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Next Insurance | September 23, 2020

Next Insurance, the leading digital insurtech company transforming small business insurance, today announced that it has raised $250 million in Series D financing led by CapitalG, Alphabet's independent growth fund, with participation from FinTLV, a global leading insurtech VC, and existing investor Munich RE Group. CapitalG Partner Sumiran Das will join the Next Insurance Board of Directors. Next Insurance has now raised $631 million to bring simple, affordable, and tailored insuranc...

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SpotOn | January 18, 2021

SpotOn, a leading supplier of small business software and payment solutions, announced today its partnership with jaris, a private-label embedded financial services company. The partnership will provide SpotOn clients with a streamlined application and faster processing for the second round of federal funding, as well as ongoing access to loans through SpotOn Capital. Supporting Access to PPP Funds “This round of funding is critical for small ...

Business Wire | September 07, 2020

ECI Software Solutions, a leader in cloud-based business management solutions, today announced that it has acquired ThermoGRID, a cloud-based solution that makes doing business more efficient and profitable for small to medium residential service companies. ThermoGRID will become part of ECI’s Field Service division, under division president Laryssa Alexander, and will enable ECI to reach a new segment of the market: residential service companies, including HVAC, electrical and plumbing....

Reuters | May 26, 2020

When the U.S. government first rolled out forgivable loans to small businesses in early April under the Paycheck Protection Program, loan officers at Bank of the West in Grapevine, Texas worked nights and weekends to process a tsunami of applications. But since those first few frantic weeks, demand has “just dried up,” said bank president Cindy Blankenship. On May 15 the bank stopped taking applications for PPP loans. Nationally the program remains active. But data from the Small Bus...