financetom
Business
financetom
/
Business
/
Main Street Capital Invests $11.2 Million in MoneyThumb
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Main Street Capital Invests $11.2 Million in MoneyThumb
Aug 29, 2024 5:16 AM

07:34 AM EDT, 08/29/2024 (MT Newswires) -- Main Street Capital ( MAIN ) said Thursday it completed a portfolio investment of $11.2 million "to facilitate the majority recapitalization" of MoneyThumb, a financial analysis software serving the cash advance and accounting industries.

The company and a co-investor partnered with majority equity investor Iron Creek Partners, as well as MoneyThumb's founder and senior management in the transaction, Main Street said.

Price: 49.09, Change: +0.36, Percent Change: +0.74

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Former Allianz employee pleads guilty to fraud over $7-billion funds collapse
Former Allianz employee pleads guilty to fraud over $7-billion funds collapse
Jun 7, 2024
NEW YORK, June 7 (Reuters) - A former Allianz fund manager pleaded guilty on Friday over his role in a meltdown of private investment funds sparked by the pandemic that caused an estimated $7 billion of investor losses. Gregoire Tournant, 57, of Basalt, Colorado, admitted to two counts of investment adviser fraud at a hearing before Chief Judge Laura Taylor...
New US truck, SUV fuel economy rules much less stringent than original proposal
New US truck, SUV fuel economy rules much less stringent than original proposal
Jun 7, 2024
WASHINGTON, June 7 (Reuters) - President Joe Biden's administration on Friday finalized tighter fuel economy rules for trucks and sport utility vehicles through 2031 that are not as stringent as it first proposed, a federal agency said. The National Highway Traffic Safety Administration (NHTSA) said the proposed new rules will result in much lower compliance penalties than originally proposed, a...
Lyft's Long-Term Targets Not 'Overwhelming Beats' Beats, But Upside Likely, BofA Says
Lyft's Long-Term Targets Not 'Overwhelming Beats' Beats, But Upside Likely, BofA Says
Jun 7, 2024
02:01 PM EDT, 06/07/2024 (MT Newswires) -- Lyft's ( LYFT ) long-term financial targets didn't reflect overwhelming beats relative to market expectations, though there is potential for upside ahead, BofA Securities said Friday. The ride-hailing company said at its investor day held Thursday that it expected 2027 gross bookings of about $25 billion, adjusted earnings before interest, taxes, depreciation, and...
Teamsters Canada Rail Conference Claims Canadian National, Canadian Pacific Kansas City, Dismissed Offer to Stagger Talks
Teamsters Canada Rail Conference Claims Canadian National, Canadian Pacific Kansas City, Dismissed Offer to Stagger Talks
Jun 7, 2024
01:45 PM EDT, 06/07/2024 (MT Newswires) -- The Teamsters Canada Rail Conference (TCRC) said Friday Canadian National Railway (CNR.TO) and Canadian Pacific Kansas City ( CP ) dismissed a proposal to stagger talks with the companies by two weeks. The move would have helped avoid simultaneous work stoppages at the railways, the TCRC argued. Staggering the negotiations is a sensible...
Copyright 2023-2026 - www.financetom.com All Rights Reserved