When the U.S. Feds cut interest rates by half a percentage point last week, it was a dash of good news for venture capitalists backing one particularly beleaguered class of startups: fintechs, especially those that rely on loans for cash flow to operate their businesses. These companies include corporate credit card providers like Ramp or […]
Kwon Eunbi Calls Out Her Acquaintances Asking For Loans On National TV
Soloist Kwon Eunbi openly called out her acquaintances for pestering her with loan requests. Kwon Eunbi | @silver_rain.__/Instagram On September 24, Eunbi appeared on the SBS show Dolsing Fourmen with Kim Wansun and MAMAMOO’s Hwasa, where she candidly talked about her career trajectory and the changes it has brought along the way. (From L to […]
Finmid raises $24.7M to help SMBs access loans through platforms like Wolt
Berlin-based finmid — one of the many startups building embedded fintech solutions, in its case targeting marketplaces that want to provide their own payment and financing options — has raised €23 million ($ 24.7 million) in a Series A round to further build out its product and enter new markets. The round values the company […]
US to award TSMC $6.6B in grants, $5B in loans to step up chip manufacturing in Arizona
The U.S. Commerce Department said on Monday that it has signed an agreement to award Taiwan Semiconductor Manufacturing (TSMC) $ 6.6 billion in direct funding under the CHIPS and Science Act to set up semiconductor factories in Phoenix, Arizona, and provide up to $ 5 billion in loans. This grant, pegged for the company’s U.S. […]