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Accel Mortgage

Stephan Balino & Welton Kalani Found Guilty of Mortgage Fraud

Following a nine day trial, a jury found two Honolulu mortgage brokers guilty of offenses stemming from a mortgage fraud and money laundering ...

Washington Trust Provides $11.7 Million in Financing for Mixed-Use Commercial Property in Westport, CT

The two-story property was built in 1969 and is located on a 1.33 acre site at 180 Post Road in Westport. Featuring a total of 34,062 square-feet, the building is separated into five retail spaces ranging in size from 1,100 to 4,000 square-feet on the ground floor and ten office spaces ranging in size from 1,154 to 6,250 square-feet on the second floor. The property also includes a 100-space adjacent parking lot located one block from Main Street, one of the premiere retail locations in CT.

“Washington Trust was very pleased to begin a relationship with Accel International, financing their acquisition of this premier Westport asset,” said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust’s Commercial Real Estate Group. “With its proximity to the downtown shopping and commercial district of Westport, the property’s retail and office spaces are highly desirable.” 

“Washington Trust provided the best financial tools with great follow up and detail to make this investment opportunity a seamless acquisition,” said Jodi Oh, a principal of Accel International.

MessageBird Raises $60 Million in Series A Funding From Accel ...

Here’s a startup story you don’t hear every day: MessageBird , a cloud communications company, is bootstrapped, profitable, and on track to reach a $100 million revenue run rate this year.

After six years of turning down investors, founder and CEO Robert Vis has finally decided to take outside capital. Based in Amsterdam, the company announced today that it raised $60 million in Series A funding from U.S.-based Accel and U.K.-based Atomico.

“You should raise money for a purpose — not for the purpose of just raising money,” Vis said. “If we hadn’t found the right partners, then we probably would’ve waited longer.”

MessageBird, which has partnerships with 220 carriers globally, provides a telecommunications infrastructure to help companies communicate with their customers on a large scale. Some 15,000 companies use MessageBird’s platform, including Uber, DoorDash, SAP, and Heineken. In other words, if you get a text message from Uber that your driver has arrived, you’re communicating through MessageBird’s system.