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BUSINESS STRATEGY
Chase | November 06, 2023
• Chase to hire 1,000 business bankers by 2025 • Small business optimism remains high, with 2/3 expecting revenue growth • JPMorgan Chase invests in small business support, including credit access and mentoring Chase has recently announced that it wants to hire 1,000 new business bankers across local markets in the United States by 2025. This strategic move ...
Finance
Novo | January 12, 2022
Novo reported that it has raised $90 million in Series B fundraising at a valuation of $700 million. Novo is a banking platform for small businesses. Stripes led the investment, with current investors Valar Ventures, Crosslink Capital, Rainfall Ventures, and BoxGroup continuing to participate. Novo's total funding to date exceeds $135 million. Michel Rangel, CEO, and co-founder of Novo, stated, "With this additional funding, Novo will take a huge leap forward in improving...
SMALL BUSINESS TRENDS
Business Wire | November 02, 2023
Funding Circle, the leading online platform for small business loans, announced today that we have received a formal notice from the US Small Business Administration (SBA) that our application has resulted in a tentative award for an SBA Small Business Lending Company (SBLC) license to participate in its flagship 7(a) small business loan program1. The SBA’s decision to g...
PYMNTS.com | March 04, 2020
Kabbage, which works with business analytics, has launched a new program that promises to help small- to medium-sized businesses (SMBs) calculate and predict cash flow and help them identify cash surpluses and deficits, according to a press release. The new program, Kabbage Insights, aims to address “one of the most vexing problems faced by small business owners,” according to the release, and comes after the company’s other recent launch of Kabbage Payments, which also works w...
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