Recent News
CIBC Innovation Banking, Ten Coves Capital and Mosaik Partners Provide Point Predictive Inc. with Growth Financing
10.28.2021
October 28, 2021 | businesswire.com | RESTON, Va. -- CIBC Innovation Banking, Ten Coves Capital, and Mosaik Partners are pleased to announce that they have provided new credit facilities and equity financing to San Diego-based Point Predictive Inc. (“Point Predictive”), a leading data and analytics company that helps lenders automate loan decisions, mitigate loan losses and reduce underwriting friction. Leveraging un-matched industry data consortiums and the power of AI and machine learning models, Point Predictive helps lenders better separate truthful loan applications from those containing fraud and misrepresentation to accelerate the underwriting process − a significant industry demand. Point Predictive’s solutions help automotive, mortgage, and other consumer lenders reduce manual document verification and consumer friction by quickly and accurately identifying fraud and misrepresented information. Through a unique combination of artificial and natural intelligence, Point Predictive’s platform streamlines the underwriting process by enabling lenders to avoid the costly burden of manually ...What chip shortage? MagicCube raises $15M to ‘replace all chips,’ starting with POS terminals
10.14.2021
October 14, 2021 | TechCrunch | SAN FRANCISCO -- MagicCube, a mobile security startup, has raised $15 million in a round led by Mosaik Partners. Bold Capital, Epic Ventures, card-reader/POS hardware maker ID Tech and unnamed individual investors in the fintech space also participated in the financing, which brings the Santa Clara-based startup’s total funding raised to $30 million since its 2014 inception. Put simply, MagicCube’s software-based security technology is aimed at replacing all security chips, which have historically been the standard for safely storing sensitive data and authenticating whoever needs access to it. And it’s starting with financial services. The company’s technology lets merchants transform mobile devices into payment terminals. Or in other words, it gives merchants a way to accept card payments on any consumer device with no reader or extra hardware required. Consumer financial data is critical for digital-first experiences, but sharing also increases risk. The best ...Automated Compliance Leader Azimuth GRC Appoints Former JPMorgan Chase Veteran to Advisory Board
10.12.2021
October 12, 2021 | JACKSONVILLE, Fla. -- Azimuth GRC, a compliance automation pioneer, announces Shannon Warren is joining its Advisory Board. Shannon’s more than 25 years of experience in banking, audit and advisory services, including several finance roles at JPMorgan Chase, brings expertise with risk and control management, accounting and financial reporting, mergers and acquisitions, investment banking products and reputation risk management. “Shannon and her depth of experience is an amazing asset to our Advisory Board,” said Rohin Tagra, founder and CEO at Azimuth GRC. “Our knowledgeable board members bring our company a deep bench of expertise as we rapidly scale our business and serve our clients.” From 2012 to 2016, Shannon was the Chief Control Officer of JPMorgan Chase & Co. In this role, she established the Oversight and Control function and designed the framework for the identification and management of operational risk for all products and services offered by ...Azimuth GRC Secures Series A Financing Led by Mosaik Partners
08.31.2021
August 31, 2021 | PRNewswire | JACKSONVILLE, Fla. and SAN FRANCISCO -- Azimuth GRC, Inc., the Jacksonville-based regulatory compliance software platform, announced today that it has secured Series A financing. Mosaik Partners, a San Francisco-based venture capital firm focused on financial technology, led the round which included other new and existing investors. The new funds will be used to hire additional talent, further enhance the platform, and expand sales and marketing efforts. Azimuth GRC also announced additions to the executive management team, including Stephen Garrett as Chief Technology Officer and Kimberly Redd as Vice President, Product Management. "Azimuth GRC's technology helps financial institutions evaluate adherence to regulations and automate compliance testing, which has historically been a costly, lengthy and manual process," said Rohin Tagra, Founder and CEO at Azimuth GRC. "Mosaik is the perfect partner for us as we embark on our next phase of growth, bringing significant operating and advisory expertise, in addition to a broad network ...