Lendbuzz Raises $345 Million to Expand its AI-Powered Auto Finance Platform

Company grew revenue over 80 percent in 2023, using AI and machine learning algorithms to provide auto financing for consumers October 04, 2023 09:00 AM Eastern Daylight Time BOSTON – Lendbuzz, a financial technology company, that uses alternative data, machine learning, and deep neural networks to provide auto loans for a wide spectrum of borrowers announces today that they raised $345 million in a combination … Continue reading Lendbuzz Raises $345 Million to Expand its AI-Powered Auto Finance Platform

Impact Newswire04/10/202326/06/2024

Global

US Financial Market Faces Pressure After Unexpected Rise in Job Openings

The US financial market, already reeling from a challenging September, faces another test as the Labour Department revealed an unexpected spike in job openings for August. Contrary to widespread beliefs that the employment scenario was easing and thus exerting less upward strain on wages, this recent data suggests otherwise. The ensuing anxiety among traders is heightened by concerns that the central bank might be compelled … Continue reading US Financial Market Faces Pressure After Unexpected Rise in Job Openings

Impact Newswire04/10/202308/01/2025

Africa, Global

Finance, Insurance Companies Merge for New African Venture

Sanlam, Africa’s largest non-banking financial services provider, is teaming up with global insurance giant Allianz to create a joint venture to offer banking, insurance and loans in 27 African countries. The venture, called SanlamAllianz, is expected to have a combined group equity value (GEV) of approximately R35 billion. The company said their priorities are to offer more financial services to the rapidly growing African continent, … Continue reading Finance, Insurance Companies Merge for New African Venture

Impact Newswire04/10/202330/05/2024

Global

Construction Industry Can Help Create Climate-Resilient Forests

Construction companies can play a vital role in helping forests cope with climate change, by planting and harvesting certain trees that will be more adaptable. In a recent publication in PNAS Nexus, researchers have underscored the critical importance of conducting comprehensive assessments of tree species across entire ecosystems to foster resilient forests in the face of climate change, while simultaneously promoting adaptability in the … Continue reading Construction Industry Can Help Create Climate-Resilient Forests

Impact Newswire04/10/202326/06/2024

Africa, Global, Middle East

Saudi Fund for Development signs two development loan agreements to enhance social infrastructure in Seychelles

Victoria, Seychelles – Tuesday, 03. October 2023 The Saudi Fund for Development (SFD) Chief Executive Officer, H.E. Sultan Al-Marshad, signed two new development loan agreements with the Minister of Finance, National Planning and Trade of the Republic of Seychelles, Hon. Naadir Hassan, through which SFD is contributing $25 million to fund the “Social Housing Project” and the “Reconstruction of La Digue School Project”. Attending the … Continue reading Saudi Fund for Development signs two development loan agreements to enhance social infrastructure in Seychelles

Impact Newswire03/10/202328/05/2024