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Cabot Square Capital Sells 321 Crédito

PYMNTS

Cabot Square Capital, a U.K. financial services firm, on Wednesday (July 25) sold its entire stake in 321 Crédito, a Portuguese consumer finance lender, to Banco CTT, the bank run by Portugal’s privatized national postal service. With a specialty in car loans, 321 Crédit has been a Cabot Square Capital company since 2014.

Capital 108
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National Small Business Week Celebrates the American Entrepreneurial Spirit

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Small Business Administration What creates two out of three net new American jobs; produces close to half of our nation’s goods and services (nonfarm private GDP); and can be found, coast to coast, in every small town, big city and rural enclave? Tune in all week for live-streaming , beginning at 7:30 p.m. Every business starts small.

National 150
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How Singapore Is Fueling A ‘Smart Nation’

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Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. As of 2014, the mobile phone penetration rate in Singapore was 148 percent. Startups are estimated to employ nearly 300,000 on the island nation. With an estimated population of just 5.47

National 133
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National Trends Win Big With B2B Investors

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The roundup of this week’s venture capital investments in B2B startups offers some insight into the geographical differences in how this space is developing. did land on the board this week, thanks to one industry that has garnered particular attention in the nation. But the U.S. Find out what that sector is in our roundup below.

National 100
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Changes To Business Lending Underway At India’s PSU Banks

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For decades, public sector undertaking (PSU) banks have largely been responsible for handling the working capital loans that many firms need for daily operations. PSUs calculate a borrower’s working capital requirements by looking at the difference between assets and liabilities. In 2014, that figure had improved to about 53 percent.

Lending 130
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Tel Aviv Fuels Israel’s ‘Startup Nation’ Reputation

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In just six years, Keidar explained, the industry has grown from 90 startups to 430 companies, with 60 of those raising approximately $370 million as of 2014. banking giant Barclays recently launched its Barclays Accelerator in Tel Aviv , marking the ongoing race to capitalize on what some are calling the “hottest FinTech scene.”

National 101
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Banks Push Back On Possible Banking Charters For Big Techs Like Amazon And Facebook

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The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. The agency first proposed a special banking charter for FinTechs in 2014 that would limit pushback from the Federal Deposit Insurance Corp.