Federico Baradello founded Finalis, the investment banking-as-a-service platform for dealmakers, after working in a sector he knew was long overdue for an upgrade.
In the face of global warming projections, investment becomes critical. ICE have released bond indices to support net-zero objectives.
PayPal's upbeat earnings call came with the announcement of Schulman's departure and prudent guidance for 2023.
Applied Blockchain has been trialling a system for companies to process their invoices on blockchain and in turn will allow the companies to tap the securitization markets; the current trial is with a UK SME called Emplas that makes windows; "Our platform may now allow for securitization of invoices as the underlying for bond issues," Ben-Ari, Founder of Applied Blockchain, tells Euromoney; "It brings transparency as to the ownership and establishes the provenance of invoices for bond buyers in ways that the existing processes and technology simply did not allow." Source
Increased challenges have buffeted an already unstable SME lanscape - Is B2B BNPL a saving grace or could it ultimately worsen conditions?
During this time of crisis, with tens of millions of people losing their job in the past three months, LendIt...
Pemberton has received investment of 1.2 billion euros for its European mid-market debt fund; the fund will invest in private debt of European companies with a turnover between €75 million and 1 billion euros; investors in the fund include insurance companies, pension funds, family offices and foundations from Europe, Asia and the US; strategy was launched due to high demand from European mid-market companies seeking financing; Keith Jones, chairman of Pemberton, says, "As the private debt market matures, we are very well-placed to play a significant role in this increasingly important asset class." Source
LendingClub saw revenue and earnings at the high end of their guidance range but, due to ongoing uncertainty remain reserved with next steps.
PeerIQ provides insight on Cross River Bank and its $28 million investment from venture capitalists; the deal highlights Cross River Bank’s partnerships with marketplace lenders and provides a leading example for how banks can seek to gain from online lenders while also mitigating true lender risk; Cross River Bank likely to set a precedent for banking investment in MPL loans; success with marketplace lending partnerships has helped it to achieve a return on equity of 26.5% versus 9.8% for FDIC-insured institutions. Source