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Square Capital Distributed 76K PPP Loans Totaling $820M

PYMNTS

Square Capital LLC processed more than $820 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans in six weeks, the firm reported. Last year, Square Capital did $2.3 Of that number, 60 percent of the borrowers had never before received a loan through Square Capital.

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JD Sports Purchases California-Based Shoe Palace

PYMNTS

Overall cash consideration for the purchase of the company is $325 million, which is subject to “customary cash/debt and working capital adjustments,” of which $100 million has been deferred and will be paid on different dates over the 12 months to come. California-based Shoe Palace was started in 1993 by the Mersho family.

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B2B FinTechs Overcome Pandemic VC Slump

PYMNTS

Talk of a venture capital plummet continues to grow, particularly in Europe, where new data from Consultancy Europe revealed that the number of venture capital deals for startups across the continent has declined every quarter since Q1 2019. with total funding nearly reaching $391.25 million this week. earlier this year.

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Popular Bank Issues Small Business Recovery Grants

PopularBank

Grant Program Provides Relief to Non-profit Organizations and Small Businesses in New York and New Jersey Significantly Impacted by COVID-19. SBRG serves to provide relief to organizations in New York and New Jersey that have been significantly impacted by COVID-19. New Jersey. Aspira Inc.,

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TS Imagine Strengthens its Marketplace Leadership with Non-Exec Board Appointments

Bobsguide

New appointments bring significant expertise from across the financial services industry to TS Imagine’s rapid growth. LONDON, 14 July 2022 – TS Imagine , a global leader in trading, portfolio, and risk management solutions for capital markets, announces the appointment of three new board members to support the firm’s rapid growth.

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Walmart Adds Two Global Governance Leaders To Support Financial Services

PYMNTS

Waddell will provide support and guidance to financial services compliance leaders across all of the company’s operating markets, including Walmart U.S., The executive comes to the retailer from Capital One , where he most recently served as vice president of compliance. eCommerce and the compliance teams in its international markets.

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Popular Bank Named Among First Investors of NWK FAM Fund

PopularBank

The new investment vehicle aims to economically empower Black and Latinx business owners throughout the City of Newark. NWK FAM Fund Seeks to Narrow the Wealth Gap in New Jersey. Backed by prominent Black and Latinx investors, NWK FAM Fund aims to raise $100 million total in investible capital. John Harmon. Carlos Medina.