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.....»»
This Pipe-ing hot startup just raised $50M to be the ‘Nasdaq for revenue’
A little over one year ago, Pipe raised a $6 million seed round led by Craft Ventures to help it pursue its mission of giving SaaS companies a funding alternative outside of equity or venture debt. The buzzy startup’s goal with the money was to giv.....»»
Results of "Universal Basic Income" Program? Employment Increased
The Associated Press reports: After getting $500 per month for two years without rules on how to spend it, 125 people in California paid off debt, got full-time jobs and reported lower rates of anxiety and depression, according to a study released W.....»»
Employment Rose Among Those in Free Money Experiment
After getting $500 per month for two years without rules on how to spend it, 125 people in California paid off debt, got full-time jobs and reported lower rates of anxiety and depression, according to a study released this week. From a report: The pr.....»»
Study: Employment rose among those in free money experiment
After getting $500 per month for two years without rules on how to spend it, 125 people in California paid off debt, got full-time jobs and had "statistically significant improvements" in emotional health, according to a study released Wednesday......»»
Proptech startup States Title, now Doma, going public via SPAC in $3B deal
Real estate tech startup Doma, formerly known as States Title, announced Tuesday it will go public through a merger with SPAC Capitol Investment Corp. V in a deal valued at $3 billion, including debt. SPACs, often called blank-check companies, are in.....»»
Martech company Zeta Global raises $222.5M in debt
Martech company Zeta Global raises $222.5M in debt.....»»
With $62.5M in debt financing, Road Runner Media puts digital ads behind commercial vehicles
If Southern California-based Road Runner Media succeeds, you’ll start seeing a lot more ads while you’re driving. That’s because the startup is placing digital screens on the back of technicians’ vans, delivery vehicles, buses.....»»
Carvana Q4 net loss widens on debt costs; revenue surges
The online used-vehicle retailer's revenue and retail sales soared in the fourth quarter, though debt retirement led to a higher net loss......»»
Why two startups are betting on debt instead of equity
When there’s a need for capital, not every startup goes the venture route. Boast.ai, a company that plugs into business systems and automatically finds them R&D tax breaks, announced Wednesday it has raised a $100 million credit facility from Breve.....»»
SeedFi closes on $65M to help financially struggling Americans get ahead
Millions of Americans live paycheck to paycheck, and struggle to get out of a debt cycle. One startup is developing financial products targeted toward this segment of the population, with the goal of helping them build credit, save money, access fund.....»»
Study sheds light on how people cope with health challenges and medical debt
A recent qualitative study sheds light on how people cope with health and financial challenges, highlighting the important role that communication plays in these coping strategies......»»
After raising $150 million in equity and debt, Nature’s Fynd opens its fungus food for pre-orders
Nature’s Fynd, the food technology company with a new food offering cultivated from fungus found in the wilds of Yellowstone National Park, is releasing its first products for pre-order. Pitching both a non-dairy cream cheese and meatless breakfa.....»»
UpEquity raises $25 million in equity and debt for its cash-pay mortgage lending service
With a stated goal of aligning the mortgage industry with consumer interests, Austin-based UpEquity has raised $25 million in equity and debt funding to expand its business. Chief executive Tim Herman started the mortgage lending company to take adva.....»»
Ramp secures $150M debt line from Goldman Sachs as the corporate spend market grows
This morning Ramp, a startup that competes in the corporate spend market, announced that it has secured a $150 million debt facility with Goldman Sachs. Ramp previously raised a $30 million Series B in late December 2020, after raising a $23 million.....»»
New York’s David Energy has raised $4.1 million to ‘build the Standard Oil of renewable energy’
“We intend to build the Standard Oil of renewable energy,” said James McGinniss, the co-founder and chief executive of David Energy, in a statement announcing the company’s new $19 million seed round of debt and equity funding. McGinniss&.....»»
As location becomes irrelevant, Greek VCs eye local talent and spread their wings
Venture capital and venture debt have continued to grow in the country, although the angel scene remains low-key. According to a recent report on Greece’s startup ecosystem by management consultants Found.ation, venture capital and ve.....»»
"Meme Stock" Rally Rescues AMC Theaters From $600 Million Debt
This week's bizarre "meme stock" rally, which has delivered lottery-like windfalls for holders of GameStop stock, also wiped out $600 million in debt owed by the AMC theater chain. Polygon reports: That's because, on Wednesday, a private equity firm.....»»
Stilt, a financial services provider for immigrants, raises $100 million debt facility from Silicon Valley Bank
Stilt, a provider of financial services for immigrants in the United States, announced today it has raised a $100 million warehouse facility from Silicon Valley Bank for lending to its customers. This brings Stilt’s total debt facilities so far to.....»»
Charlie launches a mobile app that ‘gamifies’ getting out of debt
Charlie, a personal finance app that began as a chatbot, is relaunching today with a revamped experience focused on the larger goal of helping everyday Americans get out of debt. To do so, Charlie presents users with a full picture of their current d.....»»
AMC Raises $917 Million To Weather "Dark Coronavirus-Impacted Winter"
An anonymous reader quotes a report from Variety: AMC Theatres, the world's largest cinema chain, has raised $917 million in new equity and debt capital, the company said on Monday. "This increased liquidity should allow the company to make it throug.....»»