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.....»»
Newly-christened Percent wants to make it easier to securitize corporate debt
Debt is the new equity. As founders run around trying to fend off prying VCs from their cap tables, they are increasingly turning to debt products like revenue-based securities in order to get the capital they need today while protecting them from di.....»»
European e-scooter and micromobility startup Dott raises $85 million
Dott has raised a new $85 million Series B funding round — this round is a mix of equity and asset-backed debt financing. Belgium-based investment company Sofina is leading the investment. Dott is a micromobility startup that is better known for it.....»»
Should Dell have pursued a more aggressive debt-reduction move with VMware?
The spin-out generates a large slug of cash Dell can use for debt relief, but could it have squeezed more money out of the deal? When Dell announced it was spinning out VMware yesterday, the move itself wasn’t surprising: there had be.....»»
SsangYong in receivership as owner Mahindra fails to find buyer
The Korean automaker is burdened with high debt, and its 2020 vehicle sales fell more than 20 percent from a year earlier......»»
Alexa von Tobel outlines how founders should manage personal finances
Von Tobel outlines steps to stay out of debt, build credit and accumulate wealth to ensure financial peace of mind as you take on the most stressful venture of your life: Starting a company. Few people are more knowledgable on the topic of.....»»
Connected Cannabis Co. raises $30 million to bring its designer weed strains to more states
Connected Cannabis Co. was founded in 2009 and has since grown to become a leading cultivator of designer cannabis strains. Today, the company announced $30 million in debt and equity financing. This comes after the company raised a $25 million Serie.....»»
Australia"s NDIS Gets a Government App With Blockchain But No Ethics
An anonymous reader quotes a report from ZDNet: Good news, disabled Australians! You'll soon be getting an app that will implement a welfare compliance regime designed by the people who brought you robo-debt. But don't worry, it'll have blockchain. N.....»»
Acorns’ new fintech target is debt management with acquisition of Pillar
Popular saving and investing app Acorns has acquired Pillar, an AI-powered startup built to help manage student loan debt, in its second acquisition of 2021. New York-based Pillar helps consumers optimize their debt payments by focusing first on stud.....»»
Don"t Let Information Debt Drag Your Digital Transformation Down
Digital transformation can provide great value when done properly. Don't let unmanaged information debt undo that value over time. Continue reading........»»
Backflip offers an easier way to turn used electronics into cold, hard cash
Mike Barile spent two years and racked up nearly $20,000 in credit card debt to bring his first startup, Backflip, to life. The former management consultant had spent years toiling in the startup grind, first at Uber, then, after taking a coding acad.....»»
Hitachi To Buy US Software Developer GlobalLogic for $9.6 Billion
Hitachi said on Wednesday it will buy U.S. software company GlobalLogic for $9.6 billion, including repayment of debt, as the Japanese industrial conglomerate pivots from electronics hardware to digital services. From a report: The deal is the bigges.....»»
WeWork To Go Public Via SPAC At Significantly Reduced Valuation of $9 Billion
phalse phace shares a report from CNBC: WeWork has agreed to go public through a merger with blank-check firm BowX Acquisition Corp in a deal that values the office-sharing startup at $9 billion including debt. It marks a steep drop from the $47 bill.....»»
Benitago Group raises $55M in combined debt and equity to buy and grow Amazon brands
Benitago Group, a startup looking to build a big portfolio of Amazon brands, is announcing that it has raised $55 million in new funding — $3 million in equity and $52 million across multiple credit lines for acquisitions. “We want to take th.....»»
European branded payments startup Recharge raises $11.8M debt round led by Kreos Capital
Online branded payments now run the gamut of anything from Spotify vouchers, Netflix vouchers, Neosurf, PaySafe cards, and everything in between. Consumers use them to pay for a variety of things. In Europe, they are an increasingly big business. Now.....»»
China Evergrande’s $20 billion online arm considering U.S. IPO
FCB Group is working with advisers including Bank of America and CLSA. The portal has also reached out to prospective investors for a pre-IPO funding round......»»
Telegram Raises Over $1 Billion
Telegram has now announced it's pulled in over $1BN in debt financing by selling bonds. From a report: Founder Pavel Durov put out an update via his official Telegram channel after a press announcement earlier today had revealed the company had taken.....»»
Sivo, a young “Stripe for debt” led by a veteran operator, seems to have investors clamoring
Kate Hiscox is having a moment. Her company, Sivo, founded eight months ago, has already raised $5 million from investors at a post-money valuation of $100 million, and she is in active talks with others who would like her to consider accepting Serie.....»»
Caleres Reports Fourth Quarter and Full Year 2020 Results
Famous Footwear delivers strong fourth quarter earnings Paid down $50 million of debt during the quarter, ending fiscal 2020 below pre-COVID levels ST. LOUIS–(BUSINESS WIRE)–Caleres (NYSE: CAL) (caleres.com), diverse portfolio of consumer.....»»
Rogers Shaw Merger Could Shake Up Canadian Telecom
Rogers Shaw Merger Could Shake Up Canadian Telecom Canadian-based telecom providers Rogers Communications and Shaw Communications agreed to combine today in a $26 billion (including debt) merger that executives said will benefit the combined entity.....»»
SumUp raises $895M in debt to double down on its B2C payments business
SumUp, a London-based startup that helps businesses power revenues through card payments — by way of physical readers, online payments, invoices and other services — is itself powering up in a big way. Today it announced financing totalli.....»»