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Chile-based Kredito raises $4M to help businesses get loans – TechCrunch

Chile-based Kredito raises $4M to help businesses get loans
In the last few months, we’ve seen an explosion in funding for consumer banking startups in Latin America, all eager to reinvent traditional banking in the region. However, the business banking space seems like it’s also undergoing some changes.
Today, Chile-based Kredito announced a $4 million pre-seed round. The company focuses on generating loans for small to medium-sized businesses (SMBs).
“What we see is that in our sector people have a bank account but don’t have access to credit,” said Sebastian Robles, co-founder and CEO of Kredito.
Robles explained that in Chile, when you open a business bank account, you don’t get a credit or debit card attached to it, so entrepreneurs usually have to use their personal cards. ....

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Gina Champion-Cain Sentenced for Ponzi Scheme – NBC Bay Area

NBCUniversal Media, LLC
Prominent San Diego businesswoman Gina Champion-Cain, who pleaded guilty in June 2020 to securities fraud, conspiracy and obstruction of justice for defrauding investors out of $400 million through a liquor-license loan funding program, learned her fate on Wednesday.
U.S. District Judge Larry Alan Burns sentenced Champion-Cain to 15 years in prison the maximum sentence at the federal building on Front Street in downtown San Diego.
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During the hearing, several victims spoke to the judge, said Assistant United States Attorney Andrew Galvin outside court on Wednesday. Nearly 500 victims poured over $350 million into Champion-Cain s sham investment scheme. Ms. Champion-Cain did not use the money to finance liquor-license transactions, as she told investors. Rather, she used tens of millions of dollars to line her own pockets and to support he ....

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Family sells Saska's restaurant after 64 years

New owner Gina Champion-Cain vows to keep name, menu and staff at venerable Mission Beach steakhouse ....

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Gina Champion-Cain Sentenced for Ponzi Scheme – NBC 7 San Diego

Gina Champion-Cain Sentenced for Ponzi Scheme – NBC 7 San Diego
nbcsandiego.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcsandiego.com Daily Mail and Mail on Sunday newspapers.

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