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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.
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.
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.
The new funding, according to the announcement, comes from two existing investors: Durable Capital Partners and Fidelity Management & Research. Durable Capital Partners is based in Chevy Chase, Maryland. Fidelity Management & Research is based in Boston. British delivery power-house Deliveroo said Sunday (Jan.
Many of us at Celent just came back from a busy and exciting week in Boston. Undoubtedly, the highlight was attending Celent's Innovation and Insight Day on April 4th, where we celebrated achievements of the Model Bank and Model Insurer award winners. Capital One, USA. Consumer Banking Channel Innovation.
Patriot Financial Partners led the funding round, with Venrock, FINTOP Capital and Hyperplane participating. The Boston-based startup, which offers software designed to help banks find new corporate clients, pulls from […].
Payments giant Mastercard has acquired Boston-based SessionM, a nine-year-old software company that helps clients improve customer relationships through data analysis.
This particular article is focused on innovations in small business and corporate banking: two critical market segments for financial institutions as they seek revenue growth and relevance in the evolving digital B2B marketplace. Legacy Transformation / IT Platform Innovations. Emerging Innovation. Operations and Risk.
With blizzard Stella faded like Blanche Dubois’ southern charm, Boston still had its winter chill. But on the second day of Innovation Project 2017, eyes were beyond Beantown and cast toward the world at large. What would a discussion about payments, innovation, cybersecurity and all manner of commerce be without a few laughs?
Equifax said Friday that it has entered into a joint collaboration with FinTech Sandbox in an effort to spur global FinTech innovation. FinTech Sandbox is based in Boston and is sponsored by Amazon Web Services, Fidelity Investments, F-Prime Capital, Franklin Templeton, Intel, State Street, Refinitiv, EY, and Goodwin Procter. .
Perhaps easier said than done, because innovation needs development – and development needs cash. We pointed to this a bit over the summer, when research from Boston College showed that out of 4,000 ICOs, half of them failed, disappeared and shut their doors within four months after the token sales were completed.
This new investment, co-led by Dawn Capital, HMI Capital and Insight Partners, is Tink’s biggest funding to date. Smaller quick-service restaurants (QSRs) cannot afford not to innovate — despite the fear of losing human interaction to digital. UK Open Banking Startup Tink Closes €90M Funding Deal.
One solution: in-house healthcare innovation labs. We put together a list of healthcare innovation labs from new entries to the field, as well as some of the oldest — and most familiar — names in health. Sometimes corporate innovation goes wrong , and we’ve written about corporate innovation theater before.
Bloomberg reported this week that Boston-based home décor eCommerce giant Wayfair turned in strong third quarter financials, noting that the firm’s quarterly results “exceeded analysts’ estimates, suggesting the wave of home improvement inspired by the COVID-19 pandemic is lingering.”. These are the top stories in retail for Tuesday (Nov.
Corporate innovation is critical for established companies looking to stay relevant in the face of disruption from up-and-coming startups. With industries being unbundled left and right ( supermarkets , banking , cars — just to name a few) more companies are opening up in-house innovation labs every day. Innovation Lab Name: HP Labs.
million in venture capital — the most the industry has seen in a while. The company announced a $12 million Series B round this week led by Goldman Sachs Principal Strategic Investment, Citi Ventures and Innovation Endeavors. The B2B FinTech investment space has been relatively slow in recent months, but U.S. SME Banking.
has announced the launch of a venture banking and lending business to provide debt capital financing and commercial banking solutions to growth companies and their investors. Stifel offers senior secured loans up to $40 million for working capital and growth capital needs. Stifel Financial Corp.
“This alliance is the latest initiative by Caesars to capitalize on our database, generate a new revenue stream in a growth market and raise our profile in sports, in part by creating new sports-themed guest experiences at our resorts across the country.” and Australia. .
And there are some serious funds on offer — Revolution funds has over $1 billion in capital to hand out to firms at all stages of development. Vance’s most recent post was at Mithril Capital, the venture vehicle for noted Silicon Valley investor Peter Thiel, and Vance had affirmed he will continue to work with Mithril.
Word on the street is that B2B startups may be landing on the same path as B2C startups when it comes to the venture capital wells drying up. It could explain India’s rare absence from our B2B Venture Capital Roundup this week. Instead, the funding landed in the U.S., eProcurement. ”
And while partnerships, collaboration and internal product development have helped banks to improve their reputations for innovation among their corporate clients, a new report from Boston Consulting Group says it’s not enough. ” Positive Developments, New Opportunities. ”
Boston-based PreVeil did not disclose how much it raised in its Series A funding round, but it did note that Spark Capital provided the funding to support the company’s email and file security solution. Kenna said it plans to use the funds to expand its team, focus on sales and continue innovation efforts. Cybersecurity.
The traditional gift for a ninth anniversary is pottery, and our offices are in Boston – but, you know, no pressure.). We always want to talk to innovators and those who understand them best. Over the last nine years, it has been PYMNTS’ privilege to speak with some of the most innovative minds in payments and commerce.
True Fit , the Boston-based startup that helps connect customers with shoes and apparel that fits them really, really well, recently announced a $25 million investment from Intel Capital that it will use to expand its business, according to a report from TechCrunch.
Consumers haven’t had a young innovative company to provide [pay TV] services to them since the mid-1990s, when Dish and DirectTV came on the scene.”. Jeff Binder, CEO of Layer3, was quoted by The Washington Post as saying, “We’re the first cable company in … 10 years to come that’s brand new.
Whether it’s San Francisco, New York City, London or Hong Kong, each of these areas have become well-known for developing and implementing innovative ideas. This report purports that technology is the game changer when it comes to bridging the gap between the startup-heavy places, like Silicon Valley and Boston, and the rest of the world.
Haley Fortier , operator of Boston wine bar haley.henry , told PYMNTS that much of the year was based on taking things the company already knew it could do well, and then finding ways to make them work via digital channels. Aid has notably come in from all corners, particularly the card networks.
But here in Boston, where PYMNTS world headquarters makes its home, we have a problem. We, here in Boston – in specific- and Massachusetts, in general, would really like to be able to call ourselves the birthplace of America. However the innovation stayed in China. The Commonwealth of Virginia. The list goes on.
The signature innovation of Drizly – founded in Boston in 2012 – has been to more or less bypass the three-tiered structure in enabling alcohol eCommerce. Drizly neither sells nor delivers alcohol, though in its early days, it was often called the “Uber of alcohol.”.
Brex Co-Founder and Co-CEO Henrique Dubugras said in a press release , “Even before customers think about credit cards, they need a place to store their business capital. Cyberattacks hit financial services firms 300 times more often than firms in other industries per the Boston Consulting Group.
I helped to start the Charlotte Entrepreneurs Organization’s (EO) chapter in 1998 to help foster dialogue in the Queen City around innovation and opportunities. MP: I would say that the biggest challenge facing startups in Charlotte is access to early-stage capital. What do you think has sparked this transformation?
With a big focus on technology in Silicon Valley and Boston, New York City slowly made its way to becoming a powerhouse tech player. Albany, New York’s state capital, has a population of just over 150,000. DM: NYC is the most diverse city in the world, and diversity drives creativity and innovation. trillion (2012).
There weren’t easy ways to innovate retail business models. But SMBs today have all of those options — and more — thanks to a cadre of innovators who see the power and potential of giving them new tools to start and grow their businesses — at the same time, contributing to the health and vitality of their local communities.
Flashfood bears a close resemblance to Boston, Mass. Hunger and wasted food are two problems that can have one solution,” believes Daily Table founder Doug Rauch, former Trader Joe’s president and co-CEO of Conscious Capitalism, Inc.
The companies were selected from a pool of 2,000+ startups based on several criteria, including investor profile, tech innovation, team strength, patent activity, mosaic score, funding history, valuation, and business model. Boston-based Cybereason is close to reaching Unicorn status. capitalG, March Capital Partners, Accel Partners.
And indeed, the middle of this month has been nothing if not gusty, but daunted not the gutsy — who trekked by the hundreds to Boston for the opening of the annual Innovation Project. Innovation, implying the change that is the only constant when it comes to how people and businesses interact and transact. and panels. .
New York, Boston, Chicago, and Nashville, among other cities, all played host to newly minted unicorns last year. Select Investors: Tencent Holdings, Disney Accelerator, Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners, Vulcan Capital, ICONIQ Capital. It is also known for developing Unreal Engine.
Between September and October, we’ll see a host of new companies, ideas and innovation, and we’ll hear from the “experts” on those issues we need to pay attention to in 2017. Alternative lenders are learning more about fraud to their dismay and access to capital. I’ll admit it, I really do look forward to the fall conference season.
Etsy is hardly alone: eCommerce is experiencing year-over-year growth of 14 percent, according to the Payments Powering Platforms Tracker , and merchants looking to capitalize on this rise must accept the preferred payment methods of their customers, which include everything from credit cards to PayPal to Venmo and everything outside and in between.
Select VC Investors: Khosla Ventures, Social Capital. Select VC Investors: Cue Ball Capital, Valley Oak Investments. MiniLuxe is a nail and beauty lifestyle lounge with locations in Dallas, Rhode Island, Los Angeles, and Boston. Select VC Investors: Otium Capital. Select VC Investors: Venture Capital.
Officials at the Office of the Comptroller of the Currency (OCC), the national bank regulator, told the Boston startup they would weigh its request. “We need to be open to discussing it and working through it,” said Comptroller of the Currency Thomas Curry, referring generally to bank charters for FinTech companies. “A
And indeed, the middle of this month has been nothing if not gusty, but daunted not the gutsy — who trekked by the hundreds to Boston for the opening of the annual Innovation Project. Innovation, implying the change that is the only constant when it comes to how people and businesses interact and transact. and panels. .
Filling that hole — and making it easy for customers to get their drinks delivered right to their doors — is an area that caught the eye of many an innovator. Boston-based Drizly , which raised more than $35 million, has a foothold in 70 cities and a stated ambition to be the “Amazon of Alcohol.”
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