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Digital Car Insurer Metromile To Go Public Through Merger With INSU II

PYMNTS

The combined company, to be led by Metromile CEO Dan Preston , will have a pro forma market capitalization of approximately $1.3 Investors Social Capital, Hudson Structured Capital Management, Miller Value, Clearbridge and Mark Cuban have committed to investing $160 million through a private placement of INSU II Class A common shares.

Arizona 264
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CB Financial joins parade of banks divesting insurance units

American Banker

The Pennsylvania bank has agreed to sell its Exchange Underwriters subsidiary to World Insurance Associates for $30.5 million, saying that the deal will help pad its capital and liquidity.

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The United States Of Venture Capital: The Most Active VC In Each State

CB Insights

Using CB Insights data, we analyzed the most active venture capital firm in each state, based on unique tech investments from 2014 to 2019 YTD (1/24/19). We excluded debt deals and only considered venture capital, corporate venture capital, super angel, and growth equity firms. Merus Capital. BIP Capital.

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Crowdfunding, Deferred Loan Payments Jumpstart SMB Relief

PYMNTS

As more government entities introduce measures to aid SMBs, banks and FinTechs have launched their own programs this week to accelerate access to much-needed capital for their SMB customers. Pennsylvania Offers State-Level Support. have launched new crowdfunding programs to support SMBs’ need for capital. Europe Clears U.K.

Payments 173
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Fashion Retailer rue21 Strikes Deal To Retire Debt

PYMNTS

"Bank of America and Tiger Finance will help provide rue21 with the working capital capacity to support our growth objectives and to continue to provide our loyal customers with a superb omnichannel shopping experience,” Pascoe said. Pennsylvania-based rue21 runs more than 673 retail locations in 45 states and online at rue21.com.

Retail 141
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NXTsoft Names Chuck Diulus as Chief Revenue Officer

Bobsguide

Diulus, a graduate of The Pennsylvania State University, has over 30 years’ experience in EFT, banking and Fintech industries. I look forward to working with all facets of the organization to capitalize on their momentum in the space and to continue to grow the company with great success,” he said. About NXTsoft.

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PA Attorney General enters into agreement prohibiting collections by buyer of private student loans

CFPB Monitor

The Pennsylvania Attorney General recently entered into an Assurance of Voluntary Compliance with Elevation Capital Partners, LLC, a buyer of private student loans, that prohibits Elevation from engaging in any collection efforts, directly or through servicers, related to loans made to Pennsylvania borrowers who attended schools operated by Education (..)