LoanWell is doing, well, very well indeed when it comes to fundraising. The fintech startup disclosed a $3 million round of funding in an SEC filing, hitting its dollar goal.
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Given the trends toward mobile-first banking as technology revolutionizes banking, it’s not surprising that fintech startups are attacking business-to-business payments and building software to reduce friction in business-to-business relationships. A Durham firm is doing just that.
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Finalists have been named for WRAL Voter’s Choice Awards, and 15 firms from startups to multinationals as well as 10 entrepreneurs as well as other executives are in the running for a top honor.
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Three North Carolina firms are receiving a combined $200,000 in funding from Google for Startups Black Founders Fund. Here are the details.
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Among them: SpokeHub, CourtRoom5, LoanWell, Coworks, Freeman Capital and KWHCoin and Genesis Block.
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LoanWell, a fintech startup that recently was selected for a new Google accelerator program, has $700,000 in new cash thanks to 11 investors.
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LoanWell, founded by Bernard Worthy, 32, is a cloud-based fundraising platform that helps people get low-interest loans from supporters, bypassing bank financing or credit cards all together. It is one of 12 Black-led startups from around the country to be named to the three-month intensive program.
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Three startups, each with a different spin on networking, highlight the Startup Crawl in Durham. Here’s a look at each firm.
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