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Swedish Startup Lendify Closes $115M Funding Deal

PYMNTS

Swedish peer-to-peer (P2P) lending startup Lendify has secured $115 million in funding from Insight Investment, according to a Bloomberg report on Wednesday (Oct. Last year Insight Investment supported the digital lender with a 1.5 In the past, the startup was supported by P2P lending and institutional capital.

Startups 103
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Poshmark Files For IPO After Posting Record Profits

PYMNTS

Secondhand eCommerce platform Poshmark filed for an initial public offering (IPO) after posting more than $30 million in profit across two consecutive quarters. “We We only recently became profitable and have experienced net losses. The Silicon Valley startup posted a net loss of $14.5 million last year.

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Ant Financial Posts Rare Quarterly Loss

PYMNTS

Ant Financial , the Chinese FinTech giant and an affiliate of Alibaba Group , posted an earnings pre-tax loss of 2.4 The Wall Street Journal ( WSJ ), citing Ant, reported that the company had a pre-tax profit of 5.3 Alibaba blamed the loss on increased investments to capture growth. It posted 9.18 It posted 9.18

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Gojek, Grab Renew Merger Talks With SoftBank’s Support

PYMNTS

Shareholders, including Japan-based SoftBank , which first invested in Grab six years ago and in several later funding rounds, have urged the startups to return to the table, FT reported. But Gojek has proved a resilient rival. As a result, sources told FT Son is now among the biggest champions of a merger.

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To NPV or Not to NPV: That Is the Question

Fpanda Club

oracle Aesop formulated his investment insight "a bird in the hand is worth two in the bush" and since that time the model for calculating the value of an asset as the present value of the cash generated by this asset throughout its life has remained unchanged. In about 600 B.C. and help identify most probable outcomes.

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SoftBank CEO Says WeWork Investment Was ‘Foolish’

PYMNTS

It’s not often that a CEO publicly admits they made a blunder, but that’s just what SoftBank Founder and CEO Masayoshi Son did Monday (May 18) regarding the firm’s WeWork investment, which went south, Business Insider reported. “It Vox reported last fall that SoftBank had invested $18.5 billion at the end of March, down from $7.3

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OYO May Not See Profits In China, India Until 2022

PYMNTS

India-based OYO has filed a valuation report with India’s ministry of corporate affairs indicating that the company did not expect to turn a profit until 2022, Reuters reported on Monday (Nov. The losses were six times higher in 2019 through March compared to 2018, but its revenue more than quadrupled for the same time period.