A long-running lawsuit over the Internet Archive’s “emergency” ebook lending practices during the COVID-19 pandemic has ended in a loss for the website and a victory for publishers. The lawsuit concerned the Internet Archive’s National Emergency Library, a program it established at the beginning of the pandemic to allow wider access to some 1.3 million […]
Validus, a Singapore-based digital SME lending platform, secures $50M debt financing to help enterprises in Indonesia
Validus, a Singapore-based digital lending platform for small and medium businesses, has secured $ 50 million in debt financing from HSBC under the ASEAN Growth Fund strategy. Validus will use the proceeds to support the financial inclusion of micro, small and medium enterprises (MSMEs) in Indonesia, addressing the challenges they face in accessing financial resources. […]
Super Junior’s Heechul Estimates He Lost Half A Million Dollars Through Money Lending
Super Junior member Heechul shared a shocking story of how he lost nearly USD 500,000 dollars simply because he couldn’t say “no” to people. Heechul | Sports Kyunghang Heechul recently appeared on the popular YouTube show Don’t Forget Your Breakfast, hosted by Jang Sung Kyu, as a special guest. Since the two have been good […]
Fintech lender Solo Funds is being sued again by the government over its lending practices
The Consumer Financial Protection Bureau is suing SoLo Funds, a fintech company that enables peer-to-peer lending, alleging that the company used “digital dark patterns” to deceive borrowers and illegally took fees while advertising to consumers that there were no fees. “The CFPB is suing SoLo for using digital trickery to hide interest and fees on […]
Lending Platform Ledn Launching Bitcoin-Backed Mortgage Product, Raises $70 Million
Global digital asset savings and credit platform Ledn has announced the upcoming launch of a bitcoin-backed mortgage product, calling it “the first product of its kind to hit the market.” The company has also raised $ 70 million, which brings its valuation to $ 540 million. Bitcoin-Backed Mortgage — ‘The First Product of Its Kind […]