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
New York-based OnDeck announced last week that JPMorgan plans to stop originating loans through the partnership.
Source: American Banker
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.
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
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