Pat Maio

Reporter (Banking & Finance)

Email: pmaio@labusinessjournal.com
Phone: 323-556-8332

Recent Stories

Science 37 Plans to Double Workforce

Culver City-based Science 37 Inc., which completed its merger to go public through New York City-based blank check firm LifeSci Acquisition II Corp. earlier this month, recently began trading. Now, the medical research and technology company is already laying out ambitious plans for growth.

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Insurtech Sure Raises $100 Million in Series C Round

Sure Inc., a Santa Monica-based insurtech startup that embeds insurance software into everything from car-buying to renters insurance, has raised $100 million in a Series C funding round, Chief Executive Wayne Slavin said in an interview.

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Westlake Partners With Nova Credit to Gain New Borrowers

Hancock Park-based Westlake Financial Services is ratcheting up its push into the auto lending market.

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China, India Could Lead Major Edtech Consolidation in LA

The education technology sector in Los Angeles has seen a surge in major investors from a disparate group ranging from corporations headquartered in China and India to private equity looking to capitalize on a pandemic that reinvigorated online learning.

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Winc Plans $92 Million IPO to Expand Wine Business

Santa Monica-based Winc Inc., which produces and distributes wine in the United States, has filed with the Securities and Exchange Commission to raise up to $92 million in an initial public offering.

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Sole Source Capital Moves Headquarters to Dallas

Sole Source Capital, a private equity firm headquartered along Santa Monica’s Ocean Avenue since its founding in 2016, quietly moved its headquarters to Dallas.

Microloan Company Tala Lands $145M Raise, Moving It Closer to Unicorn Status

Tala, a Santa Monica-based company that makes microloans between $10 and $500 to people in emerging markets who lack a credit profile, has landed a $145 million Series E funding round — its biggest fundraise since its founding a decade ago.

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Green Dot Halts Republic Bank Tax Business Acquisition

Republic Bancorp Inc.’s Republic Bank & Trust has filed a lawsuit against Green Dot Corp. for breaking its agreement to buy the Kentucky bank’s tax refund processing business for $165 million.

Brentwood Associates Invests in Service Management Group

Sawtelle-based private equity firm Brentwood Associates has made a strategic investment in Kansas City, Mo.-based Service Management Group, a software developer involved in management experiences.

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Bank of America Plans Expansion in LA Market

2021 Largest Employers Special Report

Bank of America is the largest commercial bank operating in Los Angeles County.

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