(Bloomberg) Marcelo Claure, the former chief operating officer of SoftBank Group Corp., has a new gig: executive chairman and managing partner of his own venture firm, Bicycle Capital. The firm is targeting $500 million for its inaugural fund, and has amassed $440 million in commitments so far.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleElizabeth Holmes Objects to $250-a-Month Victim Paym
For decades, Brazil has had a huge credit problem. It is Latin America’s largest country and has one of the highest interest rate spreads in the world. To give you an idea of just how bad it is, reports indicated that in 2019, credit card interest rates neared a staggering 300% in Brazil. This is […]