Oct 16, 2023 9.00am Heavily backed digital debt collection firm InDebted, which was most recently valued at just over $200 million, has bought out smaller family-owned fintech rival Reminda, in a deal that signals an end of a recent cost-cutting drive. The start-up has raised more than $70 million since 2017 from investors including Westpacs…
October 16, 2023 Photo: Depositphotos.com Twice as many businesses in the Netherlands were declared bankrupt in the third quarter of 2023 compared to last year, according to figures from the chamber of commerce (KvK). The government agency said the figure was lower than the long-term average, but indicated that the recent decline in bankruptcies had…
Financial Services Commission Chairman Kim Joo-hyun speaks during an audit session at the National Assembly in Seoul, Oct. 11. Yonhap Voluntary agreement between creditors and corporations to take effect within this month By Anna J. Park As the country’s five-year-limited law on corporate debt restructuring or workout expired on Monday, the Financial Services Commission (FSC),…