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Boston Startup Nift Raises $16.5M for Business Gift Cards

Bank Innovation

Boston-based startup Nift has raised $16.5 million in a Series A to fund its platform for “business gift cards,” a way for local businesses to drive customer engagement by providing gift cards to their consumers.

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COVID-19 Pivot: Boston Restaurateur Turns Idle Space Into Cozy Money Maker

PYMNTS

Then the city of Boston told us we have a curfew of 10:00 p.m., That honors the 2015 passing of Boston hot dog cart owner Ezra “Speed” Anderson, Campbell’s friend. “A month or so ago, when we thought about this concept, we were planning to stay open till 1:00 a.m. like our liquor license tells us we can,” Campbell said.

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52 Boston Startups Net $1.5 Billion+ In May

PYMNTS

Boston’s biotech industry raised more than $1.5 billion in venture capital funding in May, BostInno reported. BostInno reported that fundraising for new investments by venture capital and private equity firms was less but still evident. Below are the startups that raised capital in May, according to data compiled by BostInno.

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Boston Telemedicine Company Amwell Prices IPO

PYMNTS

Amwell , the Boston-based telemedicine company, is planning to go public as the demand for virtual healthcare offerings skyrockets amid the coronavirus pandemic. Amwell reported the cash will be used for working capital, to boost research and development and expand its sales team.

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Street Cred: How One Spa Entrepreneur Is Navigating The COVID-19 Crisis

PYMNTS

It starts with an undergrad degree from Boston College and a law degree from Boston University. But a slew of Boston area residents are thankful that she hasn’t. She has capitalized on her experience by changing directions. Then I came back to Boston and I said, ‘You know, I really would like to do a small business.

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SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket

PYMNTS

7) that it was merging with publicly-traded Social Capital in an $8.6 The SoFi deal marks at least the third such transaction done by the Social Capital SPAC, Palihapitiya said in a televised interview on CNBC, adding that the deal was driven by the fact that banking infrastructure isn't currently meeting the needs of U.S. consumers.

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Panxora Safeguards ICO Capital For Treasurers

PYMNTS

Reports in Blockchain News this week said Panxora has introduced a treasury management service to help the company and project founders who turn to ICOs to secure the capital they have raised, and mitigate the risk of cryptocurrency volatility. ’ We think this is an important step forward in the maturation of the token industry.”

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