California Financial Services

Gemspring Capital | July 27, 2020

Gemspring Capital, a middle-market private equity firm, is pleased to announce its acquisition of Cforia Software, LLC (“Cforia”), a leading provider of order-to-cash (OTC) automation software. Based in Westlake Village, CA, Cforia’s OTC automation software platform improves collections and cash management for B2B customers globally. Co-founders Chris Caparon and Dave McIntyre designed the Cforia platform to allow companies to accelerate the conversion of accounts receiv...

FINANCIAL MANAGEMENT,FINTECH

BlackRock and iShares | August 19, 2022

BlackRock has expanded its Megatrends platform with the launch of the BlackRock Future Financial and Technology ETF. The Fund is actively managed by BlackRock’s Fundamental Equity (FE) franchise and seeks to maximize total return by investing in companies delivering innovative and emerging technologies that are driving disruption within the financial services industry. “In the United States alone, the use of fintech increased by 30% during the pandemic1, ...

FINTECH

ForwardAI | April 23, 2021

The lending procedures that financial institutions use to qualify SMB borrowers are way out of date while rising fraud cases and costs disproportionately impact smaller banks, credit unions, and digital lenders. ForwardAI, a lender-first fintech platform, launched ForwardAI Precise today, an API that provides the most comprehensive suite of cash flow, accounting, and financial data for small business loans available today. ForwardAI Precise gives lenders real-time access to more than 160 points ...

SoftBank | February 12, 2020

SoftBank (9984.T) CEO Masayoshi Son threw cold water on Wednesday on the idea of cutting his firm’s $150 billion stake in e-commerce giant Alibaba (BABA.N), after prominent activist investor Elliott Management called for big buybacks. The emergence of New York-based Elliott as a SoftBank shareholder has renewed focus on the company’s 26% stake in China’s Alibaba, the Japanese firm’s biggest asset and Son’s most successful tech bet to date. Elliott, one of the world&...