Otto, a fintech startup which aims to allow people to tap into their vehicle’s equity for access to credit, has raised $4.5 million in a seed round of funding. The Dallas-based company is building a mobile platform that will essentially let people borrow against their vehicles at the same interest rate as standard credit cards. […]
A catastrophe
The Ship that Became a Bomb Stranded in Yemen’s war zone, a decaying supertanker has more than a million barrels of oil aboard. If—or when—it explodes or sinks, thousands may die. SL NewYorker. So much more to this story than “just” a leaking oil tanke…
Octane raises $52M at a $900M+ valuation to help people finance large recreational purchases
Most of the time when people get loans, it’s for big life purchases such as a house or a car. But not every big purchase is a necessity. Some are more for fun, and the financing options for those types of buys — such as motorcycles and ATVs — are more limited. Today, Octane Lending, […]
Amazon expands same-day Prime delivery to 6 more U.S. cities
Amazon announced this morning it’s expanding its faster, same-day delivery service to half a dozen more U.S. cities. The service, which the retailer has been working to make same-day delivery even faster over the past year, now offers consumers in a number of markets the ability to shop up to 3 million items on Amazon.com, […]