Target Is Quietly Working On The Blockchain

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Via CoinDesk

“Retail giant Target has quietly entered the blockchain space.

Since mid-2018 the Minnesota-based retailer has been working on a blockchain-powered solution for supply chain management, dubbed ConsenSource. More recently it pledged to support the Hyperledger Grid project, a supply chain framework that earlier saw participation from food giant Cargill, one of Target’s suppliers, together with tech giant Intel and blockchain startup Bitwise.io.”

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Minnesota InsureTech Startup Upsie Raises Another $5M

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Via TechCrunch

“Warranties for purchased products is a $40 billion annual market. But in in their current form, they are considered by some to be one of the bigger scams in the world of retail because they cost so much and often return too little.

Now there is an alternative emerging. A startup out of Minneapolis, Minnesota, called Upsie has decided to wage war on the old warranty, with more reasonable pricing (typically 70 percent lower than what the retailer offers) and a much more modern approach to selling and managing the warranty.”

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Minneapolis Fintech Venture ClickSWITCH Secures $13m Series B

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Via News Release

“MINNEAPOLIS–(BUSINESS WIRE)–ClickSWITCH, a turn-key solution that simplifies and automates the switch of direct deposits and recurring payments for financial institutions’ new and existing account holders, announced today that it has raised $13 million in Series B financing. The funding was led by Commerce Ventures and Point72 Ventures. This round of financing will further accelerate ClickSWITCH’s product roadmap, expand executive leadership, increase headcount within software development and sales teams, amongst other marketing plans for growth.”

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NYC Fintech Startup DailyPay Opens New Minneapolis Office

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Via News Release

“NEW YORK–(BUSINESS WIRE)–DailyPay, the pioneer in providing instant access to earned wages, today announced the opening of its second location in Minneapolis, MN. The office will support approximately 100 new employees across DailyPay’s payment services and customer support teams.”

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ClickSwitch Gets A Big Win With T-Mobile’s Banking Service

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Via Star Tribune

“T-Mobile’s fee-free Money banking service, officially launched earlier this month, relies on the Minneapolis fintech firm ClickSwitch Holdings Inc. to attract customers from other banks.

The relationship is a turning point for ClickSwitch, which created software to simplify the process of moving a person’s direct-deposit and bill-payment information from one bank to another.”

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[UPDATED] OnRamp Insurance Accelerator Picks MD & Dual MPLS + STP Office Setup

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Updated 4/17/19: Pooja Shah has been named the program’s Managing Director and they will split offices between WeWork in Uptown and Osborn370 in St. Paul.  Startup applications are open through 4/28/19.

Bonus: Deep Dive Q&A w/ the three partners.

Original 11/13/2018 Titled “New OnRamp Insurance Accelerator Is Coming To Minnesota” Via News Release:

“MINNEAPOLIS & ST. PAUL, Minn.–(BUSINESS WIRE)–To invest in the next generation of insurance technology and innovation, Allianz Life Ventures, part of Allianz Life Insurance Company of North America, and Securian Financial have joined forces with nationally ranked
startup accelerator, gener8tor, to establish the OnRamp Insurance Accelerator.”

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Minneapolis Fintech Startup Sezzle Raises $5.6m In ‘Pre IPO’ Round

Minneapolis fintech startup Sezzle has raised a new round of investment with $5.6m closed on per SEC filing.

Like PayPal, but with micro-installments, consumers can ‘checkout with Sezzle’ and receive a small denomination interest free loan at the time of purchase, on demand.

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