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Velocity accelerator

Meet the Southern Startups Selected for Alabama's Velocity Accelerator

Birmingham’s Velocity Accelerator, the only startup accelerator program in the state of Alabama, has selected its second class of companies to join the three-month program. Eight startups, including six from the southeast, will receive $50,000 and begin the program in January. Velocity Accelerator is based at Innovation Depot,

TSYS

TSYS Acquires Boston-Based Payments Tech Company for About $1B to Serve More Small to Mid-Size Businesses

Payments solutions giant TSYS has acquired payments technology and merchant-acquiring company Cayan for $1.05 billion in cash. The acquisition will help Columbus, Georgia-based TSYS grow their client base for merchant acquiring in the small and medium-sized business (SMB) market, a major focus for their strategic goals moving forward. Boston-based

shipt

Target Acquires Alabama Grocery Delivery Startup for $550M to Compete In Same-Day Delivery

Birmingham, AL-based Shipt, a three-year-old grocery delivery company that competes with Instacart and AmazonFresh, has been acquired by Target for $550 million in cash. The acquisition of Shipt’s delivery platform and on-demand shopper network will help Target compete with the likes of Amazon, along with recently rolled out same-day

acivilate

Inmate Re-Entry Platform Acivilate Raising $3M Seed Round to Service More Recently-Released Prisoners

Cloud-based SaaS platform Acivilate has raised a $3 million seed round, led by Atlanta-based investment firm BIP Capital with additional participation from public-private venture firm GRA Venture Fund, LLC, to continue expanding their product that helps newly-released prisoners with the re-entry process. "Seed round will be used to continue

Accenture Is Helping One Non-Profit Build A New Tech Academy On Atlanta's Westside

Accenture Is Helping One Non-Profit Build A New Tech Academy On Atlanta's Westside

According to the Your Talent Your Future entry-level talent assessment, Georgia sees a higher unemployment rate than the national average and is ranked as the number two state for the worst economic mobility. The report shows how these sobering statistics are partly due to skills gaps — meaning that there are

BitPay series B

BitPay Is Raising A $30M Series B to Expand, Add New Cryptocurrencies

Blockchain payments technology platform BitPay is raising a $30 million Series B funding round led by Aquiline Technology Growth, a fund managed by private equity firm Aquiline Capital Partners. BitPay CEO Stephen Pair says additional investors to the round are undecided as of yet, but that the round is oversubscribed

FasterCapital

Middle East-Based Virtual Incubator Plants Regional Partner to Look for Southeastern Startups

FasterCapital, a virtual incubator based in Dubai, is looking for southeastern startups and has placed boots on the ground to do it. Former Silicon Valley startup catalyst and technology entrepreneur Arthur Stepanyan is serving as the startup program’s first Regional Partner in the southeast and will be based in