investment

How a Twitter thread about landscaping led to a six-figure investment

3 weeks ago Amanda T. Noriega
  • When the pandemic slowed down many businesses last year, Mike Botkin noticed one sector was booming.
  • Botkin took a deep-dive into the landscaping industry and crafted a pitch to buy a local business.
  • He shared his plan on Twitter and within 45 days landed a deal with Opendoor co-founder JD Ross.
  • Visit the Business section of Insider for more stories.

On an early June morning, while many businesses were closed due to the coronavirus pandemic, Mike Botkin stopped for gas on his way to his office where he worked as the COO of an Orlando commercial real estate developer.

The roads were mostly clear, except for a line forming at the pumps ahead of him — rows of landscaping trucks.

An idea began to take shape in his mind, and by September he had a plan: a local 45-year-old landscaping business was listed with a local brokerage for $650,000 and

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Blue Motor Finance benefits from substantial new equity investment from Cabot Square Capital

3 weeks ago Amanda T. Noriega

This further round of investment demonstrates Cabot’s continued confidence in Blue’s business model and value potential.

Last week, Cabot Square Capital substantially increased its equity investment in Blue Motor Finance (Blue). This further round of investment demonstrates Cabot’s continued confidence in Blue’s business model and value potential. It follows the announcement in December of a new £300m financing facility with a leading international bank and provides Blue with sufficient funding to deliver beyond its 2021 plans.

Blue continues to deliver very attractive investment opportunities characterised by loan portfolios with relatively low average loan sizes, low term lengths, diversity in originations and customer base, good security and predictable low default rates. Blue’s long term consistency and prudency in credit risk policy has supported this investment and their ongoing performance.

Tiku Patel, CEO of Blue Motor Finance commented “In these challenging times, we are delighted that Cabot is willing to further invest

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Allworth Financial Makes Major Investment in Mergers & Partnerships Team

3 weeks ago Amanda T. Noriega

Press release content from Globe Newswire. The AP news staff was not involved in its creation.

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Sacramento, California, Feb. 04, 2021 (GLOBE NEWSWIRE) — To further accelerate its national expansion, Allworth Financial, the 4th fastest growing RIA in America, has added four former TD Ameritrade employees to its mergers and partnerships team.

The additions are highlighted by Scott Collins, former Managing Director of Institutional Sales Consulting at TD, and include Scott Gawrych, Tyler Boyce, and Christopher Lambert. The team will work to develop relationships with RIAs and IBD-affiliated advisors who are seeking to scale their businesses, expand their service offerings, or secure their succession plans by partnering with a national RIA.

“It’s an ideal fit for us and we are excited to help advisors find long-lasting partnerships that give them the freedoms they are looking to achieve,” said Scott Collins, who oversaw a team

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Online Investment Platform Vested Finance Secures $3.6 Million Through Seed Funding Round

3 weeks ago Amanda T. Noriega

Vested Finance, an online investment platform that enables Indian investors to invest in the U.S. stock market, announced on Thursday it raised $3.6 million through its latest seed funding round, which saw participation from Moving Capital, Ovo Fund, TenOneTen Ventures, Inflection Point Ventures, and Venture Catalysts.

Founded in 2018, Vested is seeking to enable sustainable wealth creation by allowing local investors to invest globally.

“Our mission is to allow everyone to invest in their favorite global brands in an affordable and hassle-free manner.”

Vested further revealed that it saw rapid growth in 2020, with money deposited into Vested accounts grew 26x over the last twelve months, along with a 5x increase in U.S. brokerage accounts opened through the platform. Vested processed more than $100 million in trades in 2020, and more than half of the investors using the Vested platform are investing in the U.S. market for the

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Ford reports loss in Q4, boosts investment in electric cars

3 weeks ago Amanda T. Noriega
  • Ford reported its earnings for the final quarter of 2020 on Thursday. 
  • The automaker reported a $2.8 billion net loss in the fourth quarter. 
  • It also said it’s “doubling down” on electric vehicles, and committed billions to electrification.
  • Visit the Business section of Insider for more stories.

Ford on Thursday more than doubled the amount of money it plans to invest in electric and autonomous vehicles to $29 billion, even as it posted a fourth-quarter net loss of $2.8 billion.

The No. 2 US automaker also said the global semiconductor chip shortage could lead to a 10% to 20% loss in first-quarter production.

For the year, Ford reported a net loss of $1.3 billion, or 32 cents a share, compared with a modest profit the previous year of 1 cent a share.

Ford previously said it expected a 2020 profit of between $600 million and $1.1 billion.

Ford had a

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Ford reports quarterly loss that tops $2 billion, increases investment in electric vehicles

3 weeks ago Amanda T. Noriega

Ford Motor Co. late Thursday reported a wider-than-expected quarterly loss, but the stock traded higher as Wall Street focused on the auto maker’s renewed push toward autonomous and electric vehicles.

Ford
F,
+1.52%
said it lost $2.8 billion, or 70 cents a share, in the quarter, compared with a loss of $1.7 billion, or 42 cents a share, in the year-ago quarter. Sales fell to $36 billion from $39.7 billion a year ago.

Analysts polled by FactSet had expected Ford to report a GAAP and adjusted loss of 7 cents a share on sales of $36.8 billion.

Ford said it increased its “commitment to invest in growth,” planning to spend more than $22 billion in electric vehicles and $7 billion in autonomous vehicles. The investment in EVs is nearly double an earlier allocation, the company said.

“The transformation of Ford is happening and so is our leadership of the EV

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