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Swedish Startup Lendify Closes $115M Funding Deal

PYMNTS

Swedish peer-to-peer (P2P) lending startup Lendify has secured $115 million in funding from Insight Investment, according to a Bloomberg report on Wednesday (Oct. Last year Insight Investment supported the digital lender with a 1.5 Lendify said the latest funding round will help the company advance its European expansion plans.

Startups 103
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Poshmark Files For IPO After Posting Record Profits

PYMNTS

Secondhand eCommerce platform Poshmark filed for an initial public offering (IPO) after posting more than $30 million in profit across two consecutive quarters. “We We only recently became profitable and have experienced net losses. The Silicon Valley startup posted a net loss of $14.5 million last year.

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What Are The 4 Components of Financial Health?

CFO Share

In the dynamic realm of startups and SMBs, understanding the pillars of financial health is paramount. For SMBs and startups, liquidity ensures operations run seamlessly, avoiding disruptions caused by short-term cash constraints. For SMBs and startups, managing long-term liabilities effectively and building assets is vital.

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To NPV or Not to NPV: That Is the Question

Fpanda Club

oracle Aesop formulated his investment insight "a bird in the hand is worth two in the bush" and since that time the model for calculating the value of an asset as the present value of the cash generated by this asset throughout its life has remained unchanged. In about 600 B.C. and help identify most probable outcomes.

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WeWork’s IPO Flop Triggers Tech Startup Scrutiny By Investors

PYMNTS

Following WeWork ’s IPO debacle, investors want tech startups to prove profitability before seeking funds and going public, CNBC reported on Friday (Nov. Potential investors wanted to know how those companies plan to turn a profit. WeWork abandoned its IPO plans after massive losses turned off investors.

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WeWork Remains Bullish Amid $1.9B In Losses

PYMNTS

On-demand workspace startup WeWork has secured significant funding from investors and has aggressive plans for global expansion, but the company’s losses are ballooning, according to reports in The New York Times this week. According to the company’s latest financial disclosure, the firm’s losses have hit $1.9

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WeWork Write-Off Triggers $6.5B Loss For SoftBank 

PYMNTS

billion loss on Wednesday (Nov. The $10-plus billion WeWork bailout — an investment chief executive officer (CEO) Masayoshi Son called an error in judgment — triggered a loss of ¥970 billion ($8.9 For the July-September quarter overall, SoftBank recorded a net loss of ¥704.4 Japan’s SoftBank reported a $6.5