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HOME - W7 NEWS
On May 7, 2021, AIG tops the first-quarter revenue target. Good results in its insurance policies and life and retirement divisionsoffset the impact
ABOUT W7 NEWS
Our Website. W7 News offers authoritative insight and opinion on financial news, including topics related to fintech, lending, credit, insurance and wealth creation.. We publish up-to-date financial news all day, every day and maintain a searchable online archive. You can also find our work wherever you spend time on the internet — Facebook, Twitter, email, and more. USDA TO OFFER DEBT FORGIVENESS TO MINORITY FARMERS In a historic move, the United States Department of Agriculture (USDA) will start paying off agricultural loans given to minority farmers. BILLIONAIRES WITNESS 20% WEALTH CLIMB THIS PANDEMIC According to the Institute for Policy Studies and Americans for Tax Fairness, the collective billionaires’ wealth in the United States surged to $584 billion since the start of the pandemic. THRIVE UNVEILS X1 CREDIT CARD BASED ON INCOME Christine Parungao. -. October 2, 2020. Thrive officially launched its newest financial offering, the income-based credit offering called X1 Card in the middle of September 2020. According to Tech Crunch, former Paypal and Affirm founder Max Levchin and former Twitter COO Adam Bain are behind the Visa-powered product. VISE WEALTH TECH SECURES $14.5M FROM SEQUOIA CAPITAL Vise Wealth Tech Secures $14.5M from Sequoia Capital. Wealth and portfolio management platform Vise announced Tuesday, May 12, 2020, its successful Series A funding round led by Sequoia Capital. The investment round was reportedly led by Sequoia partner, Shaun Maguire,notes Tech Crunch.
RAZER FINTECH LAUNCHES VIRTUAL CREDIT CARD FOR SG October 8, 2020. The financial technology company, Razer, announced the launch of its Razer Card for millennials in Singapore on Tuesday, October 6, 2020. The fintech arm of the company collaborated with Visa to bring the new prepaid solution closer to the people via a virtual credit offering. A prepaid Visa product, the Razer Card is designed MITSUI SUMITOMO INSURANCE INVESTS 500 BILLION YEN ON US M By. Louise Garay. -. April 9, 2021. Mitsui Sumitomo Insurance expects to invest up to 500 billion yen in acquisitions between now and 2023. It is building an M&A fund centered on North America. Due to a challenging earnings situation in Japan, the Japanese insurance firm aims to expand its business. It is interested in the North Americanmarket
NID CREDIT CARD RECEIVES QUESTIONS FROM THE GRAND JURY The Nevada County Grand Jury issued its opinion on an evaluation into charges imposed on credit card and other transaction fees to the Nevada Irrigation District and the distribution of any additional revenues received by NID on May 5, 2021. HEDGE FUND BILLIONAIRE BUYS PALM BEACH MANSION FOR $111M Christine Parungao. -. December 14, 2019. Billionaire Steven Schonfeld sets a new record of buying the priciest estate in Florida, a 6-acre Palm Beach mansion worth $111 million. The founder of the Schonfeld Strategic Advisors bought the mansion for wife and three kids as their vacation property but is not planning to move from New YorkHOME - W7 NEWS
On May 7, 2021, AIG tops the first-quarter revenue target. Good results in its insurance policies and life and retirement divisionsoffset the impact
ABOUT W7 NEWS
Our Website. W7 News offers authoritative insight and opinion on financial news, including topics related to fintech, lending, credit, insurance and wealth creation.. We publish up-to-date financial news all day, every day and maintain a searchable online archive. You can also find our work wherever you spend time on the internet — Facebook, Twitter, email, and more. USDA TO OFFER DEBT FORGIVENESS TO MINORITY FARMERS In a historic move, the United States Department of Agriculture (USDA) will start paying off agricultural loans given to minority farmers. BILLIONAIRES WITNESS 20% WEALTH CLIMB THIS PANDEMIC According to the Institute for Policy Studies and Americans for Tax Fairness, the collective billionaires’ wealth in the United States surged to $584 billion since the start of the pandemic. THRIVE UNVEILS X1 CREDIT CARD BASED ON INCOME Thrive officially launched its newest financial offering, the income-based credit offering called X1 Card in the middle of September 2020. According to Tech Crunch, former Paypal and Affirm founder Max Levchin and former Twitter COO Adam Bain are behind the Visa-poweredproduct.
VISE WEALTH TECH SECURES $14.5M FROM SEQUOIA CAPITAL Vise Wealth Tech Secures $14.5M from Sequoia Capital. Wealth and portfolio management platform Vise announced Tuesday, May 12, 2020, its successful Series A funding round led by Sequoia Capital. The investment round was reportedly led by Sequoia partner, Shaun Maguire,notes Tech Crunch.
ALIBABA INVESTS $400M TO GROW VIETNAM’S RETAIL ARM MASAN Alibaba Group and Baring Private Equity Asia announced that it will be heading the funding round for the retail unit of Masan Group Corp. NID CREDIT CARD RECEIVES QUESTIONS FROM THE GRAND JURY The Nevada County Grand Jury issued its opinion on an evaluation into charges imposed on credit card and other transaction fees to the Nevada Irrigation District and the distribution of any additional revenues received by NID on May 5, 2021. TRACTOR SUPPLY, CITI RENEW PARTNERSHIP FOR A MULTI-YEAR Tractor Supply Company and Citi Retail Services inked a deal last Monday, May 24, 2021, that they will be embarking on a continued partnership with each other for many years to come. U.S. WEALTH INEQUALITY SIMILAR TO PRE-GREAT DEPRESSION Mari Sze. -. March 5, 2019. The wealth gap level in the U.S. is close to that of the Roaring Twenties, the decade preceding the Great Depression, according to some economists who studied a statistic. According to a paper published by Gabriel Zucman, an economics professor at the University of California, Berkeley, the wealthiest0.1% share of
INVESTMENT - W7 NEWS In a press release dated Monday, April 26, 2021, Apple announced that it is planning to invest a whopping $430 billion in the United States over the course of the next five years. ATMOSPHERE GAINS $25 MILLION INVESTMENT FROM VALOR EQUITY Anthony Chua. -. April 26, 2021. Valor Equity Partners has invested $25 million in Atmosphere, the world’s leading provider of business streaming TV. Atmosphere is valued at $275 million in the Series B round. Previously, the company received $14 million in its Series A round. As businesses turn to platforms that offer greater interaction CONSUMERS PANIC BUYS INSURANCE POLICIES AMID In the face of the global virus outbreak, more consumers consider buying insurance policies to protect them from financial losses, brought about by the novel coronavirus (NCOV-19). DIGITAL BANK N26 GEARS UP TO OFFER INSURANCE PRODUCTS April 27, 2021. German digital bank and financial technology startup N26 is finally venturing into the insurance sector with the launch of its new N26 Insurance. According to Pymnts, the company will reportedly team up with Berlin-based Simplesurance to brings its products to its customers. In a statement, chief executive officer andco-founder
CANNABIS FIRM GTEC HOLDINGS PAYS OFF $6M DEBT April 16, 2021. Marijuana products producer GTEC Holdings, Ltd. repaid its six-million-dollar debt to NFS Leasing Canada Ltd., according to a press release published by Yahoo! Finance. The debts were in the form of Senior Secured Promissory Notes. The promissory notes, which were fully paid off on April 9, 2021, were valued at approximately $6 JAPAN’S 50 RICHEST COLLECTIVE WEALTH RISES ALMOST 50% IN Japan's 50 richest people have increased their Collective Wealth by almost 50% in this year 2021 even amid the COVID-19 pandemic. STARTUP NUMIDA GETS $2.3M IN SEED ROUND Mari Sze. -. April 19, 2021. Financial technology firm Numida recently closed a $2.3 million infusion through a recent seed round led by MFS Africa, reported Tech Crunch. The new capital will be used to expand into other markets. Other participants in the seed round include DRK Foundation, Equilibria Capital, Segal Family Foundation, and angel HEDGE FUND BILLIONAIRE BUYS PALM BEACH MANSION FOR $111M Christine Parungao. -. December 14, 2019. Billionaire Steven Schonfeld sets a new record of buying the priciest estate in Florida, a 6-acre Palm Beach mansion worth $111 million. The founder of the Schonfeld Strategic Advisors bought the mansion for wife and three kids as their vacation property but is not planning to move from New York DC COMICS AND VISA RELEASE SUPERHERO REWARDS The official DC Comics accounts (@DCComics) recently tweeted a photo of the superhero rewards credit cards. The cards are the result of a partnership between comic book giant DC Comics and multinational financial services corporation Visa. CNet said that the superhero-themed rewards credit card is focused on providing rewardsand perks for
U.S. WEALTH INEQUALITY SIMILAR TO PRE-GREAT DEPRESSION Mari Sze. -. March 5, 2019. The wealth gap level in the U.S. is close to that of the Roaring Twenties, the decade preceding the Great Depression, according to some economists who studied a statistic. According to a paper published by Gabriel Zucman, an economics professor at the University of California, Berkeley, the wealthiest0.1% share of
HOME - W7 NEWS
On May 7, 2021, AIG tops the first-quarter revenue target. Good results in its insurance policies and life and retirement divisionsoffset the impact
ABOUT W7 NEWS
Our Website. W7 News offers authoritative insight and opinion on financial news, including topics related to fintech, lending, credit, insurance and wealth creation.. We publish up-to-date financial news all day, every day and maintain a searchable online archive. You can also find our work wherever you spend time on the internet — Facebook, Twitter, email, and more. USDA TO OFFER DEBT FORGIVENESS TO MINORITY FARMERS In a historic move, the United States Department of Agriculture (USDA) will start paying off agricultural loans given to minority farmers. BILLIONAIRES WITNESS 20% WEALTH CLIMB THIS PANDEMIC According to the Institute for Policy Studies and Americans for Tax Fairness, the collective billionaires’ wealth in the United States surged to $584 billion since the start of the pandemic. THRIVE UNVEILS X1 CREDIT CARD BASED ON INCOME Christine Parungao. -. October 2, 2020. Thrive officially launched its newest financial offering, the income-based credit offering called X1 Card in the middle of September 2020. According to Tech Crunch, former Paypal and Affirm founder Max Levchin and former Twitter COO Adam Bain are behind the Visa-powered product. VISE WEALTH TECH SECURES $14.5M FROM SEQUOIA CAPITAL Vise Wealth Tech Secures $14.5M from Sequoia Capital. Wealth and portfolio management platform Vise announced Tuesday, May 12, 2020, its successful Series A funding round led by Sequoia Capital. The investment round was reportedly led by Sequoia partner, Shaun Maguire,notes Tech Crunch.
RAZER FINTECH LAUNCHES VIRTUAL CREDIT CARD FOR SG October 8, 2020. The financial technology company, Razer, announced the launch of its Razer Card for millennials in Singapore on Tuesday, October 6, 2020. The fintech arm of the company collaborated with Visa to bring the new prepaid solution closer to the people via a virtual credit offering. A prepaid Visa product, the Razer Card is designed CONSUMERS PANIC BUYS INSURANCE POLICIES AMID In the face of the global virus outbreak, more consumers consider buying insurance policies to protect them from financial losses, brought about by the novel coronavirus (NCOV-19). NID CREDIT CARD RECEIVES QUESTIONS FROM THE GRAND JURY The Nevada County Grand Jury issued its opinion on an evaluation into charges imposed on credit card and other transaction fees to the Nevada Irrigation District and the distribution of any additional revenues received by NID on May 5, 2021. HEDGE FUND BILLIONAIRE BUYS PALM BEACH MANSION FOR $111M Christine Parungao. -. December 14, 2019. Billionaire Steven Schonfeld sets a new record of buying the priciest estate in Florida, a 6-acre Palm Beach mansion worth $111 million. The founder of the Schonfeld Strategic Advisors bought the mansion for wife and three kids as their vacation property but is not planning to move from New YorkHOME - W7 NEWS
On May 7, 2021, AIG tops the first-quarter revenue target. Good results in its insurance policies and life and retirement divisionsoffset the impact
ABOUT W7 NEWS
Our Website. W7 News offers authoritative insight and opinion on financial news, including topics related to fintech, lending, credit, insurance and wealth creation.. We publish up-to-date financial news all day, every day and maintain a searchable online archive. You can also find our work wherever you spend time on the internet — Facebook, Twitter, email, and more. USDA TO OFFER DEBT FORGIVENESS TO MINORITY FARMERS In a historic move, the United States Department of Agriculture (USDA) will start paying off agricultural loans given to minority farmers. BILLIONAIRES WITNESS 20% WEALTH CLIMB THIS PANDEMIC According to the Institute for Policy Studies and Americans for Tax Fairness, the collective billionaires’ wealth in the United States surged to $584 billion since the start of the pandemic. THRIVE UNVEILS X1 CREDIT CARD BASED ON INCOME Christine Parungao. -. October 2, 2020. Thrive officially launched its newest financial offering, the income-based credit offering called X1 Card in the middle of September 2020. According to Tech Crunch, former Paypal and Affirm founder Max Levchin and former Twitter COO Adam Bain are behind the Visa-powered product. VISE WEALTH TECH SECURES $14.5M FROM SEQUOIA CAPITAL Vise Wealth Tech Secures $14.5M from Sequoia Capital. Wealth and portfolio management platform Vise announced Tuesday, May 12, 2020, its successful Series A funding round led by Sequoia Capital. The investment round was reportedly led by Sequoia partner, Shaun Maguire,notes Tech Crunch.
RAZER FINTECH LAUNCHES VIRTUAL CREDIT CARD FOR SG October 8, 2020. The financial technology company, Razer, announced the launch of its Razer Card for millennials in Singapore on Tuesday, October 6, 2020. The fintech arm of the company collaborated with Visa to bring the new prepaid solution closer to the people via a virtual credit offering. A prepaid Visa product, the Razer Card is designed CONSUMERS PANIC BUYS INSURANCE POLICIES AMID In the face of the global virus outbreak, more consumers consider buying insurance policies to protect them from financial losses, brought about by the novel coronavirus (NCOV-19). NID CREDIT CARD RECEIVES QUESTIONS FROM THE GRAND JURY The Nevada County Grand Jury issued its opinion on an evaluation into charges imposed on credit card and other transaction fees to the Nevada Irrigation District and the distribution of any additional revenues received by NID on May 5, 2021. HEDGE FUND BILLIONAIRE BUYS PALM BEACH MANSION FOR $111M Christine Parungao. -. December 14, 2019. Billionaire Steven Schonfeld sets a new record of buying the priciest estate in Florida, a 6-acre Palm Beach mansion worth $111 million. The founder of the Schonfeld Strategic Advisors bought the mansion for wife and three kids as their vacation property but is not planning to move from New York INVESTMENT - W7 NEWS In a press release dated Monday, April 26, 2021, Apple announced that it is planning to invest a whopping $430 billion in the United States over the course of the next five years. DIGITAL BANK N26 GEARS UP TO OFFER INSURANCE PRODUCTS April 27, 2021. German digital bank and financial technology startup N26 is finally venturing into the insurance sector with the launch of its new N26 Insurance. According to Pymnts, the company will reportedly team up with Berlin-based Simplesurance to brings its products to its customers. In a statement, chief executive officer andco-founder
CONSUMERS PANIC BUYS INSURANCE POLICIES AMID In the face of the global virus outbreak, more consumers consider buying insurance policies to protect them from financial losses, brought about by the novel coronavirus (NCOV-19). CANNABIS FIRM GTEC HOLDINGS PAYS OFF $6M DEBT April 16, 2021. Marijuana products producer GTEC Holdings, Ltd. repaid its six-million-dollar debt to NFS Leasing Canada Ltd., according to a press release published by Yahoo! Finance. The debts were in the form of Senior Secured Promissory Notes. The promissory notes, which were fully paid off on April 9, 2021, were valued at approximately $6 JAPAN’S 50 RICHEST COLLECTIVE WEALTH RISES ALMOST 50% IN Japan's 50 richest people have increased their Collective Wealth by almost 50% in this year 2021 even amid the COVID-19 pandemic. STARTUP NUMIDA GETS $2.3M IN SEED ROUND Mari Sze. -. April 19, 2021. Financial technology firm Numida recently closed a $2.3 million infusion through a recent seed round led by MFS Africa, reported Tech Crunch. The new capital will be used to expand into other markets. Other participants in the seed round include DRK Foundation, Equilibria Capital, Segal Family Foundation, and angel ATMOSPHERE GAINS $25 MILLION INVESTMENT FROM VALOR EQUITY Valor Equity Partners has invested $25 million in Atmosphere, the world’s leading provider of business streaming TV. Atmosphere is valued at $275 million in the Series B round. HEDGE FUND BILLIONAIRE BUYS PALM BEACH MANSION FOR $111M Billionaire Steven Schonfeld sets a new record of buying the priciest estate in Florida, a 6-acre Palm Beach mansion worth $111 million. The founder of the Schonfeld Strategic Advisors bought the mansion for wife and three kids as their vacation property but is not planning to move from New York, according to a spokesperson. ETHIOPIA TO OPEN BANKS FOR ETHIOPIAN INVESTORS IN THE Mari Sze. -. August 12, 2019. The government of Ethiopia recently passed a law that will enable Ethiopian in other parts of the world to invest in the country’s financial services industry. Quartz Africa reports that this move will open up the country’s industry which has been dominated by state-owned institutions. U.S. WEALTH INEQUALITY SIMILAR TO PRE-GREAT DEPRESSION Mari Sze. -. March 5, 2019. The wealth gap level in the U.S. is close to that of the Roaring Twenties, the decade preceding the Great Depression, according to some economists who studied a statistic. According to a paper published by Gabriel Zucman, an economics professor at the University of California, Berkeley, the wealthiest0.1% share of
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__ 3SBio Invests in Oncology Tech Fund for Cancer Research* Investment
3SBIO INVESTS IN ONCOLOGY TECH FUND FOR CANCER RESEARCH By Christine Parungao- March 2, 2020
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Biopharmaceutical firm 3SBio funnels capital toward the fundraising endeavors launched by MPM Capital and Dana-Farber Cancer Institute said PR Newswire. The MPM Oncology Innovations Fund (INV) closed with $100 million, while the Dana-Farber Innovations Research Fund (IRF) was able to raise $26 million inpledges.
The China-based company serves as a limited partner in the innovations fund. With these financial moves, 3SBio seeks to assist in the cancer institute’s early-stage oncology research. The two organizations’ funds have been working together for various medical endeavorsinvolving cancer.
For MPM’s INV, the fund injection will be used to invest in new firms that will sprout from Dana-Farber’s studies. Around 50% of the money will go to this endeavor. INV was created as a venue to establish and financially support early-stage companies. The firms they support are also intent on developing innovative technologies incancer treatment.
MPM Capital co-founder and managing director Ansbert Gadicke said that _“innovative new funding structures,”_ such as MPM and Dana-Farber’s, have the potential to _“expand and accelerate important research efforts.”_ These partnerships can also boost research efforts, while also implementing these developments for creating new therapeutics. These ventures are seen as _“the most-promising”_ when it comes to academic discoveries and innovations.ADVERTISEMENT
Dana-Farber’s President and CEO Laurie H. Glimcher, MD, expressed the research institute’s delight in working with MPM. According to her, such a philanthropic model can pave the way toward more significant support for cancer research-focused firms. Moreover, Glimcher noted MPM’s efforts to create and support biotech firms that could help the institute’s patients. 3SBio chairman and CEO Jing Lou said that the biopharmaceutical firm is looking forward to the results of MPM and Dana-Farber’s collaboration. It is expecting to see oncology treatments that would cater to the needs of patients.ADVERTISEMENT
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Previous articleUniversal Credit Contributes to a Soar in Psychological Distress, Study Reveals Next articleNew Zealand Bank to Pay $29.4M After Lending BreachChristine Parungao
Cristine Parungao is a full-time digital writer based in Manila. She worked as a web copywriter and SEO writer at an advertising firm in Makati, servicing both local and international clients. Moreover, she also did freelance work managing social media accounts of various clients, creating web contents, PR materials, news and proofreading contents for different websites. RELATED ARTICLESMORE FROM AUTHORInvestment
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