Author: External Source

Existing Investor Participation in Raise Shows Confidence in Company Direction Alpharetta, Ga (BUSINESS WIRE) – DefenseStorm, the leading provider of cyber risk management solutions and co-managed services to financial institutions, recently completed a Series C-1 raise. The round was led by a number of existing investor partners, including Georgian, Curql, and Live Oak Ventures. Joining the round is new investor the Btech Consortium Fund, a group of community banks leveraging technology to better serve their customers. Community banks are innovating their

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The Fund, anchored by leading investors committed to building better communities, will support banks addressing the racial wealth and income gap CLEVELAND, OH, November 27, 2023 /24-7PressRelease/ -- The Mission Driven Bank Fund, anchored by Microsoft and Truist, announces its first close of over $110 million. The more than 300 FDIC-insured Minority Depository Institutions and Community Development Financial Institution banks across the country are essential to expand access to financial services in unbanked and underbanked communities. The

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Funding underscores shift toward open banking and the demand for seamless core integration and innovation Investors represent 200 community financial institutions PortX forms Credit Union Service Organization (CUSO) Seattle (Sep. 27, 2023) – PortX, a leader in integration and open banking for community financial institutions and fintechs, announced today the successful close of its Series B funding round, securing $16.5 million, co-led by FUSE, a Pacific Northwest-based venture capital firm, and Curql, a collective of

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"Several large and tech-forward community banks have joined as founding members of the Btech Consortium, and we have strong interest from others,” adds Fred Cummings. “We also have smaller tech-forward bank members with less legacy technology, making it potentially easier to transition to cloud-native platforms. We welcome banks interested in the Consortium to contact us about joining.” Btech Consortium Launches to Advance Community Bank TechnologyConsortium’s mission is to empower community banks and the local communities

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“The FDIC is pleased that Microsoft and Truist have selected managers for the Mission Driven Bank Fund to provide capital investment for Minority Depository Institutions and CDFI banks,” said Betty Rudolph, Director of the Office of Minority and Community Development Banking at the FDIC. Dec. 15, 2022, Washington – Elizabeth Park Capital Management (Elizabeth Park) and Calvert Impact announced they are teaming up on an investment fund to invest in mission-driven U.S. banks. The Mission Driven Bank

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ChatGPT, DALL•E 2, Stable Diffusion, and other artificial intelligence products have captured imaginations over the past year by generating striking images never before drawn and writing stories never before read. A parallel renaissance has taken over fraud control. Banks and credit unions for years have employed AI to reduce fraud, and they are increasingly doing so today. A recent survey by the identity security company Alloy found that 59% of financial service companies are looking to invest in machine

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24/7/365 payment capability. Increasingly it’s important to move money quickly, efficiently and accurately. The ability to offer payment specialization is an excellent way for banks to gather deposits and provide their customers with a competitive advantage.

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We thought you would be interested in the recent announcement that Say Technologies is being acquired by Robinhood for approximately $140 million in an all cash deal. Strandview principals have personally invested in and advised Say since its founding in 2017.  Say’s founders previously worked at Strandview’s predecessor funds and at Acorns, a predecessor portfolio investment that recently announced a $2.2 billion IPO through a SPAC merger. Say is a shareholder reporting and communication platform

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Acorns Grow Incorporated ("Acorns"), the saving and investing app, has entered into a definitive business combination agreement with Pioneer Merger Corp. (NASDAQ: PACX) ("Pioneer"), a publicly traded special purpose acquisition company. The combined company (the "Company") will continue as a publicly listed entity and have an expected pro forma fully-diluted equity value of approximately $2.2 billion, assuming no redemptions.  Institutional investors including Wellington Management, Senator, Declaration Partners, Greycroft, The Rise Fund, TPG's global impact investing platform, and

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