rehabilitation - FinTecBuzz

Global Growth Announces Rehabilitation of Michigan Insurance Company

BusinessWireSeptember 22, 20223 min

Global Growth today announced the rehabilitation of Pavonia Life Insurance Company of Michigan (“Pavonia”), a Michigan insurance company affiliated with Global Growth and owned by Global Growth owner Greg Lindberg. As part of the rehabilitation, Pavonia is being acquired by Axar Capital Management. The rehabilitation fully protects Pavonia’s 350,000 direct and reinsured policyholders and secures more than $900 million in policyholder insurance benefits. The rehabilitation is the culmination of an extended cooperative effort between Global...

Interview

FinTech Interview with Nico Simko, Co-founder and CEO of Clair

FTB News DeskApril 9, 202445 min

Investments

The Glenmede Trust Company of Delaware Appoints Two Board Directors

BusinessWireFebruary 28, 20235 min

Glenmede, a leading investment and wealth management firm overseeing $40.5 billion in assets under management (AUM), today announced the election of Gabrielle Bailey and Susan Mucciarone to the Glenmede Trust Company of Delaware Board. The Glenmede Trust Company of Delaware was established in 2020 to extend Glenmede’s advisory and service capabilities in support of those private client families who seek to benefit from having their financial affairs administered in Delaware. Ms. Bailey currently serves as Glenmede’s Chief...

Crowdfunding

Crowdfunding Market Size Worth $1.30 Billion by 2028

PRNewswireMarch 23, 202212 min

The global crowdfunding market size is estimated to reach USD 1.30 billion by 2028 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.4% from 2021 to 2028, according to a new report by Million Insights. Easy access to the capital as compared to the traditional funding is the crucial factor that drives the growth of the market. Social media as a source of free-of-cost promotion is another factor that drives the market. However, frauds and...

Real Estate Lending

Toorak Capital Partners closes TRK 2022-1 & TRK 2022-INV1

BusinessWireMarch 15, 20224 min

Toorak Capital Partners, Inc. (“Toorak”), a leading capital provider to the residential real estate lending industry, today announced the successful closing of TRK 2022-1, a $285 million securitization of residential bridge loans, following the closing of TRK 2022-INV1, a $363 million securitization of DSCR loans last month. Toorak’s securitizations received investor demand despite a volatile and oversupplied market. To date, the company has issued $2.7+ billion in securitizations across nine deals, including six revolving transactions backed...

Financial Software

ABC Financial and Perform Better Announce Strategic Partnership

FTB News DeskJanuary 14, 20196 min

ABC Financial (ABC), the leading software and payment processing provider to the health and fitness industry, announced their partnership with Perform Better, the leader in functional training equipment and education. Together the organizations will lead the industry in business management education for the fitness marketplace and the tens of thousands of fitness professionals operating facilities across the U.S., Canada and globally. “ABC Financial has aimed to provide customer-centric, experience driven innovation to club management software and payment...

Online Payments Payments

PINTEC Customizes Installment Payment Solution for Global Rehab Technology Leader Permobil

FTB News DeskOctober 11, 20187 min

Partnership marks launch of a creative new approach to the expansion of consumer financing PINTEC Technology Holdings Limited (“PINTEC” or the “Company”), a leading independent technology platform enabling financial services in China, today announced a partnership with Permobil, a global leader in advanced rehab technology. PINTEC will provide Permobil with a creative, customized and efficient installment payment solution that makes it easier for customers in China to purchase wheelchairs and rehabilitation products. PINTEC’s scalable and reliable technology infrastructure,...