PayU

ScaleOps Raises $21.5M to Automate Cloud Resource Management

Retrieved on: 
Tuesday, December 19, 2023

TEL AVIV, Israel , Dec. 19, 2023 /PRNewswire/ -- ScaleOps, a startup specializing in cloud resource management, announced today $21.5M in funding for the first fully-automated cloud-native resource orchestration platform. The Seed and Series A funding rounds announced today were led by Lightspeed Venture Partners, NFX, and Glilot Capital Partners. ScaleOps has attracted a large and dedicated customer base of companies that use the platform to fully automate their production environments, achieving up to 80% cloud cost savings and delivering better-running applications.

Key Points: 
  • TEL AVIV, Israel , Dec. 19, 2023 /PRNewswire/ -- ScaleOps, a startup specializing in cloud resource management, announced today $21.5M in funding for the first fully-automated cloud-native resource orchestration platform.
  • ScaleOps has attracted a large and dedicated customer base of companies that use the platform to fully automate their production environments, achieving up to 80% cloud cost savings and delivering better-running applications.
  • "By employing AI, the ScaleOps platform is  context-aware and autonomously handles resource management for engineers, lowering infrastructure costs and delivering better performance."
  • "ScaleOps automatically optimizes Wiz's workloads in production according to our real-time needs, improving performance even during demand spikes," said Ron Tzrouya, Lead Cloud FinOps at Wiz.

New PayU GPO Data Shows African Consumers Tap Into Sales Across 'Black November', with Travel and Entertainment Taking Centre Stage

Retrieved on: 
Tuesday, December 12, 2023

PayU GPO , the leading online payment service provider operating in over 30+ emerging markets, today releases new data on Black Friday’s impact on the African e-commerce landscape.

Key Points: 
  • PayU GPO , the leading online payment service provider operating in over 30+ emerging markets, today releases new data on Black Friday’s impact on the African e-commerce landscape.
  • Despite overall marginal decline compared to 2022, some merchants and industries saw an increase, such as beauty, fashion, travel, entertainment, and electronics.
  • As a result, Black Friday itself spurred an 83% increase in e-commerce sales compared to the 2023 daily average across Kenya, Nigeria and South Africa.
  • Across all payment channels, PayU GPO approval rates increased, reaching 89% across Nigeria, Kenya and South Africa.

Prosus Accelerates Profitability Target and Delivers on Objectives

Retrieved on: 
Wednesday, November 29, 2023

Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered a strong financial performance, beating industry levels of growth, while significantly accelerating profitability.

Key Points: 
  • Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered a strong financial performance, beating industry levels of growth, while significantly accelerating profitability.
  • Our Classifieds and Food Delivery segments are both profitable, and PayU is making strong progress towards profitability.
  • iFood grew Gross Merchandise Value (GMV) by 15% and revenue by 17%, resulting in a trading profit of US$23m, up 149%.
  • Strong performance by key investments:
    Delivery Hero grew group GMV by 8% in Q2 2023, with H1 revenue up by 27%, boosting profitability to an adjusted EBITDA of €9m.

Naspers Accelerates Profitability Target and Delivers on Objectives

Retrieved on: 
Wednesday, November 29, 2023

Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered strong financial performance, beating industry levels of growth, while significantly accelerating profitability.

Key Points: 
  • Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered strong financial performance, beating industry levels of growth, while significantly accelerating profitability.
  • Our Classifieds and Food Delivery segments are both profitable, and PayU is making strong progress towards profitability.
  • iFood grew Gross Merchandise Value (GMV) by 15% and revenue by 17%, resulting in a trading profit of US$23m, up 149%.
  • Strong performance by key investments:
    Delivery Hero grew group GMV by 8% in Q2 2023, with H1 revenue up by 27%, boosting profitability to an adjusted EBITDA of €9m.

3D Secure Payment Authentication Market Report 2023 - Global Forecast to 2030: E-Commerce Expansion and Advanced Authentication Solutions Drive Growth - ResearchAndMarkets.com

Retrieved on: 
Monday, November 27, 2023

The "3D Secure Payment Authentication Market Size, Share & Trends Analysis Report By Component (Merchant Plug-in, Access Control Server), By Application (Merchants & Payment Gateway, Banks), By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "3D Secure Payment Authentication Market Size, Share & Trends Analysis Report By Component (Merchant Plug-in, Access Control Server), By Application (Merchants & Payment Gateway, Banks), By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
  • The global 3D secure payment authentication market size is expected to reach USD 2.76 billion by 2030, growing at a CAGR of 12.7% from 2023 to 2030.
  • The growth of the market can be attributed to the increasing advancements in payment authentication technology and the extensive utilization of digital technologies for online payment processing.
  • Thus, there has been an increased demand for secure payment authentication solutions.

Aampe Secures $7.5 Million to Accelerate AI-Driven Customer Engagement

Retrieved on: 
Thursday, October 5, 2023

Aampe , the AI-native user engagement platform, today announced a $7.5 million Pre-Series A funding round led by Matrix Partners India and Peak XV Partners (formerly Sequoia Capital India & SEA).

Key Points: 
  • Aampe , the AI-native user engagement platform, today announced a $7.5 million Pre-Series A funding round led by Matrix Partners India and Peak XV Partners (formerly Sequoia Capital India & SEA).
  • Today, managing customer relationships suffers from the inefficiencies created by traditional, manual processes.
  • Within CRM systems, marketers must manually segment user populations, build user journeys with minimal guidance, and perform labor-intensive A/B tests.
  • I’m excited for Aampe to take this great product to a lot more customers.”

Digital Payment Market worth $193.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, October 4, 2023

The payment processor sector within the financial industry pertains to firms or entities that facilitate electronic payment transactions between merchants and consumers.

Key Points: 
  • The payment processor sector within the financial industry pertains to firms or entities that facilitate electronic payment transactions between merchants and consumers.
  • Digital payment vendors offer professional and managed services to plan, design, implement, and deploy digital payment solutions.
  • Support and maintenance services help ensure the overall development of digital payment solutions, which is expected to drive the growth of the services segment.
  • Digital payment systems streamline invoicing and payment processing, allowing businesses to manage cash flow more efficiently.

Digital Payment Market worth $193.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, October 4, 2023

The payment processor sector within the financial industry pertains to firms or entities that facilitate electronic payment transactions between merchants and consumers.

Key Points: 
  • The payment processor sector within the financial industry pertains to firms or entities that facilitate electronic payment transactions between merchants and consumers.
  • Digital payment vendors offer professional and managed services to plan, design, implement, and deploy digital payment solutions.
  • Support and maintenance services help ensure the overall development of digital payment solutions, which is expected to drive the growth of the services segment.
  • Digital payment systems streamline invoicing and payment processing, allowing businesses to manage cash flow more efficiently.

Rapyd Acquires PayU GPO to Expand Fintech and Payments Solutions Globally

Retrieved on: 
Tuesday, August 1, 2023

PayU GPO, a leading provider of best-in-class payment solutions to both enterprise and SMB segments in emerging markets, operates across over 30 countries worldwide.

Key Points: 
  • PayU GPO, a leading provider of best-in-class payment solutions to both enterprise and SMB segments in emerging markets, operates across over 30 countries worldwide.
  • Rapyd will purchase PayU GPO for $610 million.
  • View the full release here: https://www.businesswire.com/news/home/20230731625413/en/
    Rapyd’s industry-leading fintech platform, extensive global payments network, and local markets expertise, coupled with the acquisition of PayU GPO, further solidifies Rapyd’s position as a dominant global fintech leader continuing the company’s trajectory towards an IPO.
  • The acquisition of PayU GPO expands Rapyd’s global reach, strengthening its position in key vertical markets including eCommerce, logistics and transportation.

Naspers Delivers Against Strategic Objectives and Is On-Track to Achieve Profitability Target

Retrieved on: 
Tuesday, June 27, 2023

Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “Naspers is on a firm footing to deliver continued value for shareholders.

Key Points: 
  • Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “Naspers is on a firm footing to deliver continued value for shareholders.
  • Our Ecommerce businesses are scaling at pace, with sustained revenue growth well ahead of our peers.
  • These actions have taken hold, and we’ve reached a turning point in profitability, with iFood’s restaurant business, our Indian payments business and core classifieds all profitable.
  • Through its extensive network of partners, 3 920 youth have been placed in tech and tech-enabled jobs and supported 33 micro entrepreneurs.