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Unlimited Opportunity
By Jennie Tabor – River City LifestyleJuly 1, 2022 St. Jude’s Research Hospital, AutoZone, FedEx… some of the country’s most well-known and respected organizations were founded right here in Memphis. Throughout history, Memphis’ entrepreneurial spirit has fueled economic growth not just for the Bluff City, but for the world. And the next big idea to…
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Local startup Planet Wealth hits $10M in funds raised, gears up for customer use
By John Klyce – ReporterOctober 12, 2021, 01:01pm CDT For years, Greg Sossaman was employed by financial institutions. And though he enjoyed the work, there was something that frustrated him. Because most banks don’t like to take on risks, businesses that seriously needed money weren’t always considered credit worthy — while more affluent businesses that…
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Planet Wealth to offer access to capital, resources
By Christin Yates, Special to the Daily MemphianUpdated: August 01, 2021 7:36 AM CT | Published: August 01, 2021 4:00 AM CT Dr. Jeffrey Cole (left) and Greg Sossaman recently started Planet Wealth, a new financial tech company based in Memphis that has raised $6 million from 70 local investors. (Mark Weber/The Daily Memphian) As…
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Putting Wall Street in the cloud: How Planet Wealth, a Memphis startup, plans to widen the doors of capital access
By John Klyce – Reporter, Memphis Business JournalJul 29, 2021Let’s say someone wants to buy a vacation house in Myrtle Beach to rent out and manage, and they need to raise $200,000 for a down payment. According to Greg Sossaman, just the cost to compile documents could be $10,000 to $15,000. And then there’s the…