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Pivotus Ventures, a new venture capital firm launched by Umpqua Holdings Corporation, believes that drastic action is needed to keep banks relevant in the coming years. Just last year, the Portland, Oregon-based corporation performed the rare feat of upgrading its core Read More. If any FIs can do it, Umpqua is certainly among them.
Startups often need the resources — including the capital, equipment and expertise offered by these organizations — to stay afloat in an increasingly competitive marketplace. We also give them access to capital by facilitating connections to venture capital funds and local angel investors.”. Working with the big boys.
According to TechCrunch , the Portland-based startup had previously raised $800,000 in startup capital and $3 million in convertible notes, as well as $1.5 million raised in November 2015.
The biggest investment of the week came in the form of 51credit.com, where the Chinese credit card management outfit garnered $84 million from Harvest Capital and Yintai Group. The credit facility also allows for the company to access additional working capital. This week started off with a bang for Portland, Ore.
Innovation Immersion - Filene’s Innovation Immersion program helps credit unions execute on innovation, ideas, and cultural change. We'll walk through some of Filene's latest programs, and the research and innovation behind them. Filene's impact always begins with research. Filene Feedback | Linda Young.
Arjan Schutte, Founder and Managing Partner, Core InnovationCapital, Los Angeles, CA. Amy Nelson, Chief Executive Officer, Point West Credit Union, Portland, OR. William Howle, Head of U.S. Retail Bank, Citibank, New York, NY. Ruhi Maker, Senior Attorney, Empire Justice Center, Rochester, NY. Academic Research Council Members.
A $15 million Series D round led by FTV Capital has boosted the total capital of prepaid solutions provider, CashStar , to $50 million. New investor Mosaik Partners and current investors, Passport Capital, Intel Capital, and North Hill Ventures also participated.
Here’s a funding from one of our more interesting alums that slipped below the radar last month: mobile payment innovator Passport has raised $8 million in new funding. The Series B round was led by MK Capital, and featured participation from Grotech Ventures and Relevance Capital. ” Youakim said.
In the last years, most of the focus on innovation in financial services has been, it seems, on banking (investing and lending) and payment. In the past 20 years, arguably the investment side of the insurance business has seen the most innovation. A classic case of Innovator’s dilemma. billions. A new carrier?
HQ: Portland, Oregon. HQ: Portland, Oregon. Capital Match. Source: Bank Innovations. Drip Capital . Source: Bank Innovations. Source: Bank Innovations. Source: Bank Innovations. Source: Bank Innovations. HQ: San Mateo, California. Latest round: $2 million Seed. Source: Crunchbase.
In total, there were 13 fintech startups (or 15 by the Bank Innovations definition ), 12% of the total YC W16 class of 109. HQ: Portland, Oregon. Connects marketplace lenders to institutional capital. Tags: Investors, big data, business intelligence, investing, capital markets. Source: Crunchbase. CrowdStreet.
Anyone who follows the industry knows this focused institution led by Findlay is all about executing the timeless principles of capital management, credit quality, efficiency and customer service. Award – goes to CNBC’s Jim Cramer , who lamented that banks should have been innovating offerings like those delivered by PayPal and Square.
Closer look: The Geely-owned Volvo car brand has placed an emphasis on safety innovations when it comes to developing self-driving passenger vehicles. In late 2016, it created a new Autonomous Driving Group (ADG) and committed $250M to auto tech investments through its Intel Capital arm. acquisition of Mobileye.
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