Explainer: how lending startups like Afterpay make their money

Explainer: how lending startups like Afterpay make their money

It's called “factoring” of accounts receivables. This is when a company sells its accounts receivables (money owed for a good or service that has already been delivered) to a lender, typically at a discount. Typically, factoring arrangements are between a business and a lender, with the customer being
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Bitproperty Announces Strategic Partnership with Real Estate Developer Nikken Housing and …

One such partner is Nikken Housing, one of Japan's leading real estate development companies. It has developed over 10 million housing units in Japan over the past half century. As part of the agreement, Nikken will make around 30 upcoming projects available to Bitproperty investors, primarily in the
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Cambodia Places Its Bets on China's Casino Empire

A man tries his luck at a wheel of fortune machine at the Global Gaming Expo Asia held in Macau on May 17, 2016. Aaron Tam—AFP/Getty Images. By Reuters. 9:08 PM EST. Between Sihanoukville's beaches and its multiplying casinos, “Lao Qi” and Bun Saroeun run restaurants barely a hundred dusty
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DJ US Real Estate Ishares (IYR): Technicals in Focus

RSI can be used to detect general trends as well as finding divergences and failure swings. The 14-day RSI is presently standing at 38.39, the 7-day is 22.07, and the 3-day is resting at 4.18. DJ US Real Estate Ishares (IYR) currently has a 14-day Commodity Channel Index (CCI) of -213.19.
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Almost half of all housing booms end in tears, says Reserve Bank of New Zealand

It might come as a surprise to some investors but when a housing bubble collapses it doesn't always mean a financial crisis will follow. And likewise not all financial crises are caused by a savage drop in house prices, but a research paper just published by the Reserve Bank of New Zealand shows why
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Moody's affirms JPMorgan Mortgage Acquisition Corp.'s prime jumbo aggregator assessment as …

In addition to acquiring loans through JPMMAC, Chase also originates residential mortgage loans through a sister mortgage origination platform which we refer to as JPMorgan Chase Bank N.A. We assess JPMorgan Chase Bank N.A. as a Strong originator of prime jumbo residential mortgage loans.
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Macklowe claims real estate fortune has shrunk from $548M to $23M

In his bitter divorce from wife Linda, billionaire developer Harry Macklowe insists the value of his vast real-estate empire is a mere $23.6 million — but two years ago he told lenders that the properties were worth 23 times that figure. “The total amount of commercial real estate that you certified to the
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Sydney housing premium could narrow

An increase in listings this spring has also provided buyers with more choice and agents have been reporting less aggressive bidding at auctions and a rise in properties selling prior to auction, while clearance rates have come down. Despite the slowdown Sydney's median dwelling value was still
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It's Only 2 Months, But Angolan Leader a Hit With Bond Investors

That's a better performance than any other country in the Bloomberg Barclays Emerging Markets USD Sovereign Bond Index, which includes debt from more than 70 nations. It's not just down to oil prices rising 7 percent in the period — the bonds of other major producers such as Mexico, Russia and
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California Fires: Where the Los Angeles Skirball Fire Is Burning and Who is Affected

Firefighters are battling yet another wildfire in Southern California, in addition to the three other major fires burning in Los Angeles and Ventura Counties. This fire, known as the Skirball Fire (also being called the Bel Air Fire) is located in Los Angeles and has burned 150 acres along with four to six
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A Murdoch Inside Disney Would Bring Experience – and Baggage

With Walt Disney Co. and 21st Century Fox Inc. discussing a historic combination of their businesses, one question keeps coming up: Could a Murdoch end up running Disney? Disney, the world's largest entertainment company, is in talks to buy Fox assets in a deal that could approach $50 billion or
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Vasyl Lomachenko is banking on his skillful attacks to solve complex Guillermo Rigondeaux

It was one of the final negotiating points, and perhaps the most revealing. Vasyl Lomachenko wanted the historic opportunity to fight fellow two-time Olympic gold medalist Guillermo Rigondeaux in the first title fight matching such decorated amateurs. The fact that it would provide him his third bout this
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Shooting From The Hip: Quant Update on Spring Real Estate Investment Trust (SEHK:1426) Shares

We can also take a look at some stock volatility data on shares of Spring Real Estate Investment Trust (SEHK:1426). The 12 month volatility is currently … Technical analysis focuses on chart patterns with the goal of analyzing market movements and defining trends. Charting has been around for many
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Blackwater Founder Denies Trump Connection to Seychelles Meeting

Erik Prince walks to a House Intelligence Committee meeting on Capitol Hill in Washington, D.C., on Nov. 30, 2017. Photographer: Aaron P. Bernstein/Bloomberg. Blackwater Security founder Erik Prince told U.S. House lawmakers conducting the Russia probe that he discussed U.S. trade policy with
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Yellow Brick Road Adds Prospa to Lending Panel in Boost to Aussie Small Business

Yellow Brick Road has added online lender Prospa to its lending panel. The move was described as an effort to diversify its lending offerings for Australian small business customers. Yellow Brick Road is a full service wealth management company that offers products and services for home loans,
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China's Banks Need More Capital After Credit Boom, IMF Says

“We are talking about capital shortfalls in a stress-testing scenario,” Sahay told Bloomberg Television's Kathleen Hays in an interview. “It's in that scenario, it's not the current situation. They are moving in the right direction, they understand that the risks are large and they are mitigating them.” China's
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Twins get prospects from Mariners, Angels for international bonus money

A power-speed prospect, Pearson signed with the Angels for $1 million, buying him out of his commitment to LSU. He batted .226 with 13 RBI in 40 games for the Angels' Arizona League team for rookies with five stolen bases and 15 walks. He's listed as the Angels' fifth-best prospect by MLB.com.
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Bitcoin Soars Through $14000, Up More Than 40% This Month

Bitcoin climbed as much as 7.9 percent on Thursday as it surged above $14,000, extending this month's advance to more than 40 percent. The price of the cryptocurrency touched $14,399.99, a record, according to Bloomberg pricing. ASX Ltd., the main exchange operator for equities and derivatives in
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House Votes to Kill Resolution to Impeach Trump

Washington (AP) — The House overwhelmingly voted Wednesday to kill a resolution from a liberal Democratic lawmaker to impeach President Donald Trump as most Democrats joined Republicans in opposing the move. Rep. Al Green, D-Texas, said Trump had associated his presidency with causes
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Sale of portfolio in real estate firm's bankruptcy postponed

A hearing scheduled Wednesday that would have wrapped up the sale of a real estate portfolio involving a local company going through Chapter 11 bankruptcy proceedings has been pushed back two weeks. Spectrum Alliance, an affiliate of Trefoil Properties, was set to sell five stabilized properties to
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