Youngstown debt management company Spinwheel raises $11 million
Youngstown debt management company Spinwheel raises $11 million
A Youngstown financial services company has secured $11 million in funding, according to a news release.
Spinwheel, a Youngstown Business Incubator portfolio company, just announced the close of a funding round for its consumer debt management platform. The company was founded in 2019 by Tushar Vaish and Tomás Campos after Campos saw how student debt affected members of his family, the release stated.
The funding was led by QED Investors, the release stated, with participation also coming from Core Innovation Capital, Fika Ventures and Firebolt Ventures.
It will be used to help the company grow its team, scale its product roadmap and expand to other debt categories like mortgages.
With the return of earmarks, also known as pork barrel spending, U.S. Rep. Tim Ryan is asking for money for projects for various Mahoning Valley organizations, including Mercy Health-Youngstown, Mahoning County High School, Gleaners Food Bank as well as road improvement work and bike trails.
House Democrats announced they would bring back earmarks that were banned in 2011 when Republicans took control of the House. Before the ban, opponents said earmarks were abused and had little oversight.
House Democrats changed the rules with the return of earmarks. Members had to make the projects public along with an explanation for each proposal, and the number of requests is restricted.
dskolnick@tribtoday.com
With the return of earmarks, also known as pork barrel spending, U.S. Rep. Tim Ryan is asking for money for projects for various Mahoning Valley organizations, including Mercy Health-Youngstown, Mahoning County High School and Gleaners Food Bank, as well as road improvement work and bike trails.
House Democrats announced they would bring back earmarks that were banned in 2011 when Republicans took control of the House. Before the ban, opponents said earmarks were abused and had little oversight.
House Democrats changed the rules with the return of earmarks. Members had to make the projects public along with an explanation for each proposal, and the number of requests is restricted.
Photo Credit: ExOne
On April 28 ExOne Co. (North Huntington, Pa., U.S.), a binder jet 3D printing technology company announced it has acquired the assets of Freshmade 3D (Youngstown), an Ohio-based startup with a patented method of creating durable AMClad tooling out of sand forms 3D-printed on ExOne machines for a wide range of composite tooling applications. The strategic move will strengthen ExOne’s position as a provider of large-format 3D-printed (also known as LFAM) tooling for industrial applications.
AMClad tooling, which is 3D printed in low-cost sand on ExOne systems and then infiltrated and coated using Freshmade 3D’s patented method, is said to eliminate weeks or months of time spent waiting for conventional tooling. What’s more, Freshmade 3D says, it typically offers a 30-50% cost savings.
Apr 29, 2021
YOUNGSTOWN Freshmade 3D, a portfolio company of the Youngstown Business Incubator, was purchased by suburban Pittsburgh firm, ExOne Company, a manufacturer of 3D-printing systems, it announced Wednesday.
The move allows ExOne to offer AMClad Tooling, a process patented by Freshmade 3D of infiltrating and coating 3D-printed sand forms to give them strength for a wide range of tooling applications, including vacuum forming.
Freshmade 3D already was using ExOne systems to make the tooling, according to a press release.
“We launched AMClad with the idea of using sand 3D-printing technology to deliver hard tooling faster and with more design freedom, to enable U.S. manufacturers to produce more locally and faster,” said Rich Wetzel, Freshmade 3D co-founder, who now will join ExOne’s applications team. “ExOne is the best company to accelerate this technology as we scale up for customers who’ve decided to leverage our solution to meet production goals faster. Co