FCH | Jotup

Customers Bank Selects Funding Circle To Power Small Business Lending

Retrieved on:

Monday, November 13, 2023

Banking, Professional Services, Small Business, Technology, Software, Customers Bancorp, Funding Circle, LSE, Small business, Marketing, Laas, Partnership, SBA, Growth, SMB, FCH, SVP, Bank

Funding Circle (LSE: FCH), the online lending platform for small businesses, today announced Customers Bank is expanding its digital SMB lending capabilities through Funding Circle’s embedded Lending as a Service (LaaS) platform .

Key Points:

Funding Circle (LSE: FCH), the online lending platform for small businesses, today announced Customers Bank is expanding its digital SMB lending capabilities through Funding Circle’s embedded Lending as a Service (LaaS) platform .
The agreement allows Customers Bank to embed Funding Circle's end-to-end digital lending platform in its product suite and marketing assets.
The platform handles all elements of offering a loan, allowing Customers Bank to provide its small business customers seamless access to affordable term loans up to $500,000 in as quickly as 48 hours.
This exciting partnership follows a historic announcement by the U.S. Small Business Administration that it has granted Funding Circle a license to offer SBA 7(a) small business loans nationwide which will be available through Funding Circle in early 2024.

Funding Circle Awarded “FinTech of the Year”

Retrieved on:

Tuesday, November 7, 2023

Technology, Finance, Fintech, Professional Services, Small Business, Software, Networks, Internet, Data Management, LSE, FCH, Small business, SBA, Funding Circle, Multimedia, Bank, Circle

(Photo: Business Wire)

Key Points:

(Photo: Business Wire)
This win follows Funding Circle U.S.’ 10-year anniversary and last week’s historic decision by the U.S. Small Business Administration (SBA) to grant Funding Circle one of the first licenses in over 40 years to participate in the Agency’s flagship $36 billion-a-year 7(a) government guaranteed small business loan program.
Funding Circle is the first and only fintech company to be awarded a license to date and plans to begin offering 7(a) loans in early 20241.
This year’s event witnessed a record number of entries and showcased the growing impact of the fintech industry in the US.
[1] Funding Circle will be permitted to begin originating 7(a) loans once all lender oversight requirements are met to the satisfaction of SBA and upon receipt of an executed Form 750, a Small Business Administration Loan Guaranty Agreement.

Funding Circle U.S. Appoints Kos Joshi to Lead Embedded Finance & Partnerships

Retrieved on:

Monday, November 6, 2023

Funding Circle (LSE:FCH), the leading online lending platform for small businesses is pleased to announce that Kaustubh “Kos” Joshi has joined the company as the Head of Embedded Finance & Partnerships for the U.S. business where he will be responsible for executing on the company’s strategy to attract more small businesses through its embedded platform and strategic partnerships.

Key Points:

Funding Circle (LSE:FCH), the leading online lending platform for small businesses is pleased to announce that Kaustubh “Kos” Joshi has joined the company as the Head of Embedded Finance & Partnerships for the U.S. business where he will be responsible for executing on the company’s strategy to attract more small businesses through its embedded platform and strategic partnerships.
View the full release here: https://www.businesswire.com/news/home/20231106885931/en/
Kaustubh “Kos” Joshi has been appointed to Head of Embedded Finance & Partnerships at Funding Circle U.S. (Photo: Business Wire)
Kos was most recently the Head of Product for Embedded Business Financing at Goldman Sachs where he successfully launched and grew their embedded SMB financing business, including their partnership with Amazon .
"I am thrilled to lead Funding Circle’s strategy to attract more small businesses through our flexible embedded platform which leverages world class technology and superior customer experience to offer small businesses multiple financing products including SBA 7(a) loans that meet their needs wherever they are,” Kos said.
Partners such as banks, lenders and other service providers to small businesses will be able to offer their customers Funding Circle term loans and SBA 7(a) loans up to $500,000 through Funding Circle’s flexible embedded platform .

U.S. Small Business Administration Grants Funding Circle 7(a) SBLC License

Retrieved on:

Wednesday, November 1, 2023

Small Business, Professional Services, Finance, Small business, SBLC, Bank, Funding Circle, Bank for International Settlements, Research, FCH, LSE, SBA, Real estate

Funding Circle (LSE: FCH), 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.

Key Points:

Funding Circle (LSE: FCH), 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 grant Funding Circle one of the first SBLC licenses since 1982 is part of the Biden-Harris Administration’s efforts to modernize the agency and address persistent gaps in access to capital impacting small business owners and to grow the economy.
77% of Funding Circle loans are for less than $150,000, 33% go to businesses in low-moderate income neighborhoods and 40% to businesses in rural areas.
Funding Circle will begin offering SBA 7(a) Small Loans in 2024.

Breathe Right® Teams up with Football Hall of Famer, Jerry Rice and Standout College Wide Receiver, Brenden Rice to Carry on the Legacy of Better Breathing

Retrieved on:

Tuesday, October 24, 2023

Foundation Consumer Healthcare (FCH) today announced a partnership with legendary football Hall of Famer Jerry Rice and his son, standout college wide receiver Brenden Rice.

Key Points:

Foundation Consumer Healthcare (FCH) today announced a partnership with legendary football Hall of Famer Jerry Rice and his son, standout college wide receiver Brenden Rice.
The father-son duo is partnering with FCH this football season to spotlight the potential benefits and uses of Breathe Right® nasal strips.
Widely regarded as the greatest wide receiver in football history, Jerry was an early adopter of Breathe Right nasal strips and started using them during football games in the early ‘90s to help relieve nasal congestion.
Jerry is now passing on his football – and Breathe Right – legacy to his son, Brenden, who uses the nasal strips for nasal congestion relief on the field, when training, and during sleep.

Makers of Plan B One-Step® Emergency Contraception Donate More Than 325,000 Tablets of Plan B to Community Organizations Across the U.S., Helping Women Access Critical Health Resources

Retrieved on:

Wednesday, September 20, 2023

Foundation Consumer Healthcare (FCH), the makers of Plan B One-Step® 1.5 mg levonorgestrel emergency contraception (Plan B) today announced its Community Impact Program has donated more than 325,000 tablets of Plan B emergency contraception to more than 700 organizations across 48 states and Washington, D.C.

Key Points:

Foundation Consumer Healthcare (FCH), the makers of Plan B One-Step® 1.5 mg levonorgestrel emergency contraception (Plan B) today announced its Community Impact Program has donated more than 325,000 tablets of Plan B emergency contraception to more than 700 organizations across 48 states and Washington, D.C.
The Plan B Community Impact Program donates Plan B product and bilingual fact sheets free of charge to advocacy organizations supporting women in under-served communities.
We are committed to supporting women’s health programs and ensuring their access to emergency contraception for years to come.”
FCH firmly believes that access to emergency contraception and sexual health education is critically important for women everywhere.
The Plan B Community Impact Program has supported women around the country over the course of several years and will continue to expand its reach in the future.

Hydrogen Fuel Cell Truck Industry Assessment 2023-2028 | Promising Aspects of Fuel Cell Technology | What are the Deployment Strategies for Europe, China, and the US? - ResearchAndMarkets.com

Retrieved on:

Friday, June 23, 2023

As part of their hydrogen strategies, Europe, China, and the United states are actively deploying hydrogen fuel cell trucks with the main aim of reaching their emission reduction targets.

Key Points:

As part of their hydrogen strategies, Europe, China, and the United states are actively deploying hydrogen fuel cell trucks with the main aim of reaching their emission reduction targets.
In accordance with a long-term plan for the development of the nation's hydrogen industry, China aims to have 50,000 fuel cell vehicles on its roads by 2025.
Major truck manufacturers in the United States have started to work on pilot hydrogen fuel cell heavy duty truck projects.
There are a number of government schemes and initiatives in place around the world to support the development and adoption of hydrogen fuel cell trucks.

Flow Control Holdings Acquires Strahman Holdings

Retrieved on:

Wednesday, June 14, 2023

Professional Services, Engineering, Manufacturing, Finance, Asset Management, Other Manufacturing, Machinery, Food, Kerns, F&B, FCH, Acquisition, Partner, MRO, Eial Strahman

Flow Control Holdings (“FCH”), a portfolio company of Audax Private Equity and a leading provider of sanitary-flow components to the pharmaceutical, food, and beverage end markets, announced today that it has acquired the U.S. operations of Strahman Holdings, Inc. (“Strahman”).

Key Points:

Flow Control Holdings (“FCH”), a portfolio company of Audax Private Equity and a leading provider of sanitary-flow components to the pharmaceutical, food, and beverage end markets, announced today that it has acquired the U.S. operations of Strahman Holdings, Inc. (“Strahman”).
The company will continue to operate out of its headquarters in Bethlehem, PA.
“We are thrilled to welcome the Strahman business and team to FCH,” said Scott Kerns, CEO of Flow Control Holdings.
“Strahman expands our already strong product portfolio in the sanitary flow control market, enhances our value proposition to customers, and aligns with our strategic growth plans.”
Jeff Graby, CEO of Strahman, will stay on temporarily to assist with the ownership transition.
The addition of Strahman strengthens FCH’s manufacturing footprint, augments brand awareness in key end markets, and ultimately enhances the value proposition of the combined company for both Strahman and FCH customers.”
“The acquisition of Strahman, coupled with FCH’s previous acquisitions, provide considerable momentum as we become a leader in the sanitary flow control market.

Appointment of Joint Broker

Retrieved on:

Saturday, June 10, 2023

LSE, Investec, Small business, FCH, Security (finance)

Funding Circle (LSE: FCH), the lending platform for small business borrowers, is pleased to announce the appointment of Investec Bank plc (“Investec”) as its joint corporate broker with immediate effect.

Key Points:

Funding Circle (LSE: FCH), the lending platform for small business borrowers, is pleased to announce the appointment of Investec Bank plc (“Investec”) as its joint corporate broker with immediate effect.
Investec will work alongside Numis Securities Limited, the company’s existing corporate broker.

Dana Expands Support for Energy Transition through Development of Metallic Bipolar Plates for Hydrogen Electrolyzers

Retrieved on:

Monday, April 17, 2023

Hydrogen, Fuel cell, Automotive News, FCH, Steel, App Store (iOS/iPadOS), Titanium, PEM, INSPIRE, Permeability, Engineering, NYSE, Dana, Lithium, Electric power, Hannover Messe

Dana's integrated bipolar plates are made of steel or titanium with various coating options used as surface treatment of the active area.

Key Points:

Dana's integrated bipolar plates are made of steel or titanium with various coating options used as surface treatment of the active area.
To support growing global demand, Dana is installing the largest production line for metallic bipolar plates in Europe at the company's existing facility in Neu-Ulm, Germany.
Additionally, Dana has a long-term cooperation agreement with Robert Bosch GmbH to mass produce metallic bipolar plates for fuel-cell stacks.
Dana's licensed intellectual property serves as the foundation for the cooperative development and production of next-generation metallic bipolar plates.