Tagged: chicago

Chicago’s Startup Paro, a Provider of On-Demand Financial Expertise, Secures $25M via Series B

Paro has announced a $25 million Series B funding round. The rapidly-growing startup offers businesses with flexible finance solutions through teams of remote finance professionals in order to help them address problems and support their ongoing growth. Paro, a Chicago-based startup “disrupting” the way firms… Read More

CME Group to Expand Crypto Derivatives Offering with New Micro Bitcoin Futures Contract, Pending Regulatory Approval

CME Group, one of the world’s leading and most diverse derivatives marketplace, recently revealed that it would be expanding its suite of cryptocurrency derivatives with the launch of a new Micro Bitcoin futures contract on May 3, 2021 (subject to regulatory review and approval). Micro… Read More

Brendan Carroll from Chicago’s Victory Park Capital Says Banks and Fintechs Can Operate Effectively in New Business Environment

In early 2020, Opportunity Financial began evaluating whether it should go public. The online lending platform was interested in shifting focus away from the installment loan business to various other financial products (in order to improve its company profile). Jared Kaplan, CEO of the Chicago-based… Read More

Fintech Avant, which Gives Americans Access to “Financial Products they Deserve,” Explains what You Need to Know About Stimulus Checks

Chicago-based Avant, a Fintech firm that aims to give everyday Americans “access to the financial products they deserve,” notes that millions of US residents continue to struggle through the COVID-19 pandemic. However, a $900 billion relief bill was recently signed into law (toward the end… Read More

Digital Asset Trading Platforms in Chicago Establish Decentralized Finance Alliance to Work Closely on Open Finance Projects

A group of Chicago-headquartered digital asset trading platforms are planning to work cooperatively, in order to connect more closely with Open Finance, or decentralized finance (DeFi) initiatives. Volt Capital, Jump Trading, CMT Trading and DRW Trading have established the Chicago DeFi Alliance (CDA). As noted… Read More

Tokenization, Institutionalization & Securitization of Blockchain – Chicago

Tokenization, Institutionalization & Securitization of Blockchain Evening Panel Discussion addressing issues including: DeFi – decentralizing finance and its impact Overcoming doubt: Challenges facing cryptocurrency exchanges including securing payments What are the advantages to tokenization of assets & securitization of blockchain’s distributed ledger Impact & risk… Read More

Northwestern University Teams Up With Trilogy Education to Launch Fintech Boot Camp in Chicago

Northwestern University’s School of Professional Studies announced on Thursday it is teaming up with Trilogy Education, a leading workforce accelerator, for a new fintech boot camp that will take place in Chicago. According to Northwest, the Northwestern FinTech Boot Camp offers professionals the opportunity to acquire… Read More

Coinbase Debuts Institutional Suite of Products & Announces New Chicago Office

Coinbase announced earlier this week the launch of its new product offerings for institutions, which are designed to meet the demand to trade and invest in cryptocurrency. The company reported that over the past few months more than 100 hedge funds have announced plans to… Read More

Former Capital One Executive Troy Jamison Named First Chief Risk Officer at Victory Park Capital

Victory Park Capital (VPC), a Chicago-based investment firm focused on private middle-market debt and equity investments, announced on Wednesday it has appointed formed Capital One executive, Troy Jamison as its first Chief Risk Officer.  Jamison will reportedly oversee the assessment and management of risk within the firm’s… Read More

Fintech Firm OppLoans Opens New Headquarters in Chicago

Chicago-based fintech firm and socially responsible online lender OppLoans announced on Tuesday the opening of its new Windy City headquarters. The company revealed that Chicago Mayor Rahm Emanuel made an appearance and even cut the ribbon to the office. During his presentation, Mayor Emanuel stated:… Read More

TGIF: More than Glasses Raising for Aviary Cocktail Book’s Kickstarter Campaign

Depending on when your weekend starts, whether on Thursday night or Friday afternoon or the more traditional Friday evening, you may be tempted to have cocktails every night made with guidance of The Aviary Cocktail Book after glimpsing at the extraordinary concoctions from Alinea creators and… Read More

Chicago Rising: New Entry to List of Fintech Hubs is Important Gain for the Windy City

Deloitte’s recent report on Fintech Hubs entitled A tale of 44 cities – Connecting Global FinTech: Interim Hub Review 2017 indicated that London remained at the top of the list with Singapore closely behind it and obviously hoping to become number one. But alongside the original 20… Read More

Supporters of Michaels Chicago Manager Raise Over $23,000 Through GoFundMe Following Customer’s Verbal Attacks (Video)

Prior to this past Thanksgiving holiday, a Michaels Store in Chicago experienced a customer-service fiasco that was recorded by a bystander, named Jessie Grady.  For 30-minutes, Grady watched and recorded a woman who unleashed incredible vitriol on two employees (and everyone else in the store)…. Read More

Indiegogo Teams Up With Heineken For “The Cities Project”

On Tuesday, Indiegogo announced it has joined forces with Dutch brewing company, Heineken, for a new project known as The Cities Project. The global crowdfunding platform stated residents in New York, Chicago, Houston, Los Angeles and Honolulu are invited to submit projects they care about through Heineken’s Facebook page…. Read More

RealtyMogul Closes Newest Chicago Equity Investment, Surpasses $25M in Chicago Area Real Estate Investments

 RealtyMogul.com, one of the leading online marketplaces for real estate investing, announced today that the platform has closed an investment into a $21.6 million acquisition. The platform helped finance the acquisition of The Edison Apartments, a mid-rise multifamily property in Chicago, by Spirit Bascom Ventures,… Read More

CEO Helman Comments on RealtyMogul $1M Chicagoland Equity Investment Closing

RealtyMogul.com, one of the leading online marketplaces for real estate investing, announced the closing of a $1,000,000 equity investment in an industrial property in Glendale Heights, IL, within the Chicago metropolitan area. The sponsor for the acquisition is Clear Height Properties, a real estate investment and… Read More

VestLo Becomes the First to Submit Application to Operate as an Illinois Investment Crowdfunding Platform

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This week, Chicago-based fintech company VestLo announced that it has become the first to submit an application to the Illinois Secretary of State, Securities Division, so that it may register as a “qualified” crowdfunding platform under the new Illinois Intrastate Crowdfunding Exemption. The adopted Illinois Intrastate Crowdfunding Bill creates… Read More

Kickstarter Alum Gramovox Announces Floating Record EU & International Shipment Details

Last week, Chicago-based startup Gramovox announced shipment details for its Kickstarter project, Floating Record. Floating Record is described as a high-performance turntable that plays records vertically through built-in, dynamic, full-range stereo speakers (or through an RCA line out). Each Floating Record sits on a wood base and… Read More

Erik Stolhanske of Indiegogo Success “Super Troopers 2” Unveils Pictures From International Beer Fest Competition

This week, Super Troopers star Erik Stolhanske offered up details about Super Troopers 2 Indiegogo perk, the International Beer Fest competition, which was held in Chicago last month. Stolhanske, who was known as “Rabbit” in the original film and now “Mink,” revealed in the campaign’s latest… Read More

Tovala Scores Nearly $250,000 on Kickstarter For Smart Oven & Makes Appearance on the “Today” Show (Video)

Tovala, a Chicago-based Y Combinator-backed food startup, recently launched a Kickstarter initiative to raise $100,000 for its self-titled smart oven. Just hours after launch, the project surpassed $60,000. Now, just two weeks later, it has secured well over its initial goal thanks to nearly 1,000 backers…. Read More

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