SWFI First Read, April 24, 2019

Posted on 04/24/2019


SoFi Near Closing New Round of Capital

Social Finance Inc. (SoFi) is nearing raising capital from a group of investors that includes the Qatar Investment Authority (QIA).

Nomura Seeks to Close More Domestic Branches

Nomura Holdings Inc. revealed plans to lower its number of branch offices in Japan by 20% within a three-year time frame. Specifically, these are domestic branches of Nomura Securities Co.

Allied Irish Bank Sells NPL Portfolio to Everyday Finance

Disclosed on April 1, 2019, Allied Irish Bank agreed to sell a €1 billion portfolio of non-performing loans (NPL), comprising of mostly buy-to-let properties, to Everyday Finance. The portfolio is mostly made up of investment properties. The portfolio includes 2,200 customer loans.

Everyday Finance is an affiliate of Cerberus Capital Management.

Getaround Acquires French Rival Drivy

San Francisco-based Getaround is a peer-to-peer automobile sharing network. Getaround raised over US$ 400 million in venture capital funding. Getaround purchased French rival Drivy for US$ 300 million. Drivy’s former financial backers include organizations such as Index Ventures, Cathay Innovation, Nokia Growth Partners, Bpifrance, and Via-ID.