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Defacto gets a new credit facility to provide instant financing to small companies

Defacto gets a new credit facility to provide instant financing to small companies

akit
Finance
French startup Defacto has closed a new securitization fund that will be used to provide short-term loans to small and medium enterprises via an embedded, API-first approach. This is a new fund of up to €167 million ($183 million) with Citi and Viola Credit acting as the lenders. This is significant news for the startup as it means that it will have more capital to deploy, which will eventually generate more revenue. As a reminder, Defacto wants to offer credit products using an API in the fintech products that you already use. With this embedded finance strategy, Defacto can leverage…
Quinoa Beet Salad – JennifersKitchen

Quinoa Beet Salad – JennifersKitchen

Finance
Let me be very clear. I do not like beets. I’ve spent over fifty years disliking beets. I’ve tried them boiled (gag-inducing), roasted (almost tolerable, but no), raw (the additional chewing required just prolongs the misery), and picked (where’s the bathroom?). To me, beets taste like garden dirt laced with a little bit of sugar. Interestingly, there is validity to that perception. Beets contain a naturally-occurring compound called geosmin, and geosmin gives beets their dirt-like . . . er. . . earthy flavour. Some people like this earthy flavor. I’m not one of them. Just as interesting – at least…
Hong Kong finance chief says no sharp risk to property prices By Reuters

Hong Kong finance chief says no sharp risk to property prices By Reuters

akit
Finance
HONG KONG (Reuters) -Hong Kong’s finance chief said on Thursday he does not see a sharp risk to the city’s real estate market nor a need to adjust property control measures, as the financial hub braces for more interest rate hikes. Finance Secretary Paul Chan was speaking after the Hong Kong Monetary Authority raised its base rate charged through the overnight discount window by 75 basis points to 3.5%, its highest since October 2008, following the same move by the US Federal Reserve. Chan said that while home prices in Hong Kong have dropped close to over 6% in the…
Posthaste: ‘Financial stress storm’ just starting for working Canadians

Posthaste: ‘Financial stress storm’ just starting for working Canadians

Finance
Breadcrumb Trail Links Executive Summary Executive Financial well-being of workers dives as costs soar, National Payroll Institute survey says Publishing date: Sep 21, 2022 • 1 day ago • 7 minute read • 5 Comments The financial well-being of workers has fallen sharply this year and is expected to get worse in the months ahead. Photo by Laura Pedersen/National Post files Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Article content Good morning! Advertisement 2 This advertisement has not loaded yet, but your article…
Don’t Let These 4 Things Wreck Your Finances in 2023

Don’t Let These 4 Things Wreck Your Finances in 2023

akit
Finance
Image source: Getty Images To keep your finances on track in 2023 — here’s what not to do. Key points Sticking with mediocrity financial products when there are better options available could cost you a significant amount of money. Procrastination keeps many people from starting good financial habits, such as investing regularly. Being wasteful with your money and getting into credit card debt can also wreck your finances. Some financial decisions don’t make a big difference in the grand scheme of things. Went over your grocery budget one weekend because you had family over? It’s pretty easy to get back…
Lawmakers quick to unload FTX founder’s contributions

Lawmakers quick to unload FTX founder’s contributions

Finance
WASHINGTON (AP) — A writer’s workshop in Alaska. Food bank in California. A charity that fights diabetes. Lawmakers who accepted piles of cash from one time wunderkind Samuel Bankman-Fried now can’t move fast enough to offload their contributions from the disgraced crypto mogul to anywhere else but their own campaign coffers. Before his arrest in the Bahamas this week, Bankman-Fried, the former CEO of cryptocurrency exchange FTX, was a prolific political donor to individual candidates — from local campaigns all the way up to President Joe Biden — as well as super PACs that can wield outsized influence in campaigns.…
Apple could have two non-China problems on its hands in 2023: analyst [Video]

Apple could have two non-China problems on its hands in 2023: analyst [Video]

Finance
Apple could have a few other problems on its hands in 2023 besides an uncertain manufacturing situation in China, according to one Apple bull on the Street. “I think there are two main issues laying ahead of Apple for 2023,” Oppenheimer analyst Martin Yang said on Yahoo Finance Live. “Number one is we have seen two years of very strong iPhone upgrades. That may weaken into 2023 because of two factors. One is the majority of the installed base is most likely upgraded. And then continuing macroeconomic pressure will cause certain groups of consumers to delay their upgrade. Secondly, there…
Lawmakers quick to unload FTX founder’s contributions

UK’s Rishi Sunak delays plan to plug Britain’s budget black hole

Finance
PM and finance minister Hunt take ‘prudent’ decision Sunak tells cabinet: “Important to reach right decisions” Markets react, but scale of moves muted compared to September LONDON, Oct 26 (Reuters) – Britain’s new Prime Minister Rishi Sunak on Wednesday delayed the announcement of a keenly awaited plan for repairing the country’s public finances until Nov. 17, two-and-a-half weeks later than previously planned. The postponement, Sunak’s first policy decision since taking over from Liz Truss on Tuesday, briefly raised British borrowing costs in financial markets but there was no repeat of the panic bond selling caused by Truss’s September tax-cutting plan.…