Tag: invests

CIT’s Virginia Founders Fund Invests in Card Isle to Innovate the Greeting Card Industry

Technology startup offers personalized and print boutique-quality greeting cards

Card Isle was founded in 2013 by three Virginia Tech engineering students passionate about making greeting cards more personal, accessible and fun!

www.cardisle.com
Card Isle was founded in 2013 by three Virginia Tech engineering students passionate about making greeting cards more personal, accessible and fun! www.cardisle.com
Card Isle was founded in 2013 by three Virginia Tech engineering students passionate about making greeting cards more personal, accessible and fun! www.cardisle.com
Card Isle
www.cardisle.com
Card Isle www.cardisle.com
Card Isle www.cardisle.com

Richmond, VA, Oct. 12, 2020 (GLOBE NEWSWIRE) — The Center for Innovative Technology (CIT) today announced that the Virginia Founders Fund (VFF) has invested in Card Isle, a Blacksburg, Va.-based technology company that is rethinking how greeting cards can be distributed in a changing retail landscape. Card Isle offers turnkey solutions to design, order, and print personalized greeting cards, and will use this capital from VFF to continue their rapid growth in the eCommerce gifting sector and develop new markets.

 

Greeting cards have a unique ability to connect people

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Mastercard (MA) Invests in Marqeta for Global Expansion

Mastercard Inc. MA made an undisclosed investment in the fintech company named Marqeta, which instantly issues cards and processes card payments with its open Application Programming Interface (API) platform.

The financial technology startup helps young companies including digital-only issue payment cards. These cards can be both virtual and physical debit or credit cards. Apart from issuing its own cards, the company enables businesses to process credit and debit card payments.

Since 2010, Marqeta quietly established itself as the underlying tech provider for businesses and digital-only banks in issuing them payment cards. As the entity looks to expand internationally and sign up customers around the globe, it received a strategic investment from Mastercard. The infusion of cash will streamline the company’s global network certification process, which is crucial since it determines the providers who can process payments through Mastercard’s network. The two companies have been working together since 2014 in Europe

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Mastercard Invests In Marqeta In Partnership

Marqeta, the high-flying card issuing platform, is getting a financial boost from a longtime business partner, Mastercard.

The California-based FinTech, whose open API platform enables companies like Square, DoorDash and Instacart to issue credit and debit cards and process payments, announced Thursday (Oct. 8) that Mastercard will “make a financial investment” as the two companies look “deepen their global partnership.”

The amount of the investment was not disclosed.

However, the card issuing platform said the infusion of cash will help it speed up its international expansion, in particular by “streamlining its global network certification process.”

That certification, in turn, is crucial since it determines which providers can process payments through Mastercard’s network, the two companies noted in a press release on their expanded partnership.

“With a shared vision to provide innovative and flexible financial products and solutions to our customers, we’re thrilled to

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Mastercard Invests in Another Fintech, Marqeta

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Mastercard Inc. credit and debit cards


Andrew Harrer/Bloomberg


Mastercard

has invested in Marqeta, a card-issuing platform, as it extends its partnership with the fintech.

Financial terms weren’t disclosed. Marqeta provides API technology that helps companies like Square (ticker: SQ), Instacart, and DoorDash issue cards, including debit or credit, and process payments for their customers.

Since 2014, Marqueta and Mastercard (ticker: MA) have worked together helping fintechs and digital banks across North America and Europe bring card products and programs to market, the statement said. With Mastercard’s help, Marqeta will expand into new geographies, beginning with the Asia Pacific. The two companies also will collaborate to provide open access to Mastercard products for Marqeta customers, a statement said.

“Mastercard’s investment in Marqeta is a significant validation of the power of modern card issuing and the strength of our technology,” said Jason Gardner, founder and CEO at Marqeta, in the

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Trump Administration invests more than $1 million in Rural Business Development in MissouriOzark Radio News




West Plains, Willow Springs receiving USDA grant funds

The Trump Administration, along with Department of Agriculture (USDA) Rural Development State Director for Missouri Jeff Case, today announced 20 organizations statewide are being awarded a total of $1,068,984 to create jobs and increase economic opportunities throughout the state.

“When rural, small businesses expand and do well, it leads to a positive impact on the economy of the communities they reside in and serve.  USDA Rural Development’s highly competitive Rural Business Development grant program partners with these businesses to provide funding for expansion, training, technical assistance, and other economic development opportunities ensuring Missouri’s rural communities prosper and grow,” said Trump Administration Official State Director Case.  “Under the leadership of President Trump and Agriculture Secretary Perdue, USDA has been working tirelessly to be a strong partner to rural Missouri in building stronger and healthier communities, because we know when

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The Firmament Group Invests in Healthcare Consulting Services Provider e4 Services

NEW YORK, Oct. 1, 2020 /PRNewswire/ — The Firmament Group (“Firmament”), a leading provider of tailored debt and equity capital solutions to small- and medium-sized enterprises (SMEs), announced today the successful closing of a financing to e4 Services, LLC (“e4” or the “Company”). e4 is a provider of healthcare consulting and professional services to hospitals and health systems across the United States.

Co-Founders Niall Doherty and Mike Brensinger commented, “We are thrilled to partner with The Firmament Group. Their team has deep experience in healthcare across a number of verticals, and we are excited to have their support as we continue to grow our business and provide world-class service to our customers.”

Firmament’s Green Campbell added, “Mike and Niall have built an outstanding business. e4 is an excellent fit with our investment strategy given its leading market position, strong customer relationships, reputation, and attractive growth prospects. We are

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Mastercard invests $500 million to help close the racial wealth gap

  • Mastercard announced Thursday that it will commit $500 million to help close the racial wealth gap in the US.
  • Marla Blow, senior vice president of social impact for Mastercard, said Black Americans have been left behind in the financial system.
  • The median white family had more than 10 times the wealth of the median Black family in 2016, the Fed’s 2017 “Survey of Consumer Finances” found.
  • The company will work with several cities across the country including Atlanta, Birmingham, Dayton, Los Angeles, New Orleans, New York, and St. Louis to expand digital financial products.
  • They will also donate money to people facing evictions, as well as small businesses facing bankruptcy due to the pandemic.
  • Visit Business Insider’s homepage for more stories.

Mastercard is committing $500 million to help close the racial wealth gap and promote financial inclusion among Black people. 

The investment will be dispersed over the next five years

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