Accel | Jotup

ServiceNow Announces Strategic Partnership With ANSR to Power Global Capability Centers on the Now Platform

Retrieved on:

Wednesday, October 25, 2023

The ServiceNow Ecosystem Ventures program joins existing ANSR (an Accel portfolio company) investors to accelerate growth in key global markets.

Key Points:

The ServiceNow Ecosystem Ventures program joins existing ANSR (an Accel portfolio company) investors to accelerate growth in key global markets.
The partnership will help increase talent capacity for ANSR clients by establishing ServiceNow Centers of Excellence in more than 60 GCCs to train 3,500 individuals across India.
The collaboration will also allow ANSR to power its own internal GCC service delivery on ServiceNow, including Now Assist generative AI capabilities .
View the full release here: https://www.businesswire.com/news/home/20231025205708/en/
ServiceNow announces strategic partnership with ANSR to power global capability centers on the Now Platform (Graphic: Business Wire)
The investment is part of the ServiceNow Ecosystem Ventures program , launched in May 2023 to accelerate partner growth in key global markets through increasing skilled talent and driving greater customer adoption of ServiceNow.

Accel Entertainment Names Mark Phelan President, U.S. Gaming

Retrieved on:

Monday, October 9, 2023

Electronic Games, Casino, Gaming, General Entertainment, Entertainment, NYSE, Derivative, University, Mesirow Financial, Municipality, DRW Trading Group, U.S. Games, Research, Accel, DRW, Management

Accel Entertainment, Inc. (NYSE: ACEL) (“Accel”) today announced that Mark Phelan, Chief Revenue Officer, has been appointed to the newly created position of President, U.S. Gaming, effective October 6, 2023.

Key Points:

Accel Entertainment, Inc. (NYSE: ACEL) (“Accel”) today announced that Mark Phelan, Chief Revenue Officer, has been appointed to the newly created position of President, U.S. Gaming, effective October 6, 2023.
Mr. Phelan will continue to oversee Accel’s business development as well as the company’s M&A strategy.
“Since joining Accel, Mark has been an exceptional leader of our sales and revenue team,” said President and CEO Andy Rubenstein.
Prior to joining Accel, Mark was Director of Research for SFG Asset Advisors.

Global Neobank, Zolve Secures $100 Million Warehouse Debt Facility to Expand Financing of US Immigrants

Retrieved on:

Thursday, October 12, 2023

Economics, Organization, FDIC, Movement, Education, Speed of light, Growth, Accel, CIM, Work, Bank, Raghunandan

The $100 million debt fund secured from CIM will be used to cater to offering credit products to migrants in the US.

Key Points:

The $100 million debt fund secured from CIM will be used to cater to offering credit products to migrants in the US.
Since its inception in August 2021, the platform has attracted around 500,000 users, facilitating transactions worth more than $600 million.
"Zolve is driven by a vision of growth and inclusivity, breaking down financial barriers," says Raghunandan G, Founder of Zolve.
Reports indicate that more than 2.5 million people immigrate to the US annually, contributing over $75 billion to the economy.

Lottie raises $21M Series A, led by Accel, to confront the social care crisis and elevate the standard of later living

Retrieved on:

Monday, October 9, 2023

Social, Booking.com, Intelligence, Government, Safety, Digital, Entrepreneurship, Lotti Latrous, Growth, NHS, Accel, Nursing care plan, Patient, Quality of life, Holiday, Health insurance, Nursing, Retail, Expedia

Lottie will use the investment to confront the growing social care crisis and elevate the standard of later living by further investing in its suite of technology products that significantly improves the care seeker experience.

Key Points:

Lottie will use the investment to confront the growing social care crisis and elevate the standard of later living by further investing in its suite of technology products that significantly improves the care seeker experience.
Most have no real sense of how much care should cost, little up-to-date information on services, and no support throughout what can be a distressing time.
Lottie was founded in 2021 by Will and Chris Donnelly, who experienced firsthand the struggles of finding affordable care services for family members.
Our goal for Lottie is to become the trusted adviser to care seekers throughout the world - helping families best understand, find and fund later life care.

Lottie raises $21M Series A, led by Accel, to confront the social care crisis and elevate the standard of later living

Retrieved on:

Monday, October 9, 2023

Lottie will use the investment to confront the growing social care crisis and elevate the standard of later living by further investing in its suite of technology products that significantly improves the care seeker experience.

Key Points:

Lottie will use the investment to confront the growing social care crisis and elevate the standard of later living by further investing in its suite of technology products that significantly improves the care seeker experience.
Most have no real sense of how much care should cost, little up-to-date information on services, and no support throughout what can be a distressing time.
Lottie was founded in 2021 by Will and Chris Donnelly, who experienced firsthand the struggles of finding affordable care services for family members.
Our goal for Lottie is to become the trusted adviser to care seekers throughout the world - helping families best understand, find and fund later life care.

Embedded Payments Startup Rainforest Secures $11.75M Seed Round

Retrieved on:

Wednesday, October 4, 2023

ATLANTA, Oct. 4, 2023 /PRNewswire-PRWeb/ -- Rainforest, a Payments-as-a-Service (PaaS) platform, today announced the closing of an $11.75 million seed funding round led by Accel, with participation from Infinity Ventures, BoxGroup, The Fintech Fund, Tech Square Ventures, Ardent Venture Partners and a number of strategic angels. The round includes a $3.25 million venture debt facility from Silicon Valley Bank (SVB), a division of First Citizens Bank.

Key Points:

Rainforest built an embedded payments solution designed specifically for software platforms' monetization of money flows.
"First as a healthcare software company founder and then as a payments consultant, I personally experienced the challenges and tradeoffs associated with embedded payments," said Joshua Silver, Rainforest founder and CEO.
"I recruited former colleagues and other all-star payments and SaaS veterans, and together we built Rainforest – the embedded payments platform we always wanted but didn't exist."
"Competitors have had to retrofit their systems to support software platforms, but Rainforest was purpose-built for embedded payments," said Chris Church, VP, Engineering at Rainforest and longtime colleague of Silver's from Patientco.

David Faugno Joins 1Password as President and Chief Operating Officer

Retrieved on:

Tuesday, September 26, 2023

1Password , a leader in identity security, today announced the appointment of David Faugno as President and Chief Operating Officer (COO).

Key Points:

1Password , a leader in identity security, today announced the appointment of David Faugno as President and Chief Operating Officer (COO).
Faugno is a proven technology leader with deep experience enabling market leaders like Qualtrics and Barracuda Networks to grow operations around the world.
In his new role, Faugno will focus on enabling 1Password to further scale into new markets and product offerings.
View the full release here: https://www.businesswire.com/news/home/20230926783793/en/
David Faugno, President and Chief Operating Officer at 1Password (Photo: Business Wire)
“David will ensure we’re able to capitalize on the tremendous opportunities in front of 1Password, particularly as we continue to expand our footprint within the enterprise,” said Jeff Shiner, CEO of 1Password.

Embedded finance provider Swan raises a €37m Series B round to fuel continued expansion across Europe

Retrieved on:

Saturday, September 16, 2023

Insurance, Pressure, Carrefour, Travel, B2B, Running, As a service, Accel, Growth, ROI, Video game, Bank, Cryptocurrency

Paris, France, 13 September 2023 – Swan , the emerging leader in embedded finance, today announced it has secured a €37 million Series B investment round led by Lakestar , alongside reinvestment from Swan’s existing investors.

Key Points:

Paris, France, 13 September 2023 – Swan , the emerging leader in embedded finance, today announced it has secured a €37 million Series B investment round led by Lakestar , alongside reinvestment from Swan’s existing investors.
The company has already experienced fast growth across Europe, having opened offices in France, Spain and Germany in line with its hyper-localisation strategy.
Swan’s headcount is expected to increase in the next two years to support this continued level of growth.
Swan makes this possible and shows immense potential to scale this offering across different markets and verticals.”
This new funding round follows Swan’s €16 million Series A round led by Accel in 2021.

Venture Capital Investment Market to grow by USD 737.56 billion from 2022 to 2027, Market is fragmented due to the presence of prominent companies like Accel, Agoranov & AH Capital Management LLC, many more - Technavio

Retrieved on:

Wednesday, September 13, 2023

NEW YORK, Sept. 13, 2023 /PRNewswire/ -- The venture capital investment market is estimated to grow by USD 737.56 billion from 2022 to 2027, decelerate at a CAGR of 20.88%.

Key Points:

NEW YORK, Sept. 13, 2023 /PRNewswire/ -- The venture capital investment market is estimated to grow by USD 737.56 billion from 2022 to 2027, decelerate at a CAGR of 20.88%.
The venture capital investment market is fragmented owing to the presence of many global and regional companies.
Hence, such factors boost the segment growth of the venture capital investment market during the forecast period.
The human capital management (HCM) solutions market is estimated to grow at a CAGR of 8.45% between 2022 and 2027.

Philadelphia Titan 100 Names Balanced Bridge Funding CEO Joseph Genovesi to 2023 List

Retrieved on:

Tuesday, August 22, 2023

Titan, Insurance, Athlete, American City Business Journals, Accel, Balancing (bridge), Multimedia

WAYNE, Pa., Aug. 22, 2023 /PRNewswire/ -- Balanced Bridge Funding CEO Joseph Genovesi was named to the 2023 Philadelphia Titan 100 list.

Key Points:

WAYNE, Pa., Aug. 22, 2023 /PRNewswire/ -- Balanced Bridge Funding CEO Joseph Genovesi was named to the 2023 Philadelphia Titan 100 list.
Titan 100 is a national program to recognize a premier group of 100 CEOs and C-level executives in a region.
The nominees named to the Philadelphia Titan 100 list will be honored at a ceremony taking place in September.
Earlier this year, Balanced Bridge was named to the 2023 Best Places to Work list by the Philadelphia Business Journal.