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Market gives thumbs up to Budget 2022

CFO News Room

But unlike other Budget Days, benchmarks ended the day in the green, as investors cheered a growth-oriented Budget. The government’s record borrowing plans for the next financial year sent benchmark bond yields to two-and-a-half years high. By Yoosef Kp & Ruchit Purohit. After surging as much as 1,018.03

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Kalanick And Benchmark Make Peace For Sake of Uber/SoftBank Deal

PYMNTS

Uber Technologies paved the way to receive a multi-billion-dollar investment led by SoftBank Group, after co-founder and ex-CEO Travis Kalanick reached a deal with Benchmark over board seats. SoftBank is leading an investment that could be for as much as $10 billion, with SoftBank contributing $1 billion or more.

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Japan’s Startup Index Soars To Highest Point Since 2006

PYMNTS

The Tokyo Stock Exchange Mothers Index , which tracks Japan’s startups, has climbed back up this year to finally match an earlier high set in 2006. Bloomberg reported that the startup index has gone up by more than 50 percent this year, despite the coronavirus pandemic. 2 best-performing equity index in the Asia-Pacific region.

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SEC Flags Benchmark That Obscured WeWork’s Bottom Line

PYMNTS

The contribution margin — also used by Lyft and Peloton — ignores fixed and startup costs, and highlights core service revenue. It ignores fixed costs, however, expenses a business would have to pay regardless of generated revenue, Bob Pozen, former vice chairman of Fidelity Investments told Bloomberg.

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Alphabet-Backed Healthcare Startup, One Medical, To IPO

PYMNTS

The San Francisco-headquartered startup runs membership-based healthcare clinics and was launched by internal medicine doctor Tom Lee, who served as the company’s chief executive officer until 2017. Investments in One Medical were led by the Carlyle Group, which owns 26.8 percent of the company’s common stock pre-offering.

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FinTech Startup Digits Notches $10.5M

PYMNTS

FinTech startup Digits has announced the close of a $10.5 million Series A funding round, led by Benchmark. And there is nothing more mind-numbing than the paperwork, and spreadsheets, and financial reports and inscrutable transaction records that are all required to actually operate the business,” the FinTech startup explained.

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Airbnb’s Business Travel Investment Leads B2B Funding For The Week

PYMNTS

The big news in B2B FinTech investment this week came from Airbnb , which is bolstering its presence in the business travel market with new funding, while corporate card startup Brex also secured a prominent debt capital investment. The company said it plans to use the investment to further build out its lending operations.

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