Mergers & Acquisitions: Binance Acquires Crypto Debit Card Provider Swipe for Undisclosed Sum - CoinDesk

#cryptocurrency #digitalassets #acquisitions #mergersandacquisitions

Exchange giant Binance has acquired crypto wallet app Swipe that allows users to purchase items via a Visa debit card.

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Binance Acquires Crypto Debit Card Provider Swipe for Undisclosed Sum - CoinDesk

Exchange giant Binance has acquired crypto wallet app Swipe.io that allows users to purchase items via a Visa debit card. Swipe users can purchase cryptocurrencies from within the app and the debit cards automatically convert stored cryptocurrency into fiat currency, using the Visa payment network.

Quantum Cryptography Market to Witness Huge Growth by Key Players: ID Quantique, Quintes sence Labs , NuCrypt , Qasky , Crypta Labs and Others.

#quantumcryptography #cryptography #marketresearchreport

The report titled “Quantum Cryptography Market” sheds a concentrated focus on the Quantum Cryptography industry in terms of market driver, opportunities, restraints of global segmentation. Further data on the reports also includes demographic conditions, over-turning changing business cycles and analyzing country-to-market.

The Global Quantum Cryptography Market is expected to grow from US$ 101 Million in 2018 to US$ 506 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 37.9% during the forecast period.

Key Players:-

ID Quantique (Switzerland),

Quintes sence Labs (Australia),

NuCrypt (US),

Qasky (China),

Crypta Labs (UK),

Qubitekk, Inc. (US),

Post-Quantum (UK),

MagiQ Technologies (US),

ISARA (Canada),

QuNu Labs (India),

QuantumCTek (China),

Quantum Xchange (US),

Aurea Technologies (France),

qutools GmbH (Germany),

Infineon Technologies (Germany),

Mitsubishi Electric (Japan),

IBM (US),

Hewlett Packard Enterprise (US),

NEC Corporation (Japan),

Toshiba Corporation (Japan),

Microsoft (US).

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Quantum Cryptography Market to Witness Huge Growth by Key Players: ID Quantique, Quintes sence Labs , NuCrypt , Qasky , Crypta Labs, Qubitekk , Post-Quantum and Others.

The report titled " Quantum Cryptography Market " sheds a concentrated focus on the Quantum Cryptography industry in terms of market driver, opportunities, restraints of global segmentation. Further data on the reports also includes demographic conditions, over-turning changing business cycles and analyzing country-to-market. Need a Free Sample Report?

Quantum cryptography startup PQShield exits stealth - SiliconANGLE

#cryptography #quantumcryptography #security #startups #startupfunding

Post-quantum cryptography startup PQShield Ltd is exiting stealth mode armed with a suite of tools it says companies can use to safeguard computer systems and other devices from quantum-based attacks.

It also announced £5.5 million ($6.8 million) in seed funding from backers including Kindred Capital, Crane Venture Partners, Oxford Sciences Innovation and angel investor Andre Crawford-Brunt, the former global head of equities at Deutsche Bank AG.

The U.K.-based company is betting on the imminent arrival of full-scale quantum computers, which it says will pose an unprecedented problem for security due to their potential to bypass traditional public-key encryption standards.

Quantum computers are machines that use the properties of quantum physics to store data and perform computations. This can be extremely advantageous for certain tasks and gives them the potential to vastly outperform even the best supercomputers of today.

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Quantum cryptography startup PQShield exits stealth - SiliconANGLE

Post-quantum cryptography startup PQShield Ltd. is exiting stealth mode today armed with a suite of tools it says companies can use to safeguard computer systems and other devices from quantum-based attacks. It also announced £5.5 million ($6.8 million) in seed funding from backers including Kindred Capital, Crane Venture Partners, Oxford Sciences Innovation and angel investor Andre Crawford-Brunt, the former global head of equities at Deutsche Bank AG.

Indian healthtech startup 5C Network is using AI and ML to speed up radiology scan results

#healthtech #medicalscanning #remotediagnostics #remotehealthcare #startups

5C Network, a Bengaluru based healthtech startup, co-founded by Kalyan Sivasailam and Syed Ahmed in 2016, reduces the turnaround time to come out with the radiology test results - in just 42 minutes, and also ensures higher degree of accuracy. 5C Network has created an #AI technology platform, bringing together all the participants such as radiologists, hospitals, and diagnostic centres.

The radiology market is highly fragmented with these services present in hospitals, diagnostic centres. and even private clinics. According to industry reports, the Indian radiology market is estimated at a size of around Rs 45,000 crore.

In 2016, 5C Network started doing 26 radiology reports a month, and has now reached an average of 80,000. It has around 350 radiologists on its platform with 600 clients across the country.

The startup has raised around Rs 5 crore in funding till now from Unitus Ventures, Axilor, and the Centre for Innovation Incubation and Entrepreneurship (CIIE), the technology business incubator of IIM Ahmedabad. It is looking to raise another round of funding soon.

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This healthtech startup is using AI and ML to speed up radiology scan results

Few years ago, Syed Ahmed underwent an MRI scan and had to wait for three days to collect the radiology report. This triggered the idea for Syed and his friend, Kalyan Sivasailam, to create a digital platform for faster results.

Indian SaaS startup HostBooks is making financial management easy for over 45,000 businesses

#SaaS #accounting #bookkeeping #fintech

The Indian SaaS market is forecast to grow from $6 billion in 2019 to more than $20 billion by 2022, according to the India Private Equity Report 2020 by Bain and Co.

In this brouhaha of growth forecasts, HostBooks Limited, founded by chartered accountant Kapil RANA, has been quietly and steadily gathering steam. An all-in-one accounting application, HostBooks is a comprehensive platform for all accounting needs, says Kapil.

HostBooks offers products such as accounting, GST, TDS, income tax, POS and business intelligence tools for MSMEs and professionals. These cloud-based applications make integrated and automated workflow simple and user-friendly, enabling persons with minimal computer knowledge to operate and obtain the desired results. The startup charges based on annual usage of the solution and is sold on a per user basis.

HostBooks is self-funded with Kapil having invested Rs 30 crore in product development and marketing. At present, it is looking for a large round of $25 million to reach 150,000 businesses worldwide. The startup will use these funds for product research and development, marketing, sales and distribution activities as and when it raises it.

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This SaaS startup is making financial management easy for over 45,000 businesses

India's SaaS success story is being led by unicorns like Freshworks and bootstrapped icon Zoho. Be it enterprise Saas or SMB SaaS, or others, the sector is growing in leaps and bounds. In fact, the Indian SaaS market is forecast to grow from $6 billion in 2019 to more than $20 billion by 2022, according to the India Private Equity Report 2020 by Bain and Co.

French startup Synapse Medicine raises $8 million for medical intelligence platform that informs correct drug use - Tech.eu

#medtech #telemedicine #healthtech #startups #startuptech #ai #artificialintelligence #fundingalert #startupfunding

Synapse Medicine - Medication Intelligence , French creator of a ‘medication intelligence platform’ dedicated to correct drug use, has raised $8 million in a funding round led by by the MACSF, a French insurance provider for healthcare professionals, with the support of XAnge, BNP Paribas, BPI and Nicolas Dessaigne, co-founder of Algolia.

In a press release, the Bordeaux-based startup, co-founded by Clement Goehrs, Louis Letinier and Bruno Thiao-Layel, cited that medicines are responsible for 130,000 hospitalizations and 30,000 deaths annually in countries such as France. “That is the equivalent to the death toll and hospitalization numbers of the COVID-19 epidemic occurring every year in the country,” Synapse points out.

Applying AI to pharmacology, the team wants to ensure the safety of prescription drugs in the new age of #telemedicine by making information widely available — to healthcare institutions, professionals and the general public. The #SaaS platform is also used by #telemedicine companies, integrated into their own platforms as a turnkey prescription solution.

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French startup Synapse Medicine raises $8 million for medical intelligence platform that informs correct drug use - Tech.eu

Synapse Medicine, French creator of a 'medication intelligence platform' dedicated to correct drug use, has raised $8 million in a funding round led by by the MACSF, a French insurance provider for healthcare professionals, with the support of XAnge, BNP Paribas, BPI and Nicolas Dessaigne, co-founder of Algolia.

Startup Funding Alert: Last mile distribution startup Frontier Markets raises $2.25M in Pre-Series A

#lastmiledelivery #lastmilelogistics #startupbharat

Jaipur-based last mile rural distribution startup, Frontier Markets, on Monday announced that it has raised $2.25 million in a Pre-Series A funding round led by ENGIE Rassembleurs d’Energies, The Rise Fund, and The Singh Family Trusts (advised by Artha Impact), along with Teja Ventures and affiliates of Beyond Capital Fund.

Founded in 2011 by Ajaita S., Frontier Markets is a last mile-assisted ecommerce and distribution company that leverages its network of tech-enabled women agents to market, sell and service products and services across rural India.

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[Funding alert] Last mile distribution startup Frontier Markets raises $2.25M in Pre-Series A

Jaipur-based last mile rural distribution startup, Frontier Markets, on Monday announced that it has raised $2.25 million in a Pre-Series A funding round led by ENGIE Rassembleurs d'Energies, The Rise Fund, and The Singh Family Trusts (advised by Artha Impact), along with Teja Ventures and affiliates of Beyond Capital Fund.

Drone startup TropoGo collaborates with Avianco Technologies - CRN - India

#drones #startupindia #aatmanirbharbharat #insurtech #startupstrategy #deeptech

TropoGo, founded by Sandipan Sen, a Deep-Tech drone start-up has partnered with Avianco Technologies Pvt Ltd to offer integrated Risk & Insurance services to Avianco Customers.

Drones are Digital 4.0 technologies and the adoption has greatly increased primarily because of the perceived benefits across multiple sectors like Agriculture, Survey, Security and Healthcare to start with. Recent permission by Directorate General of Civil Aviation (DGCA) & multiple State Governments to conduct Beyond Visual Line of Sight #BVLOS) drone delivery experiments has opened up new possibilities.

Understating the importance of technology, Shravan V., Founder & CEO, Avianco Technologies says, “TropoGo and Avianco will bring seamless integration and superior user experience to Indian Drone Pilots.”

He further added, with detailed access of flight path, drone health, traffic congestion and various other parameters TropoGo can Co-innovate along with their Insurance partners to come up with comprehensive Risk & Fit for purpose Insurance Products of future.

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Drone startup TropoGo collaborates with Avianco Technologies - CRN - India

Read Article TropoGo, a Deep-Tech drone start-up has partnered with Avianco Technologies to offer integrated Risk & Insurance services to Avianco Customers. Drones are Digital 4.0 technologies and the adoption has greatly increased primarily because of the perceived benefits across multiple sectors like Agriculture, Survey, Security and Healthcare to start with.

Mergers & Acquisitions: Paytm, Vijay Shekhar Sharma to acquire insurance firm Raheja QBE for $76M

#mergersandacquisitions #acquisitions #insurtech #India #startups

Paytm, India’s most valuable startup, and its co-founder and chief executive, Vijay Shekhar Sharma, announced on Monday they have reached an agreement to acquire insurance firm Raheja QBE General Insurance Company Limited for a sum of $76 million as the financial services startup looks to tap the nation’s booming insurance market.

Sharma is acquiring Raheja QBE through QorQl Pvt. Ltd, a firm in which he owns majority stake with Paytm owning the remainder. A Paytm spokesperson told TechCrunch that it was an all-cash deal.

Raheja QBE, which offers insurance services to cover an individual’s health, home and vehicles, and also provides protection on commercial properties and workplace injuries, is owned by Prism Johnson (51%) and QBE Australia (49%.) QorQl is acquiring a 100% stake in Raheja QBE as part of the agreement, the two entities said.

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Paytm, Vijay Shekhar Sharma to acquire insurance firm Raheja QBE for $76M

Paytm, India's most valuable startup, and its co-founder and chief executive, Vijay Shekhar Sharma, announced on Monday they have reached an agreement to acquire insurance firm Raheja QBE for a sum of $76 million as the financial services startup looks to tap the nation's booming insurance market. ...

Financial Technology (Fintech) Market is expected to grow at 20% CAGR during the forecast period 2019 to 2024

#fintech #blockchain #TAM #fintechmarket #marketresearchreport #startups #robotics #artificialintelligence

According to BlueWeave Consulting, the global financial technology (Fintech) Market is projected to grow at a CAGR of around 20% during the estimated time period (2019-2024), reaching the market value of around $ 305 billion by the end of the year 2024.

The installment/charging administration portion is required to drive significant development in the worldwide fintech market, prompting an income age of USD 207.11 Bn by 2023. The fame of installment applications like Stripe, GoUrl, Cayan, and Amazon Pay among clients and retailers will further drive the market. Regtech is likewise expected to develop widely at a CAGR of 22.05%, after installment/charging.

Significant advances associated with the fintech area are cryptography, Artificial Intelligence (#AI), blockchain, biometrics and character the board, digital security, and robotic process automation (#RPA). Artificial intelligence interfaces and chatbots have basically reclassified client assistance, and its developing prevalence will empower AI-arranged fintech market to grow at a CAGR of 21.72% during 2018-2023, trailed by blockchain-based fintech organizations.

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Financial Technology (Fintech) Market is expected to grow at 20% CAGR during the forecast period 2019 to 2024

According to BlueWeave Consulting , The Global Financial Technology (Fintech) Market is expected to grow at a steady rate during the forecast period. The global financial technology (fintech) industry market is projected to grow at a CAGR of around 20% during the estimated time period.

Startup Funding Alert: Former NewMotion CEO invests in Mumbai-based EV charging company BrightBlu

#Startups #fundingalert #startupfunding #ev #electricvehicle #startupstrategy

Mumbai-headquartered electric vehicle charging solution company BrightBlu, co-founded by Wybren van der Vaart, Santosh Ram Somasundaram and Saket Anandkrishnan, has announced that the former CEO of EV charge point operator NewMotion, Sytse Zuidema, has become a new shareholder in the company. BrightBlu was formed in 2019, after the merger of Asia Electric, an EV charging solutions company and DrivAmp LLP, a smart charging technology provider.

With this announcement, Zuidema is now an active shareholder and director on the board of the company, BrightBlu. He has acted as the CEO of NewMotion from 2015 until April 2020 and led the company from scale-up stage to being the leading charge point operator in the European market. He provided shareholders of NewMotion with an exit in 2017 when NewMotion was acquired by Royal Dutch Shell.

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Former NewMotion CEO invests in Mumbai-based EV charging company BrightBlu

Mumbai-headquartered electric vehicle charging solution company BrightBlu has announced that the former CEO of EV charge point operator NewMotion, Sytse Zuidema, has become a new shareholder in the company. BrightBlu was formed in 2019, after the merger of Asia Electric, an EV charging solutions company and DrivAMP, a smart charging technology provider.

Mergers & Acquisitions: Unacademy Acquires PrepLadder For $50 Mn

#edtech #startups #acquisitions #mergersandacquisitions

Unacademy, India's learning platform, announced the acquisition of PrepLadder, a postgraduate medical entrance exam preparation platform for $50 million. This acquisition will further strengthen Unacademy’s presence in medical entrance examination categories such as NEET PG and FMGE. As a part of its inorganic growth strategy, Unacademy had recently acquired Kreatryx and taken over the custodianship of CodeChef.

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Unacademy Acquires PrepLadder For $50 M

Unacademy, India's learning platform, today announced the acquisition of PrepLadder, a postgraduate medical entrance exam preparation platform for $50 million. This acquisition will further strengthen Unacademy's presence in medical entrance examination categories such as NEET PG and FMGE. As a part of its inorganic growth strategy, Unacademy had recently acquired Kreatryx and taken over the custodianship of CodeChef.

Startup Funding Alert: 1mg Looks To Raise $17 Mn Debt From Existing Investors

#medtech #healthtech #startups #startupfunding #fundingalert

Online pharmacy 1mg is raising INR 133 Cr ($17 Mn) in debt from existing investors MPOF Mauritius, MAF Mauritius, HBM Healthcare Investment, AG’s subsidiary KWE Beteiligungen and World Bank’s investment arm International Finance Corporation (IFC).

1MG was launched in April 2015 after HealthKart separated its generic drug search business, HealthkartPlus, and rebranded it as 1MG. The company has three business verticals — pharmaceuticals, labs, and doctors. Its founders include — Prashant Tandon, Gaurav Agarwal, and Vikas Chauhan. This year, the company has also received INR 20 Lakh in grant from Action Covid-19 Team (ACT) to tackle Covid-19 crisis in India.

According to DataLabs By Inc42+ estimates, the Indian healthtech market will contribute $21 Bn by 2025, which is still only 3.3% of the total addressable healthcare market which is pegged to reach $638 Bn in 2025. Startups competing with 1mg in the epharmacy space include PharmEasy, Netmeds.com, and Medlife.com. With its labs and doctors vertical, the company also competes with a slew of telemedicine startups such as Practo, Lybrate, MFine, and DocsApp.

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Exclusive: 1mg Looks To Raise $17 Mn Debt From Existing Investors

1mg's investors include IFC, HBM Healthcare Investments, KWE Beteiligungen and more The company had raised close to $70 Mn Series D round led by Corisol Holdings last year 1mg has also received INR 20 Lakh in grant from Action Covid-19 Team (ACT) to tackle the virus Online pharmacy 1mg is raising INR 133 Cr ($17 Mn) in debt from existing investors MPOF Mauritius, MAF Mauritius, HBM Healthcare Investment, AG's subsidiary KWE Beteiligungen and World Bank's investment arm International Finance Corporation (IFC).

Startup Funding Alert: PiggyRide bags Rs 14 crore funding led by JAFCO Asia - ETtech

#fundingalert #startupfunding #startups #mobility #kids #children

PiggyRide, which offers cab services for kids, has raised Rs 14 crore in pre-Series A investment from JAFCO Asia, along with a new investor Artha Venture Fund.

The startup runs three products including PiggyDiscovery, which offers parents and kids a platform to browse and book extracurricular interest-based activities. It also operates an education financing marketplace, PiggyFinance that assists parents with lesser disposable income to pay off school fees in instalments.

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PiggyRide bags Rs 14 crore funding led by JAFCO Asia - ETtech

PiggyRide, which offers cab services for kids, has raised Rs 14 crore in pre-Series A investment from JAFCO Asia, along with a new investor Artha Venture Fund. The startup runs three products including PiggyDiscovery, which offers parents and kids a platform to browse and book extracurricular interest-based activities.