Banking

UK Unicorn Zilch extends Series C by $50m bringing total to $160m

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Thursday, June 30, 2022 - 5:01am

Zilch , the London-based double unicorn, today announced it has secured an additional $50m in funding, taking the total raise for its Series C to $160m.

Key Points: 
  • Zilch , the London-based double unicorn, today announced it has secured an additional $50m in funding, taking the total raise for its Series C to $160m.
  • The extension brings Zilchs total funding to more than $460m in debt and equity and sees the fintech company maintain its valuation.
  • In the last six months Zilch has leveraged its innovative, direct-to-consumer approach to double underlying sales and revenue.
  • Customers can pay on debit (with up to 2% instant cashback and rewards) or credit (pay-in-4) for no interest or late fees, anywhere.

ORIX Submits Form 20-F for Filing for the Fiscal Year Ended March 31, 2022

Retrieved on: 
Thursday, June 30, 2022 - 2:23am

ORIX Corporation (TOKYO: 8591; NYSE: IX; ISIN:JP3200450009) has submitted its annual Form 20-F for the fiscal year ended March 31, 2022 to the U.S. Securities and Exchange Commission on June 29, 2022.

Key Points: 
  • ORIX Corporation (TOKYO: 8591; NYSE: IX; ISIN:JP3200450009) has submitted its annual Form 20-F for the fiscal year ended March 31, 2022 to the U.S. Securities and Exchange Commission on June 29, 2022.
  • Since entering Hong Kong in 1971, ORIX has spread its businesses globally by establishing locations in 28 countries and regions across the world.
  • Going forward, ORIX intends to utilize its strengths and expertise, which generate new value, to establish an independent ORIX business model that continues to evolve perpetually.
  • In this way, ORIX will engage in business activities that instill vitality in its companies and workforce, and thereby contribute to society.

CoreVest Completes $313 Million Single-Family Rental Securitization

Retrieved on: 
Wednesday, June 29, 2022 - 9:33pm

CoreVest American Finance Lender LLC (CoreVest), a leading lender to residential real estate investors nationwide and a division of Redwood Trust, Inc., today announced that it has closed a $313 million securitization (CAFL 2022-1) backed by its single-family rental (SFR) loans.

Key Points: 
  • CoreVest American Finance Lender LLC (CoreVest), a leading lender to residential real estate investors nationwide and a division of Redwood Trust, Inc., today announced that it has closed a $313 million securitization (CAFL 2022-1) backed by its single-family rental (SFR) loans.
  • The transaction represents CoreVests second securitization in 2022, 19th SFR securitization and 21st overall securitization.
  • This will also be CoreVests first securitization to include data aligned with the Sustainability Accounting Standards Board (SASB) environmental, social and governance (ESG) guidance framework.
  • The strength of our securitization platform continues to be an important point of differentiation for CoreVest, supporting our growth and capital flexibility, as we offer a compelling product with quality underwriting standards, said Christopher Hoeffel, President of CoreVest.

Alerus Financial Corporation to Announce Second Quarter 2022 Financial Results on Wednesday, July 27

Retrieved on: 
Wednesday, June 29, 2022 - 10:00pm

Alerus Financial Corporation is a diversified financial services company headquartered in Grand Forks, ND.

Key Points: 
  • Alerus Financial Corporation is a diversified financial services company headquartered in Grand Forks, ND.
  • Through its subsidiary, Alerus Financial, N.A., Alerus provides innovative and comprehensive financial solutions to businesses and consumers through four distinct business segments banking, retirement and benefits services, wealth management, and mortgage.
  • Alerus Financial banking and wealth management offices are in Grand Forks and Fargo, ND, the Minneapolis-St. Paul, MN metropolitan area and Scottsdale and Mesa, AZ.
  • Alerus Retirement and Benefits plan administration offices are in St. Paul, MN, East Lansing, MI, and Littleton, CO.
    View source version on businesswire.com: https://www.businesswire.com/news/home/20220629005942/en/

Regional Management Corp. Expands Operations to Indiana

Retrieved on: 
Wednesday, June 29, 2022 - 9:15pm

Regional Management Corp. (NYSE: RM), a diversified consumer finance company, announced today that it has expanded its operations to Indiana, its 15th U.S. state, with the opening of its first branch in Merrillville.

Key Points: 
  • Regional Management Corp. (NYSE: RM), a diversified consumer finance company, announced today that it has expanded its operations to Indiana, its 15th U.S. state, with the opening of its first branch in Merrillville.
  • Regional Management operates under the name Regional Finance online and in branch locations in 15 states across the United States.
  • Forward-looking statements are not statements of historical fact but instead represent Regional Management Corp.s expectations or beliefs concerning future events.
  • Regional Management is not responsible for changes made to this document by wire services or Internet services.

BNY Mellon Municipal Bond Closed-End Funds Declare Distributions

Retrieved on: 
Wednesday, June 29, 2022 - 9:24pm

BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Mellon Investment Management.

Key Points: 
  • BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Mellon Investment Management.
  • BNY Mellon Investment Management is one of the worlds largest asset managers, with $2.3 trillion in assets under management as of March 31, 2022.
  • Through an investor-first approach, BNY Mellon Investment Management brings to clients the best of both worlds: specialist expertise from eight investment firms offering solutions across every major asset class, backed by the strength, stability, and global presence of BNY Mellon.
  • BNY Mellon Investment Management is a division of BNY Mellon, which has $45.5 trillion in assets under custody and/or administration as of March 31, 2022.

PrimeLending® announces Michael Heeb (NMLS: 470225) as new Area Manager in the Pacific Northwest Region

Retrieved on: 
Wednesday, June 29, 2022 - 8:59pm

National residential lender PrimeLending, a PlainsCapital Company, announces the promotion of Michael Heeb to Area Manager in the Pacific Northwest region, overseeing Alaska, Idaho, and Montana.

Key Points: 
  • National residential lender PrimeLending, a PlainsCapital Company, announces the promotion of Michael Heeb to Area Manager in the Pacific Northwest region, overseeing Alaska, Idaho, and Montana.
  • Michael brings 20 years of mortgage industry experience to his new role after 7 years as Branch Manager at the Eagle, ID branch and its 7 satellite branches, including Bozeman, MT.
  • Now serving as an Area Manager in PrimeLendings Pacific Northwest Region, Michael will work with residents in the community on purchase and refinance mortgage loans needed throughout Alaska, Idaho, and Montana areas.
  • These skills are exactly what we need to drive our business forward in key western markets, said Al Velasco, EVP West Division Manager at PrimeLending.

Business Trade Fair Global Event is Coming to Minneapolis!

Retrieved on: 
Wednesday, June 29, 2022 - 8:46pm

Business Trade Fair Global will hold a BIG Trade Fair event for the first time at the Minneapolis Convention Center on October 1st, 2022, featuring leading companies from the top industries to aspiring Small Businesses across the globe.

Key Points: 
  • Business Trade Fair Global will hold a BIG Trade Fair event for the first time at the Minneapolis Convention Center on October 1st, 2022, featuring leading companies from the top industries to aspiring Small Businesses across the globe.
  • The Business Trade Fair event will take place at the Minneapolis Convention Center, located at 1301 Second Avenue South, Minneapolis, MN 55403, and will be open to the public from 9:30 am until 6:30 pm.
  • Business Trade Fair Global is an international group that gets small, medium, or big size business in the eyes of consumers in large metropolitan areas and regions by hosting and sponsoring large trade fair events and expos.
  • Make sure your business participates by registering for this event as soon as possible before time and space run out.

KBRA Releases Report Assigning AAA Rating to Commonwealth of Massachusetts Unemployment Insurance Trust Fund 2022 Series A and 2022 Series B; Outlook is Stable

Retrieved on: 
Wednesday, June 29, 2022 - 8:06pm

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

Key Points: 
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority.
  • Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

Alameda County Adds Mischler Financial Group for Cash Management Mandate

Retrieved on: 
Wednesday, June 29, 2022 - 7:38pm

BLFT is a government money market fund designed for investors seeking to further positive social outcomes through their cash management.

Key Points: 
  • BLFT is a government money market fund designed for investors seeking to further positive social outcomes through their cash management.
  • Our investment in BLFT aligns with Alameda Countys strategic vision, Vision 2026 , which assures a positive outlook for our future and the future of our children, stated Henry Levy, the County Treasurer-Tax Collector and Head of the Alameda County Investment Pool.
  • Mischler Financial Group Shares, Inc. (Mischler), the financial industrys oldest diversity-certified broker-dealer owned and operated by service-disabled veterans, and a certified Minority Business Enterprise (MBE), is among the select diversity-certified firms who BlackRock has partnered with to establish dedicated share classes for the fund.
  • La-Yona Rauls, Managing Director and Head of Corporate Cash Strategies for Mischler, stated, Were thrilled to provide a cash management solution for Alameda County, which meets their liquidity needs while simultaneously supporting diverse communities and businesses.