Just 12 unicorns were born in all of 2020, the highest ever for a year in India. 2021 has already seen the birth of 10 startup unicorns in India, including Pharmeasy, Meesho, Cred, Groww, Gupshup and ShareChat last week.
New SME loan enables brokers to set price
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SME lender Capify has launched a new business loan that enables brokers to “select” the rate price for their business client.
The fintech lender has released a solution for brokers that enables them to select the rate that the business loan will carry.
The offering, available to broker channel partners, enables them to compare their business client against a rate table and select the rate.
After identifying the risk category of the business (based on credit score and time in business), Capify said that brokers can then see the rates for the three-12 month loan terms and select an appropriate rate.
Business
April 6, 2021
KARACHI: Pakistan’s public debt increased by Rs1.505 trillion or 4.28 percent in the eight months of this fiscal year amid increase in government borrowing to plug budget deficit gap.
The public debt stood at Rs36.612 trillion at the end of February 2021, compared to Rs33.417 trillion at the end of February last year. The debt stood at Rs35.107 trillion in the period ended June 2020, according to the central bank’s data released on Monday.
It rose big time on the government’s domestic borrowing side, rising 6.43 percent to Rs24.780 trillion, while the government foreign debt increased only 0.06 percent to Rs11.832 trillion at the end of February 2021.
Casper Star-Tribune
In 2020, the Wyoming Community Development Authority got $15 million of federal CARES Act money to help renters and mortgage holders pay off debts caused by the COVID-19 pandemic. By the end of December, just $1.7 million of that had been distributed. The rest went back to the state.
The programâs guidelines were too restrictive, officials said, and word didnât seem to get out fast enough that assistance was even available. After six months, the program had gotten just over 2,000 applications and had denied 40% of those.
Now, a more flexible and wide-reaching program run by the Department of Family Services is aiming to distribute $180 million in its first wave of assistance to renters and landlords. And it couldnât come soon enough â by the time it rolls out, likely around the end of April, Wyoming renters will have gone four months without any statewide assistance available.