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FINTECH PLATFORM FUSE AUTOTECH RAISES $10M IN SERIES A FUNDING LED BY TARGET GLOBAL
FUSE Autotech, a fintech software platform that redefines the car buying process, today announced the completion of its $10 million Series A round of financing, led by Target Global with participation from PICO Venture Partners, Christopher Muhr, former COO of Auto1 (FSE: AG1), and Escavel Capital. This new round of funding will be used to expand FUSE’s product and R&D teams.
“We are excited to complete this round together with leading auto industry software experts whose significant experience adds enormous value as we scale our company,” said Colton Ray, FUSE Autotech’s CEO. “The investment will allow us to expedite development and focus on expansion.”
VARICENT ACQUIRES CONCERT FINANCE
Varicent, the industry-leading provider of incentive compensation and sales performance management solutions, has acquired Concert Finance (Concert), an innovative provider of commissions software designed by compensation experts. The move to acquire Concert Finance first started in May when Concert was looking to scale its rapid growth, and Varicent was looking to expand its Incentive Compensation Management (ICM) portfolio into the SMB market. The deal closed on July 9, 2021.
HOLDEX FINANCE PLANNING TO CHANGE THE DEFI INDUSTRY
An innovative and modernized technical marvel in the field of Fin-Tech and DeFi is Holdex Finance. The goal of this platform is to form decentralized, transparent, and secure investments in cryptocurrencies. Embedded with state-of-the-art automated solutions and unique developments, the team had managed to reduce the risks and errors, resulting in the generation of more profit for crypto investors. Another characteristic of this platform is that they have a unique token distribution design and farming benefits. Users can make any transactions and investments here, which will be automated using the H-APY scanner and the H-ATB bot.
ECAPITAL CORP. ANNOUNCES COLLABORATION WITH VISA® DELIVERING COMMERCIAL CREDIT PRODUCTS TO FREIGHT CLIENTELE
eCapital Corp. (“eCapital” or “the Company”), a leading capital solutions provider for small and medium-sized businesses in North America and the UK, today announced the launch of a new commercial credit card program with Visa, the world leader in digital payments. The eCapital platform provides clients with direct connections to the funds in their eCapital accounts and robust reporting to manage all Visa transactions. Through this collaboration, the Company can offer clients new options for receiving funds through a commercial credit card and accessing a revolving line of credit to bridge the gap in day-to-day business cash flow.
CREDEVOLV LAUNCHES PLATFORM TO BRIDGE GAPS IN CREDIT EQUITY
Launching today, fin-tech platform CredEvolv revolutionizes the path to achieving and maintaining good credit, offering millions of consumers a path to financial stability. CredEvolv’s mission is to turn “no” in to “not yet” by breaking down the barriers to credit equity and guiding consumers seeking improved credit on a journey to sustainable, lifelong credit well-being.
Through the acquisition of Get Credit Healthy, Inc. — a platform focused on single loan fulfillment – CredEvolv shifts to a strategy based on lifelong credit wellness. With the experience of Get Credit Healthy Founder, Elizabeth Karwowski, and banking and mortgage industry veterans, Jeff Walker and Steve Romano, CredEvolv tackles credit and lending inequity so that underserved, credit-challenged customers can be on a path to homeownership.
TEGRIA AND CEDAR ANNOUNCE STRATEGIC PARTNERSHIP TO HUMANIZE THE HEALTHCARE FINANCIAL EXPERIENCE
Tegria, a next-generation healthcare technology and services company, and Cedar, a market-leading healthcare financial technology platform, today announced the formation of a strategic partnership. The partnership will bring Cedar’s consumer-facing financial engagement platform to Tegria customers and deliver Tegria’s robust revenue cycle management expertise to Cedar’s extensive client base, enabling a seamless, intuitive and dependable financial experience for both providers and patients.
“Tegria’s partnership with Cedar elevates our ability to humanize the healthcare experience, in this case by providing clearer information, greater simplicity and more flexibility in the payment process,” said Wasif Rasheed, chief revenue and growth officer of Providence, which launched Tegria in October 2020. “Tegria’s revenue cycle management practice has a strong track record of delivering payment processes that simplify the financial experience for both patients and providers. Integrating Cedar into our suite of offerings will enable our hundreds of provider customers to benefit further from efficiencies, boost their patient engagement, and focus more fully on patient care.”
ACCOUNTING SEED UNVEILS NEW FINANCIAL REPORTING TOOL
Top-rated accounting software, Accounting Seed, implements a new version of its Financial Reporter which is now fully implemented with the Salesforce Lightning user interface (UI). This upgrade also brings significant updates to the platform’s standard and custom reports, enabling users to easily access, navigate, update, and export financial reports.
READY CAPITAL ANNOUNCES ACQUISITION OF RED STONE
Ready Capital Corporation (NYSE: RC) (“Ready Capital”), a multi-strategy real estate finance company that originates, acquires, finances and services commercial loans, today announced its acquisition of Red Stone and its affiliates (“Red Stone”). Red Stone is a real estate finance and investment company that provides innovative financial products and services to the multifamily affordable housing industry. Red Stone’s management team, led by John Sokolovic, and all employees have joined Ready Capital. The acquisition will further diversify Ready Capital’s business and represents its commitment to affordable housing.
“Affordable housing finance presents a significant growth opportunity that will benefit our shareholders by expanding our presence in a sector with low correlation to our other businesses,” said Tom Capasse, Chairman and Chief Executive Officer of Ready Capital. “Moreover, the team at Red Stone has enormous talent and we look forward to building on their success collaboratively in the future.”