CIBC Innovation

Finance

Expensify | February 08, 2022

CIBC Innovation Banking is pleased to announce it has provided a $100 million credit facility to Portland-based Expensify, a payments superapp that helps individuals and businesses around the world simplify the way they manage money. This funding, provided in October 2021, will further support the company’s rapid growth and product expansion, and represents a significant increase to an existing relationship between CIBC Innovation Banking and Expensify. With more than 10 mil...

Sentinelandenterprise.com | January 13, 2020

Bay Colony Development Corp., a Waltham-based company, presented a $10,000 check to NewVue Communities on Thursday to boost the organization’s efforts to support local small businesses, said Executive Director Marc Dohan. Dohan said the money will support the NewVue Communities Small Business Technical Assistance Program, which aims to help businesses in the region. “This funding will help NewVue assist more small businesses in the area and allow us to reach out to different types of...

Business Wire | January 14, 2020

Today, Alibaba.com, the B2B business unit of Alibaba Group (NYSE: BABA), shared the results of its brand new “Alibaba.com U.S. Small and Medium Business (SMB) Confidence Survey” and introduced “B2B Tuesday,” a major new awareness initiative to spotlight, celebrate and support B2B-focused U.S. SMBs, highlight their contributions to the U.S. economy and help them capture the global ecommerce opportunity. B2B Tuesday will be celebrated every Tuesday by Alibaba.com and other ...

Business Wire | January 15, 2020

At least one-third of U.S. small and medium-sized businesses accept cryptocurrency as payment for goods and services, a survey released today by HSB, part of Munich Re, has found, with newer companies up to twice as likely to trade in digital credits. The HSB nationwide survey conducted by Zogby Analytics showed that 36 percent of the small and mid-sized businesses accepted cryptocurrency, while 59 percent of those companies purchased digital currency for their own use as well. The business resp...