SFV FINANCE

FloQast Raises $40 Million in Growth Capital

Accounting software developer FloQast has raised $40 million in a series C funding round.

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Velocity Financial Goes Public

Velocity Financial Inc. in Westlake Village went public on the New York Stock Exchange.

Infinity Capital in Woodland Hills Acquired

A New Jersey alternate lender has acquired the merchant portfolio of Infinity Capital Funding, a San Fernando Valley firm providing loans and cash advances to small businesses.

Orange County Company to Buy Valley Securities Firms, Pending FINRA Approval

A Newport Beach investment holding company plans to acquire two securities broker dealer firms in the San Fernando Valley.

B. Riley, Kayne Anderson Finance Furniture Chain Acquisition

A subsidiary of B. Riley Financial Inc. in Woodland Hills and Kayne Anderson Capital Advisors in Los Angeles will provide a $700 million credit facility to finance the buyout of a furniture store chain.

Wescom Credit Union to Debut Rose Parade Float

Wescom Credit Union announced it will debut a float in next week’s Rose Parade.

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Westlake Village’s One Capital Management Acquired by Canadian Company

Canadian wealth management company CI Financial Corp. announced Monday it has acquired a majority interest in One Capital Management, an investment advisory firm in Westlake Village. Financial terms of the deal were not disclosed.

Jury Convicts Valley Residents in $126 Million Toner Scheme

A federal jury has found seven people – including three from the Valley region – guilty of conspiracy and mail fraud for participating in a decades-long, $126 million telemarketing scheme targeting thousands of small businesses, agencies and charities.

Camarillo Man Arrested for Role in $722 Million Bitcoin Scam

A Camarillo man was one of three people arrested Tuesday in connection with a cryptocurrency mining scheme that allegedly defrauded investors out of $722 million.

State Approves Bank of Santa Clarita Stock Split

The Bank of Santa Clarita on Tuesday announced the California Department of Business Oversight has approved the bank’s proposal of a three-for-two stock split.

Preview: End-of-Decade Deals

Business Journal's special report on the biggest deals of 2019.

Accounting Firm CNM Opens Office in San Diego

Woodland Hills financial advisory firm CNM LLP announced Thursday the opening of a new office in San Diego.

Cast & Crew Acquires U.K. Payroll Firm

Entertainment accounting firm Cast & Crew has acquired Sargent-Disc, a United Kingdom-based provider of payroll and accounting software for film and television clients.

Valley’s SRG Merges into Squar Milner Accounting Firm

Squar Milner, one of the largest independent accounting firms in California, announced Friday that it will be combining with Woodland Hills-based SRG, making Squar Milner the third largest accounting firm in the San Fernando Valley area.

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Economist Recommends Housing to Correct Ailing Ventura County Economy

Matthew Fienup, executive director of the Center for Economic Research and Forecasting at California Lutheran University, shared his annual breakdown of the dynamics affecting the economy on the national, state and Ventura County levels.

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