Tag : transaction

Octane Completes $340 Million Asset-Backed Securitization to Drive Continued Growth
Fintech News

Octane Completes $340 Million Asset-Backed Securitization to Drive Continued Growth

Fintech News Desk
by Fintech News Desk0
New Milestone with Company’s Largest AA-rated Issuance To-Date; Sustained Momentum with 2nd Securitization of 2021 Octane (Octane Lending Inc.), the fintech revolutionizing the buying experience for major recreational purchases, announced that it has closed a $340 million securitization (“OCTL 2021-2”) collateralized by its fixed-rate installment powersports loans. This successful transaction marks Octane’s......
Onex Partners to Acquire Fidelity Building Services Group
Fintech News

Onex Partners to Acquire Fidelity Building Services Group

Fintech News Desk
by Fintech News Desk0
Onex Corporation announced that Onex Partners V, Onex’ $7.2 billion fund, has agreed to acquire Fidelity Building Services Group (“Fidelity BSG” or the “company”), in partnership with the company’s management team. Fidelity BSG is a leading provider of technical building solutions for the commercial and industrial facilities market, delivering best-in-class,......
PFSweb Announces Timing Update for Late Form 10-Q Filings, Reiterates Previously Stated Outlook for PFS Business
Commerce Finance News

PFSweb Announces Timing Update for Late Form 10-Q Filings, Reiterates Previously Stated Outlook for PFS Business

Fintech News Desk
by Fintech News Desk0
PFSweb, Inc., a global commerce services company, is providing an update on the timing of the delayed filing of its Form 10-Q for the period ended June 30, 2021 (the “June 10-Q”), as well as expected timing for its Form 10-Q for the period ended September 30, 2021 (the “September......
Blue Ridge Bankshares and FVCBankcorp Provide Update to Proposed Merger
Banking News

Blue Ridge Bankshares and FVCBankcorp Provide Update to Proposed Merger

Fintech News Desk
by Fintech News Desk0
Blue Ridge Bankshares, Inc., the parent company of Blue Ridge Bank, National Association, and FVCBankcorp, Inc., the parent company of FVCbank, jointly announced an update to their previously announced business combination. “While we have additional work to do, we believe the OCC’s concerns are ones that we can solve in......
Protective Life Insurance Company Diversifies Investment Banking Partners with Minority-Owned Investment Firms
Banking Fintech Investment Services News

Protective Life Insurance Company Diversifies Investment Banking Partners with Minority-Owned Investment Firms

Fintech News Desk
by Fintech News Desk0
Protective Life Insurance Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), announced a recent transaction that included four minority-owned investment banking firms for its funding agreement-backed notes (FABN) program. Protective selected CastleOak Securities, LP., Loop Capital Markets LLC, Siebert Williams Shank and Stern as active co-managers for the FABN transaction,......
TradeStation Group To Become Public Company Through Business Combination With Quantum FinTech
Cryptocurrency Currency Exchange Digital Asset Management Fintech News

TradeStation Group To Become Public Company Through Business Combination With Quantum FinTech

Fintech News Desk
by Fintech News Desk0
Transaction aims to propel brand awareness of TradeStation’s online multi-asset trading platform and product offerings as a self-clearing online broker for the equities, options, futures and cryptocurrency self-directed investor markets $1.43 billion implied pro forma enterprise value at closing Fully committed $115 million PIPE investment by strategic and institutional investors led......
Ameba Capital Closed the World's First Fund Focusing on China SaaS Investments
E-commerce Investments News

Ameba Capital Closed the World’s First Fund Focusing on China SaaS Investments

Fintech News Desk
by Fintech News Desk0
Ameba Capital, a leading venture capital firm in China, announced the closing of a US$265 million US dollar fund, which is seeded with several China’s leading “Software as a Service” (SaaS) companies and additional capital to make early-and venture growth-stage SaaS investments in the region. The fund, which is Ameba Capital’s debut US dollar fund, is recognized......
CIT Providing $70 Million in Financing to Maritime Asset Partners
Finance News

CIT Providing $70 Million in Financing to Maritime Asset Partners

Fintech News Desk
by Fintech News Desk0
CIT Group Inc. announced that its Maritime Finance business is providing $70 million in financing to Maritime Asset Partners for the refinancing of Sterling LLC. Maritime Asset Partners is a specialized finance platform focused on leasing, secured lending and structured equity solutions. Sterling owns and operates 11 Handysize dry bulk vessels, a majority of......
Credit Acceptance Announces Completion of $250.1 Million Asset-Backed Financing
Banking News

Credit Acceptance Announces Completion of $250.1 Million Asset-Backed Financing

Fintech News Desk
by Fintech News Desk0
Credit Acceptance Corporation announced the completion of a $250.1 million asset-backed non-recourse secured financing (the “Financing”).  Pursuant to this transaction, we contributed loans having a value of approximately $312.6 million to a wholly-owned special purpose entity which will transfer the loans to a trust, which will issue three classes of......
Next-generation Cryptocurrency Bitcoin Latinum (LTNM) Continues Expansion Strategy with Eigth Listing on Hotbit Exchange
Blockchain Cryptocurrency Digital Asset Management News

Next-generation Cryptocurrency Bitcoin Latinum (LTNM) Continues Expansion Strategy with Eigth Listing on Hotbit Exchange

Fintech News Desk
by Fintech News Desk0
Demand for Bitcoin Latinum showcases a strong appetite for new digital currencies worldwide  Bitcoin Latinum (LTNM), the next generation insured asset-backed cryptocurrency, continues its aggressive expansion strategy and will be listed on Hotbit, a premier global digital asset trading platform, at the middle of Nov 2021. LTNM will be available......
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