Search Results for: balance sheets

Kruze Consulting Shared New Data on How Startups Have Changed Banking Strategy
Banking News

New Data from Kruze Consulting Reveals Significant Changes in Startup Banking Market One Year Since SVB Collapse

PR Newswire
by PR Newswire0
Before the crisis, close to 60% of startups had an account with SVB and SVB held 50% of all startup cash. Now, less than 20% of startups’ cash is collectively with SVB, and no single bank holds half of the startup ecosystem’s cash. Kruze Consulting, the startup accounting and CFO......
KBRA Releases Research – Private Credit: 12% Is Here–First Look at Interest Coverage and Liquidity for Middle Market Borrowers by Sector
Finance Fintech News

KBRA Released New Study for Middle Market Borrowers

Fintech News Desk
by Fintech News Desk0
In this report, KBRA provides a baseline of where interest coverage and liquidity stood at the time of the company’s most recent credit assessment, then proportionately drags forward interest costs to 12% if the most recent financials available at the time of our assessment were for a period prior to......
KBRA Releases 12 Things in Credit: January 2024
Finance Fintech News

KBRA Releases 12 Things in Credit: January 2024

Business Wire
by Business Wire0
Among the wide-ranging topics Van has addressed over the past month are what rising credit card delinquencies signal, the anatomy of a soft landing, and the significance of nonbanks’ growing share of lending. 12 Things in Credit Hello, market participants! We started our weekly podcast, Van Hesser’s 3 Things in......
KKR acquires $7.2 Billion Portfolio of Prime Recreational Vehicle Loans
Finance Fintech News

KKR Acquires $7.2 Billion Portfolio of Prime Recreational Vehicle Loans

Business Wire
by Business Wire0
The KKR investment directly highlights the strength and scale of our Asset-Based Finance business, which has experienced unprecedented growth alongside the rapid expansion of this market.  KKR, a leading global investment firm, announced today that funds and accounts managed by its credit business have led the purchase of a $7.2......
Impact Disclosure Taskforce Created to Scale Financing of the United Nations Sustainable Development Goals
Finance Fintech News

Impact Disclosure Task Force Created to Scale UN SDG

Business Wire
by Business Wire0
The Impact Disclosure Taskforce (the “Taskforce”) was established to promote transparency and accountability among corporates and sovereigns regarding their intentions and progress towards advancing the United Nations Sustainable Development Goals (SDGs) The guidance supports entities committed to addressing development needs and reducing global inequality to access growing pools of sustainable......
Credit Union Industry Leader, TruStage, Spearheads Strategic Transaction to Propel Fintech Happy Money Forward
Fintech News

Credit Union Industry Leader, TruStage, Spearheads Strategic Transaction to Propel Fintech Happy Money Forward

PR Newswire
by PR Newswire0
Backing from TruStage Ventures and other investors will advance Happy Money’s mission of happier lending and accelerate the company’s growth in its next chapter. Happy Money, a leading platform for unsecured lending in partnership with credit unions, announced that TruStage Ventures and other major institutional investors are entering into a strategic......
Uber Announces Results for Third Quarter 2023
Finance Fintech News

Uber Announces Results for Third Quarter 2023

Business Wire
by Business Wire0
Trips and monthly active platform consumers growth accelerated to 25% and 15% year-over-year, respectively Gross Bookings grew 21% year-over-year and 20% year-over-year on a constant currency basis Net income of $221 million; Income from operations of $394 million; Adjusted EBITDA margin at all-time high Operating cash flow of $966 million;......
Pagaya and Värde Continue Partnership to Provide Capital Support to Credit Unions
Artificial Intelligence Investment Services News

Pagaya and Värde Continue Partnership to Provide Capital Support to Credit Unions

Business Wire
by Business Wire0
Värde Partners and Pagaya Close $108mm Transaction for Multi-Billion Dollar Credit Union Pagaya Technologies LTD, a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, and Värde Partners, a leading global alternative investment firm specializing in credit and credit-related assets, announced the closing of PAID 2023-S2, continuing a......
Pagaya Announces Partnership with Westlake Financial, Showcasing Strength of Pagaya’s Fast-Growing Auto Product
Artificial Intelligence Fintech News

Pagaya Announces Partnership with Westlake Financial, Showcasing Strength of Pagaya’s Fast-Growing Auto Product

Business Wire
by Business Wire0
Leading dealer groups and thousands of Westlake’s franchise dealers to gain access to Pagaya’s tech-enabled credit-decisioning product Pagaya Technologies, a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, has announced a partnership with Westlake Financial, an automotive fintech company with almost $24 billion in assets under management,......
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