CrediFi Raises $6M in Funding

… by investors Mitsui Fudosan and Maverick Ventures Israel and existing investors Battery Ventures, Viola Ventures and crowdfunding site OurCrowd.

credifiCrediFi, a source for data and analytics for commercial real estate finance, raised an additional $6m in funding.

The round was led by Liberty Technology Venture Capital II, joined by investors Mitsui Fudosan and Maverick Ventures Israel and existing investors Battery Ventures, Viola Ventures and crowdfunding site OurCrowd.

The company, which has raised $29m overall, intends to use the funds to expand its go-to-market efforts, as well as to recruit executive and team talent in New York and Israel.

Founded in 2014 and led by CEO Ely Razin, CrediFi is a SaaS (software as a service) big data platform serving the Commercial Real Estate Finance market. The company provides data and analytics driven by a database of over seven million commercial properties, including multi-family, office, retail, hotel and industrial assets. It tracks $13 trillion in both balance-sheet and securitized loans, focused on transparency in understanding borrowers, lenders and transactions, enabling real estate investment decisions.

Customers include American financial institutions and banks, property companies, hedge fund managers and US government agencies.

CrediFi currently has 65 employees and is dual headquartered in New York City and Tel Aviv.

It has just announced two new executives:

– Jeff Hendren as President, based in New York, and

– Amichai Levy as Vice President, Research & Development, based in Tel Aviv.

FinSMEs

23/01/2019

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Sensex falls 336 pts, Nifty closes below 10850; ITC, PowerGrid, Infosys top losers

The Sensex and Nifty closed lower today, dragged by a sharp fall in ITC after the cigarette-maker reported quarterly results, while IT and financial …

The Sensex and Nifty closed lower today, dragged by a sharp fall in ITC after the cigarette-maker reported quarterly results, while IT and financial stocks also contributed to the losses. The broader Nifty ended down 91 pts at 10,831.5, while the benchmark Sensex ended 336 points weaker at 36,108.47.

Shares of ITC slumped 4.16 percent to their worst close since December 26, despite beating analysts’ estimates for third-quarter profit. The firm reported 3.84 per cent increase in standalone net profit at Rs 3,209.07 crore for the third quarter ended December 31, 2018.

The company had posted a net profit of Rs 3,090.20 crore in October-December quarter a year ago, ITC said in a BSE filing.

Gross revenue from sales was up 15.09 per cent to Rs 11,340.15 crore as against Rs 9,852.74 crore in the year-ago period.

HDFC Bank’s stock dropped 1.4 percent while that of IT giant Infosys Ltd declined 1.8 percent. Sun Pharma (3.04%), YES Bank (2.71%) and Tata Steel (1.53%) were the top Sensex gainers.

Top Sensex losers were ITC (4.16%), PowerGrid (1.85%) and Infosys (1.72%).

Of 30 Sensex stocks, 22 ended in the red.

Market breadth was negative with 1068 stocks closing higher compared to 1477 ending in the red.

Meanwhile, the BSE mid cap and small cap indices closed 42 points and 22 points lower in trade today

Top sectoral losers were consumer durables stocks and banking stocks.

BSE Consumer durables index lost 244 points to 20,907 and bankex index closed 209 points lower to 30,540.

Global markets

World markets were mostly lower on Wednesday as news of possible hiccups in US-China trade talks ratcheted up growth worries.

Germany’s DAX gave up 0.5 percent to 11,036.81 and the CAC 40 in France lost 0.3 percent to 4,833.41. Britain’s FTSE 100 was 0.6 percent lower at 6,858.75. Wall Street was set for a flat opening. The future contract for the Dow Jones industrial average was 0.1 percent higher at 24,404.00. The contract for the broader S&P 500 index was flat at 2,631.90.

Japan’s Nikkei 225 index shed 0.1 percent to 20,593.72 after the Bank of Japan kept its short and long term interest rates intact as expected but lowered its inflation forecasts. South Korea’s Kospi rose 0.5 percent to 2,127.78. Hong Kong’s Hang Seng was almost flat at 27,008.20. The Shanghai Composite index gained 0.1 percent to 2,581.00. Australia’s S&P ASX 200 slipped 0.3 percent to 5,843.70. Shares fell in Taiwan, Singapore and Indonesia but rose in Malaysia.

Edited by Aseem Thapliyal

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Market Today Fatafat ET Now: Sensex stays flat as Infosys, TCS, HDFC drag; top 13 stocks in news

New Delhi: Indian stock markets were lacklustre on Wednesday, January 23, 2019, with BSE Sensex trading unchanged. Up until 2:05 pm, the S&P …
Market Today Fatafat ET Now: Sensex stays flat as Infosys, TCS, HDFC drag; top 13 stocks in news

Shares of Infosys, TCS and HDFC were the top negative point contributors to Sensex today.&nbsp | &nbspPhoto Credit:&nbspRepresentative Image

New Delhi: Indian stock markets were lacklustre on Wednesday, January 23, 2019, with BSE Sensex trading unchanged. Up until 2:05 pm, the S&P BSE Sensex shuttled between a range of 36,521.47 and 36,363.61. Shares of Sun Pharma, Yes Bank, Tata Steel, Tata Motors, HUL, Vedanta, Bajaj Finance and ITC were the top gainers today while shares of Infosys, Mahindra & Mahindra, HDFC, NTPC and TCS were the top laggards. Shares of Infosys, TCS and HDFC were the top negative point contributors to Sensex today. These stocks wiped as much as 80 points out of the Sensex.

Meanwhile, among the sectoral indices of NSE, Nifty Media, Nifty Metal, Nifty FMCG and Nifty Pharma were the top gainers while Nifty PSU Bank dropped the most.

Market Today Fatafat ET Now: Top 13 stocks in the news

Reliance Nippon Life: Shares Reliance Nippon Life fell over 4 per cent in the trade today after Q3 profit and revenues dropped on-year. Industry crisis and regulatory changes have hit profitability.

Ajanta Pharma: Shares of drugmaker Ajanta Pharma rose 2 per cent. Kunal Bothra has recommended ‘buy’ with a target price of Rs 1,240 and stop loss at Rs 1,165.

ICICI Prudential Life Insurance: Shares of ICICI Prudential Life crashed more than 10 per cent witnessing sharp plunge after weak q3 results. The stock is facing resistance at 100-DMA.

Shree Cement: Shares of Shree Cement surged 3.5 per cent, Sharekhan has recommended a ‘buy’ with a stop loss at Rs 15,850 and target price at Rs 18,000-18,100.

Mindtree: Share of Mindtree gained 1.4 per cent. A rise in open interest continues in futures, very high volumes in cash and futures seen.

Watch Market Fatafat video to see all 13 stocks in the news today

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Taiwan shares recoup earlier losses, end slightly higher

TSMC, the most heavily weighted stock on the local market, rose 0.90 … “Bargain hunting drove TSMC higher, but the stock could encounter stiff …

Taipei, Jan. 22 (CNA) Shares in Taiwan closed slightly higher Tuesday after recouping earlier losses with late session buying focusing on select heavyweights, in particular contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), dealers said.

Turnover remained in a narrow range amid rising concerns over economic fundamentals after Taiwan reported Monday a more than 10 percent year-on-year decline in export orders for December, they said.

The weighted index on the Taiwan Stock Exchange (TWSE) or the Taiex closed up 5.26 points, or 0.05 percent, at 9,894.66, after moving between 9,855.47 and 9,894.66, on turnover of NT$77.17 billion (US$2.5 billion). Tuesday’s trading volume fell from NT$93.90 billion a session earlier.

The market opened down 8.86 percent and fluctuated in a small range below the previous closing level for most of the session on a mild technical correction from a day earlier, when the Taiex ended up 0.54 percent, dealers said.

Buying emerged in the last few minutes of the session as bargain hunters picked up select large cap stocks such as TSMC, Formosa Plastics Corp. and Cathay Financial Holding Co., helping the main board recover from the earlier losses and end the day in positive territory, they said.

“It was a quiet day with turnover falling partly because Wall Street closed overnight (the Martin Luther King Jr. holiday), providing no direction to investors here,” Mega International Investment Services Corp. analyst Alex Huang.

“More important, many investors stayed on the sidelines as they have turned more cautious about the economy after disappointing export order data for December amid trade tension between the United States and China,” Huang said.

After the 10.5 percent year-on-year decline in December, the Ministry of Economic Affairs forecast Monday that export orders could fall another 11.8-14.1 percent year-on-year in January as the global economy slows.

“The silver lining was that some investors were still willing to hunt bargains to buy into stocks, like TSMC, which came under pressure after lower than expected sales guidance for the first quarter to lend support to the broader market,” Huang said. “It seems that these negative leads had been digested.”

TSMC, the most heavily weighted stock on the local market, rose 0.90 percent to close at the day’s high of NT$223.00, off an early low of NT$219.00, with 28.91 million shares changing hands.

The chipmaker said last week that its sales for the first quarter could fall 22 percent from a quarter earlier due to inventory adjustments on weakening demand, which was worse than an earlier market estimate of 10-20 percent.

“Bargain hunting drove TSMC higher, but the stock could encounter stiff technical resistance when it moves closer to NT$230-NT$235,” Huang said.

Also in the bellwether electronics sector, PC brand Asustek Computer Inc. closed unchanged at NT$230.00, but rose from an earlier low of NT$227.00, while iPhone assembler Hon Hai Precision Industry Co. fell 0.70 percent to close at NT$70.70 after hitting a low of NT$70.30.

Non-electronics stocks also saw support from the last ditch buying with Formosa Plastics gaining 0.49 percent to close at NT$103.00, off an early low of NT$102.00, and Nan Ya Plastics Corp. adding 0.53 percent to end at NT$76.40, off a low of NT$75.90.

In the financial sector, which closed up 0.25 percent, shares in Cathay Financial rose 0.91 percent to close at NT$44.20, and CTBC Financial Holding Co. gained NT$1.23 percent to end at the day’s high of NT$20.50.

“The current earnings season in Taiwan and on Wall Street still dictated market sentiment here,” Huang said. “After TSMC’s results last week, investors are anxiously waiting for Apple Inc’s (scheduled for Jan. 29).”

“Investors should keep alert over the upcoming new round of trade talks between Washington and China at the end of this month, which could move the global financial markets,” Huang added.

According to the TWSE, foreign institutional investors bought a net NT$1.19 billion worth of shares on the main board Tuesday.

(By Frances Huang)

Enditem/AW

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HDFC Bank Limited (HDB) Analysts See $0.96 EPS; WACOM CO LTD SHS (WACMF) Sellers …

… Homes’ board picks Baring Private Equity Asia over HDFC to sell business – Economic Times; 30/04/2018 – HDFC 4Q PROVISIONS 1.8B RUPEES; …

HDFC Bank Limited (NYSE:HDB) Logo

Analysts expect HDFC Bank Limited (NYSE:HDB) to report $0.96 EPS on January, 28.HDB’s profit would be $756.34M giving it 26.91 P/E if the $0.96 EPS is correct. The stock increased 0.47% or $0.48 during the last trading session, reaching $103.35. About 617,979 shares traded. HDFC Bank Limited (NYSE:HDB) has risen 0.29% since January 21, 2018 and is uptrending. It has outperformed by 0.29% the S&P500. Some Historical HDB News: 30/04/2018 – HDFC 4Q TOTAL INCOME 93.3B RUPEES; 30/05/2018 – HDFC Earnings Likely to Get a Boost on India’s Urbanization Push; 23/04/2018 – Mumbai Bourse: Hdfc Bank Ltd. – Disclosure As Per Regulation 52(4) & 52(5); 05/03/2018 Indian mortgage lender HDFC raises $291 mln from share sale; 22/03/2018 – HDFC BANK LTD HDBK.NS – APPOINTED RAHUL SHUKLA AS HEAD OF CORPORATE AND BUSINESS BANKING; 12/04/2018 – Franklin India High Growth Exits HDFC, Cuts EIH; 27/03/2018 – MEDIA-India’s Can Fin Homes’ board picks Baring Private Equity Asia over HDFC to sell business – Economic Times; 30/04/2018 – HDFC 4Q PROVISIONS 1.8B RUPEES; 19/03/2018 – CORRECT: BARINGS, HDFC FINAL BIDDERS FOR CAN FIN HOMES: TOI; 13/04/2018 – HDFC BANK TO CONSIDER ISSUING PERPETUAL DEBT ON APRIL 21

WACOM CO LTD SHS (OTCMKTS:WACMF) had a decrease of 21.46% in short interest. WACMF’s SI was 497,100 shares in January as released by FINRA. Its down 21.46% from 632,900 shares previously. It closed at $4.35 lastly. It is down 0.00% since January 21, 2018 and is . It has by 0.00% the S&P500.

HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company has market cap of $81.43 billion. The firm operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business divisions. It has a 199.71 P/E ratio. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.

Another recent and important Wacom Co., Ltd. (OTCMKTS:WACMF) news was published by Seekingalpha.com which published an article titled: “Wacom Co., Ltd. ADR 2018 Q3 – Results – Earnings Call Slides – Seeking Alpha” on February 20, 2018.

Wacom Co., Ltd. develops, manufactures, and markets user interface solutions. The company has market cap of $667.48 million. It operates through Brand Business, Technology Solution Business, and Other Business divisions. It has a 29.19 P/E ratio. The Brand Business segment offers hardware and software products and solutions, including Wacom Intuos Pro, Intuos, Wacom MobileStudio Pro, and Wacom Cintiq Pro; digital stationery solutions under the Wacom brand with Bamboo smartpads, which digitize handwritten ideas, as well as various types of styli for mobile products; and tablets under the Wacom brand.

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