High Alpha portfolio firm Anvl raises $2M in seed funding
Anvl plans to use the funds to grow its platform and hire employees in sales, services, engineering and marketing, company officials said.
Banking & Finance
Articles
Carmel tech firm Lumavate raises $3M in growth capital
The software-as-a-service firm has raised $10 million in growth capital since being founded in mid-2015, company officials said.
Supreme Court to hear bid to limit retirement-plan lawsuits
The U.S. Supreme Court agreed to use an appeal by Intel Corp. to consider tightening the deadlines for lawsuits over the investments made by worker retirement plans.
Fed rate cut looks more likely, but question is when, how big?
Fed watchers say the latest economic data boost the odds that central bank will move sooner rather than later to lower rates.
Tax credit change poised to boost supply of venture capital from out of state
Indiana startups might soon have an easier time attracting out-of-state investments thanks to a change lawmakers made this year to an instrumental tax incentive program.
Powell hints Fed will cut rates if needed over trade wars
Expectations are rising that the Fed will cut rates at least once and possibly twice before year's end, in part because of the consequences of the trade war.
Developer investing $30M to buy, rehab Nora apartment complex
The 254-unit Nora Pines would be renamed but remain affordable housing. TWG Development is asking the city to issue $17.6 million in bonds for the project, which the developer would be responsible for repaying.
IBJ Podcast: Pete the Planner talks about paying for college
IBJ personal finance columnist Peter Dunn talks with podcast host Mason King about three key components of paying for college: saving in advance, paying some expenses in the moment and preparing your kids to make good choices.
Indiana bankers group launches insurance agency
The Indianapolis-based Indiana Bankers Association has created a bank-focused insurance agency called IBA Insurance Solutions.
Carmel-based bank opens Chicago office
Carmel-based Merchants Capital Corp. opened a mortgage production office in downtown Chicago last month.
Kokomo credit union merging into Financial Center First
Indianapolis-based Financial Center First Credit Union is building a branch in Kokomo and will complete a merger with Kokomo Heritage Federal Credit Union when the branch opens this fall.
20 years after launch, nation’s first internet-only bank is on a roll
Fishers-based First Internet Bancorp has had strong double-digit percentage growth in recent years, while most banks are growing in the mid-single-digit range.
Indianapolis Monthly to vacate longtime offices, make way for STAR Bank on Circle
The bank will use the three-story building that fronts Monument Circle for lending offices and a branch location. The magazine’s staff plans to move into the adjacent headquarters for Emmis Communications.
Debt collectors to use email, texts under proposed new federal rules
The rules released Tuesday are an update to debt-collection regulations enacted in the 1970s, which never took into account changes in technology, like the use of cellphones, email or the internet.
U.S. stocks slump after China trade outlook sours
U.S. stock indexes suffered their worst day since March on Tuesday as investors remained on edge over President Donald Trump’s threat to increase tariffs on billions of dollars of imports from China.
Local maker of organic oils rakes in $9.5M in venture funding
The round of financing was led by Indianapolis-based HG Ventures, which is the corporate venture arm of a major shareholder in Biosynthetic Technologies.
Software firm Boardable secures $1M in capital from High Alpha
Founded in 2017, Boardable plans use the investment on talent, product development, marketing and sales—with the goal of doubling employment by the end of the year.
Are additional Celadon execs in prosecutors’ sights?
The Justice Department’s April 25 press release—which announced Celadon had admitted to the fraud and agreed to pay $42 million in restitution—closes by noting that the investigation is ongoing.
Single-payer health care would be ‘major undertaking,’ CBO says
Adopting universal health coverage “would significantly increase government spending and require substantial additional government resources,” the office said.
Fed foresees no rate hikes amid unusually low inflation
The Federal Reserve signaled that no rate hikes are likely in coming months amid signs of renewed economic health but unusually low inflation.