July 10, 2019
JAGGAER Hits $1.5B Valuation In Deal With Cinven

European private equity firm Cinven has taken a stake in eProcurement technology firm JAGGAER that is said to value the company at about $1.5 billion. Cinven issued a statement on...

July 10, 2019
Mastercard Launches Early Pay Option For Gig Workers

Much of the magic of using gig economy services like Uber is contained in the payment experience itself. Instead of fussing with cash or a card at the end of...

July 09, 2019
Indian Delivery Co Milkbasket Buys eGrocer PSR Supply Chain

Indian online grocery delivery company Milkbasket has acquired online grocery distributor PSR Supply Chain, according to reports. The amount of the acquisition wasn’t disclosed.  “The acquisition of PSR Supply Chain...

July 09, 2019
Debt Loads Hobble Chinese Firms

There’s an old saying in investing, which, paraphrased, works out to “you only find out who is swimming naked when the tide goes out.” In general, this means those who...

July 08, 2019
Revolving Credit Balances Rise 5 Pct In May

The debt balances climb ever higher. In the latest data reported by the Federal Reserve, total credit was up $17.1 billion in May as measured month over month. Drilling down...

July 08, 2019
Restaurant Operator Blames Bankruptcy On Wage Hike

Restaurant Unlimited Inc., an eatery operator with 35 restaurants, has filed for bankruptcy and is blaming the misfortune on a recent minimum wage hike in court filings, according to a...

July 08, 2019
Punjab National Bank Loses $556M To Fraudulent Buying

Punjab National Bank revealed that it had been defrauded $556 million from a struggling borrower, Bhushan Power & Steel, according to a report by The Wall Street Journal. This is...

July 05, 2019
India’s Struggling Alt Lending Sector A Risk To Economy

The non-bank lending sector in India has seen a few defaults and failures, and has reduced consumer and business credit, according to a report by The Wall Street Journal. The...

July 05, 2019
Funding Circle Delays Canada Launch In Gloomy Forecast

Funding Circle has reportedly cut its 2019 revenue expectations by half as it tightens small business (SMB) lending standards, reports in Reuters said this week, and analysts are advising the...