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NORTHWESTERN MUTUAL DEDICATES NEARLY $2 MILLION INVESTMENT TO MILWAUKEE NEIGHBORHOODS

Northwestern Mutual | August 18, 2020

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More than one-fourth of Milwaukee's Black residents, regardless of household income, live in neighborhoods of concentrated poverty. Northwestern Mutual believes that collaboration with residents and local organizations is essential to understanding the challenges and opportunities facing not only its hometown, but communities nationwide. Through its Foundation, the company today announced a donation of nearly $2 million in grants to foster safe neighborhoods, healthy and thriving youth, stro...

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SILA RAISES $7.7 MILLION TO MAKE ACH PAYMENTS PROGRAMMABLE

Sila | April 09, 2020

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Sila, the banking and API payment platform set up by former Simple co-founder Shamir Karkal, has closed a $7.7 million seed funding round. The round is co-led by VC firms Madrona Venture Group and Oregon Venture Fund, with support from Mucker Capital, 99 Tartans, Taavet Kinrikus, CEO & Co-founder of Transferwise, and investor & entrepreneur Jerry Neumann. Sila launched its Infrastructure-as-a-Service (IaaS) platform in April 2019 to help companies integrate their business applications wi...

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FINTECH

PAYSAFE TO ACQUIRE VIAFINTECH

Paysafe | August 23, 2021

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Paysafe, a leading specialized payments platform, today announced that it has signed a definitive agreement to acquire market-leading German fintech company, viafintech, in an all-cash transaction. viafintech, known under the brands of Barzahlen/viacash and viacash, offers the largest, bank independent, payments infrastructure in the DACH region, allowing a popular alternative to the traditional banking structure. For Paysafe, this latest acquisition not only boosts its growth opportunities in G...

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CREDIT SUISSE SAYS ‘COMPLETE LOSS’ LIKELY FOR BUYERS OF OIL ETN

Credit Suisse | April 03, 2020

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Credit Suisse (SIX:CSGN) has a message for investors in its triple-leveraged oil ETN: Buy at your own risk. The intraday indicative value of the VelocityShares Daily 3x Inverse Crude exchange-traded notes, or DWTIF, was equal to or less than $0 on Thursday, according to a Credit Suisse statement. As a result, the closing indicative value will be $0, which means current holders and future buyers won’t receive a payout at maturity, if the ETN is called or if they attempt to redeem, it said. ...

Read More
news image

NORTHWESTERN MUTUAL DEDICATES NEARLY $2 MILLION INVESTMENT TO MILWAUKEE NEIGHBORHOODS

Northwestern Mutual | August 18, 2020

More than one-fourth of Milwaukee's Black residents, regardless of household income, live in neighborhoods of concentrated poverty. Northwestern Mutual believes that collaboration with residents and local organizations is essential to understanding the challenges and opportunities facing not only its hometown, but communities nationwide. Through its Foundation, the company today announced a donation of nearly $2 million in grants to foster safe neighborhoods, healthy and thriving youth, stro...

Read More
news image

SILA RAISES $7.7 MILLION TO MAKE ACH PAYMENTS PROGRAMMABLE

Sila | April 09, 2020

Sila, the banking and API payment platform set up by former Simple co-founder Shamir Karkal, has closed a $7.7 million seed funding round. The round is co-led by VC firms Madrona Venture Group and Oregon Venture Fund, with support from Mucker Capital, 99 Tartans, Taavet Kinrikus, CEO & Co-founder of Transferwise, and investor & entrepreneur Jerry Neumann. Sila launched its Infrastructure-as-a-Service (IaaS) platform in April 2019 to help companies integrate their business applications wi...

Read More
news image

FINTECH

PAYSAFE TO ACQUIRE VIAFINTECH

Paysafe | August 23, 2021

Paysafe, a leading specialized payments platform, today announced that it has signed a definitive agreement to acquire market-leading German fintech company, viafintech, in an all-cash transaction. viafintech, known under the brands of Barzahlen/viacash and viacash, offers the largest, bank independent, payments infrastructure in the DACH region, allowing a popular alternative to the traditional banking structure. For Paysafe, this latest acquisition not only boosts its growth opportunities in G...

Read More
news image

CREDIT SUISSE SAYS ‘COMPLETE LOSS’ LIKELY FOR BUYERS OF OIL ETN

Credit Suisse | April 03, 2020

Credit Suisse (SIX:CSGN) has a message for investors in its triple-leveraged oil ETN: Buy at your own risk. The intraday indicative value of the VelocityShares Daily 3x Inverse Crude exchange-traded notes, or DWTIF, was equal to or less than $0 on Thursday, according to a Credit Suisse statement. As a result, the closing indicative value will be $0, which means current holders and future buyers won’t receive a payout at maturity, if the ETN is called or if they attempt to redeem, it said. ...

Read More