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Chinese e-commerce giant JD.com has started quietly piloting its cross-border platform Joybuy in the UK, marking its push into the European market. The move signals JDs ambitions to capture a slice of the UKs 127 billion ($163 billion) retail e-commerce market in 2024 the third-largest globally.
Policybazaar has raised $75 million as the Indian online insurance platform looks to expand its presence in UAE and Middle East. In a recent report, analysts at Bernstein estimated that Policybazaar commands 90% of share in the online insurance distribution market. The platform also sells loans, credit cards and mutual funds.
One Impression, an Indian influencer marketingplatform that does business in markets including Indonesia, Dubai, Europe and the U.S., The Gurugram-based startup is building an Amazon-like platform to help brands quickly find relevant influencers for their marketing campaigns.
The funding is coming at a high-watermark moment for edtech — with the shift to remote learning in the last year of pandemic living highlighting the opportunity to build better tools to serve that market, and a number of startups in the category subsequently raising hundreds of millions of dollars to tackle the opportunity.
Qureos , a UAE-based edtech and remote work marketplace that is changing how people upskill and get jobs across the globe, plans to grow the uptake of its platform by 10 times this year in its race to create 100 million jobs over the next few years. As such, you learn from peers and from the best in the world,” said Epure.
Silkhaus , a Dubai-based platform for short-term rentals coming out of stealth, has raised $7.75 CEO Aahan Bhojani and Ashmin Varma founded Silkhaus last year after identifying a $13 billion market opportunity for asset owners across emerging markets, particularly MENA, South Asia and Southeast Asia.
We’ve had a busy few months in the Middle East and Northern Africa (MENA) building great relationships with important customers in the region and working closely with critical partners that will act as managed service providers helping us as we bring the value of AI to that market. Why DataRobot?
Zenda , a UAE-based startup looking to change how parents pay school bills, and the way educational institutions manage fee collection, is eyeing Africa as its next frontier for growth. Qureos raises $3M to grow its learn to earn platform. million seed funding it has raised.
The United Arabs Emirates (UAE) and Saudi Arabia became the first member states to adopt the treaty in 2018, and its implementation meant that for the first time businesses in these territories were required to file VAT returns periodically. Wafeq is a ratified provider in Saudi Arabia, and the UAE (e-invoicing is not mandatory there yet).
Micro and small businesses in emerging markets still struggle to access digital payments for several reasons. based fintech Nomod allows these businesses to bypass the card terminal by providing a platform to accept card payments on their phone with no extra hardware. Australia and Asia.
Nvidia kicked off the AI race by providing the computing power with its market-dominating graphics processing units (GPUs). Now, as its customers chase human-level intelligence, its groundbreaking Blackwell processor and platform is ready. enterprise market during 2024. But one company is already reaping the rewards. Gemini 2.0
With supply chains in the automotive industry continuing to be disrupted due to Covid-19, demand has surged in the used-car market. Cars24 claims to have a 90% share of India’s used-car market, and it’s gotten there by way of technology. It plans to add to that list with its next markets in Southeast Asia, Jangid confirmed.
As the restaurant industry across different cities was massively hit by the pandemic-induced lockdowns last year, food aggregator platforms helped by driving online customers to them. Here’s how the platform works. Since launching in Egypt, Koinz has expanded to Saudi Arabia and the UAE. Koinz is one such startup in Egypt.
MAX ) is planning to enter more markets across Africa as it races towards formalizing the continent’s transportation sector after securing $31 million in Series B funding. The latest funding round that was led by global private equity platform, Lightrock, which is making its first investment in the African mobility space.
With $23 million in new backing, the company now plans to take its platform to other countries looking to get their drone industries off the ground. But unlike other companies marketing their services as software for drone pilots, Airspace Link is positioning itself as an infrastructure provider at the state and local level.
The platform they’ve been using is Seed Checks. A growing market : Christine writes that Italy’s ban on cultivated meat could set the industry back. Spera raises $10 million for its identity security posture management platform, Frederic reports. The app is then blasted to 16 investors. Is that you, Bob?
Nigeria-based health tech startup Helium Health has acquired Meddy , a Qatar-headquartered and UAE-based doctor booking platform for an undisclosed amount. However , most platforms in the GCC have use cases that are more vertical than horizontal. Helium Health.
Egypt and Dubai-based auto tech startup Odiggo is a platform addressing this problem. Then for the suppliers, it increases their sales and reaches more customers without necessarily spending on marketing. Over 50,000 car owners across three markets — Egypt, the UAE and Saudi Arabia — use Odiggo.
Recent research suggests that the e-commerce market in Saudi Arabia, UAE and Egypt account for a combined $21.4 FlapKap , using its revenue-based financing platform (RBF), is helping these stores solve the growth-destructive challenges emerging online stores encounter when trying to meet customer demands.
the corporate spend space is getting increasingly competitive, with several startups clamoring to gain market share. But in the Middle East, the market is far less crowded. That has accelerated card acceptance –– with 90% card acceptance rates in the UAE and Saudi Arabia by some estimates — in the region. and the UAE.
Invygo, a startup operating in UAE and Saudi Arabia, has raised $10 million in its Series A funding led by MEVP as it works to scale its car rental service in the region. On the platform, the company provides car details like model number, year of the make, and kilometers the car has clocked. million to date.
Trendyol , an e-commerce platform based in Turkey, has raised $1.5 General Atlantic, SoftBank Vision Fund 2, Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qatar Investment Authority co-led the round. . billion in a massive funding round that values the company at $16.5 The deal marks SoftBank’s first in the country.
Gen Zs in the UAE spend about AED 5B+ every year, and still rely on cash or their parents’ cards despite having options like supplementary cards issued by their parents’ banks. The app brings convenience to parents too as it enables them to send money to their children, and to monitor their spending and saving habits.
By leveraging this investment, we will capture broader Japanese market opportunities. This acquisition is the first step in an inorganic strategy to ultimately apply Riiid’s AI technology to the global market and help more learners around the world.” . The company expects to address local remote learning and education in the market.
Jordan-based online learning platform Abwaab has raised $20 million in a Series A funding round (following a $5 million seed round in March of this year), making it one of the most funded edtech startups in the Middle East, North Africa and Pakistan (MENAP), a region that encompasses 160 million students. Abwaab on tablet.
Tabby , the Dubai-based buy now, pay later (BNPL) platform that lets users shop, pay later and earn cash from over 3,000 global brands, including Adidas, IKEA and Bloomingdale, has completed a Series B extension of $54 million. Its two main markets are Saudi Arabia and the UAE. The company has over 1.1
In 2018, he and Akintola Adesanmi — who was no stranger to how rent worked in Nigeria and also desired to effect change — brainstormed Spleet , a platform that partners with apartment owners to list their properties and offers renters options to pay rent monthly, quarterly and biannually.
Mylerz , a Cairo-based e-commerce fulfillment startup, plans to enter three new markets in North Africa and expand across Egypt over the next three months against the backdrop of the $9.6 Our immediate plan is expanding across Egypt, opening new markets and facilitating cross-border trade for our customers.
In 2022, SupPlant’s aim is to get more than a million African and Indian smallholders on its platform. “Our main markets — that is, where most of the sales teams are located — are Australia, Mexico, South Africa and Argentina. Our solution enables the UAE to save 70% of its water consumption.
Each payment integration requires in-house technical work and the remodeling of one’s platform to fit their plugins. . It’s an extensive process that has seen some Big Tech companies build dedicated teams to manage different connections, data and cycles with the payments gateways in the markets where they are present. In the U.S.,
Being an enthusiast of the food tech space, El Daly began to explore market gaps and saw an opportunity in using technology to help restaurants and food brands make a return on investment while maintaining their quality of service. These clients are charged a percentage of their revenues, including aggregation, marketing and procurement fees.
In addition, Volopay will hire aggressively in each of its new markets. . Volopay’s platform provides startups and enterprises flexibility by issuing virtual and/or physical prepaid multicurrency corporate cards in their local currency (SGD, AUD, INR, IDR, PHP, etc) with up to 5% cashback on all card transactions.
Dubai-based startup Stake is offering retail investors from across the globe to buy fractions of rental property in UAE’s marquee city and earn regular income. The startup, found in 2020, claims that because of Dubai’s real-estate rules it has managed to attract investing users on the platform from over 80 countries in the world.
Founder and chief executive officer Khaled Zaatarah launched VUZ, formerly 360VUZ, as a platform to bridge the gap between physical and virtual worlds by offering premium immersive content to a global audience. The web3 platform claims to have reached over 1 billion screen views from over 10 million users since its launch.
based VCs Global Founders Capital (GFC) and Goodwater Capital and UAE-based early-stage firm VentureSouq. They say the platform has been launched in Sudan but declined to give specific numbers of customers actively using the product. The plan is to scale in the country and then expand to other markets,” Ismail stated. “We
Until last September, Tabby, which allows users to shop with flexible payments online and in-store from global brands, including H&M, Adidas, IKEA, noon and Bloomingdale’s, was active in Saudi Arabia, UAE and Kuwait. Consumer demands differ across regions and noting the nuances behind each market is adequate for survival as a fintech.
Following this growth, it is planning on expanding to Egypt and the UAE, while doubling down on Saudi Arabia, against the backdrop of $5 million pre-Series A funding it has raised, in a round led by Europe-based VC Speedinvest, which marked its debut into Saudi Arabia, and RAED Ventures, with participation from MENA focused VC firm Wamda Capital.
While incumbents have pioneered various enterprise resource planning (ERP) systems to digitize these processes, companies would still get four to five different software platforms to complete multiple tasks. Some are marketplaces or brokerage platforms connecting shippers with trucks, such as Trella.
Cross-border logistics company iMile Delivery has recently entered the Italian market and established its European headquarters in Germany, becoming the first Chinese express delivery startup to enter Europe, according to an August 7 report by Chinese media outlet LatePost. The company targets the Middle East delivery market.
Zypp Electric, an Indian startup that offers an EV-as-a-service platform catering to e-commerce companies and gig workers, has received a $25 million investment led by Taiwan’s battery-swapping giant Gogoro. “I don’t think that one player can address the entire market.
Kikoff is hiring for 10 roles (a mix of hybrid and remote), including senior product manager, associate product manager, senior product designers, engineers and a growth marketing manager. Today, it has about 850 clients and over $4 trillion in client assets on its platform. In June of 2021, the company raised $150 million at a $2.17
As we all know, the housing market goes through cycles. Prospective home buyers, turned off by the rate surge as well as the competitive and overheated housing markets, began to reconsider their plans, as buying was suddenly far less appealing. Low interest rates mean more purchases and refinances. Fintech for good? Weekly News.
In announcing the deal, they said: “DeFi-enabled B2B payment networks that are on chain can unlock transformative working capital efficiencies, and make financial services more fair and open, especially in developing markets like LATAM.”. We are starting to see some of the public market valuations impact private market valuations.
Indian fitness platform Ultrahuman is expanding its wearable portfolio by launching a smart ring to boost its ability to provide tech loving ‘biohackers’ — and, it hopes, health-concerned Boomers — with more insightful metabolic insights. “Different platforms optimize for different things.
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