CityAM, and follows Softbank's $800 million investment in the firm earlier this year, when it was valued at $3.5 billion. This investment is in the form of convertible loan notes that will be switched to primary and secondary shares over time, Greensill has earmarked the latest tranche of capital for the expansion of its fast-growing business:
Greensill will use some of its fresh capital to expand the geographies it operates in and further invest in its technology. It's already become a key player in the niche business of supply chain financing, unlocking more than $150 billion of financing to over 8 million suppliers and clients in 2019 alone. This success has partially been driven by its vast reach: It provides solutions in 165 countries.
It'll also use part of the capital to expand into tangential business lines via acquisitions. As part of the funding news, Greensill announced that it reached an agreement to acquire UK-based FreeUp, which allows employees to access earned wages that they've yet to receive.
Expanding into the consumer segment can help Greensill double down on its early success — but also turn up the heat on the payday segment. The payday space has been in the UK recently: QuickQuid, the country's largest payday lender, collapsed into administration on Friday. A number of others also shuttered following a regulatory crackdown that restricted how much they could charge customers. Greensill's tie-up with FreeUp is likely another nail in the coffin for the struggling industry. For Greensill, though, there's a substantial opportunity for it to tap into the large market these players are leaving behind.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้
Saudi Arabia reportedly considers investing in SoftBank Vision Fund 2 - Business InsiderThe Saudi Arabian Public Investment Fund (PIF) invested $45 billion in SoftBank's first Vision Fund in 2016. Sign us up for some of that WeWork winning. Please fund my startup The ultimate definition of dumb money Anyway at the end of the day, WeFucked
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »
Netflix is testing a variable playback speed feature on mobile - Business InsiderNetflix told Business Insider that it's 'always experimenting with new ways to help members use Netflix' and that it may not become permanent. Great strictly could be over in 5 seconds way to go I watch almost everything on YouTube at 2x. I could see the usefulness of watching some things on Netflix at 2x but, honestly, that would really mess up most movies and shows. MichaelDelales I love this idea. I use it on YouTube all the time. There are tons of videos on Netflix that need to be cut down. This will literally give me back more of my time. DVDs had this feature so shy not Netflix?
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »
WOMEN-OWNED-BUSINESS MONTH: Women entrepreneurs share their top tips and strategies for running their companies, and how to be a successful leaderBusiness Insider profiled female entrepreneurs, interviewed experts, and reviewed research highlighting major opportunities and challenges. How is this not discriminatory? Are they actively keeping out men? Since all are woman, it would seem so. These are just a bunch of hypocrites and should be reported to the law. Good info. If you need more data I did this video: Good info. If you need more data I did this video:
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »
AT&T lost nearly 1.4 million TV customers in Q3 - Business InsiderAT&T promised to make'no major acquisitions' through 2022 and announced a three-year capital allocation plan. 1M fans have been asking em & WB for these.
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »
NCAA to allow college athletes to market themselves, some will make millions - Business InsiderNCAA reverses course, may allow student-athletes to market themselves, and it could be worth millions for some of college sports’ biggest stars
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »