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CollegeVine Secures $24 Million In Series B Funding To Continue Its Disruption Of The College Guidance Industry With Affordable And Effective Solutions

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Today, CollegeVine, the leading provider of affordable, data-driven high school guidance and college admissions advising, announced it has secured $24 million in Series B funding from Maywood Street Investments (Maywood”), Fidelity Investments (“Fidelity”), Morningside Technology Ventures (“Morningside”), and University Ventures (“UV”). Using over a million data points to power and propel their technology, CollegeVine has helped over 10,000 students navigate the path into college, making it the largest marketplace for college advisory services in the country.

“The pricing in the college advising industry can get outrageous. Our mission is to bring data tools to families and drive down costs to expand access,” said Jon Carson, the CEO of CollegeVine. “We plan to use the Series B investment to expand our data science and engineering teams and to support our ability to bring affordable services to families making one of the most consequential decisions in their lifetime.”

CollegeVine’s mission is to address the increasingly significant college guidance gap in U.S. public high schools, where the average student typically receives 38 minutes of guidance over four years even as they confront a high degree of information asymmetry in college selection. Approximately ninety-one percent of its customers are public school students and packages start at less than one-thousand dollars. CollegeVine provides them the tools to not only navigate the high school to college journey and but also recommends the highest ROI schools to minimize debt and improve career outcomes.

“We felt CollegeVine was affordable and offered the best value for the investment,” said Christine Sloss, the mother of a CollegeVine student. “They helped us negotiate the offer from my son’s first choice school, and got us a significant boost in aid. CollegeVine was a gift for our family. The amazing advice and emotional support they gave us was worth every penny and more.”

“CollegeVine is leading the way in creating an affordable, data-driven approach to decision making for students hoping to get into college,” said Daniel Pianko, University Ventures Managing Director.

CollegeVine’s $6.7 million Series A round of funding was led by Morningside with participation by UV and Silicon Valley Bank.

 

SOURCE CollegeVine

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i-exceed’s Appzillon Powers Canara Bank’s Omni-Channel Consumer Banking – A Comprehensive Solution for Cutting-Edge Mobile and Internet Banking Experiences

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i-exceed’s Appzillon Powers Canara Bank’s Omni-Channel Consumer Banking – A Comprehensive Solution for Cutting-Edge Mobile and Internet Banking Experiences

 

For some time now, Canara Bank, one of the leading public sector banks in India has been working with i-exceed for a successful digital transformation.

The bank started its digital transformation journey in 2017 by launching CANDI – India’s first truly digital banking branch that offers various banking services to the customers including instant digital on-boarding.

The next phase of digital transformation took place in the form of Omni-Channel Consumer Banking. Here, the bank wanted to provide a consistent user experience to its customers across all mobile and Internet channels.

i-exceed’s Appzillon Omni-Channel Consumer Banking proved to be the right fit for Canara Bank’s requirements because of its capabilities to function as a stand-alone system and also perfectly integrate with existing legacy systems. Customers can now use common credentials and access a unified beneficiary database, limits, etc. across different solutions offered by the bank. i-exceed’s offering also ensured quick time to market of all the project deliverables in an agile manner.

Omni-Channel Consumer Banking has been built using Appzillon Digital Experience Platform. A unique differentiator of the platform is its micro-app based architecture. It enables app developers to combine as well as customise micro apps from Appzillon Digital Repository to build complex apps much faster than other platforms in the market. Apps developed using Appzillon follow a ‘code once deploy anywhere’ approach that significantly reduces development and deployment effort for a wide range of environments (operating systems, browsers, and device form factors). The scalable architecture of the platform played an integral role in the app’s success as it could swiftly adapt to the large volumes of transactions taking place on Canara Bank’s Internet banking channel.

Recently, leading global FinTech-focused analyst firm IBS Intelligence recognized i-exceed at the Global FinTech Innovation Awards for ‘Most Innovative Digital Banking Implementation’ at Canara Bank.

S Sundararajan, Executive Director at i-exceed commented, “We are proud to be associated with Canara Bank for almost three years in their digital transformation endeavours. We are very excited to partner with them on their multiple digital initiatives as they become a digital-first bank. We wish Canara Bank all the best in their initiatives and look forward to our continued engagement as there is a tremendous opportunity to bring more customers to perform all their transactions digitally.”

SOURCE i-exceed technology solutions

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Ping An Completes First Venture Investment in India to Enhance Auto Services Ecosystem

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Ping An Insurance (Group) of Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEx:2318; SSE:601318) announced that Ping An Global Voyager Fund, its overseas investment arm, has led a US$70 million Series D in Indian auto technology company CarDekho, alongside Sequoia Capital and Hillhouse Capital. This is Ping An’s first venture investment in India.

CarDekho Group, founded in 2008, is one of India’s leading autotech companies. It has successfully digitized the auto ecosystem in India and is aggressively pursuing the vision to own the personal mobility space by helping customers across their entire car buying and ownership journey. CarDekho Group currently has operations in IndiaIndonesia and Philippines and operate leading Indian auto sites such as CarDekho.com, Gaadi.com, ZigWheels.com, BikeDekho.com, InsuranceDekho.com and PowerDrift.com.

Based in ChinaPing An is one of the world’s largest financial services companies. Ping An has been investing heavily in technology and building five ecosystems covering financial services, health care, auto services, real estate services, and smart city services. The Group is the majority shareholder of China’s largest auto portal Autohome (NYSE: ATHM).

“Auto services are a core component of Ping An’s ‘finance + ecosystem’ strategy, reflected in our majority shareholding in Autohome in China. We have been extremely impressed with the business CarDekho has built in India, particularly its success in developing different types of financial services offerings to address car buyers’ needs,” said Donald Lacey, Managing Director and COO of the Ping An Global Voyager Fund. “The Global Voyager Fund’s stake in CarDekho represents Ping An’s first venture investment in India, and we are delighted to partner with an organization of CarDekho’s caliber.”

“It’s a matter of great pride for us at CarDekho that Ping An is choosing us as their first Indian investment. As a leading full stack autotech company in India, we at CarDekho are committed to help consumers throughout their car buying journey. Our unique auto ecosystem provides us a competitive edge in reaching out to consumers and engage with them through our various transaction models at one platform. With the latest fundraise, we will continue to strengthen our domestic and international businesses and will aggressively work towards becoming the largest personal mobility player in the country,” said Mr Amit Jain, CEO and Co-Founder, CarDekho Group.

 

SOURCE Ping An Insurance Group Ltd.

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Broadridge Announces Pricing of $750 Million Senior Notes

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Broadridge Financial Solutions, Inc. (NYSE: BR) (“Broadridge”) today announced that it has priced $750 million aggregate principal amount of 2.900% senior notes due 2029 (the “Notes”) in an offering registered under the Securities Act of 1933, as amended.  Broadridge intends to use the net proceeds of this offering to repay the outstanding indebtedness under its revolving credit facility and for general corporate purposes.

J.P. Morgan Securities LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, Barclays Capital Inc., BNP Paribas Securities Corp., TD Securities (USA) LLC. and U.S. Bancorp Investments, Inc. are acting as the joint book-running managers for the offering.

The Notes are being offered pursuant to an effective registration statement only by means of a prospectus and related preliminary prospectus supplement, copies of which may be obtained from: J.P. Morgan Securities LLC collect at 212-834-4533, BofA Securities, Inc. toll-free at 800-294-1322, Morgan Stanley & Co. LLC toll-free at 866-718-1649 and Wells Fargo Securities, LLC toll-free at 800-645-3751.

You may also visit www.sec.gov to obtain an electronic copy of the prospectus and related preliminary prospectus supplement.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

 

SOURCE Broadridge Financial Solutions, Inc.

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