital. This week started off with a bang for Portland, Ore.

Portland 100