Leasy, a startup which offers automobile financing to ride-hailing drivers in Latin America via a subscription model, has secured $2 million in equity and $15 million in debt. Italian-born Gregorio Gilardini and Alejandro Garay, who hails from Spain, met in
Tag: Debt
Groundfloor steps up its real estate debt crowdfunding platform with fresh capital
Crowdfunding has become an increasingly popular way for companies to raise capital, and investors are taking notice. Groundfloor, the first real estate crowdfunding platform to gain regulatory approval, announced today that it raised its first round of institutional capital since
SME lender Funding Societies raises $144M led by SoftBank Vision Fund 2, plus $150M in debt lines
Small businesses are the backbone of Southeast Asia’s economy, but many struggle to secure working capital loans because they don’t have traditional credit records or collateral, say the founders of Funding Societies. The fintech, which claims to be the region’s
J.K. Dobbins pays debt to John Harbaugh after Michigan beats Ohio State
Ohio State running back J.K. Dobbins lost a bet to Ravens head coach Jim Harbaugh, brother of Michigan’s head coach Jim Harbaugh, and paid off the debt in classic fashion. Baltimore Ravens running back and Ohio State alum J.K. Dobbins
Debt cancellation and free tuition proposals target student loan crisis in first big push to expand college access since World War II
Most Americans see college as excessively expensive, but it wasn’t always that way. Over the last decade, the cost of attending a four-year public college or university has grown significantly faster than income. Deep cuts in state funding for higher
What the deal on the debt ceiling means for you
Lawmakers agreed to a short-term increase of the U.S. debt ceiling to avoid a first-ever default, but everyday Americans are not entirely out of the woods. A debt limit extension into December took pressure off both parties to reach a
McConnell Warns Biden He Won’t Help Raise the Debt Ceiling Next Time
WASHINGTON — A day after dropping his party’s blockade and allowing action to temporarily increase the federal debt ceiling, Senator Mitch McConnell, the Republican leader, warned President Biden on Friday that he had no intention of doing so again, reviving
Debt Ceiling Fight Gives Democrats Ammunition Against Filibuster
WASHINGTON — Leading Senate Democrats increasingly see the Republican blockade against raising the federal debt limit as clear justification for changing the chamber’s filibuster rule, a long-shot effort that so far has lacked the unanimous support within their ranks it
Biden Calls Curbing Filibuster to Raise Debt Limit ‘a Real Possibility’
WASHINGTON — President Biden said on Tuesday that Democrats are considering a change to Senate filibuster rules to bypass a Republican blockade over raising the debt limit, which has set the United States on a collision course with a government
House Democrats pass debt ceiling increase that won’t get through Senate
House Democrats passed standalone legislation to raise the debt ceiling on Wednesday in a 219-212 vote, which is expected to be blocked by GOP lawmakers in the Senate in coming days. Its largely symbolic passage comes two days after GOP
How the Debt Ceiling Came to Be a Political Cudgel
The Democrats’ latest attempt to draw in the Republicans came Monday, when the Senate took up a bill to continue funding the government — an absolute necessity by Sept. 30 — with a temporary increase in the debt ceiling, along