Fintech startup Bold Finance has raised $1.5 million in its seed funding round led by venture capital firm Kae Capital, per an announcement. The round also saw participation from existing investor Antler India and several angel investors, including Nitin Gupta (Uni Cards), Ishpreet Gandhi (Stride Ventures), Shashikant Dola (McKinsey & Company), Tushar Mehndiratta (Avail Finance),… Continue reading Kae Capital backs Bold Finance and other India deals worth $183mExisting investor Antler India also joined Bold Finance’s funding round.
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Indonesian tech giant GoTo looking to lay off 10% of its workforce
Indonesian tech giant GoTo’s expenses on salaries and employee benefits are significantly higher than other costs, which seem to have driven the company to lay off 10% of its employees, multiple sources told DealStreetAsia. Bloomberg reported it first that GoTo plans to cut over 1,000 jobs. Go to Source
IFC mulls investing in StanChart Pakistan’s unfunded risk facility
Mars W. Mosqueda Jr. 11 November, 2022 World Bank Group member International Finance Corporation (IFC) has proposed to invest in an unfunded risk participation facility of up to $200 million with Standard Chartered (Pakistan) Limited (SCBPL). Risk participation is an agreement where a bank sells its exposure to a contingent obligation to another financial institution.… Continue reading IFC mulls investing in StanChart Pakistan’s unfunded risk facility
Vietnamese financial services firm F88 raises $60m loan from Lending Ark, Lendable
Mekong Capital-backed Vietnamese financial services firm F88 has secured a loan of $60 million from Lending Ark Asia Secured Private Debt Funds and Lendable, according to a statement. Lending Ark, the private debt business of Hong Kong-based alternative investment firm CLSA Capital Partners, has contributed a sum of $50 million towards the loan financing. Prior… Continue reading Vietnamese financial services firm F88 raises $60m loan from Lending Ark, Lendable
PE giant Carlyle files to raise sixth Asia buyout fund
Global private equity firm Carlyle Group Inc has officially filed to raise its sixth Asia fund, which was earlier touted as its biggest buyout vehicle for this region. In November last year, media reports indicated that Carlyle was seeking $8-10 billion for the Carlyle Asia Partners VI fund. In May this year, Bloomberg said the… Continue reading PE giant Carlyle files to raise sixth Asia buyout fund
Clean Tecnica: Tesla to Boost Fremont Production with Help from Shanghai 002367
Recent production upgrades to Tesla’s Gigafactory Shanghai have boosted the company’s weekly output in China, and now the automaker may be looking to draw on this expertise for its U.S. plant in California. After Tesla’s record delivery month in China just a few months ago, the help is expected to boost the Fremont plant’s production… Continue reading Clean Tecnica: Tesla to Boost Fremont Production with Help from Shanghai 002367
Elon Musk Says That Under His Brilliant New Management, Twitter May Go Out of Business
Surely no one could have predicted this. But His Emails In emails to his new employees, freshly-minted Twitter czar Elon Musk painted a pretty doom-tastic portrait of the road ahead for the social network’s remaining employees — and told them that soon, they may all be out of a job. Emails Musk sent to Twitter… Continue reading Elon Musk Says That Under His Brilliant New Management, Twitter May Go Out of Business
Tesla Issues Software Patch So That Its Cars Don’t Lose Power Steering on Potholes
Whoops! Pesky Potholes Tesla has “recalled” more than 40,000 of its vehicles due to a glitch that could cause a loss of power steering, according to a safety-recall report from the National Highway Traffic Administration released last week that was made public on Tuesday. Despite officially being labeled as a recall, though, it’s really just… Continue reading Tesla Issues Software Patch So That Its Cars Don’t Lose Power Steering on Potholes
Russia’s Sway Over Criminal Ransomware Gangs Is Coming Into Focus
Russia-based ransomware gangs are some of the most prolific and aggressive, in part thanks to an apparent safe harbor the Russian government extends to them. The Kremlin doesn’t cooperate with international ransomware investigations and typically declines to prosecute cybercriminals operating in the country so long as they don’t attack domestic targets. A long-standing question, though,… Continue reading Russia’s Sway Over Criminal Ransomware Gangs Is Coming Into Focus
This browser extension tells you who paid for Twitter verification
Twitter verification is now just $8 away, but that doesn’t mean the social network has democratized its long-standing status symbol entirely. The Twitter verification badge is now split between two different groups: accounts that were officially verified for being “notable in government, news, entertainment, or another designated category,” and accounts that paid for the checkmark… Continue reading This browser extension tells you who paid for Twitter verification