Tag Archives: FIN

PR Newswire

Huawei vows to enable digital ecosystem-based finance in APAC

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SINGAPORE, Aug. 3, 2021 — Huawei on July 29, 2021 held its first virtual Asia-Pacific Intelligent Finance Summit 2021, with the theme "Accelerate Digital Transformation in Banking, New Value Together". As economies across the Asia-Pacific region continue to recover and rebound, leading banks and financial institutions are accelerating digital transformation, seizing new digitalization opportunities to reinvent themselves for what the future holds.

This event attracted more than 1,300 financial industry customers, partners, industry experts and media across Asia-Pacific regions. Huawei is honored to invite financial industry core customers and partners like BDO Unibank, KASIKORN Business – Technology Group (KBTG), PwC and IDC to participate in the panel discussion and share their experiences on how they utilize technology to upgrade the industry and range of services on offer by constructing an ecosystem that is agile and intelligent, and ultimately transform themselves into digital-capable eco-enterprises.

During the panel discussion, most of the customers mentioned that they prioritized their investment budget in technology in 2020 and 2021 and it proved that the technologies capabilities brought good business return from the investment. From the investment, customers make sure the cloud technology would bring growth in post pandemic banking through digital and ecosystem banking. In addition, in this discussion, Mr. Jarung Kiatsuphapong, CIO of KASIKORN Business – Technology Group (KBTG), said that KBTG will prioritize technology investment budgets over the next two years. Technology has proven to bring good business returns on investment.

In Nicholas Ma’s, the President of Huawei Asia Pacific Enterprise Business Group opening speech, he thanked all customers and partners for their continuous support in these 10 years and future. He also mentioned that across the APAC region, Huawei has worked with over 300 leading digital ecosystem partners, to provide ICT services to over 100 financial customers. "With Huawei 6 scenario-specific solutions, including Financial Cloud, smart branch, Financial Ecosystem, Digital Core Banking, Smart Data Center, and smart Data Storage, we can help our customers make smart banking a reality and bring intelligence to finance," added in Nicholas Ma’s speech.

Huawei 6 scenario-specific solutions
Huawei 6 scenario-specific solutions

"Huawei has been working with the global financial industry for 10 years and has become an important partner in digital transformation for the industry. Huawei will continue to work with this industry to drive cloud-native computing to ensure financial institutions benefit from a modern and dynamic digital ecosystem that can be continually updated and developed, making use of the latest innovations. Huawei’s ethos is to help financial institutions grow into better digital ecosystem-based enterprises and develop fully connected, intelligent, and ecosystem-based finance together," Jason Cao, President of the Global Finance Business Unit of Huawei Enterprise Business Group, said in his speech.

In Eric Lin’s, CTO, Huawei Enterprise Asia Pacific Finance Account Department, presentation, he summarized that there are six important aspects for banks to focus on while designing a strategic plan of the digital transformation journey. Banks should focus on customers and partners, by enabling the digital core and data analytics capability to achieve Business Agility and Productivity. To respond to that, Eric introduced the six solutions Huawei has developed to facilitate the digital transformation from different perspectives, which are Smart Branch Solution for creating stunning customer experience for traditional customers who prefer interpersonal connection for banking service; Financial Ecosystem to create new business values for the banking customers especially for the underbanked or unbanked segment; Digital Core Banking System is the essential capability for banks to transform in two speeds, maintain the stability of the existing system, as well as publish the new banking services at FinTech speed; Financial Cloud Service, which offers banking customers a secure, fast and scalable cloud environment to try out the new solution with very minimum upfront investment; Smart Data Center including both SDN and DCI solution as well as modular Data Center, which allows customers to build the data center anywhere with lower cost; and intelligent Data Storage Solution with AI-enabled Data Management Service that is capable of managing the entire life cycle of data management to assure the banking critical services are running on the highly available and reliable platform.

For more information about Huawei Intelligent Finance Summit 2021, please visit: https://bit.ly/3BuKKSz

About Huawei

Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. We have more than 197,000 employees, and we operate in more than 170 countries and regions, serving more than three billion people around the world.
Our vision and mission is to bring digital to every person, home and organization for a fully connected, intelligent world. To this end, we will drive ubiquitous connectivity and promote equal access to networks; bring cloud and artificial intelligence to all four corners of the earth to provide superior computing power where you need it, when you need it; build digital platforms to help all industries and organizations become more agile, efficient, and dynamic; redefine user experience with AI, making it more personalized for people in all aspects of their life, whether they’re at home, in the office, or on the go. For more information, please visit Huawei online at www.huawei.com or follow us on:

http://www.linkedin.com/company/Huawei 

https://twitter.com/HuaweiEntAPAC

https://www.facebook.com/HuaweiEnterpriseAPAC

http://www.youtube.com/Huawei

PR Newswire

JD CENTRAL’s Parent Company JD.com Ranks 59th on Fortune Global 500 List

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BEIJING, Aug. 3, 2021 — JD.com, China’s largest retailer and the parent company of JD CENTRAL, ranked 59th on the Fortune Global 500 list released on August 2. Up by 43 places comparing with last year, JD.com has made the list for the 6th consecutive year, as the largest "retail and internet service" company in China and the third largest internet company globally.

JD.com’s recent development is recognized by Fortune, as it describes: "With nearly 500 million customers, JD.com’s revenue soared 40% to $32 billion in the first quarter of 2021, compared with the previous year, buoyed by resurgent demand from Chinese customers emerging from the pandemic and new partnerships with popular brands like Starbucks and sports retailer Decathlon."

Over the past six years, JD.com has moved up 307 places on the list from its first appearance at 366th in 2016, representing the unique advantage of JD’s business model based on supply chain ability and the economies of scale realized after years of investment.

The company has transitioned from a top retail platform to a leading supply chain-based technology and service company with businesses ranging from retail, technology, logistics, health, insurance, property development, industrial products and services, plus international business.

In 2018, together with Central Group, JD.com launched JD CENTRAL to further its international business expansion in Southeast Asia.

PR Newswire

New Oriental Education & Technology Group Inc. Cancels Scheduled Earnings Release and Earnings Call

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BEIJING, July 31, 2021 — New Oriental Education & Technology Group Inc. ("New Oriental" or the "Company") (NYSE: EDU and SEHK: 9901), the largest provider of private educational services in China, today announced that in light of the recent regulatory developments, it will cancel the earnings release for the fourth quarter of fiscal year 2021, as well as the corresponding earnings conference call and live webcast previously scheduled at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing Time) on Tuesday, August 3, 2021. The Company will provide further updates at an appropriate time in the future.

About New Oriental

New Oriental is the largest provider of private educational services in China offering a wide range of educational programs, services and products to a varied student population throughout China. New Oriental’s program, service and product offerings consist of K-12 after-school tutoring, test preparation, language training for adults, pre-school education, primary and secondary school education, education materials and distribution, online education, and other services. New Oriental is listed on NYSE (NYSE: EDU) and SEHK (9901.SEHK), respectively. New Oriental’s ADSs, each of which represents one common share. The Hong Kong-listed shares are fully fungible with the ADSs listed on NYSE.

For more information about New Oriental, please visit http://www.neworiental.org/english/.

Contacts

For investor and media inquiries, please contact:
Ms. Sisi Zhao
New Oriental Education & Technology Group Inc.
Tel: +86-10-6260-5568
Email: zhaosisi@xdf.cn

Ms. Rita Fong
FTI Consulting
Tel: +852 3768 4548
Email: rita.fong@fticonsulting.com

Related Links :

http://english.neworiental.org

PR Newswire

iWeb Inc, OTC Markets QB, IWBB, announced it will acquire Tingo Mobile Plc. from Tingo International Holdings, Inc, in a deal valuing the Tingo Mobile Plc at $3.7 Billion USD

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LOS ANGELES, July 30, 2021 — Transaction was negotiated for IWEB by their Business Development Partners Global Fintech Trading Limited Led by Craig Marshak an experienced Fintech Specialist investment banker who formerly ran a Nomura bank Venture Technology fund in London with considerable success in online gaming, Software and Cybersecurity investments.

Tingo International Holdings, Inc., is the parent company of Tingo Mobile, PLC, a Nigerian limited company. Tingo is a device and a service technology company focused on creating digitally inclusive ecosystems in the AgriTech and FinTech sectors in Africa.

TINGO has posted total revenue figure of $616 million dollars in 2020 and an EBITDA of $220 million dollars (figures based on NGN/USD exchange rate of 360), IWEB is confident that these figures will be exceeded going forwards with expansion and natural upwards progression of the TINGO business

IWEB have agreed to pay $4.00 per share with an issuance of 928 million new shares valuing TINGO at $3.7 Billion USD

Tingo is Nigeria’s leading technology and Device as a Service platform aimed at accelerating digital commerce, especially in Agri-Tech & Fin-Tech verticals in Nigeria. Tingo helps farmers acquire mobile phones through a unique mobile phone leasing scheme, connecting them to mobile and data networks through its virtual mobile network and connecting farmers to markets, services, and resources via Nwassa, its digital AgriTech marketplace platform. Beginning in April 2021, Tingo also launched a beta version of Tingo Pay – a B2C FinTech app aimed at providing financial services including mobile wallets, payment processing and access to specialist lenders and insurers to users inside and outside of the agriculture value chain.

Tingo have over 9 million subscribers and has supplied almost 30 million mobile devices since 2014.

About Tingo see www.tingogroup.com

Tingo has four core business drivers:

  • Mobile Phone Leasing: Tingo has distributed almost 30 million mobile handsets since 2014 and will continue to replace the devices of its installed customer base every three years.
  • Mobile Voice and Data Service: Through a Mobile Virtual Network, Tingo provides its customers with voice and data services.
  • Nwassa Platform: Tingo’s proprietary AgriTech platform, Nwassa, supports Nigeria’s agricultural value chain with market access.
    Tingo processes 500k daily transactions with a value of over $8 million, which provides its installed customer base with access to agricultural markets for their crop. Farmers and cooperatives are also supported with packaging, warehousing, and cargo logistics
    Tingo provides its customers with digital wallet services, which enable them to send and receive domestic payments, monitor cash flow in real time and securely hold money.
    Tingo provides access to other third-party services such as utility bill payment, virtual airtime top-up, insurance services, and alternative lending solutions.
  • Tingo Pay: Since the launch of Nwassa platform Tingo has been a dominant player in the B2B FinTech vertical. Tingo has entered the B2C FinTech vertical to extend our B2B play to mass market use cases beyond agriculture.

Market Opportunity

Africa is the second-largest continent by land mass and population. The continent is also the youngest by far, with a median age of 18 years for its 1.3 billion people. Tingo believes the building blocks for growth in Africa’s agriculture industry are in place and that Tingo is well positioned in this space to participate in the upside.

Compelling fundamentals

  1. Strong demographic potential: Sub-Saharan Africa’s population is growing at 2.7% a year, which is more than twice as fast as South Asia (1.2%) and Latin America (0.9%). That means Africa is adding the population of France (or Thailand) every two years. At the current growth rate, the continent’s population will double by 2050. The median age across the continent is 18 years, thirteen years younger than the median age in South America the next youngest continent according to the World Bank. Africa’s youthfulness represents a significant opportunity for material growth in demand for agricultural commodities. This younger generation is also being born into a "networked" world and is more comfortable using technology to achieve their goals.
  2. Improving business conditions: Africa’s governments are paying more attention to improving business conditions for entrepreneurs and small businesses on the continent. Sub-Saharan Africa’s World Bank Doing Business rank has improved by c.20 points from 45 in 2004 to 65 in 2020. Tingo believe this trend will continue and encourage establishment of more new ventures across all economic sectors including the agriculture industry.
  3. Investor appetite remains robust: Africa attracted $407 billion of Foreign Direct Investments between 2014 and 2018 (c.$80 billion per annum on average). Investments are increasingly focused on services and industrial sectors. Only 20% of investments are in extractive industries – a clear reversal from as recently as 2008 when 55% of FDI was aimed at resource extraction, Tingo believes FDI into Africa will help resolve significant infrastructure constraints and position the Agric value chain for value creation.

Nigeria is the largest economy and the most populous country in Africa and is therefore central to the continent’s growth story.

Agriculture is central to African lives and livelihoods. 60% of sub-Saharan Africans are small holder farmers and Agriculture accounts for 23% of the region’s GDP. In Nigeria, Agriculture employs 66% of the workforce and represents 26% of GDP.

Nigeria’s suboptimal agriculture productivity is driven by several factors including broken linkages with demand centres, inefficient capital allocation for purchase of inputs, and underdeveloped and fragmented access to services. Tingo aims to play a key role in resolving each of these issues.

Access to technology: Tingo is a key access point to the digital economy for millions of rural farmers in Nigeria, by providing affordable access to mobile devices and the internet.

Access to markets: Tingo users can connect with vendors and suppliers for affordable access to inputs and services. Tingo also connects farmers with buyers who purchase crops every year.

Access to Financial Services: Through Tingo Pay, its proprietary mobile wallet application, users can execute several transactions. These include credits into the Tingo Pay wallet, and transfers from the Tingo Pay wallet for bill payments and P2P (peer to peer payments). Tingo will continuing to add services to this application to meet customer needs.

Chris Cleverly, President of TINGO INTERNATIONAL HOLDINGS – "TINGO is Africa’s largest digital agricultural ecosystem and is a highly successful payment gateway. It is important that we embrace emerging technologies as they are necessary to solve the issues that burden the world such as food security and financial inclusion. We make no secret of our intention to uplist this group, or to use this platform to rapidly build our customer base in Nigeria and other African markets we will roll-out our unique offering. Global Food Security is a significant priority and our unique model will enable that priority and deliver Food Security in Africa, which powered with Coinfield will make us a very compelling proposition"

Anthony Moore, CEO of IWEB – ”It has been noted in recent years the rapid adoption and deployment of Blockchain by the Telecoms Industry and the global announcements almost weekly of the acceptance of Crypto, we feel the marriage of TINGO with Coinfield leads us into perfect position for this natural evolution in Africa. Africa is a Continent that is showing great readiness and willingness to adapt and adopt to new technologies.

With its young demographic, high smartphone penetration, lack of legacy infrastructure Africa has the greatest potential for blockchain and cryptocurrency of any region. Coinfield provides the know-how and has the history to deliver on this. TINGO with an already huge customer base will expand rapidly and will become the dominant digital payment platform in the world’s fastest growing economy”

About iWEB

IWEB, Inc., is a technology development and services company, provides coding services in various industries and markets primarily in Thailand. The company focuses on image, audio, web, and security coding technologies. Its technology enables governments and enterprises to imbed or imprint invisible digital identities to media and objects. The company’s coding technology provides the means to infuse persistent digital information to computers and digital devices into various forms of media content; and permits smartphones, tablets, industrial scanners, and other computer interfaces to identify relevant data from media content. IWEB has entered a letter of intent to acquire regulated global crypto exchange "Coinfield" which was established 2018, which was announced  as an IWBB Acquisition on 26th July 2021.

IWEB, Inc. Headquartered in Bangkok, Thailand for additional information visit: www.iweb.company

About Global Fintech Trading Limited

A group specialising in Institutional Financial, FinTech and Crypto who are to develop acquisition and investment opportunities in these fields. This is on a Global basis with their international team

See – http://www.globalfintechtrading.com

Safe Harbor Statement: This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934; and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and as such are by definition subject to risks and uncertainties.

Authorized by Fung Hok Wai, President
Contact the company: Fung Hok Wai, President, Email: kevinwai@i-l-a-g.com

Anthony Moore, CEO,  TEL 90-542-332-7666
Investor Relations and Press contact: Alex Lightman in Los Angeles
Email: Alexlightman@me.com

Tingo Mobile Contact: Rory Bowen, Chief of Staff Tingo International Email: rory.bowen@tingogroup.com

PR Newswire

Zhihu Inc. to Report Second Quarter 2021 Unaudited Financial Results on August 16, 2021

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BEIJING, July 30, 2021 — Zhihu Inc. ("Zhihu" or the "Company") (NYSE: ZH), the operator of Zhihu, a leading online content community in China, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2021, before the open of the U.S. market on August 16, 2021.

The Company’s management will host a conference call on Monday, August 16, 2021 at 8:00 P.M. Beijing Time (8:00 A.M. U.S. Eastern Time) to discuss the quarterly results.

Dial-in details for the earnings conference call are as follows:

United States (toll free):

+1-888-317-6003

International:

+1-412-317-6061

Hong Kong, China (toll free):

800-963-976

Mainland China (toll free):

400-120-6115

Participant code:

5296870

Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.zhihu.com.

A replay of the conference call will be accessible approximately one hour after the conclusion of the live call until August 23, 2021, by dialing the following telephone numbers:

United States (toll free):

+1-877-344-7529

International:

+1-412-317-0088

Replay Access Code:

10159155

About Zhihu Inc.

Zhihu Inc. (NYSE:ZH) is the operator of Zhihu, a leading online content community in China, dedicated to empowering people to share knowledge, experience, and insights, and to find their own answers. Zhihu fosters a vibrant online community where users contribute and engage while respecting diversity and valuing constructiveness by promoting a culture of sincerity, expertise, and respect developed through years of cultivation. Zhihu is China’s largest Q&A-inspired online community and one of the top five Chinese comprehensive online content communities, both in terms of average mobile monthly average users and revenue in 2020. Zhihu is also recognized as the most trustworthy online content community and widely regarded as offering the highest quality content in China, according to a survey conducted by CIC. For more information, please visit https://ir.zhihu.com.

For investor and media inquiries, please contact: 

In China:
Zhihu Inc.
Email: ir@zhihu.com

The Piacente Group, Inc.
Helen Wu
Tel: +86-10-6508-0677
Email: zhihu@tpg-ir.com

In the United States:
The Piacente Group, Inc.
Brandi Piacente
Phone: +1-212-481-2050
Email: zhihu@tpg-ir.com

Related Links :

https://ir.zhihu.com

PR Newswire

Doo Financial’s First Display On Times Square Nasdaq Tower, Establishing A Fully Disclosed Brokerage Relationship With Interactive Brokers

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HONG KONG, July 30, 2021 — Doo Financial, an online broker affiliated with Doo Group, has recently established a fully disclosed brokerage relationship with Interactive Brokers, and celebrated with a debut on the Nasdaq in Times Square, New York.

Doo Financial has recently established a fully disclosed brokerage relationship with Interactive Brokers and celebrated with a debut on the Nasdaq in Times Square, New York.
Doo Financial has recently established a fully disclosed brokerage relationship with Interactive Brokers and celebrated with a debut on the Nasdaq in Times Square, New York.

With this relationship, Doo Financial will be facilitating the development and localization of Interactive Brokers’ steadfast trading services in China, while Interactive Brokers provides reliable fundamental services to Doo Financial.

Doo Financial, The New Online Broker  

This fully-disclosed brokerage relationship with Interactive Brokers LLC is established by Doo Financial and Peter Elish Investments Securities, a subsidiary of the group based in the US. 

Doo Financial aims to provide professional investors with brokerage services in trading global securities, futures, CFDs, and many other financial products.

With leading financial technology and integrated service advantages, Doo Financial has achieved full efficiency in executing online account opening, deposit, and withdrawal, as well as trades.

Meanwhile, Peter Elish Investments Securities is 30 years old American securities firm wholly-owned by Doo Financial and is regulated by the US Securities and Exchange Commission (SEC) and the US Financial Industry Regulatory Authority (FINRA).

Such achievements enable Doo Financial to provide global investors with a convenient and reliable investment experience, unlocking a window of global financial assets.

By virtue of the fundamental support of Interactive Brokers, Doo Financials’ clients can seize global market opportunities by depositing their assets in Interactive Brokers’ dedicated custodial account, to trade in the US stock market and enjoy a wider selection of financial products.

For more information regarding the relationship, readers can view it here.

Doo Group’s Global Securities Business Map Is Taking Shape

Since its establishment in 2014, Doo Group has been dedicated to providing new trading brokerage services for financial products such as securities, futures, and CFDs to individual and institutional clients around the world, deeply involving fintech as well as innovation, and continuously expanding the global securities market.

This relationship with Interactive Brokers marks an important chapter of Doo Group’s global securities business layout and it is a key step taken by Doo Financial towards the international financial markets.

In the future, Doo Group will continue to strive with its affiliates including Doo Clearing, Doo Financial, Doo Prime, and Doo Tech to become a leading global online broker with fintech at its core.

 

 

PR Newswire

Kasisto Announces Series C Funding to Fuel Rapid Growth, Powering the Financial Services Industry with Cutting Edge Conversational AI Technology

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$15.5 Million Round Co-Led by Naples Technology Ventures and NCR Corporation

NEW YORK, July 28, 2021 — Kasisto, creators of KAI, the leading digital experience platform for the financial services industry, today announced the close of its $15.5 million Series C funding round. The round was co-led by new investors Naples Technology Vendors (NTV) and NCR Corporation with continued participation from Kasisto’s current investors, bringing the company’s total funding to date to $67 million by its industry leading group of investors.

The global conversational AI market is expected to grow from $4.2 billion to $15.7 billion by 2024* with a compound annual growth rate (CAGR) of 30.2%. The financial services industry is one of the leading sectors driving the adoption of conversational AI, with a growing demand from banking customers for frictionless, intelligent, and hyper-personalized digital experiences. The Intelligent Digital Assistant has emerged as the cornerstone of the digital banking experience, with Kasisto and its conversational AI powered platform, KAI, delivering the cognitive banking experience to more financial institutions than any other conversation AI vendor in the sector.

"The intelligent digital assistant has quickly become the centerpiece of the digital servicing and engagement strategy across the financial services industry. With KAI consistently delivering 85% containment rates, 50% reduction in customer service costs and 400% increase in digital engagement Kasisto is leading the charge to reshape this crucially important digital banking experience," said Zor Gorelov, CEO, Kasisto. "We are extremely appreciative of the support and confidence of our investors, customers and partners who continue to believe in  Kasisto’s vision. Most importantly, I want to share my deep gratitude to all Kasisto staff who have made our journey possible, and through their hard work, creativity and dedication we have found our way to this important moment in our company’s history." 

As the financial services industry is quickly making the digital experience its top priority, this funding enables Kasisto to accelerate its growth, with investments in sales, business development, marketing, strategy, and customer success functions. Naples Technology Ventures will contribute its expertise and deep knowledge of the financial services industry to help Kasisto meet the demands of its rapidly growing market. NCR Corporation, which is also a Kasisto strategic business partner, will continue to distribute KAI to its digital banking customers while helping Kasisto to develop a broader product portfolio and partner ecosystem.

"We are committed to a digital first strategy for banking that delivers innovation and amazing customer experience throughout their entire journey across all channels," said Michael D. Hayford, president and chief executive officer, NCR Corporation. "Our investment in and partnership with Kasisto provides us an opportunity to personalize experiences leveraging their AI capabilities to deliver differentiated value for our clients."

"NTV focuses on SaaS companies that are effectively leveraging advanced technologies such as AI to solve critical business problems. It was clear to the NTV team from the start that Kasisto fit this profile, but at the same we recognized how Kasisto is helping to reshape the digital experience across the financial services industry which is driving previously unimaginable outcomes across their client base. We are excited to join the Kasisto team and make this important investment." said Mike Abbaei, Co-Founder & Managing Partner, Naples Technology Ventures.

Mike Abbaei will be joining the Kasisto board and will work closely with other board members as Kasisto accelerates its rapid growth across the financial services industry.

To learn more about this important announcement and understand how Kasisto is helping to reshape the digital engagement strategy of financial institutions of all sizes, across the industry, and across the globe, read Zor’s blog at: https://kasisto.com/blog/

About Kasisto

KAI is the leading digital experience platform for the financial services industry. Kasisto’s customers include J.P. Morgan, Westpac, Standard Chartered, TD, Manulife Bank, and credit unions such as Fairwinds and Excite – and many more. These financial institutions chose KAI for its proven track record to drive business results while improving customer experiences. The platform is engaging with millions of consumers around the world, all the time, across multiple channels, in different languages, and is optimized for performance, scalability, security, and compliance. KAI is built with the deepest Conversational AI portfolio in the industry. Kasisto is headquartered in New York City, with offices in Silicon Valley and Singapore. Kasisto Singapore Pte Ltd is a wholly-owned subsidiary of Kasisto. For more information visit kasisto.com. Follow Kasisto on Twitter, LinkedIn and Facebook.

About Naples Technology Ventures

Naples Technology Ventures is a Venture Capital Firm that invests in early-stage technology and services companies. NTV looks for companies that show strong value-add and demonstrate being in emergent and/or expanding markets with both Software-As-A Service (SaaS) and/or a Services-based model. For additional information, visit www.naplestechnologyventures.comor email us at contact@naplestechnologyventures.com

* Source: Markets and Markets

Logo – https://techent.tv/wp-content/uploads/2021/07/kasisto-announces-series-c-funding-to-fuel-rapid-growth-powering-the-financial-services-industry-with-cutting-edge-conversational-ai-technology.jpg

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PR Newswire

The Infinity Group: Alternative Financing Options Spark Opportunities for African Businesses

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DUBAI, UAE, July 28, 2021 — Companies in Africa are increasingly turning to alternative methods of securing financing to more quickly grow their operations as traditional commercial capital has become more difficult to access in the current economic climate.

Demands placed on qualified start-ups with competitive business models and experienced leadership teams have greatly extended the lending cycle across many African nations. And when business loans are available the cost of capital has increased.

The Infinity Group reports that new businesses in areas such as renewable energy, technology and e-commerce, all examples of sectors poised to spark economic growth in key African markets, are turning to new funding alternatives to more quickly and effectively get businesses up and running and expand operations.

The Infinity Group is one of a number of financial service groups creating opportunities for hedge funds, pension funds, sovereign wealth groups, angel investors and others from around the world to co-op funding in well qualified and vetted early-stage companies in major African business hubs.

In the past year, for example, The Infinity Group has helped numerous fast-growing companies on the continent secure financing through its pool of international investors. This includes companies operating across a broad range of sectors in South Africa, Tanzania, Nigeria and Botswana, among others.

With this alternative financing model, The Infinity Group does all due diligence and market analysis while providing ongoing oversight and support to the companies on behalf of the investors. The companies are able to secure funding at competitive rates and extended terms while also contributing to job creation and economic growth in their local markets.

PR Newswire

WageCan Provides Best Multifunctional Digital Asset HR & Payroll Solutions

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IRVINE, Calif., July 27, 2021 — Blockchain payment adoption is growing fast because it offers an easy way to send and receive payments on a global scale. In a world where people are using the Internet for all types of services, crypto is definitely the future. Besides promising the easiest way to manage asset portfolios for all kinds of digital asset management, WageCan is taking another giant step toward providing progressive business experience solutions. We continue to expand into new areas to meet the ever-growing demand for accessible avenues to multifunctional digital asset HR & Payroll solutions simultaneously.

WageCan has launched cutting-edge multifunctional digital asset HR & Payroll solutions with a focus on miners, international companies, startups, and gig economy workers looking to pay employees or vendors online with cryptocurrency. It helps you with workforce management, benefits, compliance around the world, and provides complete automation of your HR and Payroll systems. Other than that, WageCan supplies one-stop wealth management services for users to invest in the portfolio once users receive their wages on the platform and further create considerable wealth. Here’s all you need to know about the best service WageCan offers: what it is, how it works, and why any business running in the 21st century needs to get on board this productivity gravy train.

To show you how exactly WageCan digital asset HR & Payroll systems can provide flexibility to accommodate your needs and even boost your wealth, here are the main features about us:

I. HR System:

  • Employer and employee portals and easy onboarding efficiently
  • Multiple permission settings
  • Everything is visible on the dashboard so that employers or freelancers can keep everything under control with no effort
  • APIs available for Integration
  • Track and calculate paid personal and leave requests
  • Applicant tracking in recruiting
  • Payroll Scheduling
  • Check personal salary history record
  • Cross-border payments with multi-currency support

II. Payroll System:

  1. Multi-cryptocurrency payments to employees and receive wages anywhere around the world
  2. Seamlessly shift between digital currencies/assets on the go
  3. Simplified cross-border payments for a global workforce
  4. Offer bonus or commission in cryptocurrency
  5. Instant, fast, and low-cost transaction
  6. Offer a variety of salary options:
    1. Accept a portion or all of their salaries in cryptocurrency into the encrypted wallet
    2. Deposit into prepaid debit cards or virtual cards which can be used daily
    3. Get access to WageCan digital asset investment to the mainstream with even a small percentage of the salary periodically and boost your wage
  7. Easy to pay contractors or employees living in remote areas with the options mentioned above
  8. Invest part of the salary in BTC, ETH, Stablecoins, and other DeFi projects on the WageCan platform to get enhanced earning potential property
  9. High-security on-chain, transparent, better in combating fraud, with the leading cybersecurity firm

In conclusion, cryptocurrencies strengthen globalization by removing the hurdles to hire people around the globe. WageCan’s multifunctional digital asset HR & Payroll solutions can benefit both employees and employers, allowing for more freedom over funds and fast global payments. Our goal is simple: "Build Something Great" – delivering "ease, innovation, and sophistication in one neat package." Learn more about WageCan’s mission and commitment to HR & Payroll Solutions at service@wagecan.com.

PR Newswire

Shop Anywhere with “Single-Pay” and “3-Pay” Using New Paidy App

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TOKYO, July 27, 2021 —

-Complete Entire Purchase within App, from Discovery to Payment for Smooth Shopping Experience-

Paidy Inc., Japan’s leading "Buy Now, Pay Later" provider, has announced the release of its new app that allows consumers to browse and discover the items they want across thousands of online merchants and use Paidy’s "Single-Pay" or "3-Pay" service to pay for their purchases.

Logo: https://kyodonewsprwire.jp/img/202107207927-O1-7b0W7KEn

Image: https://kyodonewsprwire.jp/prwfile/release/M106563/202107207927/_prw_PI2fl_1Z2Efa3d.jpg

With the new Paidy app, consumers can choose Paidy as their payment method at all online merchants that accept Visa. They can choose to pay next month, or in three interest-free(*1), monthly installments with 3-Pay. A "Shop & Discovery" feature has been built into the app, which allows consumers to browse stores and search for items. Consumers can also select categories they are interested in for suggestions of merchants and items that best suit their interests. By saving their favorite items in the "wishlist," consumers can set up their own, personalized shopping plan. The entire shopping experience, from discovery to purchase, is completed entirely within the Paidy app.

The expansion of merchants that accept Paidy has been achieved through partnerships with Visa and Orico.

With the mission to "Take the hassle out of shopping," Paidy aims to create an environment where everyone can shop wisely and enjoyably. Benefits such as the simple user experience, convenience of next-month single-pay or 3-pay payment, and the ability to manage their money wisely with their smartphone have attracted many consumers, with the number of accounts currently exceeding six million(*2). Paidy can be used at more than 700,000 online merchants, including Amazon and Qoo10, and with the launch of the Paidy Link service in April 2021, it is now possible to shop for the goods that they love at PayPal’s 31 million merchants around the world, all via PayPal checkout. The Paidy Plus for Apple, which launched in June and can be used to make purchases at Apple Retail Stores and the Apple Online Store, has also been well received. The revamping of its app symbolizes Paidy’s bid to go beyond a mere payment service to become the "shopping platform" that customers cannot do without. Mobile shopping is fast becoming standard, with close to 70% of online shoppers mainly using their mobile phone or smartphone to access online shopping services(*3). Paidy offers those consumers a more enjoyable and convenient shopping experience.

Russell Cummer, Founder and Executive Chairman of Paidy Inc., commented: "With the release of the new app, customers will be able to shop anywhere with Paidy. As well as paying for their purchases, they can enjoy the shopping experience itself from within the Paidy app. We believe that enjoyable shopping through Paidy’s super simple customer experience and the wise, comfortable choice of interest-free 3-pay payment will become the de facto standard for online shopping in Japan. Customers can look forward to even better things from Paidy as an innovator in E-commerce."

Paidy will continue to update the shopping experience for its customers through the provision of innovative services.

Notes:

(*1) Interest-free installment payment is available only with account transfers or bank transfers.

(*2) including Taiwan business

(*3) From Hakuhodo Institute of Life & Living’s Chronological Lifestyle Survey (2020). Percentage of respondents who answered "mainly cellphone or smartphone" to the question, "What device do you use to access (online shopping) services? (if you use the service)"

*Amazon is a registered trademark of Amazon.com, Inc. and its affiliates.