Category: Fintech

• Strive EU Innovation Fund aims to help small businesses through digital tech
• Investment in Irish SMEs reached record levels but fell by 16% in the last quarter
• Strive EU Innovation Fund offers equity-free grants of up to €500,000 for digital solutions
• Projects eligible for the fund should focus on key areas like cybersecurity and AI integration
• Dalal emphasizes the importance of digital technology in empowering small businesses and narrowing economic divides

Unlocking Working Capital and Credit through Embedded Finance

In today’s fast-paced business world, access to working capital and credit is crucial for the growth and sustainability of small businesses. Read more

• UK Government approves £37.3 million funding for mobile phone technology in Nigeria and other developing countries
• Funding aims to help more people access mobile and digital technologies to improve livelihoods
• Programme, in partnership with GSMA and private sector, focuses on women, climate change, and innovative solutions
• Previous UK funding initiatives have benefited millions, including digital hub in Pakistan and digital skills training in Uganda
• Partnership between FCDO and GSMA aims to drive socio-economic impact through digital innovation, benefiting over 127 million people

UK Funding Boosts Mobile Phone Technology in Nigeria and Developing Countries

Mobile phone technology continues to be a driving force in transforming lives and creating opportunities, especially in developing countries like Nigeria. Read more

• Theia Insights secures Series A funding to revolutionize the $100 trillion investment industry with AI, backed by Unusual Ventures, Fidelity, and Clocktower Ventures.
• Founded by Ye Tian, Theia Insights combines AI, machine learning, and natural language processing to transform investment technologies.
• The team includes professionals from prestigious institutions like Nasdaq and UC Berkeley, focusing on dynamic industry classification and portfolio analysis tools.

• Mews secures $110 million in funding round for global expansion of its Hospitality Technology Solutions, led by Kinnevik and joined by Revaia, Goldman Sachs Alternatives, Notion Capital, and new investor LGVP.
• The funding round highlights Mews’ impressive growth, with over 60% increase in revenue year-on-year, surpassing $100 million in annualized net revenue, and facilitating over 16 million annual check-ins at hotels worldwide.

• HCL Group has invested Rs 166 crore in edtech firm Education Initiatives
• Education Initiatives plans to expand to new markets in South Africa, Kenya, Ghana, and Saudi Arabia
• The firm currently operates in India, UAE, South Africa, and Singapore
• Education Initiatives aims to acquire edtech product companies focused on improving learning outcomes
• The firm claims to have over a million paid users for its offerings

HCL Group Investment in Education Initiatives: A Strategic Move

In a significant move, the HCL Group has invested Rs 166 crore in the Bengaluru-based edtech firm, Education Initiatives.

• Seed funding expansion: Ubirider secures $1.95 million for global growth of MaaS platform
• Funding sources: Techtree Investments, Cedrus R&D III, Grupo Barraqueiro, and angel investors
• Platform innovation: Facilitating seamless transport, information, and payment flows with open-loop digital ticketing
• Market potential: Global mobile payment technologies market projected to reach $2 trillion by 2030
• Strategic partnerships: Collaborations with Mastercard, Deloitte, and Payshop for contactless payment solutions in public transit

Seed Funding Secured for Global Expansion

In a significant move towards revolutionizing urban transport, Ubirider, the innovative mobility fintech firm, has successfully secured $1.95 million in seed funding. Read more

• UK funding of £37.3 million supports Mobile for Development Programme to enhance livelihoods globally
• AI technology aids farmers in Nigeria with real-time agricultural advice
• Funding helps scale up digital hub in Pakistan and digital skills training in rural Uganda
• Partnership between UK and GSMA Mobile for Development Foundation has improved the lives of over 127 million people
• GSMA’s Climate Resilience and Adaptation Fund, funded by UK, supports projects using technology to combat climate change

How UK Tech Funding Transforms Livelihoods in Developing Countries

UK tech funding is making a significant impact on the livelihoods of people in developing countries, particularly through innovative mobile phone technology. Read more

• Zactor Tech secures pre-seed funding of $3 million, aiming to revolutionize personal finance with innovative solutions.
• Founded in 2023 by Abhishek Walia and Shivam Parihar, the platform targets High Net Worth Individuals for financial backing.
• The company plans to redefine personal finance management by offering services for investment, insurance, and retirement planning.
• Zactor Tech has shown significant growth with a doubling monthly user growth rate over the past six months.

• Gridcog’s clean energy project assessment and simulation platform secures £3.3M funding, enabling companies to determine the best clean energy solution for their needs.
• Gridcog’s platform provides a holistic view of energy resources, including solar, wind, battery storage, EV fleets, and charging infrastructure, across multiple sites and energy markets.
• Companies like Shell, Mitie, and EY use Gridcog to manage multi-asset, multi-site projects in various countries.

• Zactor Tech secures pre-seed funding at $3 million valuation
• Funding co-led by High Net Worth Individuals (HNIs)
• Funds to be allocated to product development, user acquisition, and financial literacy initiatives
• Co-founded in 2023 by Abhishek Walia and Shivam Parihar
• Platform offers goal-based saving system, reports 2x monthly user growth

Zactor Tech Secures Pre-Seed Funding at $3 Million Valuation

In the fast-evolving landscape of financial technology, Zactor Tech has made waves by securing pre-seed funding at a valuation of $3 million. Read more

• HSBC and Google collaborate to provide a $1 billion boost for climate tech companies
• Google vets and selects climate tech firms for financing by HSBC to reduce carbon output
• HSBC aims to accelerate funding for climate solutions, meeting a $1 billion target by 2030
• The partnership’s first financing deal supports LevelTen Energy, a renewable energy marketplace
• The collaboration aims to connect customers with climate tech firms to facilitate sustainability transition

Collaboration Between HSBC and Google for Climate Tech Funding

In a groundbreaking move towards combating global pollution, HSBC and Google have joined forces to provide a significant financial boost of $1 billion for technology companies dedicated to tackling the climate crisis. Read more