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LG OLED 55-inch 4K smart TV on sale for $999 with code

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TL;DR: LG’s 55-inch B8 Series OLED 4K Smart TV typically retails for $2,299, but you’ll pay just $999 when you enter the code SAVE50 at checkout. (You can use that same code to get a 65-inch B8 Series OLED 4K Smart TV for just $1,599.)


By our calculations, your odds of finding a decent-sized OLED TV for less than $1,000 are about one in one bajillion. (That’s a rough estimate, mind you.) Since only a few companies make them — OLED technology is still very new — those lightweight, ultra-thin displays with incredible color depth are widely considered luxury products. 

Guess that means today’s your lucky day: You can get a 55-inch LG B8 Series 4K Ultra HD Smart OLED TV for just $999 when you buy it through the PCMag Shop (which is owned by Mashable’s publisher Ziff Davis), provided you enter the code SAVE50 at checkout. You’ll be saving a whopping $1,300, as it usually retails for $2,299, which is plenty of cash to spare to buy yourself a couple of lottery tickets.  Read more…

More about Hdtv, Oled, Lg Tv, Mashable Shopping, and Shopping Pcmag

Bitcoin has quadrupled in value in six months

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Thought that the days of cryptocurrency bubble are behind you? Think again. 

On Tuesday, the price of Bitcoin hit a new yearly high of $12,867 per coin according to CoinMarketCap, and that’s after crushing the psychological $10,000 barrier just days ago. 

To put things into perspective: The price of Bitcoin has quadrupled in just six months after hitting a yearly low of about $3,200 in Dec. 2018. 

The price growth has been relentless, even when many experts expected a pullback, or at least a pause.  Read more…

More about Bitcoin, Tech, and Cryptocurrency Blockchain

Trevor Noah and Jimmy Fallon give their best ‘stoned Trump’ impressions

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The Trump impression is something that is a must-have for late night TV hosts — but a high version? Not so much.

That’s where things ended up when The Daily Show’s Trevor Noah dropped in on The Tonight Show for a game of political impressions with Jimmy Fallon.

There are the usual big wigs — Barack Obama, Bernie Sanders, and Beto O’Rourke — but it’s the impression of Trump smoking a spliff for the first time which is the standout.

“Let’s make spliffs big again,” Fallon quips. Read more…

More about Entertainment, Tv, The Tonight Show Starring Jimmy Fallon, Entertainment, and Movies Tv Shows

South African SME finance startup Lulalend raises $6.5M Series A

South African digital lender Lulalend has raised a $6.5 million Series A round co-led by IFC and Quona Capital.

The Cape Town based startup uses an online application process and internal credit metrics to provide short-term loans to small and medium sized businesses that are often unable to obtain working capital.

Lulalend will use the round to build its tech and data team and improve its ability to reach more SMEs in South Africa, according CEO Trevor Gosling—who co-founded the startup in 2014 with Neil Welman.

“The biggest thing is strengthening our balance sheet so we can access traditional debt funding to grow our loan book,” Gosling told TechCrunch on a call.

On the market for Lulalend’s business, Gosling highlighted IFC numbers indicating a $23 billion financing gap for South Africa’s SME’s—which are estimated to contribute 34 percent of the GDP for the country of 56 million.

Lulalend’s loan sizes range from around $1500 (≈ 20,000 South African Rand) up to $70,000, for 6 to 12 month tenors, requiring monthly payments of one-sixth or one-twelfth the total loan with monthly costs of 2 to 6 percent.

The most common loan is around $10,000 (≈ 148,000 Rand) over a 6 month term for a cost over principal of roughly $1700, according to Gosling.

Lulalend loan terms

SMEs can apply online and need a bank account to receive a loan disbursement. A high percentage of Lulalend’s approvals are processed automatically—without requiring manual due diligence—using the company’s proprietary credit scoring tech.

Loans by sector for the startup run pretty evenly across online commerce companies, manufacturing and distribution type businesses, and professional and business services firms.

Lula 197 2Lulalend does not release info on revenue or loan portfolio size, but Gosling said the company has a loss-rate below 4 percent and has reached profitability—something confirmed in the round due diligence process.

The startup has an internal data-base, developer team, and operates on Microsoft’s Azure cloud services. Co-Founder Neil Welman is the company’s CTO and brings previous experience in financial credit risk analysis.

“When we set up the company the biggest piece within the automation that we’ve had to solve for is the underwriting component and ability to score companies,” Gosling said.

That internal ability to assess loan risk and process loan applications (largely) straight through is how Lulalend is able to serve an under-served SME market. For many big South African banks, that require traditional due diligence and collateral, booking small loans doesn’t make economic sense, according to Gosling.

“With a very manual credit process and little automation, it doesn’t make…it….profitable to do $5000 loans,” he said.

As part of the $6.5 million Series A, investor Quona Capital (which is sponsored by fintech organization Accion) will join LulaLend’s board.

On why the fund invested in the startup, “We believe Lulalend’s tech-enabled scoring, combined with their ability to provide funding in a quick and transparent way, has the potential to…catalyze SME growth in South Africa,” said Quona Capital Partner Johan Bosini.

LulaLend co-founder Trevor Gosling said the the startup could consider expansion in the future but will remain focused on South Africa for now.

On long-term performance goals for the startup, he named generating revenue and lending volume as the primary target. “What we’re trying to achieve is building a $100 million loan book as quickly as possible and that’s what this raise is assisting us with,” he said.

“We believe if you build a quality business opportunities will present themselves, whether it’s through a strategic partnership or an IPO or whatever makes sense at that time.”

Gosling said Lulalend is also keeping its door opened to partnerships with big banks or telcos to provide access to finance to greater numbers of South Africa’s SMEs.

 

 

 

 

 

 

 

 

 

 

 

South African SME finance startup Lulalend raises $6.5M Series A

South African digital lender Lulalend has raised a $6.5 million Series A round co-led by IFC and Quona Capital.

The Cape Town based startup uses an online application process and internal credit metrics to provide short-term loans to small and medium sized businesses that are often unable to obtain working capital.

Lulalend will use the round to build its tech and data team and improve its ability to reach more SMEs in South Africa, according CEO Trevor Gosling—who co-founded the startup in 2014 with Neil Welman.

“The biggest thing is strengthening our balance sheet so we can access traditional debt funding to grow our loan book,” Gosling told TechCrunch on a call.

On the market for Lulalend’s business, Gosling highlighted IFC numbers indicating a $23 billion financing gap for South Africa’s SME’s—which are estimated to contribute 34 percent of the GDP for the country of 56 million.

Lulalend’s loan sizes range from around $1500 (≈ 20,000 South African Rand) up to $70,000, for 6 to 12 month tenors, requiring monthly payments of one-sixth or one-twelfth the total loan with monthly costs of 2 to 6 percent.

The most common loan is around $10,000 (≈ 148,000 Rand) over a 6 month term for a cost over principal of roughly $1700, according to Gosling.

Lulalend loan terms

SMEs can apply online and need a bank account to receive a loan disbursement. A high percentage of Lulalend’s approvals are processed automatically—without requiring manual due diligence—using the company’s proprietary credit scoring tech.

Loans by sector for the startup run pretty evenly across online commerce companies, manufacturing and distribution type businesses, and professional and business services firms.

Lula 197 2Lulalend does not release info on revenue or loan portfolio size, but Gosling said the company has a loss-rate below 4 percent and has reached profitability—something confirmed in the round due diligence process.

The startup has an internal data-base, developer team, and operates on Microsoft’s Azure cloud services. Co-Founder Neil Welman is the company’s CTO and brings previous experience in financial credit risk analysis.

“When we set up the company the biggest piece within the automation that we’ve had to solve for is the underwriting component and ability to score companies,” Gosling said.

That internal ability to assess loan risk and process loan applications (largely) straight through is how Lulalend is able to serve an under-served SME market. For many big South African banks, that require traditional due diligence and collateral, booking small loans doesn’t make economic sense, according to Gosling.

“With a very manual credit process and little automation, it doesn’t make…it….profitable to do $5000 loans,” he said.

As part of the $6.5 million Series A, investor Quona Capital (which is sponsored by fintech organization Accion) will join LulaLend’s board.

On why the fund invested in the startup, “We believe Lulalend’s tech-enabled scoring, combined with their ability to provide funding in a quick and transparent way, has the potential to…catalyze SME growth in South Africa,” said Quona Capital Partner Johan Bosini.

LulaLend co-founder Trevor Gosling said the the startup could consider expansion in the future but will remain focused on South Africa for now.

On long-term performance goals for the startup, he named generating revenue and lending volume as the primary target. “What we’re trying to achieve is building a $100 million loan book as quickly as possible and that’s what this raise is assisting us with,” he said.

“We believe if you build a quality business opportunities will present themselves, whether it’s through a strategic partnership or an IPO or whatever makes sense at that time.”

Gosling said Lulalend is also keeping its door opened to partnerships with big banks or telcos to provide access to finance to greater numbers of South Africa’s SMEs.