Friday, September 30, 2022

Payhawk becomes first ever Bulgarian unicorn after raising $100m

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Payhawk, the payment and expense solution with offices in London, Sofia, Berlin, and Barcelona, has raised an additional $100m to extend its Series B round to $215m. The Series B extension means that the company hits a valuation of $1bn, making Payhawk the first ever Bulgarian company to achieve unicorn status. The company plans to become a catalyst for the Bulgarian startup ecosystem, and continue to attract and retain the top 1% of talent in the market.

TOKEN2049 returns to Asia with Formula One’s Singapore Grand Prix

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TOKEN2049, the premier crypto conference, announced the return of its Asia edition. Debuting at Marina Bay Sands, TOKEN2049 is returning on 28-29 September 2022 in conjunction with the Formula 1 Singapore Grand Prix 2022, ahead of the race weekend.

Elliptic strengthens Asia presence after hiring MAS Veteran Tung Li Lim

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Elliptic, a leader in crypto risk management appointed Tung Li Lim as Senior Policy Advisor. The regulatory landscape in Asia is rapidly evolving as each jurisdiction seeks to enable innovation, while safeguarding the stability of its financial system.

Manchester United selects Tezos as blockchain and training kit partner

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Manchester United announced a landmark partnership with Tezos, an advanced and sustainable blockchain to feature on their range of men’s and women’s training kits.

Oxford Economics confirms beer’s significant global economic impact

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The worldwide report to assess the beer industry’s global economic impact found that 1 in every 110 jobs in the world is linked through direct, indirect, or induced impact channels to the beer sector, and supported $555bn of gross value added (GVA) to global GDP in 2019.

Half of service agents admit to botching customer service calls

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The global study, conducted by research firm Savanta, surveyed customer service agents from six countries in the Americas, Europe, and Asia-Pacific to uncover the difficulties they have helping customers and the resulting negative effects on customer outcomes.

Tradeplus24 launches into UK with close of £30m debt facility from PFG

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Global SME lending fintech Tradeplus24 is launching into the UK with the close of a £30 million debt facility provided by San Francisco-headquartered global credit fund, Partners for Growth (PFG), with advice offered by debt advisory, Neu Capital. The funds will be used to rapidly scale Tradeplus24’s highly competitive revolving lines of credit for SMEs across the UK, after already experiencing great success with SMEs across Switzerland, The Netherlands, and Australia.

Airmeet, an event engagement platform raises $35m in series B

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Event-led engagement platform Airmeet announced raising $35m in Series B funding. The platform’s new investors include Prosus Ventures, Sistema Asia Fund, RingCentral Ventures, KDDI Open Innovation Fund, DG Daiwa Ventures and Nexxus Global. They participated alongside existing investors Sequoia Capital India and Accel India.

Startup PlayHQ marks European expansion with RefAssist partnership

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PlayHQ, a fast growing cloud-based community sport platforms, announced a partnership with RefAssist, a global online solutions provider for referee and official management. PlayHQ is reinventing community sport by replacing decades of unreliable legacy systems, spreadsheets and paper-based processes with a seamless, mobile-first digital experience that allows communities to focus on the sport they love, not arduous manual processes.

Testsigma raises $4.6m to launch open source test automation platform

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With a mission to make test automation simple and scalable, Testsigma has secured a $4.6M seed funding led by Accel and STRIVE, with participation from BoldCap and a host of well known entrepreneurs and operators.