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Bain Capital Nets $800M For Business Impact Funding

PYMNTS

Bain Capital has raised $800 million for a social impact fund — a category of investment vehicles whose stated objectives are to advance social or corporate governance policies in addition to turning profits, the Wall Street Journal reported. The managing director was former Massachusetts Gov. billion through Nov. 20 compared with $76.2

Capital 188
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Square Capital Distributed 76K PPP Loans Totaling $820M

PYMNTS

Square Capital LLC processed more than $820 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans in six weeks, the firm reported. Last year, Square Capital did $2.3 Of that number, 60 percent of the borrowers had never before received a loan through Square Capital.

Capital 141
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Warren presses Capital One CEO for more details about breach

Payments Source

The Massachusetts senator asked Richard Fairbank in a letter why the bank didn’t detect the breach for nearly four months and how it plans to prevent future cyber intrusions.

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This I80 Group-Backed Company Raised $280M To Offer Non-Dilutive Capital To Startups

CB Insights

Capchase , a company that provides access to non-dilutive capital, has raised $280M in a mix of debt and equity. Massachusetts-based Capchase helps firms acquire capital otherwise tied up in future predictable revenue payments. HOW’S THE COMPANY PERFORMING? Want the full post? Become a CB Insights customer.

Capital 69
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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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Things worth reading: 20th September 2017

Chris Skinner

Things we’re reading today include … China orders Bitcoin exchanges in capital city to close Wells Fargo’s lone outsider aims to clean up bank’s reputation Massachusetts sues Equifax as hack concerns spread to Canada Dirty money?

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New Unemployment Claims Down 48K To 709K

PYMNTS

24 were in Hawaii (9.9), California (8.9), New Mexico (8.5), Nevada (8.2), the Virgin Islands (7.1), Massachusetts (7.0), Puerto Rico (6.9), Georgia (6.8), District of Columbia (6.5) The COVID-19 vaccine is expected to have a positive effect on the labor market and other areas of the economy. and Alaska (6.1).