Figuring Out • 1y
Unique Startup Stories (4/20) Imagine a family that controls a whole continent and you don't even know about it. Meet Wellenberg Family. So after the end of the depression of 1837, the whole European economy was booming. But the banks at that time didn't lend money and acted as locker provider and charged money for it. So Allen Welleberg found that he could lend the money to industries, pay interest to dipositer and still make profit. So he started his SEB bank in Sweden. Bach then starting a bank was as easy as starting a Gold Shop. And with this, he began to get whole bunch of deposits from everyone due to intrest he offered. Soon his bank started earning tons of profits which he invested in buying stake in companies throughout Europe. Later the situation grew so bad that either 1) your account is in SEB or 2) your took a loan for SEB or 3) your company took a loan for SEB According to CNBC, this family has networth of over $250 Billion and actual figure could be much more.
Building Nestsure • 18d
Are there any Bank official who works in loan department? had one doubt. Please answer it below Doubt : If a business needs 45cr capital, and i need 2cr loan from a bank ( Paid-up capital is just 6 crore, and 38cr loan is sanctioned from a bank ). S
See MoreECE student | Entre... • 2m
Today’s insight: Use other people’s money! 🚀 The rich get richer by leveraging— Banks lend for assets like properties. Landlords buy homes, Airbnbs cash flow. It’s not their money—it’s the bank’s! They profit while others pay the loan. How will you
See MoreDAY ONE • 1y
STUDENT BANK to teach the young generation the basics of banking, money management, how to save money. It would function for the students of age 14 to 18 . Bank will function in every school students can do all banking transactions like savings and a
See MoreHey I am on Medial • 1y
How is money view for taking up personal loan? I am in need of some money urgently and the only option I have left is personal loan apps and money view has a good rating on playstore among all but still I checked out the reviews and didn't get that t
See MoreSCALITYAI:-https://S... • 10m
Hi My ideas is a Fintech platform were you can share your bank account to your family or friends they use for transaction.but account owner set some restriction on transaction or set some financial goal. This platform are helping family members or p
See MoreSCALITYAI:-https://S... • 10m
Hi My ideas is a Fintech platform were you can share your bank account to your family or friends they use for transaction.but account owner set some restriction on transaction or set some financial goal. This platform are helping family members or
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