With the rise of peer-to-peer (P2P) apps that allow users to easily send and receive money, there has also been an increase in financial scammers looking to take advantage of unsuspecting individuals. These scammers use various tactics to trick people into sending them money, often posing as legitimate individuals or businesses. In order to protect… Continue reading How to spot financial scammers on on peer-to-peer apps
Tag: financial
Reliance spin-off Jio Financial Services slides 5% on market debut
Shares of Jio Financial Services Ltd, the recently spun-off arm of tycoon Mukesh Ambani-led Reliance Industries Ltd, dropped over 5 per cent in its market debut on NSE on Wednesday. Jio Financial Services, promoted by RIL’s subsidiary Reliance Retail Ventures Ltd, saw its scrips open at Rs 383.5, slightly lower than its issue price of… Continue reading Reliance spin-off Jio Financial Services slides 5% on market debut
Financial sells
One of the largest digital payment companies in India, Paytm, recently got some important news. Ant Financial, a major stakeholder in Paytm, has sold its massive stake worth $628 million to Paytm’s founder, Vijay Shekhar Sharma, in a no-cash deal. This news comes after Ant Financial increased its stake in Paytm last year in January… Continue reading Financial sells
Bloom Money raises £1M to digitize finance for ethnic communities
The power of fintech has been making waves in the financial market for quite some time now, and one startup is taking it to the next level by raising £1M to digitize finance for ethnic communities. Bloom Money, a UK-based fintech startup, has announced that it has secured £1M in a seed round backed by… Continue reading Bloom Money raises £1M to digitize finance for ethnic communities
Build a bottom-up financial model to show potential investors you’re serious
Financial models are one of the key tools that investors rely on to help them make decisions about potential investments. A bottom-up financial model can be a great way to demonstrate to potential investors that you’re serious about your business and have the necessary discipline to make sound financial decisions. If you’re ready to take… Continue reading Build a bottom-up financial model to show potential investors you’re serious
Samsung’s having a terrible financial year
Samsung, the South Korean electronics giant, has had a difficult financial year. The company, which is one of the world’s largest producers of consumer electronics, is facing financial pressure due in large part to stalling sales of its smartphones, televisions, and other products. The decline in sales and revenue is having a significant impact on… Continue reading Samsung’s having a terrible financial year
company Canoo
Canoo, a California-based electric vehicle company, has agreed to a $1.5 million settlement with the U.S. Securities and Exchange Commission (SEC). Canoo allegedly raised $40 million from an initial public offering in 2019 without disclosing vital information related to their finances. This is why the SEC required Canoo to pay the $1.5 million settlement: the… Continue reading company Canoo
Avalanche wants to digitize all of the world’s assets on the blockchain
In what could potentially be a revolutionary development, the Swiss energy and financial services firm Avalanche has announced plans to digitize all of the world’s assets on the blockchain. The company has stated that it envisions a future where all financial, legal, and contractual obligations are “digitally ruled and recorded” using blockchain technology. What this… Continue reading Avalanche wants to digitize all of the world’s assets on the blockchain
Daily Crunch: With just $2.2B in remaining liquidity, SVB’s parent company files for bankruptcy
Silicon Valley Bank’s parent company, SVB Financial Group, announced yesterday that it has filed for Chapter 11 bankruptcy with just $2.2 billion in remaining liquidity. This news comes as a huge shock to the financial world, as SVB Financial Group had been seen as a major player in the industry and a reliable source of… Continue reading Daily Crunch: With just $2.2B in remaining liquidity, SVB’s parent company files for bankruptcy
SVB Financial is also looking for a buyer for SVB Securities and its SVB Capital VC division
SVB Financial Group, one of the world’s leading financial services companies, is looking to divest its venture capital investment arm, SVB Securities, and its VC subsidiary, SVB Capital. After years of supporting entrepreneurs and fueling innovation in Silicon Valley, SVB wants to focus its energy on its core banking operations. SVB Securities and SVB Capital… Continue reading SVB Financial is also looking for a buyer for SVB Securities and its SVB Capital VC division