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Why PayPal just deposited $50 million in a small South Carolina bank

Payments Source

"It's on-demand capital for us," Optus Bank's CEO says of the payment company's deposit. The funds are part of PayPal's broader effort to confront race and income inequality.

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Cedar Raises $102M For Medical Billing

PYMNTS

Cedar, a provider of technology focused on fostering smooth financial interactions between healthcare providers and patients, announced $102 million in new venture capital funding and a new business relationship with a provider network on Monday (June 22). In addition to $77 million in venture capital from the Menlo Park, Calif.-based

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Walmart Forms Company To Sell Insurance Amid Healthcare Push

PYMNTS

The retailer has also formed a collaboration with an upstart called Capital Rx that offers current information on prescription prices. The retailer has slowly been entering the healthcare services arena, running approximately 24 low-cost clinics in Texas, Georgia and South Carolina.

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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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Walmart Adds Two Global Governance Leaders To Support Financial Services

PYMNTS

She earned her bachelor’s of arts in economics from Rutgers University and her master’s in business administration from the University of South Carolina. The executive comes to the retailer from Capital One , where he most recently served as vice president of compliance. Department of Justice.

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Lendio Has Facilitated More Than $500 Million In Small Business Loans

PYMNTS

From restaurants and retail shops to plumbers and landscapers, our team is passionate about providing the access to capital to help these businesses grow, recharge and thrive.”. The company’s first loan was awarded in Q4 2013 to a seafood restaurant in Charleston, South Carolina, looking for equipment to help its business expand.

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HCSB in South Carolina Raises $45M, Names New Chief

American Banker

said Jan Hollar would become its chief executive after a $45 million recapitalization led by Castle Creek Capital Partners. HCSB Financial in Loris, S.C.,