Retail Technologies Corporation (RTC)

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...

Business Wire | August 12, 2020

The SMBX is ushering in the next wave of financial technology,” Bhavish Balhotra, CTO of SMBX. Jackie Chan, COO, added, “We're lowering the barriers to complex financial tools. Let’s use these innovations to empower communities to thrive. We are especially excited to open new pathways to capital for small business owners affected by COVID-19 and give everyday people the ability to invest in the small businesses in their community. The funding will support SMBX’s growt...

FINANCE

Marlin | January 21, 2022

Marlin Business Services Corp. announced the completion of its acquisition by funds managed by affiliates of HPS Investment Partners LLC effective January 20, 2022, for $23.50 per share in an all-cash transaction. Marlin Business Services Corp is a nationwide provider of capital solutions to small businesses. Marlin joins the Global Leasing Platforms (the "Platforms") maintained by HPS affiliates, which include PEAC UK and PEAC Europe, and operate in 11 countries combine...

FINANCE

Autobooks | October 22, 2021

Autobooks, the emerging leader in embedded invoicing and payment acceptance for financial institutions, today announced that the Central Trust Bank, a $20 billion Missouri state-chartered trust company headquartered in Jefferson City, has elected to embed the Detroit-based fintech's small business services suite into their digital banking platform. This partnership will enable The Central Trust Bank's small business customers to send digital invoices, accept payments onlin...