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Bad Actors Emerge in PPP Lending – More Expected as Forgiveness Guidance Emerges

Abrigo

The Department of Justice (DOJ) recently charged two businessmen in Rhode Island with fraudulently seeking PPP loans, the first in the country linked to the loan program. In the case of the two men in Rhode Island, there were several red flags pointing to fraud. Lending & Credit Risk. Member Business Lending.

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The United States Of Artificial Intelligence Startups

CB Insights

valuation), Nuro ($2.7B), alternative lending startup Avant ($1.9B), AI-powered predictive sales acceleration platform InsideSales.com ($1.7B), salestech startup Afiniti ($1.6B), healthcare startup Butterfly Network ($1.3B), and data analytics company Dataminr ($1.2B). IDx Technologies. Rhode Island. California.

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The United States Of Fintech Startups

CB Insights

Collectively, these startups have raised over $9.5B, with leading companies including lending startup Avant (Illinois, $655M in total disclosed equity funding), next-gen auto insurer Root Insurance (Ohio, $509M), restaurant finances management system Toast (Massachusetts, $503M), and small business lending startup Kabbage (Georgia, $490M).

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The United States Of Fintech: The Most Well-Funded Fintech Startup In Each State

CB Insights

California-based lending unicorn SoFi is the most well funded fintech company with just over $2B raised since 2011. D3 Technology. Rhode Island. Unicorns on the map include SoFi in California, Oscar in New York, Avant in Illinois, Kabbage in Georgia, and AvidXchange in North Carolina. Click on the image below to enlarge.

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House Hearing Signals Fireworks On Big Tech Antitrust Issues

PYMNTS

David Cicilline of Rhode Island, who serves as subcommittee chairman. Take the tech sector: You have seen a lot of innovation, but you also have platforms with network effects that lend themselves to scale.”. We certainly would not want to regulate technology the same way we regulate municipal water.”.

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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

Company: AOptix Technologies. Select VC Investors: Bill Gates, CapX Partners, Constellation Technology Ventures. Company: Powa Technologies. The Nectar system had its roots at MIT’s Microsystems Technology Lab — and may have simply left the lab a few years too early. via TechCrunch. Total disclosed funding: $107.9M.

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