Public-private-partnerships and financing smart city development
At the Second Annual Smart Cincy Summit, Oscar Bode (CEO, Smart City Capital) discussed his firm taking a leading role in the 2018 Smart Infrastructure Challenge and painted a picture for how new public-private-partnership models can accelerate and expand smart city development efforts.
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After picking up $250 million in equity funding from Softbank earlier this year, the small business loans and finance company Kabbage — which uses only algorithms and machine learning (no humans) to determine an applicant’s eligibility — is announcing another big infusion of money. The company is picking up $200 million from Credit Suisse in a revolving credit facility that it will use for loans.
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