Byju’s clears $230 million payment to Blackstone for $1 billion Aakash deal

Byju’s has cleared all its dues to Blackstone by paying $234 million it owed the global investment giant for the , a source familiar with the matter told TechCrunch, addressing one of the criticisms levelled against the Indian edtech giant in recent months. The Bengaluru-headquartered startup, , had pushed back on some payments for the … Read more

Dollar Steals Global Payment Flows From Euro Amid Market Turmoil

(Bloomberg) — The use of the euro as a global payment currency dwindled last month, reaching the smallest share in more than two years, as the common currency comes under pressure amid a strengthening US dollar. Most Read from Bloomberg Payments using the euro dropped to 34.5% of the market in August, a full percentage-point … Read more

Six million people set to receive £150 disability cost-of-living payment from Tuesday

Around six million people will receive a one-off £150 payment from Tuesday. Those being paid a qualifying disability benefit will be paid automatically from September 20. The vast majority of those eligible are expected to receive their one-off payment by the start of October, the UK Government has said. People with disabilities often face higher … Read more

Here’s How Much a New Monthly Mortgage Payment Has Surged in 10 US Metros

(Bloomberg) — Mortgage rates in the US have soared alongside Federal Reserve rate hikes. According to Bankrate, the average 30-year mortgage now stands above 6.3%, the highest since 2008. Most Read from Bloomberg And while there are signs that the market value of homes is weakening, the absolute levels remain extremely high. As such, the … Read more

Ratio bags $411M in equity, credit for flexible subscription payment models

Fintech startup secured $411 million in equity and debt funding to continue developing what it calls “a new flavor” of buy now, pay later that combines payments, predictive pricing, financing and a quote-to-cash process. Co-founder and CEO Ashish Srimal founded Ratio in 2021 with CTO Mason Blake, and they have been heads down ever since … Read more

Student loan startup CommonBond is quietly winding down operations after the pandemic’s interest and payment pause massi

CommonBond’s refinancing business took a massive hit amid the pandemic’s interest and payment pause. It effectively exited the business in June and pivoted to loans for residential solar panels. The company’s CEO David Klein announced the decision in a LinkedIn post. Student loan lending company quietly announced it will be “winding down” its operations after … Read more

Musk says Twitter whistleblower payment is another reason to scrap merger

(Corrects spelling of whistleblower’s first name to “Peiter” from “Pieter” in second paragraph) WILMINGTON, Del. (Reuters) -Elon Musk’s lawyers said on Friday that Twitter Inc’s decision to pay $7.75 million to a whistleblower gives the world’s richest person another justification for terminating his $44 billion agreement to purchase the company. In a letter to Twitter, … Read more

2008 all over again? BofA just launched a test of zero-down-payment, zero-closing cost mortgages for minority communitie

A major American bank has launched a new program to help first-time minority buyers finance a home purchase with no down payment or closing costs. It’s a boon to buyers at a time when rising interest rates and low home inventory have stacked the deck against them. It’s also the latest response to longstanding criticism … Read more

2008 all over again? BofA just launched a test of zero-down-payment, zero-closing cost mortgages for minority communitie

A major American bank has launched a new program to help first-time minority buyers finance a home purchase with no down payment or closing costs. It’s a boon to buyers at a time when rising interest rates and low home inventory have stacked the deck against them. It’s also the latest response to longstanding criticism … Read more

Google will allow alternative payment systems for Play Store in more countries

Google announced today it’s expanding the user choice billing program for Play Store — which lets users choose alternative payment systems for in-app purchases — to India, Australia, Indonesia, Japan, and the European Economic Area. The company is calling all non-gaming developers globally to , and if they qualify, they can use third-party payment systems … Read more