Eurasia

30% of UK workers believe they lack the skills needed in today’s workplace. We know the skills gap is a problem here in the US – new research from the United Kingdom highlights that organizations need to commit to relevant training and development to solve this problem. Questionmark, the online assessment provider, surveyed the UK workforce against the skills identified by the World Economic Forum (WEF). The survey identified the disconnect between the skills needed in the future and the current confidence levels amongst UK workers. It also highlighted the areas where inadequate training and support are holding workers back.

The Ministry of Communication and Informatics (Kominfo) announced its partnership with fintech training platform 10x1000 Tech for Inclusion to recruit local talents to enroll in 10x1000’s Flex Fintech Foundation Program. This deal forms part of Kominfo’s Digital Entrepreneurship Academy (DEA) program, which aims to nurture talents to accelerate digital transformation in entrepreneurship, with a target of 60,000 people being trained in 2022.

monday.com, a work operating system (Work OS) where organisations of any size can create the tools and processes they need to manage every aspect of their work, has opened a new, larger office in London as it continues to expand in the United Kingdom and globally.

Hong Kong-based Varcis Group, Melbourne’s Australian Sports Technology Network (ASTN) and Mumbai-based HiG Sports strike a partnership to enable APAC market access for companies across Australia, India, Singapore, Hong Kong, Korea, and Japan.

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 (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 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. 

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, 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, 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.