Financial services

US Capital Global Expands M&A Division with Appointment of New Managing Director Jeff Sayer

Wednesday, September 23, 2020 - 6:28pm

San Francisco, California, Sept. 23, 2020 (GLOBE NEWSWIRE) -- US Capital Global is pleased to announce the expansion of its Mergers and Acquisitions (M&A) division, ushered by the appointment of Jeff Sayer as its Managing Director.

Key Points: 
  • San Francisco, California, Sept. 23, 2020 (GLOBE NEWSWIRE) -- US Capital Global is pleased to announce the expansion of its Mergers and Acquisitions (M&A) division, ushered by the appointment of Jeff Sayer as its Managing Director.
  • Mr. Sayer is a global transactions leader who will direct all mergers, acquisitions, joint ventures, and divestitures at US Capital Global.
  • Its great to be joining US Capital Global as Managing Director of M&A, said Mr. Sayer.
  • The US Capital Global group manages direct investment funds and provides wealth management and capital raise services through its affiliates, including US Capital Global Investment Management LLC, US Capital Global Wealth Management LLC, and its FINRA-registered broker-dealer, US Capital Global Securities LLC.

Blend Expands Digital Lending Platform with New Configuration Capabilities for Consumer Banking

Wednesday, September 23, 2020 - 5:05pm

Blend is also broadening its consumer banking offerings to include support for three new products: Personal Loans, Credit Cards, and Specialty Vehicles.

Key Points: 
  • Blend is also broadening its consumer banking offerings to include support for three new products: Personal Loans, Credit Cards, and Specialty Vehicles.
  • According to an upcoming commissioned study conducted by Forrester Consulting on behalf of Blend, 65% of banking customers hold financial products with several different institutions.
  • Financial institutions can use Blend's suite of consumer banking products out-of-the-box or rapidly build new products on the platform to help consumers reach their financial goals.
  • For more information on Blend's expanded Digital Lending Platform and Consumer Banking Suite:
    Blend helps lenders streamline the customer journey for any banking product from application to close.

INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against JPMorgan Chase & Co. and Encourages Investors with Losses of $100,000 to Contact the Firm

Wednesday, September 23, 2020 - 3:24pm

The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of JPMorgan Chase & Co. (JP Morgan or the Company) (NYSE: JPM ) for violations of the securities laws.

Key Points: 
  • The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of JPMorgan Chase & Co. (JP Morgan or the Company) (NYSE: JPM ) for violations of the securities laws.
  • The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
  • Based on this news, shares of JP Morgan fell by more than 4% in intraday trading on September 21, 2020.
  • The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

Directed Capital Raises $92 Million for Distressed Debt Fund, Receives Combined $100 Million in Credit Facilities From Goldman Sachs, Pacific Western Bank, Valley Bank

Wednesday, September 23, 2020 - 3:30pm

Directed Capital recently closed on a $40 million credit facility from Pacific Western Bank and previously received a combined $60 million in two other separate credit facilities from Goldman Sachs Bank USA ($40 million) and Valley Bank ($20 million), which will facilitate the continued acquisition of commercial real estate loans.

Key Points: 
  • Directed Capital recently closed on a $40 million credit facility from Pacific Western Bank and previously received a combined $60 million in two other separate credit facilities from Goldman Sachs Bank USA ($40 million) and Valley Bank ($20 million), which will facilitate the continued acquisition of commercial real estate loans.
  • Directed Capital takes great pride in being able to provide solutions to borrowers when traditional lenders have failed to meet their needs, said Directed Capital CEO Chris Moench, who has specialized in acquiring and repositioning debt for 30 years.
  • In addition, from our experience dating back to the early 1990s, we believe the current market dislocation will result in outsized opportunities for Directed Capital and its investors.
  • Directed Capital is a national asset workout specialist firm that opportunistically acquires, manages, and repositions commercial mortgage loans, and originates select bridge loans, in the $1 million to $20 million range.

Tru Optik CEO Andre Swanston Appointed to Connecticut Innovations' Board of Directors

Wednesday, September 23, 2020 - 2:30pm

STAMFORD, Conn., Sept. 23, 2020 /PRNewswire-PRWeb/ -- Tru Optik , the identity resolution leader across streaming and connected media, today announced that Chief Executive Officer Andre Swanston has been appointed to the Connecticut Innovations (CI) board of directors by Connecticut Governor Ned Lamont.

Key Points: 
  • STAMFORD, Conn., Sept. 23, 2020 /PRNewswire-PRWeb/ -- Tru Optik , the identity resolution leader across streaming and connected media, today announced that Chief Executive Officer Andre Swanston has been appointed to the Connecticut Innovations (CI) board of directors by Connecticut Governor Ned Lamont.
  • Swanston joins Connecticut Innovations' 17-member board of directors, responsible for developing the overall strategic framework from which the organization creates policies and initiatives.
  • Before founding Tru Optik, Swanston served as a Vice President of Investments at JPMorgan Chase.
  • "I am honored to join CI's board of directors," said Swanston.

CIBC Innovation Banking Provides Eventus Systems with US$5 Million Growth Financing Facility

Wednesday, September 23, 2020 - 2:00pm

CIBC Innovation Banking today announced a US$5 million growth capital financing facility for Austin-based Eventus Systems Inc., a multi-award winning global trade surveillance and market risk software platform provider.

Key Points: 
  • CIBC Innovation Banking today announced a US$5 million growth capital financing facility for Austin-based Eventus Systems Inc., a multi-award winning global trade surveillance and market risk software platform provider.
  • We were impressed by Eventus ability to help its clients navigate the increasingly complex regulatory landscape facing traders, brokers and financial institutions, said Sara Johnson, Managing Director, in CIBC Innovation Bankings Austin, Texas office.
  • Were excited to work with CIBC Innovation Banking as the team understands what it takes to scale our product and support us in our growth trajectory, said Travis Schwab, CEO of Eventus.
  • CIBC Innovation Banking delivers strategic advice, cash management and funding to North American innovation companies at each stage of their business cycle, from start up to IPO and beyond.

Truist Donates $40 Million to Launch Innovative Nonprofit Fund Supporting Ethnically, Racially Diverse and Women-Owned Small Businesses

Wednesday, September 23, 2020 - 2:00pm

Through this nonprofit program, 100% of the funding will be allocated to racially and ethnically diverse small business owners, women and individuals in low- and moderate-income communities, with a focus on African American-owned small businesses.

Key Points: 
  • Through this nonprofit program, 100% of the funding will be allocated to racially and ethnically diverse small business owners, women and individuals in low- and moderate-income communities, with a focus on African American-owned small businesses.
  • "We're grateful to Truist for approaching us with the desire to fund an innovative program to provide additional CDFI lending to underserved businesses," added Woodie.
  • Truist's $40 million donation to help establish CornerSquare represents funding from both the Truist Foundation Inc. and the Truist Charitable Fund.
  • The Truist Charitable Fund is a donor-advised fund created by Truist and administered by The Winston-Salem Foundation.

Fintel Connect Named Top 10 in Best Affiliate Marketing Software by 360Quadrants

Wednesday, September 23, 2020 - 1:37pm

VANCOUVER,B.C., Sept. 23, 2020 /PRNewswire/ --Fintel Connect, the leading affiliate marketing platform for the financial industry, is proud to have been named a top ten affiliate marketing software vendor by 360Quadrants.

Key Points: 
  • VANCOUVER,B.C., Sept. 23, 2020 /PRNewswire/ --Fintel Connect, the leading affiliate marketing platform for the financial industry, is proud to have been named a top ten affiliate marketing software vendor by 360Quadrants.
  • Fintel was also recognized as an Innovator by 360Quadrants, due to its substantial product innovations and unique industry focus.
  • "Fintel Connect strives to become the leading hub for banks and fintech companies to connect with targeted financial publishers, and we believe 360Quadrants' findings attest to the unique value we bring to our customers," said Nicky Senyard, CEO and Founder of Fintel Connect.
  • Fintel Connect is an award-winning performance marketing company dedicated to serving the financial services and fintech space.

Odeon Capital Continues to Ramp Up its High Yield/Distressed Business

Wednesday, September 23, 2020 - 1:15pm

Odeon Capital Group LLC (Odeon), a New York-based independent Broker-Dealer with trading, investment banking, and research services, has added Peter Schellbach to head its corporate trading desk.

Key Points: 
  • Odeon Capital Group LLC (Odeon), a New York-based independent Broker-Dealer with trading, investment banking, and research services, has added Peter Schellbach to head its corporate trading desk.
  • Peter has worked in the distressed business for over 20 years, sourcing, selling and trading senior debt, unsecured bonds, trade claims and equities.
  • He joins Odeon from Guggenheim Securities, where hes worked for three years on their credit desk.
  • Under the leadership of Neal Thomas, a capital markets veteran with over three decades of experience in High Yield/Distressed sales and trading, the group continues to grow significantly, expanding its capital structure sales, trading, research and capital markets capabilities, across both public and private markets.

Accounting Seed London Office Joins Forces with Former Sage Financials Partners

Wednesday, September 23, 2020 - 1:05pm

COLUMBIA, Maryland, Sept. 23, 2020 /PRNewswire/ --Accounting Seed brings on four new partners for the EMEA market, many of whom were former implementation partners of the now sunsetted accounting software product, Sage Financials.

Key Points: 
  • COLUMBIA, Maryland, Sept. 23, 2020 /PRNewswire/ --Accounting Seed brings on four new partners for the EMEA market, many of whom were former implementation partners of the now sunsetted accounting software product, Sage Financials.
  • "The combination of Accounting Seed and these strong implementation partners brings new possibilities to financial management."
  • Accounting Seed was founded in 2008 by Tony Zorc, a CPA and former CFO who believes in a better way to do accounting.
  • Accounting Seed's global headquarters is located in Columbia, Maryland, U.S., and their EMEA headquarters is located in London, U.K. For more information, visit accountingseed.com.