Capital

Software Supply Chain Security Leader Binarly Closes $10.5 Million Financing Led by Two Bear Capital

Retrieved on: 
Tuesday, March 26, 2024
Data Management, Security, Technology, Software, Artificial Intelligence, Internet, Hardware, Capital, Multimedia, Medical device

Binarly , provider of an industry leading AI-powered firmware and software supply chain security platform , today announced the closing of a $10.5 million seed funding round.

Key Points: 
  • Binarly , provider of an industry leading AI-powered firmware and software supply chain security platform , today announced the closing of a $10.5 million seed funding round.
  • The company’s flagship product – the Binarly Transparency Platform – is an enterprise-class, AI-powered solution addressing firmware and software supply chain security problems by identifying known and unknown vulnerabilities and providing evidence of malicious code implants.
  • “The tools and resources available today don’t effectively address the evolving threats in our modern software supply chain,” said Binarly CEO, Alex Matrosov.
  • Under the leadership of Alex Matrosov, Binarly has the vision and skill needed to secure the software supply chain at scale.

KBRA Assigns Ratings to Provident Financial Services, Inc.

Retrieved on: 
Monday, March 25, 2024
Banking, Professional Services, Insurance, Finance, BBB, Provident Bank, Risk, NCO, ESG, Tenant, Provident, CRE, Acquisition, Capital, KBRA, Outlook, NIM, PFS, Telescopic sight

KBRA assigns a senior unsecured debt rating of BBB+, a subordinated debt rating of BBB, and a short-term debt rating of K2 to Iselin, New Jersey-based Provident Financial Services, Inc. (NYSE: PFS) ("Provident" or "the company").

Key Points: 
  • KBRA assigns a senior unsecured debt rating of BBB+, a subordinated debt rating of BBB, and a short-term debt rating of K2 to Iselin, New Jersey-based Provident Financial Services, Inc. (NYSE: PFS) ("Provident" or "the company").
  • In addition, KBRA assigns deposit and senior unsecured debt ratings of A-, a subordinated debt rating of BBB+, and short-term deposit and debt ratings of K2 to its main subsidiary, Provident Bank.
  • Provident’s ratings are supported by its well-executed banking model that has been implemented by an experienced management team, which has produced favorable long-term performance through various economic and interest rate cycles.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .

FundGuard Closes $100M Series C Funding Round

Retrieved on: 
Monday, March 25, 2024
Professional Services, Consumer Electronics, Technology, Finance, Software, Venture Capital, Investment management, Growth, Entrepreneurship, Data science, Partner (business rank), Partnership, Blumberg Capital, Customer success, Acquisition, Capital, AI, Cryptocurrency

FundGuard , the industry’s first fully cloud-native, AI-powered, multi-asset class investment accounting platform for asset managers, asset owners, custodian banks and fund administrators today announced the successful closure of its Series C funding round, amounting to $100 million.

Key Points: 
  • FundGuard , the industry’s first fully cloud-native, AI-powered, multi-asset class investment accounting platform for asset managers, asset owners, custodian banks and fund administrators today announced the successful closure of its Series C funding round, amounting to $100 million.
  • The round also saw strong participation from existing strategic investors, plus the company’s earliest financial investors: Blumberg Capital and Team8.
  • Founded in 2018, FundGuard is transforming investment operations by leveraging cloud-native technology and AI capabilities to modernize and streamline investment accounting operations and workflows.
  • “FundGuard is shaping the future of investment and fund accounting,” said Lior Yogev, CEO and Co-Founder, FundGuard.

JUST Capital Celebrates Success of Inaugural Marketing Campaign by Empower Media

Retrieved on: 
Friday, March 22, 2024
Media, Professional Services, Search Engine Marketing, Other Communications, Digital Marketing, Public Relations, Investor Relations, Marketing, Advertising, Communications, Content Marketing, Finance, Consulting, Friends, Radio, Environment, Capital, Capitalism, Corporate America, Traction, National TV

This year, JUST Capital kicked off its first-ever marketing campaign, which spotlights the significant achievements of forward-thinking, stakeholder-led companies.

Key Points: 
  • This year, JUST Capital kicked off its first-ever marketing campaign, which spotlights the significant achievements of forward-thinking, stakeholder-led companies.
  • The new campaign was developed and produced by Empower Media, the largest woman-owned media agency in America.
  • JUST Capital continues to see a significant uplift in public and corporate interest in its mission since the campaign launch.
  • Ashlee Clarke, CEO of Empower Media, remarked, "Partnering with JUST Capital gives us the incredible opportunity to create and deliver a message that will echo with genuine benefit for so many, for years to come.”
    Martin Whittaker, JUST Capital CEO, commented, “'We are thrilled with the success of our first campaign.

Dynex Capital, Inc. Declares First Quarter 2024 Series C Preferred Stock Dividend

Retrieved on: 
Friday, March 22, 2024
Construction & Property, Professional Services, REIT, Finance, Series, DX, Capital

Dynex Capital, Inc. (NYSE: DX) announced today that the Company’s Board of Directors has declared the dividend on shares of its 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE: DXPRC) for the first quarter of 2024.

Key Points: 
  • Dynex Capital, Inc. (NYSE: DX) announced today that the Company’s Board of Directors has declared the dividend on shares of its 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE: DXPRC) for the first quarter of 2024.
  • The Company will pay the regular quarterly dividend of $0.43125 per share on April 15, 2024, to shareholders of record of the Series C Preferred Stock as of April 1, 2024.

MassMutual Ascend Adds the First Trust Barclays Edge Index to Its Suite of Fixed-Indexed Annuities

Retrieved on: 
Friday, March 22, 2024
Professional Services, Insurance, Finance, Senior, MassMutual, Pleasure, Capital, Barclays, First, Life insurance

MassMutual Ascend announced the addition of the First Trust Barclays Edge Index to its fixed-indexed annuities.

Key Points: 
  • MassMutual Ascend announced the addition of the First Trust Barclays Edge Index to its fixed-indexed annuities.
  • The First Trust Barclays Edge Index is a multi-asset index seeking to provide equity and fixed income exposure through a combination of indices, including Capital Strength™ Index and Value Line Dividend™ Index, while aiming to control risk by maintaining a volatility target at or below 7%.
  • The First Trust Barclays Edge Index now joins the diverse array of available strategies in the fixed-indexed and registered index-linked annuities offerings at MassMutual Ascend.
  • “We are very excited about working with First Trust® and Barclays,” said Joe Maringer, Senior Vice President and National Sales Manager.

Hercules Capital Receives Confirmed BBB Investment Grade Rating with Revised Outlook to Positive from Morningstar DBRS

Retrieved on: 
Thursday, March 21, 2024
Professional Services, Finance, Capital, Growth, DBRS, Ecosystem, BBB, Financial services

Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that Morningstar DBRS (“DBRS”) has confirmed Hercules’ investment grade credit and corporate rating of BBB with a trend revision from Stable to Positive, as well as its underlying analysis.

Key Points: 
  • Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that Morningstar DBRS (“DBRS”) has confirmed Hercules’ investment grade credit and corporate rating of BBB with a trend revision from Stable to Positive, as well as its underlying analysis.
  • “We are very pleased that DBRS has confirmed our BBB investment grade credit and corporate rating and revised the outlook to positive,” stated Seth Meyer, chief financial officer of Hercules.
  • Historical credit performance has been strong, underpinned by a well-designed risk management framework, and demonstrated solid underwriting and portfolio monitoring performance across multiple economic cycles.
  • The Company also has a broad, diversified funding profile and conservative regulatory leverage.

FedEx Reports Higher Third Quarter Diluted EPS of $3.51 and Adjusted Diluted EPS of $3.86

Retrieved on: 
Thursday, March 21, 2024
Logistics, Supply Chain Management, Air, Retail, Transport, Delivery Services, Failure, FedEx, Automation, Railway Labor Act, Annual report, Growth, MTM, Disease, EPS, DRIVE, Business, Name, ASR, EDT, Sale, Capital, Table, Security (finance), Insurance, Bank statement, United, FedEx Express, FedEx Ground, Investment, Atmosphere, Safety, GAAP, Geography, FDX, ETR, Share repurchase

FedEx Ground operating results increased due to lower structural costs resulting from DRIVE initiatives, higher base yield, and reduced self-insurance costs.

Key Points: 
  • FedEx Ground operating results increased due to lower structural costs resulting from DRIVE initiatives, higher base yield, and reduced self-insurance costs.
  • Cost per package was flat, as lower line-haul expense and improved dock productivity offset higher first- and last-mile costs.
  • The year-to-date decrease in outstanding shares benefited third quarter results by $0.09 per diluted share.
  • FedEx expects to repurchase an additional $500 million of common stock during the fiscal fourth quarter, which will bring the fiscal 2024 buyback total to $2.5 billion.

Mad Capital Launches $50 Million Perennial Fund II to Scale Regenerative Organic Agriculture in US

Retrieved on: 
Wednesday, March 20, 2024
Finance, Consulting, Agriculture, Natural Resources, Professional Services, Health, AG, Climate change, Farmer, Risk, Eric, Climate, Capital, PFI, Nature, Carbon, Senior, Biodiversity loss, Schmidt Family Foundation, Rockefeller Foundation, PFII, Multimedia, Investment, Soil, Organic

Mad Capital launched its Perennial Fund II (PFII) to provide farmers in the United States with tailored loans that help them transition to regenerative organic farmland while also increasing farmer profits.

Key Points: 
  • Mad Capital launched its Perennial Fund II (PFII) to provide farmers in the United States with tailored loans that help them transition to regenerative organic farmland while also increasing farmer profits.
  • "Mad Capital is playing an integral role in the transition to regenerative organic agriculture.
  • Launched in 2019, Mad Capital has been actively lending to regenerative organic farmers for five years.
  • The PFII brings Mad Capital closer to its ultimate goal of financing 5,000,000 acres of regenerative organic farmland by the end of 2032.

Monroe Capital Hires Waleed Noor as Head of Middle East and Plans to Open Abu Dhabi Office

Retrieved on: 
Wednesday, March 20, 2024
Professional Services, Other Professional Services, Finance, Construction & Property, Asset Management, REIT, Banque Saudi Fransi, Commerzbank, Risk management, Goldman Sachs, Crédit Agricole, Durham University, Capital, MEA, Nottingham University Business School

Monroe Capital LLC (“Monroe”) today announced it has expanded its platform to the Middle East with the appointment of Waleed Noor as Managing Director and Head of Middle East Distribution.

Key Points: 
  • Monroe Capital LLC (“Monroe”) today announced it has expanded its platform to the Middle East with the appointment of Waleed Noor as Managing Director and Head of Middle East Distribution.
  • Monroe is in the process of opening an office in Abu Dhabi.
  • Mr. Noor will be based in Abu Dhabi and be responsible for representing Monroe throughout the region.
  • We look forward to our continued strategic growth and expansion in the Middle East,” said Ted Koenig, Chairman and CEO of Monroe Capital.