equity

Yendo Raises $165 Million for ‘Vehicle-Secured’ Credit Card
Yendo Raises $165 Million for ‘Vehicle-Secured’ Credit Card
May 16, 2024  |  Investments

Yendo, a FinTech offering a credit card tied to users’ car equity, is $165 million richer. The company announced the new funding — $150 in debt financing,...

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Negative Equity Among Car Owners Reaches Pre-COVID Rates
Negative Equity Among Car Owners Reaches Pre-COVID Rates
December 17, 2023  |  Consumer Finance

An increasing number of drivers reportedly owe more on their loans than their cars are worth. It’s a situation known as negative equity, and last...

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A Look at U.S. Initiatives on AI Use and Its Development
A Look at U.S. Initiatives on AI Use and Its Development
November 03, 2023  |  artificial intelligence

President Biden issued an executive order on Monday (Oct. 30) on artificial intelligence (AI) to ensure that America leads in harnessing the potential of AI...

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Japan’s Paidy Closes Additional Series C For $281M Total Raised
Japan’s Paidy Closes Additional Series C For $281M Total Raised
April 09, 2020  |  Investments

Japan’s buy now, pay later (BNPL) startup Paidy announced it has closed a Series C extension funding round led by previous investor ITOCHU Corporation. ITOCHU previously...

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Equinox Seeks Cash Infusion To Build Out Digital Platform
Equinox Seeks Cash Infusion To Build Out Digital Platform
January 10, 2020  |  Investments

Luxury fitness company Equinox seeks additional financial support as it maneuvers to expand its online platform. The SoulCycle majority owner is currently in “advanced conversations”...

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Cash-Strapped WeWork Turns To SoftBank For Funding
Cash-Strapped WeWork Turns To SoftBank For Funding
October 11, 2019  |  Investments

WeWork needs to be financed by the end of November or it will run out of money. Bloomberg is reporting that the co-working company, which...

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Klarna Notches $460M In Equity Funding
Klarna Notches $460M In Equity Funding
August 06, 2019  |  Investments

To further support massive U.S. growth, Klarna has notched $460 million in an equity funding round at a $5.5 billion post-money valuation. This new valuation...

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WeWork Announces $3B Fund To Invest In Its Own Rentals
WeWork Announces $3B Fund To Invest In Its Own Rentals
May 15, 2019  |  Investments

WeWork, which recently renamed itself The We Company, has built a multibillion-dollar valuation with its business model of renting out spaces. The company now wants...

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CannTrust Pot Stock Slides For Sixth Straight Day
CannTrust Pot Stock Slides For Sixth Straight Day
May 03, 2019  |  Investments

The first-ever U.S. bank-led cannabis equity offering isn’t doing well. In fact, shares of CannTrust Holdings fell as much as 14 percent in New York...

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