Evergrande Has Defaulted On Its Debt
Evergrande, the embattled Chinese property developer, has defaulted on its debt, according to Fitch Ratings. From a report: The credit ratings agency on Thursday downgraded the company and its subsidiaries to "restricted default," meaning that the fi.....»»
Marco Financial raises $82M in debt, equity seed round to support small Latin American exporters
Small and medium-sized businesses in Latin America finding it difficult to get the funds they need to export their goods to the United States is a gap Marco Financial is looking to bridge. Small and medium-sized businesses in Latin America.....»»
"Financially Hobbled for Life": The Elite Master"s Degrees That Don"t Pay Off
An anonymous reader shares a report: Recent film program graduates of Columbia University who took out federal student loans had a median debt of $181,000. Yet two years after earning their master's degrees, half of the borrowers were making less tha.....»»
PowerZ raises $8.3 million for its video game focused on education
French startup PowerZ has raised another $8.3 million (€7 million at today’s exchange rate) including $1.2 million (€1 million) in debt — the rest is a traditional equity round. The company is both an edtech startup and a video game studio wi.....»»
Raylo nabs $11.5M to get more mobile users to lease and reuse
UK-based smartphone subscription startup Raylo has tucked $11.5 million in Series A funding into its top pocket, led by Octopus Ventures. The equity round follows a debt raise last year — and brings Raylo’s total raised since being founde.....»»
The rise of cybersecurity debt
In software development, there is a concept called "technical debt." It describes the costs companies pay when they choose to build software the easy (or fast) way instead of the right way. Howard Boville Contributor.....»»
Architect Capital brings alternative capital to the early stage with new $100M fund
Early-stage startups are increasingly looking for alternative ways to access capital, meaning not every company wants to raise money from VCs or take on debt. In recent years, a flurry of startups have emerged to give companies other options. (Think.....»»
After Joint Debt, EU Seeks More Integration With Digital ID Card
The European Commission will on Thursday propose the introduction of so-called digital wallets that will offer access to a range of services across the EU for the bloc's 450 million citizens, in a further step toward closer integration in the afterma.....»»
Jeeves emerges from stealth with $131M in debt and equity and a16z as a lead investor
Jeeves, which is building an “all-in-one expense management platform” for global startups, is emerging from stealth today with $131 million in total funding, including $31 million in equity and $100 million in debt financing. The $31 million in.....»»
Tier banks $60 million in debt from Goldman Sachs to expand scooter fleet
Berlin-based Tier Mobility has raised $60 million to help the e-scooter company expand its fleet and its network of battery charging stations in 2021. The funds, which come from investment banking firm Goldman Sachs, come just weeks after Tier was aw.....»»
Opting for a debt round can take you from Series A startup to Series B unicorn
For many early startups, debt financing is not an option. If companies want to preserve equity, however, debt can be an advantageous choice. Mario Ciabarra Contributor Share on Twitter.....»»
Brockman"s $15 million fishing lodge faces seizure in tax fraud case
Prosecutors claim that assets tied to debt fraud charges are subject to forfeiture, including a fishing lodge the former Reynolds and Reynolds CEO developed on the Frying Pan River in Colorado......»»
AT&T Merges Media Assets With Discovery in Blockbuster Deal
AT&T has agreed to spin off its media operations in a deal with Discovery that will create a new entertainment company, merging assets ranging from CNN and HBO to HGTV and the Food Network. From a report: AT&T will receive $43 billion in cash, debt s.....»»
University Cancels $700,000 in Student Debt for 220 Graduates Affected by the Pandemic
Delaware State University -- also known as DSU -- "is cancelling more than $700,000 in student loans for recent graduates hit hard by the Covid-19 pandemic," reports CNN: DSU will cancel $730,655 for more than 220 people, the school announced this w.....»»
Low level of education the clearest common feature behind payment defaults
Payment defaults are also more frequent among families with children and the recently divorced and their accumulation is common especially among young people and those with credit card and installment payment debt, according to a recent study......»»
Don’t hate on low-code and no-code
You can't dismiss no- and low-code services as a fountain of technical debt and lukewarm dev projects. If you do, the market is kinda saying that you're just elitist and obstinate. As far as I can tell, low-code and no-code services are rap.....»»
Dell dumps another big asset moving Boomi to Francisco Partners and TPG for $4B
It’s widely known that Dell has a debt problem left over from its massive acquisition of EMC in 2016, and it seems to be moving this year to eliminate part of it in multi-billion chunks. The first step was spinning out VMware as a separate comp.....»»
How UK-based Lendable is powering fintechs across emerging markets
What moves the needle for digital lenders is serving loans to their respective customers. But where does this money come from? The pool is usually equity or debt. While some lenders use the former, it can be seen as folly because, over time, the foun.....»»
Finding the optimal way to repay student debt
The burden of student loans in the U.S. continues to grow unabatedly, currently accounting for a total of $1.7 trillion in household debt among nearly 45 million borrowers. "The introduction of income-based repayment over the past decade has made stu.....»»
TravelPerk raises $160M in equity and debt after a year of derailed business trips
The pandemic has hammered the travel sector over the past 12 months so you’d be forgiven for feeling a bit of pre-COVID-19 déjà vu at this news: Business trip booking platform TravelPerk is announcing a $160M Series D. The round, which is a m.....»»
Why older Americans are taking on more debt
Older Americans are accumulating more debt as they near retirement, according to recent research that reveals a troubling trend in personal finance among people in their 50s and early 60s......»»