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Car-Sharing Platform Getaround Secures $25M Loan 

PYMNTS

has secured a $25 million venture loan facility from Horizon Technology Finance Corp., a specialty finance company that provides secured loans to venture capital-backed companies. . Horizon's investment will help us further accelerate our growth.". Peer-to-peer car-sharing platform Getaround Inc.

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Drip Capital Aims To Create Trade Finance Network For Cross Border Buyers, Suppliers

PYMNTS

And enter Drip Capital , the middleman that serves as the financial grease that enables trade to flow, easing concerns of both buyers and suppliers. said Pushkar Mukewar , co-founder and CEO of Drip Capital in a conversation with PYMNTS’ Karen Webster. When you think of any cross-border transaction — let’s say an importer in the U.S.

Capital 259
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Japan’s Payments Firm Hey Nets Series E Funding Led By Bain Capital

PYMNTS

Japanese eCommerce and payments platform hey announced a Series E investment led by Bain Capital , a press release says. The round was also supported by PayPal Ventures , Goldman Sachs, YJ Capital, Anatole, and existing investor World Innovation Group, according to the release.

Capital 194
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DailyPay secures USD 260 mln of capital

The Paypers

DailyPay , a US-based fintech, has secured USD 260 million of capital to fuel growth domestically, expand internationally, and invest in product innovation.

Capital 36
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Rubrik to file for US IPO

The Paypers

Microsoft-backed data security software vendor, Rubrik , has announced its intention to list its shares in a US initial public offering (IPO), riding on the wave of companies turning to capital markets after two years of slowing down.

US 36
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Bank capital rules alone won’t stop failures – supervision is vital | Howard Davies

TheGuardian

The US Fed is planning tough reforms, but earlier intervention could have prevented collapses at Silicon Valley Bank and others Bank capital is back in the financial headlines. Overall, US regulators expect the most complex banks to increase their capital by 16%. The announced proposals are tougher than many expected.

Capital 57
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Experts: US House Examines Legislative Actions To Combat Cybercriminals

PYMNTS

Cybercriminals are capitalizing on COVID-19, and they are doing so in tandem with the news cycle,” he said during the virtual hearing. They spoke before the Subcommittee on National Security, International Development, and Monetary Policy Tuesday. Head of Cybersecurity Strategy Tom Kellermann said, testifying before a U.S.

US 227