UK marketplace lender Landbay has lowered its borrowing rates and fees in an effort to refresh its offerings for buy-to-rent property borrowers; rates for a two-year fixed term loan will now start at 3.39% and rates on a five-year fixed term loan will start at 3.59%; arrangement fees have also been reduced to 1.5% from 1.75%; the firm has also made some changes to its approval criteria; Paul Brett, managing director of intermediaries at Landbay had the following comments: "We are constantly listening to our intermediary partners and to the requirements of the market. Our rates have been reduced across the board to ensure we remain competitive whilst our criteria enables us to serve a wide range of specialist borrowers seeking a fast decision." Source
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CB Insights has analyzed 1,098 startups which raised capital from 2008 to 2010; only 46% followed with a second funding round and 14% achieved a fourth round of funding; only 10 companies or 0.91% achieved unicorn status with a valuation of $1 billion and approximately 70% of the startups have failed. Source
CB Insights reports on artificial intelligence (AI) startups that have been acquired since 2012; top acquirers include Google, Apple, Facebook and Intel; 200 AI companies have been acquired since 2012 and the first quarter of 2017 reported 34 AI acquisitions including the largest deal from Ford which acquired Argo AI for $1 billion. Source
The panel explores consumer litigation funding also known as pre-settlement funding, non-recourse funding or lawsuit lending; provides funding to plaintiffs who commonly have a personal injury case; money is used for life needs such as rent, mortgage, tuition, food, etc. and is not a loan; LawCash has provided funding for around 100,000 cases and has been in operation since 2000; YieldStreet is an investment platform for investors to access these types of investments; other topics discussed are how litigation funding is uncorrelated, how deals are underwritten, transparency of companies in the industry and the evolution of litigation finance. Source