Huma Raises USD38Mn Funding To Hyperscale PayFi Network
Huma, the first Payment Financing (PayFi) network, recently announced that it has raised $38 million in funding. Distributed Global led the equity round, with significant participation from Hashkey Capital, Folius Ventures, the Stellar Development Foundation, and TIBAS Ventures, CVC arm of İşbank, the largest private bank in Turkiye. According to Industry sources, a part of this raise […]
SoftBank Corp. And Intelsat Forges Alliance To Build Everyday Network
SoftBank Corp. (“SoftBank”) and Intelsat have recently announced the signing of a groundbreaking collaboration agreement that will power the launch of a single “ubiquitous network” that will permit clients to stay connected wherever they are. According to Industry sources, this collaboration between SoftBank and Intelsat will jointly trigger the research and development of seamless 5G connections between […]
Dr. Yooni Kim Elected As NovoTech Executive President For APAC Region
Novotech, an international contract research organization (CRO), recently announced the appointment of Dr. Yooni Kim as Executive President, of Asia Pacific (APAC), with effective September 1, 2024. According to Industry sources, Dr. Yooni Kim brings extensive expertise and leadership experience to her new role with over 25 years of experience in academic research, CROs, and […]
TransTech Group Acquires Koch Heat Transfer
TransTech Group, a leading portfolio company of Bridge Industries (Bridge), recently announced the acquisition of the North American business of Koch Heat Transfer (KHT), a global leader in the design and manufacture of heat transfer equipment and technologies, by its subsidiary Metalforms. According to Industry sources, Metalforms, a long-time partner of KHT, will continue to manufacture KHT brand’s North […]
Geodis To Procure 3,700 Seasonal Workforce For Its US And Canada Bases
Emarketer noted U.S. holiday sales in 2023 increased 3.9% year-over-year as consumer spending grew even amidst uncertain economic times, and a similar pattern is projected for this year. According to Industry sources, Emarketer thinks of a substantial 4.8% increase in holiday retail sales for 2024, displaying continued growth despite factors such as inflation and consumer price […]
Drip Capital Capitalizes USD 113Mn In Latest Funding To Trigger Expansion
Drip Capital, a leading digital platform for trade finance, has recently secured $113 million in latest funding. This comprises $23 million in equity from Japanese institutional investors, GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC), and $90 million in debt financing, powered by the International Finance Corporation (IFC) and East West Bank. According to Industry sources, Drip has witnessed remarkable expansion, […]
Reolink Launches Altas PT Ultra, Battery Powered Camera With 4K HD Recording
Reolink, a branded smart security solutions provider, recently unveiled its latest offering, Altas PT Ultra, an industry-leading 4K UHD continuous recording battery-powered camera, at IFA Berlin 2024. According to Industry sources, the firm also launched its latest brand campaign that boosts its commitment to securing and enriching family life through pioneering user-centric innovation. Industry sources added that […]
MYBank Inaugrates AI-Powered System To Boost SME Money Management
MYbank, a leading digital bank in China and an associate of Ant Group, recently launched its AI-enabled system (Cuckoo System) for small and micro-sized enterprise (SME) money management systems. The inauguration happened at the 2024 INCLUSION Conference on the Bund. According to Industry sources, the system displays the cash flow of SMEs across various industries, […]
Bureau Veritas Acquires ArcVera Renewables To Expand its Renewables Sector in the Americas
Bureau Veritas, a global leader in Testing, Inspection, and Certification services, recently announced the acquisition of ArcVera Renewables, a specialized provider of finance-grade consulting and technical services for wind, solar, and battery storage projects worldwide. This acquisition is aligned with Bureau Veritas LEAP | 28 strategy to create a new stronghold in the fast-growing sector of renewables. […]
Syngenta Biologicals And Provivi Form Strategic Partnership On Latest Pheromone Solutions
Syngenta Biologicals and Provivi recently announced a partnership to develop and commercialize the latest pheromone-based biological solutions to effectively and more safely control detrimental pests in corn and rice – crops that serve as a primary food source for 3.5 billion people globally. The partnership brings together Provivi’s expertise in pheromone-based crop protection solutions with […]
