An increasing number of drivers reportedly owe more on their loans than their cars are worth. It’s a situation known as negative equity, and last month, American consumers were “underwater” on their loans by an average of $6,054, the most since April 2020, Bloomberg News reported...
President Biden issued an executive order on Monday (Oct. 30) on artificial intelligence (AI) to ensure that America leads in harnessing the potential of AI while managing its risks. Two days later, on Wednesday (Nov. 1), the Biden Administration followed up the executive order with...
Japan’s buy now, pay later (BNPL) startup Paidy announced it has closed a Series C extension funding round led by previous investor ITOCHU Corporation. ITOCHU previously participated in Paidy’s Series B round in 2016 and its Series C round in July 2018, bringing its total investment...
Luxury fitness company Equinox seeks additional financial support as it maneuvers to expand its online platform. The SoulCycle majority owner is currently in “advanced conversations” to obtain more funding. Private equity firm Silver Lake is interested, among other potential investors, according to reports, with sources...
December 20, 2018
Capital tied to equity can be expensive, time-consuming and sometimes deflating. Funding negotiations and deals are complex. A business might end up trading chunks of itself to fund day-to-day marketing. Outsiders join the board and often end up gaining total or near-total control of the company. And if the entrepreneurial idea behind all that funding […]
May 16, 2024
Yendo, a FinTech offering a credit card tied to users’ car equity, is $165 million richer. The company announced the new funding — $150 in debt financing, $15 million in equity — Thursday (May 16), saying it would use it to fuel the growth of originations on its platform, letting it extend credit to more users at […]
December 17, 2023
An increasing number of drivers reportedly owe more on their loans than their cars are worth. It’s a situation known as negative equity, and last month, American consumers were “underwater”...
November 03, 2023
President Biden issued an executive order on Monday (Oct. 30) on artificial intelligence (AI) to ensure that America leads in harnessing the potential of AI while managing its risks. Two...
April 09, 2020
Japan’s buy now, pay later (BNPL) startup Paidy announced it has closed a Series C extension funding round led by previous investor ITOCHU Corporation. ITOCHU previously participated in Paidy’s Series B...
