Monday, July 29, 2019

NBFC liquidity crunch is putting the squeeze on fintech

Banks are traditionally cheaper sources of capital, but their credit checks tend to be more rigorous. So, most new-age lenders source funds from larger traditional NBFCs. https://ift.tt/2YcZvtj https://ift.tt/eA8V8J

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Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shein to cut pre-IPO valuation from $66B to ~$30B (Financial Times)

Financial Times : Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shei...