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venture capitalists: many venture capitalists prohibit parallel investments. Yuri Milner’s DST cheers him on
Many venture capitalists frown or even prohibit their partners from using their own money to make side investments in startups. At DST Global, the investment group headed by Russian-Israeli billionaire Yuri Milner, personal investing is institutionalized. A prevailing philosophy in venture capital is that allowing partners to negotiate personal investments can put their interests at …
Babel Finance Appoints Yang Song as Treasury Director as Crypto Lending Business Grows
HONG KONG SAR – Media OutReach – May 6, 2022 – Babel Finance announced on April 18 the appointment of Yang Song as Director of Treasury. Babel Finance Financial Services recently created this role as the company expands the reach of its services to more diverse client groups. Babel Finance, which has the largest crypto …
Sources, Auto News, ET Auto
“You should watch this metric because when it gets tough, RBI is now on its own,” a source said. The RBI’s surprise rate hike may have been prompted by its failure to convince the government to cut excise duties on petrol and diesel and take other supply-side measures to rein in runaway inflation, sources familiar …
Alchemy launches Buy Now Pay Later lending platform to turn every retailer into a FinTech business
According to Allied Market Research, the BNPL market is currently a $100 billion market. It is expected to grow to a 4 trillion dollars market over this decade, growing at a compound annual growth rate of 45%. Buy Now Pay Later is a short-term financing option that allows merchants and small businesses to sell their …
Wall Street’s Jane Street borrows $25 million via DeFi lending platform Traditional institutions are increasingly using DeFi loans
TradFi executives are getting closer and closer to DeFi. Example: Jane Street, a Wall Street quantitative trading firm with over $300 billion in assets, took out a USDC 25 million loan from BlockTower Capital. The loan, worth $25 million, was facilitated by decentralized finance platform Clearpool, he said on May 3. Whitelist Clearpool enables institutions …
lending activity: L&T Finance explores the lending activities of outgoing real estate projects
L&T Finance is exploring “inorganic structures” to exit the real estate project lending business or at least reduce its exposure in the segment by partnering with other financiers, a senior company official said on Monday. The company is also looking to partner with dedicated funds to create a platform that will commit funds to infrastructure …
PBCOM reports ‘record’ earnings in 2021 as lending activity recovers
MANILA, Philippines — The Philippine Bank of Communications (PBCOM) posted “record” profits last year as its core lending business begins to recover amid easing pandemic restrictions. In a stock exchange statement on Monday, PBCOM, which recently received a universal banking license, said consolidated net profit rose 34.6 percent year-on-year to 1.57 billion pesos in 2021. …
Digital Lending Platform Market 2022 Innovative Strategy by 2029
The Global Digital Lending Platform Market Research Report 2022-2028 comprehensively studies the vital aspects of the competitive landscape, market dynamics, regional expansion, production, and consumption. The report provides information on key growth drivers, restraints, challenges, trends, and opportunities to offer a comprehensive analysis of the global Digital Lending Platform market. The report highlights opportunities and …