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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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Policygenius Notches $100M For InsurTech Growth

PYMNTS

as well as venture capital operations powered by Massachusetts Mutual Life Insurance Co., In separate news, insurance purchasing and management platform Huckleberry notched $18 million in a Series A funding round in December led by Tribe Capital, with participation from Crosslink Capital, Uncork Capital and Amaranthine.

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BinDawood Prepares First Middle Eastern IPO Since COVID-19

PYMNTS

Founded in 1984, BinDawood operates 73 stores across Saudi Arabia with 10,000 employees. GIB Capital and NCB Capital on the IPO. a hospital operator that raised 2.63 In February, Reflexis Systems , a Massachusetts provider of workforce management, announced a partnership with BinDawood. Morgan Chase & Co. ,

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Today In Payments: GoCardless Raises $95 Million; BarkBox To Go Public Via SPAC At $1.6 Billion Valuation

PYMNTS

FinTech GoCardless has raised $95 million in a Series F funding round led by Bain Capital Ventures. Massachusetts Suing Robinhood, Alleging Failure To Protect Investors. Massachusetts regulators filed a complaint against Robinhood on Wednesday (Dec. Plus, Fiserv is acquiring Ondot Systems to further its digital capabilities.

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Neiman Marcus Emerges From Chapter 11

PYMNTS

He said the company’s new owners include PIMCO, a California-based global investment management firm, Davidson Kempner Capital Management LP, a global institutional alternative investment management firm headquartered in New York City and Sixth Street Partners, the San Francisco global investment firm.

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Kabbage Lands Credit Suisse Credit Facility

PYMNTS

“The new, DBRS-rated facility, provided by Credit Suisse, speaks to Kabbage’s maturity in the financial markets and gives us diverse funding options to serve our small business customers,” Kabbage Head of Capital Markets, Deepesh Jain, said in a statement. “To

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Commercial Real Estate or Business Lending: Which Is Better?

Jeff For Banks

This was the conversation I had with a senior lender of a client at the Massachusetts Bankers' Association annual convention. The much sought after "operating account." Two reasons, in my opinion: average balance per account, and operating expense per account. What does a "full relationship" mean? CRE still wins.

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