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We got an exclusive look at the pitch deck fintech DriveWealth used to raise $57 million from investors led by Point72 Ventures

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DriveWealth, a startup that builds technology allowing firms to offer financial services like stock-trading and do-it-yourself investing, said this week that it raised its Series C round of funding. 
Point72 Ventures, an existing investor, led the $56.7 million round and new investors Mouro Capital and Fidelity International Strategic Ventures participated in DriveWealth’s latest funding.
DriveWealth provided Business Insider the pitch deck it used to raise that round, which we have produced below (the firm withheld some details from the deck, like financials).  
The New Jersey-based fintech’s latest cash infusion comes as investors have flocked to wealth management- and brokerage-technology startups trying to make investing easy for the retail class. 
Visit Business Insider’s homepage for more stories.

The financial-technology startup DriveWealth said this week it raised a Series C round of funding, in part to make acquisitions, and provided the pitch deck it used for that round to Business Insider.DriveWealth, which builds tech allowing other firms to offer financial services like stock-trading and self-directed investing on their own apps or sites, raised the $56.7 million round from lead investor Point72 Ventures.Investors Raptor Group, SBI Holdings, and Route 66 Ventures also participated, along with new investors Mouro Capital and Fidelity International Strategic Ventures. …

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Newsweek Recognizes ChoiceOne Bank as Best Small Bank in Michigan

newsweek recognizes choiceone bank as best small bank in michigan

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SPARTA, Mich., Oct. 29, 2020 /PRNewswire/ — ChoiceOne Financial Services, Inc. (Nasdaq: COFS), the parent company of ChoiceOne Bank, is pleased to announce ChoiceOne Bank was recently ranked as Michigan’s Best Small Bank by Newsweek. ChoiceOne was recognized in Newsweek’s first-ever ranking of the country’s financial institutions that are best at serving their customers’ needs in today’s pandemic climate.
To help consumers navigate the new financial landscape and find the institution that best serves their needs, Newsweek used a universe of more than 2,500 FDIC-insured institutions to rank America’s Best Banks in 2021. The publication assessed U.S. banks based on the most salient features for each bank type or account, using 55 separate factors to come up with a best-in-class option in 19 categories — including the Best Small Bank in every state. 
“We are honored to stand out across the country as Michigan’s Best Small Bank,” said ChoiceOne CEO Kelly J. Potes. “ChoiceOne Bank has always taken the lead in presenting our customers with the financial technology they require, offering mobile banking, mobile deposits, innovative payroll solutions, online loan applications, online account openings and a digital mobile savings tool. Our innovative strategies have allowed us to offer our customers the best technology during this pandemic …

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Dive into the world of financial technology and blockchain with this

dive into the world of financial technology and blockchain with this

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The Hill may be compensated and/or receive an affiliate commission if you buy through our links.
ADVERTISEMENTNew technologies make it so that the landscape of the financial world, thanks to fintech and blockchain, is rapidly changing. Learn the ins and outs of some of the most important tech innovations in decades with a comprehensive and thorough guide to fintech, blockchain, and more. 
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Whether you’re looking for a career change or just want to expand your current skillset, this course bundle will guide you on the most important elements of contemporary financial technology. Start with an introduction to blockchain, which covers what it is, who the big players are, and how it’s disrupting the world in unprecedented ways. Then, take a dip into alternative lending and gain an understanding of how fintech allows smaller, newer lenders to make banking more accessible around the world. Familiarize yourself with how AI and machine learning are playing a role in the financial services industry and the potential …

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Entoro Capital Announces Strategic Relationship with FLX Distribution

entoro capital announces strategic relationship with flx distribution

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HOUSTON, Oct. 29, 2020 /PRNewswire/ — Entoro Capital (Entoro), a technology-enabled global investment bank, announced today that it has entered into a strategic relationship with FLX Distribution (FLX), the first technology platform bringing together asset managers, distribution professionals, wealth managers, and advisors, for FLX to exclusively offer Entoro’s private securities platform OfferBoard under the FLX brand. 
OfferBoard, Entoro’s high-tech investor portal, provides flexibility, convenience, and transparency for investors while increasing engagement and streamlining the entire investment process for traditional and digital securities transactions. OfferBoard allows the centralization and channeling of accredited and qualified Investors to review investment criteria of unique direct alternative investments.  OfferBoard will provide investors the opportunity to invest in quality Regulation D, A, and CF projects from global Issuers in all industry sectors, equity or debt, with a high confidence of execution and standardization.
FLX Distribution is the recent winner of the 2020 Money Management Institute/Barrons Disruption Award that will “fundamentally alter the future delivery of advisory solutions.”  FLX provides its membership access, education, data, and comprehensive financial services distribution solutions.  
Through the OfferBoard platform, FLX seeks to provide flexible distribution solutions aligning the interest of asset managers, distribution professionals, wealth managers and financial advisors. OfferBoard’s cloud-based applications and …

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KBR Reports Strong Third Quarter 2020 Financial Results

kbr reports strong third quarter 2020 financial results

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HOUSTON, Oct. 29, 2020 /PRNewswire/ — KBR, Inc. (NYSE: KBR), today announced strong third quarter 2020 financial results after another solid quarter of earnings, margin performance, bookings and cash generation.
“Our people, with their unwavering commitment, focus and agility, continue to deliver outstanding results for our customers and drive operational excellence amidst the global pandemic. Together, these attributes have the business performing across all key metrics – earnings, margins, cash and book-to-bill,” said Stuart Bradie, President and CEO of KBR. “Our strategy of advancing upmarket to expand high-end offerings is evident in the growth and bookings momentum realized across our space, technology, science and systems engineering businesses, underscoring the resilience of our business model and giving us the confidence to increase the fiscal 2020 cash and earnings guidance.”
Bradie continued, “We also took a major step forward in executing our strategy with the completion of the Centauri acquisition in early October, accelerating growth into critical national security missions and strengthening our position as a provider of high-end, digitally enabled solutions and technologies in attractive end markets.”  The addition of Centauri is firmly aligned with KBR’s strategy to continually grow its business in differentiated, upmarket areas that provide attractive returns, growth and cash conversion.  “We are …

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Financial Technology (FinTech) Market Analysis By End User and By Region

financial technology (fintech) market analysis by end user and by region

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Global Financial Technology (FinTech) Market: Introduction
The recently added research report has been fastidiously considered and introduced to deliver a pin-point expository audit of analytical review of the current market conditions. This concentrated examination report on Global Financial Technology (FinTech) Market has been recently added to the burgeoning repository to evaluate the market growth forces on a multi-dimensional and multi-faceted approach. This well-conceived research report presentation portrays market dynamics through the entire growth tenure, 2020-26.
Request a sample Report of Financial Technology (FinTech) Market at: @ https://www.researchmoz.us/enquiry.php?type=S&repid=2754788  
The report covers a thorough overview section inclusive of relevant details pertaining to company profiles, production and consumption ratios, production capacities, revenue generation cycles, gross pricing as well as product specificities and major growth catalysts that collectively create ample opportunities to drive million dollar growth in global Financial Technology (FinTech) market.
Major prime key manufactures enclosed within the report alongside Market Share, Stock Determinations and Figures, Contact information, Sales, Capacity, Production, Price, Cost, Revenue and Business Profiles are  (Lending Club

Prosper
Upstart
SoFi
OnDeck
Avant
Funding Circle
Zopa
Lendix
RateSetter
Mintos
Auxmoney
CreditEase
Lufax
Renrendai
Tuandai
maneo
Capital Float
Capital Match
SocietyOne) On the basis on …

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Global Financial Technology (FinTech) Market to hold a high potential for growth by 2027: Barclays, Paypal, Western Union, Square, Hsbc, Ubs, Google, Santander – Illadel Graff Supply

global financial technology (fintech) market to hold a high potential for growth by 2027: barclays, paypal, western union, square, hsbc, ubs, google, santander – illadel graff supply

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Overview Of Financial Technology (FinTech) Market 2020-2027:
The Global Global Financial Technology (FinTech) Market research report displays the market size, status, share, production, cost analysis, and market value with the forecast period 2020-2025. Other than that, upstream raw materials, downstream demand analysis, consumption volume, and the market share by segments and sub-segments have also been discussed. The research methodology of the market is based on both primary as well as secondary research data sources. It commits different factors affecting Financial Technology (FinTech) industry such as market environment, different policies of the government, historical data and market trends, technological advancements, forthcoming innovations, market risk factors, market restraints, and obstacles in the industry.
Key highlights from COVID-19 impact analysis:

A summary of the COVID-19 pandemic on the global economy.
Fluctuations in the demand and supply chain of the industry.
Pre and post-COVID-19 impact on the revenue matrix.

Request a sample of this premium research: https://www.bigmarketresearch.com/request-sample/3820658?utm_source=ILL&utm_medium=ANIL
The research study includes in depth analysis where important type, application, and regional segments are studied in quite some detail. It also includes market channel, distribute, and customer analysis, industry cost analysis, organization profiles, market analysis by …

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Visa takeover draws U.S. eye

visa takeover draws u.s. eye

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Visa Inc.’s $5.3 billion acquisition of Plaid Inc. has raised competition concerns at the U.S. Justice Department, which is nearing a decision about whether to sue to block the deal, according to two people familiar with the matter.
Lawyers at the Justice Department’s antitrust division who are investigating the takeover are worried the deal could allow Visa to acquire a potential competitor, said the people. The division’s leadership hasn’t made a final decision about whether to sue.
Regulators have long had antitrust concerns about the market power Visa and its rival Mastercard Inc. wield over global payments systems. The two have faced pressure to lower the fees they set on card payments from governments around the world, including in the U.S.
The companies have grown worried in recent years about the rise of apps such as PayPal Holdings Inc.’s Venmo, which allows consumers to send money to friends, families and merchants all without using Visa or Mastercard’s systems. Those fears are partly behind the networks’ efforts to move beyond card payments, prompting Visa to agree to acquire Plaid in January, while Mastercard announced a deal for a rival technology company Finicity in June.
With Plaid, Visa would …

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