Just as all politics is local, all business is ultimately local. National and international media tend to cover the large local companies, which tend to get identified with their country of origin. PayPal is American. Ant Group is Chinese. Wise is British. Klarna is Swedish.
Yet the FinTech revolution is going local, as reflected in the following selection of FinTech deals reported this week in local U.S. business media:
Holmdel (NJ) Fintech partners with Chicago-based bank
“BMO Harris Bank will use Hope Trust’s platform to sponsor 20 of its clients with one-year licenses for its planning service and administration platform for clients with special needs and their families.”
Detroit’s Signal Advisors draws $16M to expand FinTech platform
“Signal Advisors, a tech-enabled distributor of annuities and life insurance in Detroit, has announced a $16 million in new funding, including a $10 million Series A led by General Catalyst, a venture capital firm with offices on both coasts.”
Oakland (CA) FinTech CNote debuts service to help companies invest in economic equality
“Mastercard is among the companies turning to the Bay Area fintech to help support minority-owned businesses and low-income communities.”
Atlanta retail fintech startup SUNDAY raises massive, $24M seed round
“SUNDAY, a financial technology startup for QR code restaurant payments, launched today with a $24 million seed round and a staff of 40. It’s an explosive launch for any startup, which typically start with little to no funding or employees in the early stages.”
Westbrook (ME) FinTech firm acquired by Seattle company
“Avalara, a Seattle-based provider of tax compliance automation for businesses, has acquired Westbrook-based financial technology company DAVO Technologies for an undisclosed price, according to a news release Tuesday.”
Cincinnati FinTech lands Los Angeles-based backers
“A Cincinnati-based startup just earned the backing of some of its industry’s biggest names.
Akru, which aims to increase access to real estate investing through technology, announced Friday it has received an undisclosed investment from Los Angeles-based Draper Goren Holm. The funding comes as officials work to complete a $2.2 million round of seed funding, according to a news release.”
They may not be the mega, mega deals in the major FinTech cities that make the national news, but they sound like good, solid deals. FinTech is local now.
