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Subscription Business Models Lead B2B VC Funding

PYMNTS

Venture capital appears to be picking back up in the B2B technology startup community. This week saw an impressive $324 million in combined funding for a range of B2B FinTechs and other solution providers, including alternative lenders looking to support small businesses as they manage working capital instability. eFileCabinet.

San Jose 226
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Nikola Motor CEO Defends $4M In PPP Funds

PYMNTS

Thanks to the merger, Nikola will receive more than $500 million from investors including Fidelity and ValueAct Capital, the report said. Securities and Exchange Commission filings showed Nikola received the PPP funds from JPMorgan Chase. The startup, founded in 2014, merged in March with VectoIQ Acquisition Corp. ,

Utah 156
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Surprise Outcomes Edition: Cybercrime, Student Loans And CAN Capital

PYMNTS

Brian Krebs of Krebs on Security reported that the hacker believed to be behind the attack on the SFMTA was himself hacked over the weekend by an anonymous security researcher. But the world is full of unexpected costs — just ask the team at CAN Capital. So, good news for borrowers — unexpectedly expensive news for taxpayers.

Capital 100
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Funding Lands T&E Firm TripActions $4B Valuation

PYMNTS

Corporate travel and expense (T&E) management solutions provider TripActions led this week’s B2B venture capital roundup with its announcement of new funding that propelled its valuation to $4 billion. Lulalend lends directly to SMBs that can apply online, with an automated approval process accelerating access to capital.

Capital 108
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Why The ICBA Is Fighting Industrial Loan Charters For FinTechs

PYMNTS

All industrial banks are chartered in Utah – and there are only 17 such charters issued, 15 of which are currently active. As we scale, it’s becoming increasingly important that we have direct relationships with regulators,” said Jacqueline Reses, who leads Square Capital and will be the chairman of the bank. The Systemic Risk.

Industry 108
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Banking's Total Return Top 5: 2013 Edition

Jeff For Banks

capital appreciation and dividends. Texas Capital Bancshares, Inc. versus 68.5%, respectively) and its operating expenses as a percent of average assets compared to peer banks (1.66% versus 3.09%, respectively).So, So, as a branchless bank, BofI has leveraged its significantly lower operating expenses into profit.

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Data, Business Intelligence And Security Lead B2B Funding

PYMNTS

In a venture capital slowdown, any investment round is a win. This week’s look at the latest funding for B2B FinTech and other startups showcases an investor appetite for security, data and business intelligence, with nearly $63.5 Whistic said it would use the investment to grow its staff and scale operations.

Security 166