
Yoco secures $100 million credit facility to expand merchant lending
South African fintech Yoco secured a $100 million credit facility from Victory Park Capital. The financing will support Yoco Capital cash advances for the…
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Stories, trends, and opportunities shaping Black business.

South African fintech Yoco secured a $100 million credit facility from Victory Park Capital. The financing will support Yoco Capital cash advances for the…
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MarcyPen Capital Partners, the investment firm co-founded by Jay-Z, is reportedly exploring a deal to acquire a 50% ownership stake in Rihanna’s Fenty Beauty.…
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Ugandan agro-processor Newman Foods received a $3 million mezzanine loan from AgDevCo Ventures. The investment will support expanded processing capacity, new…
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Heaven Rowell, a Howard University student, founded Dorm GLOW and received a $1,500 university entrepreneurship grant to fund the candle company. She is…
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Shareholders of Mechanics & Farmers Bank approved a transaction valued at more than $105 million with Optus Bank. The deal would preserve M&F’s branch network…
Connected in the Directory
Parent company of City First Bank and Broadway Federal Bank, serving urban communities with banking, lending, and wealth management services.
Financial ServicesHistoric Black-owned bank founded in 1921, providing full-service banking, mortgages, and business loans to Atlanta communities for over 100 years.
Financial ServicesBlack-owned Detroit bank offering full-service banking, home loans, and business services with focus on financial empowerment since 1970.
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