Category: Accounting and Tax
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Following Fraser Perring, German Regulator Clamps Down On Adler!
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Short-seller Fraser Perring has exposed Adler’s accounting already in 2021. In a balance sheet audit, the German BaFin confirmed Perring’s allegations and finds almost four billion euros too much on the balance sheet of the real estate group. In the audit of Adler Real Estate’s 2019 consolidated financial statements, the…
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Turning Point! UK Neobank Starling Achieves Profitability!
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Founder and CEO Anne Boden had committed months ago, announcing that Starling Bank would become profitable before the end of 2022. As a matter of fact, the digital bank swung to a pre-tax profit of £32.1 million for the financial year ending 31 March 2022 from a pre-tax loss of…
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Tax Platform April Raises $30 Million From Fintech Veterans!
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April, a personal income tax platform embedded in digital finance apps, successfully raised $30 million in a Series A funding round backed by Treasury, a fintech infrastructure-focused fund, and QED, Nyca Partners, Team8, Euclidean Capital, and Atento Capital. The US company, co-founded by Ben Borodach and Daniel Marcous, has raised…