Fintech startup Cred will invest $10 million in peer-to-peer (P2P) non-banking financial company LiquiLoans, the two companies announced on Friday.
LiquiLoans is a lending platform that connects borrowers and lenders through technology. It eliminates the margins charged by traditional banks and NBFCs in the process. Cred will take a 5-6% stake in the company, valuing it at around $200 million. Cred users could ‘invest’ their savings in a capital pool, which would then be used to lend to customers looking for personal loans on the platform. As part of the agreement, LiquiLoans, which claims to have been profitable since its inception, will explore a strategic relationship to strengthen its technology capabilities.
Would-be entrepreneurs have an extra helping hand from Luxembourg’s Chamber of Commerce, which has published a new practical guide. ‘Developing your business: actions to take and mistakes to avoid’, was written to respond to the needs and answer the common questions of entrepreneurs. “Testimonials, practical tools, expert insights and presentations from key players in our ecosystem have been brought together to create a comprehensive toolkit that you can consult at any stage of your journey,” the introduction… Source link
B&H Photo is one of our favorite places to shop for camera gear. If you’re ever in New York, head to the store to check out the giant overhead conveyor belt system that brings your purchase from the upper floors to the registers downstairs (yes, seriously, here’s a video). Fortunately B&H Photo’s website is here for the rest of us with some good deals on photo gear we love. Save on the Latest Gear at B&H Photo B&H Photo has plenty of great deals, including Nikon’s brand-new Z6III full-frame… Source link
Long before Edgar Wright’s The Running Man hits theaters this week, the director of Shaun of the Dead and Hot Fuzz had been thinking about making it. He read the original 1982 novel by Stephen King (under his pseudonym Richard Bachman) as a boy and excitedly went to theaters in 1987 to see the film version, starring Arnold Schwarzenegger. Wright enjoyed the adaptation but was a little let down by just how different it was from the novel. Years later, after he’d become a successful… Source link
