PYMNTS
DECEMBER 20, 2017
Passport, company that’s managing much of the technical aspects of how people pay to use public transportation resources in cities like London, Miami and Los Angeles, has just raised $43 million. The money, from Bain Capital Ventures, will go to help the company expand its payment and transaction services nationally and internationally.
PYMNTS
MARCH 11, 2020
This belief is based on “the Company’s operating plan, that current working capital and expected continued inventory and capital expenditure financing is sufficient to fund operations and satisfy the Company’s obligations.”. The Miami vending machine has a new design and is definitely an attention-getter in new markets.
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South State Correspondent
JANUARY 4, 2023
Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.
PYMNTS
FEBRUARY 2, 2021
City National Bank, Extend Pair On Virtual Cards. To launch its new virtual commercial card offering, City National Bank is working with FinTech Extend, the companies recently revealed. Miami-based Apollo Bank is turning to a third-party FinTech to strengthen its corporate payments and treasury management offering.
American Banker
JUNE 21, 2016
Bank United in Miami Lakes, Fla., has appointed two former Capital One Financial executives to lead its new equipment and franchise finance subsidiary.
Independent Banker
JULY 31, 2022
Serving Miami-Dade, Broward and Palm Beach counties, Locality Bank is focusing on serving small businesses and others in the restaurant and hospitality sectors. Costello has also held senior roles at Bank of Florida, City National Bank and Nations Bank during his 30-year banking career.
PYMNTS
MAY 4, 2017
The latest pieces of tech news to hit the Orlando tech scene are Lockheed Martin ‘s $100 million missile deal and Elon Musk’s Hyperloop One transit system that promises to get people from Miami to Orlando in 26 minutes. There have been 52 new startups founded in 2017. Total funding in the past 12 months: $15,092,422.
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