Quantcast

Failed Dem. Candidate Stacey Abrams Gets $29M for Financial Startup

'The startup’s growth reflects the continued recovery of small businesses after the worst of the coronavirus pandemic...'

Stacey Abrams, the failed gubernatorial candidate from Georgia, secured $29 million dollars in financing for the tech company that she co-founded, called Now Corp, according to the Washington Examiner.

“Now Corp. announced on Thursday it is partnering with Brigade Capital Management and Virgo Investment Group. With Brigade Capital Management now managing about $29.5 billion in assets, Now’s CEO, Lara Hodgson, says the firm can serve more customers and increase product offerings,” said the Examiner.

Now Corp is a financial company that manages accounts receivable for others, including factoring services, which allow a company to receive money owed by customers immediately for a fee, usually a percentage of the money owed.

...article continued below
- Advertisement -

“The startup’s growth reflects the continued recovery of small businesses after the worst of the coronavirus pandemic and showcases the expertise Atlanta has in the fintech industry.

CEO Lara O’Connor Hodgson hopes to expand that reputation to include business-to-business payments,” says Atlantainno.

Brigade Capital Management will supply a credit facility that will allow Now Corp supply its customers with advanced payments for its receivables, reports Atlantainno.

In addition money will be used to hire across the board, as the company returns to a central office location following the remote work necessitated by COVID rules and to help expand nationally.

...article continued below
- Advertisement -

The company recently hired a financial technology expert, Sejal Shah Gulati, to help grow the operation, which has thus far been concentrated in Georgia and the South.

Abrams first gained national notoriety for a failed bid for the governor’s job in Georgia, where she alleged the election was stolen from her by fraud.

Since then. she has styled herself as a voting rights champion, campaigning against conservative proposals for election security and supporting for Democrats running for office in other states.

- Advertisement -

TRENDING NOW

Soros Helps Fund New Phony ‘Fact Check’ Operation

Believing that the what the world really needs is a new progressive “fact-checking,” outfit leftist oligarch George Soros has teamed up with former Democrat...

Blinken Pushes for Taiwan UN Membership, Stoking Chinese Tension

The Biden administration said that it backs full UN participation by Taiwan further reinforcing the notion that the U.S. will eventually recognize Taiwan as...

FBI Blocks House GOP from Probing Jan. 6

The FBI has made clear that it has no interest in participating in a non-partisan investigation into the events of Jan. 6, 2021. Mollie Hemingway...

More Workers Sue US Nuclear Lab over Vax Mandate

(Headline USA) Another group of workers is suing Los Alamos National Laboratory over its COVID-19 vaccine mandate, arguing that the requirement discriminates against employees...

Mainstream Media Attacks Don Jr. for T-Shirt Mocking Alec Baldwin

The leftists of social media have attacked Donald Trump, Jr. for promoting a T-shirt mocking political activist, killer and actor Alec Baldwin, who shot...

Biden Admin Pushes UK to Grant Extradition of Assange

(Headline USA) The U.S. government is scheduled to ask Britain’s High Court on Wednesday to overturn a judge’s decision that WikiLeaks founder Julian Assange...

Students in Blue State Sue to Demand Proper Civics Education

(Headline USA) Students in Rhode Island are asking a federal appeals court to affirm that all public school students have a constitutional right to...

WaPo: Wuhan COVID Researcher Daszak Must Testify Before Congress

The Washington Post published an editorial Monday calling for Peter Daszak, the president of EcoHealth Alliance, to testify before Congress regarding his role in...

Federal Workers Sue Biden Admin Over Vax Mandate

More than 50 federal employees sued the Biden administration this week over its COVID-19 vaccine mandates. The Federal Practice Group, which represents dozens of federal...
- Advertisement -