Rabobank

1982 Ventures backs Indo AgriTrading Marketplace PasarMIKRO

Retrieved on: 
Thursday, January 13, 2022 - 4:00pm

JAKARTA / SINGAPORE, Jan 14, 2022 - (ACN Newswire) - 1982 Ventures has invested in PasarMIKRO, an Indonesian-based Agri Commodity Marketplace startup that empowers disadvantaged farmers by simplifying transactions for both farmers and traders.

Key Points: 
  • JAKARTA / SINGAPORE, Jan 14, 2022 - (ACN Newswire) - 1982 Ventures has invested in PasarMIKRO, an Indonesian-based Agri Commodity Marketplace startup that empowers disadvantaged farmers by simplifying transactions for both farmers and traders.
  • - PasarMIKRO has raised funds from 1982 Ventures and prominent angels.
  • Herston Elton Powers, Managing Partner of 1982 Ventures stated, "Unlike other platforms, PasarMIKRO works with the entire supply chain to enable more efficient agricultural financing and transactions.
  • 1982 Ventures is investing in and supporting the best founders to positively impact the future of financial services in Southeast Asia.

Rabobank: Alcohol E-Commerce Sales Surpass $6 Billion in 2021, Will Continue to Grow

Retrieved on: 
Tuesday, January 11, 2022 - 1:00pm

The "2022 Alcohol E-commerce Playbook" is the most comprehensive analysis of the U.S. alcohol e-commerce landscape on the market.

Key Points: 
  • The "2022 Alcohol E-commerce Playbook" is the most comprehensive analysis of the U.S. alcohol e-commerce landscape on the market.
  • "Companies that fail to proactively invest in their e-commerce teams will struggle to remain relevant and retain market share."
  • For example, at the end of 2019, only 200 Walmart locations delivered alcohol, but by the end of 2021, there were 1,500 delivering alcohol.
  • Alcohol sales in the channel are expected to grow 15% in 2022, according to Rabobank estimates.

iProov Announces $70M Investment from Sumeru Equity Partners

Retrieved on: 
Thursday, January 6, 2022 - 1:00pm

iProov , the world leader in online biometric face authentication, today announced a $70 million (USD) growth investment from Sumeru Equity Partners (Sumeru).

Key Points: 
  • iProov , the world leader in online biometric face authentication, today announced a $70 million (USD) growth investment from Sumeru Equity Partners (Sumeru).
  • View the full release here: https://www.businesswire.com/news/home/20220106005131/en/
    iProov Announces $70M Investment from Sumeru Equity Partners.
  • This investment by one of Americas leading growth funds recognizes the preeminent position we have established, said Andrew Bud, Founder and CEO of iProov.
  • Kyle Ryland, Managing Partner of Sumeru, is joining the existing iProov board.

Lineage Logistics Announces $1.7 Billion in New Equity to Fuel Supply Chain Innovation and Growth

Retrieved on: 
Tuesday, January 4, 2022 - 1:00pm

Lineage Logistics, LLC (Lineage or the Company), the worlds largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced it has raised $1.7 billion in equity from new and existing strategic partners.

Key Points: 
  • Lineage Logistics, LLC (Lineage or the Company), the worlds largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced it has raised $1.7 billion in equity from new and existing strategic partners.
  • As we head into 2022, this new equity gives us even more confidence in our ability to drive future growth opportunities for our business, the industry, and the wider food supply chain.
  • The new capital will strengthen Lineages balance sheet and will fuel Lineages investments in industry-leading technology, including automation and proprietary software tools that help to improve supply chain efficiencies.
  • Since 2008, Bay Grove has built Lineage Logistics through acquisitions and investments completed in partnership with entrepreneurs, customers and employees.

The Evolution of Cyber Insurance in 2021 Through the Lens of expert.ai's Artificial Intelligence

Retrieved on: 
Monday, December 20, 2021 - 2:00pm

BOSTON, Dec. 20, 2021 /PRNewswire/ --Expert.ai (EXAI:IM), the premier artificial intelligence (AI) platform for language understanding , today released a new Expert IQ Report, " How Cyber Insurance Has Evolved in 2021 ."

Key Points: 
  • BOSTON, Dec. 20, 2021 /PRNewswire/ --Expert.ai (EXAI:IM), the premier artificial intelligence (AI) platform for language understanding , today released a new Expert IQ Report, " How Cyber Insurance Has Evolved in 2021 ."
  • With deep understanding of any kind of document (presentations, contracts, emails, claims, reports, posts, social media messages, etc.)
  • For "How Cyber Insurance Has Evolved in 2021," expert.ai analyzed a sample of approximately 1,130 articles, published in a range of insurance industry outlets between January 2021 and November 2021.
  • " How Cyber Insurance Has Evolved in 2021 " is available now for download.

Bunge Refinances its $1.75 Billion Revolving Credit Facility Tied to Enhanced Sustainability Linked Targets

Retrieved on: 
Thursday, December 16, 2021 - 9:05pm

Bunge (NYSE:BG) has closed on the refinancing of its US$1.75 billion, three-year revolving credit facility.

Key Points: 
  • Bunge (NYSE:BG) has closed on the refinancing of its US$1.75 billion, three-year revolving credit facility.
  • The transaction, done through Bunge Finance Europe B.V., a wholly owned subsidiary of Bunge Limited, refinances the companys existing facility which was converted into Bunges first ever sustainability-linked loan on December 16, 2019.
  • As an early adopter of sustainability-linked loan mechanisms, we created a meaningful connection between Bunges capital structure and our sustainability strategy.
  • We are pleased with the progress our team is delivering against our annual ESG targets, which gives us the confidence to enhance the targets linked to this facility.

iProov Reports Record Year As Demand For Secure Online Identity Verification Soars

Retrieved on: 
Thursday, December 16, 2021 - 7:00am

iProov , the world leader in biometric face authentication, today announced yet another record year of growth as global demand for online identity verification continues to soar.

Key Points: 
  • iProov , the world leader in biometric face authentication, today announced yet another record year of growth as global demand for online identity verification continues to soar.
  • In addition, iProov delivered more than 1 million verifications in a single day several times throughout the year.
  • That higher mission is what drives everyone at iProov to work in such a focused and productive way.
  • Launched in 2013, iProov is the world leader in online facial biometric authentication, working with governments, banks and other enterprises to securely verify customer identity.

TIP announces successful new Asset Backed Securitization (ABS) facility

Retrieved on: 
Monday, December 13, 2021 - 12:00pm

On 10 December 2021, TIP, a portfolio company of I Squared Capital, has successfully established a new pan-European Asset Backed Securitization (ABS) facility for its operational lease portfolio.

Key Points: 
  • On 10 December 2021, TIP, a portfolio company of I Squared Capital, has successfully established a new pan-European Asset Backed Securitization (ABS) facility for its operational lease portfolio.
  • The Senior Facility amounts to 200 million with a 2-year tenor and is provided by Rabobank and Commerzbank.
  • It has achieved Simple, Transparent and Standardized (STS) quality mark under the EU regulation framework for Securitization.
  • The existing ABS Senior Facility for 100 million was established in 2014 under a Dutch law Securitisation structure for operating leases.

iProov and Eurostar Launch Trial to Provide Contactless Travel at London St Pancras International

Retrieved on: 
Monday, December 6, 2021 - 7:00am
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20211205005029/en/
    iProov and Eurostar announce contactless travel trial is live at London St Pancras International (Photo: Business Wire)
    SmartCheck enables passengers to complete secure ticket verification and UK exit check on their mobile devices prior to travel.
  • On arrival at St Pancras International station, passengers proceed through a dedicated SmartCheck lane.
  • The brand new contactless travel technology from iProov and Eurostar is a window into the future of border control, of smoother, more seamless and convenient journeys.
  • Eurostar is the high-speed passenger service linking London St. Pancras International with city centre stations in mainland Europe, via the Channel Tunnel.

Expert.ai Establishes North American Headquarters in Boston

Retrieved on: 
Monday, November 22, 2021 - 1:30pm

BOSTON, Nov. 22, 2021 /PRNewswire/ -- Expert.ai (EXAI:IM), the leader in artificial intelligence (AI) for language understanding, continues its global expansion with the opening of a North American headquarters in Boston.

Key Points: 
  • BOSTON, Nov. 22, 2021 /PRNewswire/ -- Expert.ai (EXAI:IM), the leader in artificial intelligence (AI) for language understanding, continues its global expansion with the opening of a North American headquarters in Boston.
  • "Establishing Boston as our North American Headquarters positions us to serve its financial services, insurance and technology firms, tap into an incredible talent pool for enterprise software, and distinguish ourselves in the area's rapidly growing AI community," said Walt Mayo, CEO of expert.ai.
  • "The Boston office will include key members of the expert.ai leadership team and the core of its global marketing and growth operations.
  • The new headquarters office is now open and located at 1 Lincoln Street, Boston, MA, 02111.