Thursday, May 26, 2022

Dutch BNPL fintech in3 raises $85.3 million in series B funding round

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in3, a Dutch Buy Now Pay Later (BNPL) fintech announced a $85.3 million Series B funding round from the British VC Force over Mass, U.S. institutional asset manager Waterfall Asset Management LLC and Dutch investor Finch Capital. Launched in 2018, in3 gives consumers the option to pay in three instalments without interest or other hidden costs levied. Current customers include Kwik Fit, EP, La Souris, Matt sleeps, Dekbed-Discounter among others. The news follows their $11.1m series A round just two months ago in March 2022 and takes the total funding raised to $96.4m. BNPL is a popular form of short-term financing.

Technology Innovation Institute opens pioneering research facility in UAE

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Technology Innovation Institute (TII), the applied research pillar of Abu Dhabi’s Advanced Technology Research Council (ATRC), announced that its Directed Energy Research Center (DERC) has launched a state-of-the-art facility in Tawazun Industrial Park (TIP), a regional hub for strategic businesses in the security sector offering world-class business infrastructure.

Cyberhawk and Shamal Technologies to transform major capital projects

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Cyberhawk has signed an agreement with Shamal Technologies to transform the way major construction projects are managed in the Kingdom of Saudi Arabia. Shamal Technologies is a geospatial company that delivers end-to-end data acquisition, visualization and analytics solutions that can reduce operational risk. The company is the first in Saudi Arabia to develop solutions that integrate artificial intelligence technology with unmanned systems. 

NFT marketplace Serenade launches $6m fundraise and expansion plans

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Serenade, the eco-friendly music NFT marketplace whose mission is to support artists by creating new revenue streams from unique fan experiences, has announced new investment and plans to expand its global operations following a breakthrough first six months. The firm has revealed a new $6 million (Aus) fundraise that will further fund and help grow its artist and partner roster across the United Kingdom and Australia, as well as in the United States, where the company will be entering the market and launching a dedicated office.

TransferMate secures $70m funding to further innovation in B2B payments

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TransferMate, the provider of B2B payments infrastructure as-a-service, announced a $70m funding round bringing the company to a valuation of $1bn and $130m of total funding. Railpen, one of the largest UK pension funds, managing £37 billion, participated in the round. TransferMate has grown its global licensing infrastructure and banking network to be one of the widest in the industry and has been chosen as the partner of choice to power B2B payments products for some of the largest software platforms, innovative banks and Fintechs in the world. This funding round which consists entirely of primary capital will be used to expand its teams globally and further invest in its technology innovation and product suite.

Cloudflare joins EU Cloud Code of Conduct, achieves new certifications

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Cloudflare, Inc., the security and reliability firm helping to build a better Internet, announced it has joined the EU Cloud Code of Conduct (EU Cloud CoC) General Assembly, to raise the impact of trusted ecosystem and encourage firms to adopt GDPR-compliant cloud services. Cloudflare also announced that it has achieved two cloud security certifications: ISO/IEC 27018:2019 and C5 – Cloud Computing Compliance Criteria Catalog – by the Federal Office for Information Security in Germany. The EU Cloud Code of Conduct brings trust to the cloud computing market, aiding firms to source cloud services from GDPR-compliant providers.

NSM celebrates 30th anniversary with International Museum Day Forum

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On May 17, China National Silk Museum (NSM) launched the International Museum Day Forum on the theme of “The Power of Museums: Research, Collaborations, and Community.” Dr. An Laishun, VP of ICOM, Dr. Kate Seymour, Chair of ICOM International Committee for Conservation (ICOM-CC), Corinne Thépaut-Cabasset, Chair of ICOM COSTUME, Prof. Sally Yerkovich, Chair of ICOM Standing Committee on Ethics, Prof. Marie Louise Bech Nosch, President of Royal Danish Academy of Sciences and Letters, Mr. Xudong Wang, Director of The Palace Museum, and many other scholars all participated and gave presentations.

Grovara partners with Dubai Global Connect, establishes Middle East HQ

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Grovara, the wholesale experience, announces it has signed a lease agreement and become incorporated to do business in Dubai as part of a partnership with Dubai Global Connect (DGC), a wholesale market that facilitates business between international buyers and sellers.

Azul announces rapid expansion in China, doubling clients and workers

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Azul announced that it has rapidly expanded throughout China, doubling its customers, partners and employees in the country. Chinese companies are increasingly selecting Azul to improve the performance of their banking, securities trading, mobile and ecommerce applications, as well as to reduce infrastructure and cloud costs and improve profitability.

AGIC Capital announces acquisition of a majority stake in Grafotronic AB

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AGIC Capital, the European-Asian private equity fund focused on investments in high quality industrial and medical companies announced the acquisition of a majority stake in Grafotronic AB and its subsidiaries (Grafotronic), a global manufacturer of roll-to-roll automated manufacturing solutions, from its current shareholders, for an undisclosed amount.