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FinTechs Take On Payment Rail Status Quo

PYMNTS

million in new funding co-led by Madrona Venture Group and Oregon Venture Fund, while Mucker Capital, 99 Tartans, and other backers also participated, according to a company press release. The company recently announced $7.7 The company has rolled out its service in the U.K. and Sweden, it noted.

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Today In B2B: Small PPP Loans Cause Controversy; Bank Profits Sink

PYMNTS

Plus, Pilot Company collaborates on fleet factoring, Revolution Payments launches Level III commercial card processing and Porter Capital launches new PPP funding tools. Nikki Smith, a baker and caterer in Oregon, collected $96. Porter Capital Offers New Funding Tools To PPP Recipients. bank profits are expected to sink.

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AltFin Proves Its Staying Power With Asian Investors

PYMNTS

More than $150 million in venture capital bolstered the B2B FinTech market this week, and while investors made big steps into areas like human resources, fleet management and artificial intelligence (AI), it was an old favorite that saw the most, and largest, investment rounds: alternative lending. Capital Match. Alternative Lending.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

American Bank, National Association. Classic Bank, National Association. The First National Bank In Sioux Falls. Dakota Community Bank & Trust, National Association. The Miners National Bank of Eveleth. The National Iron Bank. The First National Bank of Gilbert. First Capital Bank.

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The top-performing community banks of 2021

Independent Banker

Brazos National Bank. Douglas National Bank. In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. FSNB, National Association. Pioneer Trust Bank, National Association. Capital Community Bank.

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Shipping Inconsistencies Plague Nonessential eCommerce

PYMNTS

Knowing that Nike and Amazon were in the process of breaking their sales agreement, we tried a third item: a copy of Thomas Piketty’s new book, “Capital and Ideology.” Indie bookstore Powell’s in Portland, Oregon couldn’t guarantee that the order would be processed until seven to 14 days.

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Zooming In On SMEs’ Financial Weak Spots

PYMNTS

Whatever the outcome, with strong fundamentals and capital availability, small businesses are in a good position to respond.” The report concluded this was a positive sign that SMEs have access to plenty of working capital should they need it. SMEs are in for a fight to prove their resiliency through Q4. percent. . —

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