FinTech Startup Funding Alert: Memo Bank launches business offering and lands €20m

#fintech #bank #neobanks #challengerbanks #digitalbanks #lending #lendingsolutions #lendingtech #startups #smesector #smes #fundingalert #startupfunding

Formerly known as Margo Bank, the newly named Memo Bank, a French fintech, is launching its exclusive business offering, which is set to tap small and medium-sized enterprises (SMEs). Alongside its launch and lending licence, the start-up has landed a €20 million funding round led by Paris-based, BlackFin Capital Partners | Investors in Financial Services, and existing French investors, Daphni and Bpifrance Digital Venture.

The bank targets SMEs that generate over €2 million a year and houses more than ten employees. Its key focus will be on delivering paperless credit lines to businesses in just a few days, directly competing with France’s online lenders, rather than the country’s neobanks.

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Memo Bank launches business offering and lands €20m - FinTech Futures

Memo Bank has launched its business offering which is set to tap SMEs, in addition to obtaining a licence and securing a €20 million funding round.

How Hormonal Growth Factors, using Boron, Gibberellic Acid and Ethrel, can improve the yield of vegetables

#agriculture #organicfarming #farming #farmingwithminimumcost #agricultutre

I did week-end agriculture way back in 2005 to 2006 to grow vegetables, mainly bottle gourd (Loki) and bitter gourd (Karela) by only using natural organic compounds without use of any chemicals whatsoever. These vegetables are chosen as their prices don’t fluctuate during the entire period of the year.

Many farmers do not know the fact that both bottle gourd and bitter gourd plants have both male and female flowers, and yield depends only on number of female flowers. In bottle gourd the ratio is usually 11:1 i.e. there is one female flower for every 11 male flowers. Similar, in bitter gourd, the ratio is 25:1.

I wanted to see whether this sex ratio can be tweaked in favour of female flowers, using natural minerals or acids. Then I found that by spraying Ethrel and Boron (in ppm and only two or three sprays) at a four leaf stage we can change the ratio. Similarly, I used Gibberellic acid at flower stage to retain as many flowers as possible. With these methods I used to get tremendous yield and these vegetables used to be fresh even after keeping it for 10-15 days without refrigeration.

Some of the search articles on the issue:-

For the readers, I am giving links for some of the research articles on how Boron and Ethrel effects sex ratio and yield in bottle gourd and bitter gourd farming:- 

Significant increase in growth and fruit characters would be obtained by the spraying of ethrel @200 ppm at 2 and 4 true leaves for bottle gourd:- https://www.ijcmas.com

GA3 (Gibberellic Acid) @ 50 ppm was effective for enhancement in vegetative growth, fruit and seed yield and modification of sex expression while sprayed twice at three leaf stage for bitter gourd: https://www.researchgate.net

How Boron @4 ppm decreased number of days to first male, flower production, reduced male: female flower ratio for bitter gourd:  https://www.ijcmas.com 

Last but not the least, these are very cheap material available anywhere in India, which can be used to reduce the cost of agriculture and increase the yield beyond the traditional methods of agriculture.

Startup Strategy: Santander's Asto offers loans to SMEs on Funding Options

#MSME #SME #lendingsolutions #lending #credit #fintech #startups #startupstrategy

Santander’s invoice and expenses app, Asto, has partnered with alternative UK lender, Funding Options, to offer business capital loans to early-stage start-ups and small and medium-sized enterprises (SMEs).

Funding Option’s CEO, Simon Cureton, calls Asto “one of a new breed of ambitious and innovative lenders laser-focused on providing truly flexible finance solutions for businesses”.

Key takeaway:

Partnering with e-commerce giants would give lending company a better access to financial strength of the sellers on these platforms.

The above fintech venture broke into lending last year when it partnered with eBay to off loans to the 200,000 UK SMEs which sell their products through the ecommerce giant’s platform.

The app connects to eBay’s data to measure sales and cash flow to identify prospective customers and shape its credit decisioning process.

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Santander's Asto offers loans to SMEs on Funding Options - FinTech Futures

Asto, Santander's fintech app, has partnered with alternative UK lender Funding Options to offer business capital loans to early-stage start-ups and SMEs.

VORTEX developed an innovative bladeless wind turbine - A break-through in the wind energy sector

#renewableenergy #greenenergy #windturbines #bladeless #windenergy #technology #breakthrough

VORTEX has developed an innovative wind turbine that would represent a break-through in the wind energy sector. This aero-generator is a new paradigm of harnessing wind, with a disruptive technology to generate energy from the wind without blades. This may be one of solutions to generate wind energy in urban areas.

The technology seeks to optimize aerogenerator´s specifications as maintenance and operational requirements, amortization costs, noise, logistics, environmental impact and design whilst producing energy in a secure, clean and efficient way, and cheaper than current small wind turbines (SWT).

VORTEX built a 6-meters wind turbine pilot prototype in Spain, which generates up to 40% of energy solely from wind. The technology is being scaled up from small devices to medium. Their goal for the Phase 2-SMEInst is to scale-up and test a prototype up to 275 meters and 100W power.

VORTEX produces an affordable and cheaper renewable energy for our end-users: private individuals, general public, households, wind energy cooperatives, energy services companies (ESCOs), manufactures and distributors, businesses, utilities, etc.

Watch a demonstration on YouTube