Forget VC Money. This Company Wants to Loan You up to $10 Million
Investment firm Clearbanc doesn’t want a chunk of your company or a big interest payment in exchange for funding. AI helps decide who gets the money, and they’ve funded more women because of it.
Source: Fast Company
JPMorgan Chase Ends Business Loan Partnership With OnDeck
New York-based OnDeck announced last week that JPMorgan plans to stop originating loans through the partnership.
Source: American Banker
Can Elizabeth Warren Bring More Diversity to the Tech Industry?
As part of her plan to close the racial wealth gap, Warren proposes $7 billion in federal funding to a Small Business Equity Fund. The policy would effectively make the federal government the nation’s largest investor in minority-run startups.
Trump points to Opportunity Zones to Show How He’s Helped Cities. Has It Worked?
Cities like Baltimore has indeed seen increased interest from investors, but some criticize the program, objecting to what they call its trickle-down economics.
Source: Baltimore Sun
Dollar Bank Selects Numerated for Its Expansion Strategy
U.S.-based Dollar Bank has selected Numerated, a Massachusetts Series B funded startup to provide a real-time lending and sales platform to attract and expand relationships in its business expansion strategy.
Source: IBS Intelligence