Sunbit Gets $355 Million to Grow BNPL Business
Buy now, pay later (BNPL) firm Sunbit has received a $355 million debt warehouse facility.
The new financing, announced Monday (Nov. 4), was led by J.P. Morgan, Mizuho Bank Ltd. and Waterfall Asset Ma...
AI Spending Surge Drives Palantir, DigitalOcean Gains
Enterprise technology providers from Palantir to Lumen are riding an new wave of artificial intelligence (AI) adoption. Multiple firms report dramatic revenue growth and expanded AI offerings in their...
MoneyLion’s Customer Growth Surges 54% on Ecosystem Upgrades
MoneyLion’s third-quarter results showed double-digit growth in customers and revenues as individuals gravitated to what the FinTech’s management termed the company’s “digital ecosystem” for...
Banks ‘Kicking Can Down the Road’ on Commercial Property Loans
Double commercial property loan defaults are at their highest point in 10 years.
And as the Financial Times (FT) reported Thursday (Nov. 7), this situation has raised worries that a lending practice k...