VC Daily: Some Comfort for PPP Applicants; Cathay Capital Reloads; Startups Roll Out Contact-Tracing Apps

Good day. After tightening eligibility requirements and increasing scrutiny, the Small Business Administration is giving a reprieve to applicants for the Paycheck Protection Program. The SBA now says that loans of less than $2 million in the aggregate to a borrower and its affiliates will be considered necessary, based on the amount alone. […]

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Which Insurtech Distribution Model Gets It Right?

Insurtech has become one of the fastest growing segments in fintech. McKinsey & Co. reported that over $10 billion has been invested in insurtech since 2012. Already there are over 2,500 insuretechs around the world, a number that will surely continue to climb. While there’s no debate over whether insurance is ripe for disruption, there’s still uncertainty over which […]

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L’Oreal Invests In Cathay Innovation Fund To Develop Tech Startups in China

Announced on wednesday investment in global venture capital fund cathay innovation to develop beauty tech startups in china. Strengthens connection to beauty tech startup ecosystem, particularly in china, the group’s second largest market and pioneer in digital innovation. Participation done through company’s capital fund bold business opportunities for l’oreal development launched in dec 2018. […]

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