RBF

Revenue Based Financing leader Klub becomes the first to secure a credit fund licence; aims to invest AED 1 billion in the Middle East

Retrieved on: 
Tuesday, February 6, 2024

DUBAI, UAE, Feb. 6, 2024 /PRNewswire/ -- Klub, India's largest platform for Revenue Based Financing (RBF) announced its expansion to the Middle East. Klub has received the relevant permission (Category 3C) to manage private credit funds under the newly instituted credit fund regime by the Financial Services Regulatory Authority (FSRA), Abu Dhabi Global Markets (ADGM).

Key Points: 
  • This regulatory approval marks a pivotal moment in Klub's journey, granting them the distinction of being the first Revenue Based Financing focused credit fund to expand in the Middle East region.
  • One of the key strategic advancements is the establishment of an AED 1 billion credit umbrella focusing on investing in credit products for the growth of SMEs and startups in the region.
  • Klub's expansion into the Middle East signifies a transformative moment in the landscape of Revenue Based Financing.
  • In 2022, Klub closed its maiden AED 100 million SEBI-registered credit fund in India, which is now fully deployed.

Revenue Based Financing leader Klub becomes the first to secure a credit fund licence; aims to invest AED 1 billion in the Middle East

Retrieved on: 
Tuesday, February 6, 2024

DUBAI, UAE, Feb. 6, 2024 /PRNewswire/ -- Klub, India's largest platform for Revenue Based Financing (RBF) announced its expansion to the Middle East. Klub has received the relevant permission (Category 3C) to manage private credit funds under the newly instituted credit fund regime by the Financial Services Regulatory Authority (FSRA), Abu Dhabi Global Markets (ADGM).

Key Points: 
  • This regulatory approval marks a pivotal moment in Klub's journey, granting them the distinction of being the first Revenue Based Financing focused credit fund to expand in the Middle East region.
  • One of the key strategic advancements is the establishment of an AED 1 billion credit umbrella focusing on investing in credit products for the growth of SMEs and startups in the region.
  • Klub's expansion into the Middle East signifies a transformative moment in the landscape of Revenue Based Financing.
  • In 2022, Klub closed its maiden AED 100 million SEBI-registered credit fund in India, which is now fully deployed.

Flow 48 Celebrates Successful Second Funding Round, Aims to Tackle Fintech Challenges in Emerging Markets

Retrieved on: 
Thursday, November 9, 2023

London, United Kingdom, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Pioneering fintech company, Flow 48 is pleased to announce the successful completion of its second funding round.

Key Points: 
  • London, United Kingdom, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Pioneering fintech company, Flow 48 is pleased to announce the successful completion of its second funding round.
  • This round of funding will provide the company with the capital it needs to address the challenges of fintech innovation, particularly in the Middle East and other developing markets.
  • Flow 48 specializes in innovative invoice and revenue financing solutions tailored to the unique needs of SMEs.
  • South Africa, like many emerging markets, faces similar challenges concerning minority-owned businesses and the shortcomings of traditional banking systems.

Japanese Revenue-Based Finance Startup Yoii Completes $5.5M Funding in Series A Round

Retrieved on: 
Friday, December 8, 2023

Yoii Inc., providing the revenue-based financing (RBF) platform "Yoii Fuel" in Japan (Headquarters: Tokyo, Japan; CEO: Masaharu Uno; Website: https://yoii.jp/en ; henceforth referred to as "Yoii"), announces the completion of a Series A round for approximately $5.5M.

Key Points: 
  • Yoii Inc., providing the revenue-based financing (RBF) platform "Yoii Fuel" in Japan (Headquarters: Tokyo, Japan; CEO: Masaharu Uno; Website: https://yoii.jp/en ; henceforth referred to as "Yoii"), announces the completion of a Series A round for approximately $5.5M.
  • This funding round was led by Emellience Partners, with participation from Itochu Technology Ventures, FFG Venture Business Partners, and five other existing investors.
  • By introducing innovative new fundraising methods in Japan, that are neither debt nor equity, Yoii aims to support the growth of startups.
  • Yoii focuses on RBF as a flexible funding solution to address these challenges.

Equation Announces its Highly Anticipated Mainnet Launch on Arbitrum

Retrieved on: 
Friday, October 27, 2023

SINGAPORE, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Equation, the perpetual contract protocol in the world of Decentralized Finance (DeFi), is set to make a significant leap as it announces its official launch on the Arbitrum Mainnet, scheduled for October 28th at 0:00 UTC.

Key Points: 
  • SINGAPORE, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Equation, the perpetual contract protocol in the world of Decentralized Finance (DeFi), is set to make a significant leap as it announces its official launch on the Arbitrum Mainnet, scheduled for October 28th at 0:00 UTC.
  • The team behind Equation is committed to pushing the boundaries of DeFi, and the launch on the Arbitrum Mainnet represents a pivotal moment in the project's roadmap.
  • Equation is positioning itself as "The Next Generation of Decentralized Perpetual Exchange", offering both traders and liquidity providers with up to 200x leverage.
  • Upon the Mainnet Launch, Equation will support perpetual trading for various currencies, including ETH, BTC, SOL, ARB, OP, MATIC, AVAX, and LINK.

Fujifilm Introduces FUJINON Duvo™ HZK24-300mm Portable PL Mount Zoom Lens

Retrieved on: 
Thursday, September 7, 2023

VALHALLA, N.Y., Sept. 07, 2023 (GLOBE NEWSWIRE) -- FUJIFILM North America Corporation, Optical Devices Division (“Fujifilm”) announces the introduction of the FUJINON Duvo™ [1] HZK24-300mm Portable PL Mount Zoom Lens (“Duvo 24-300mm”), a dual format lens supporting two types of large-image sensors [2] , specializing in shallow depth-of-field and beautiful bokeh.

Key Points: 
  • VALHALLA, N.Y., Sept. 07, 2023 (GLOBE NEWSWIRE) -- FUJIFILM North America Corporation, Optical Devices Division (“Fujifilm”) announces the introduction of the FUJINON Duvo™ [1] HZK24-300mm Portable PL Mount Zoom Lens (“Duvo 24-300mm”), a dual format lens supporting two types of large-image sensors [2] , specializing in shallow depth-of-field and beautiful bokeh.
  • Complementing Fujifilm’s Duvo™ HZK25-1000mm F2.8-F5.0 PL Mount Cinema Box Lens (“Duvo 25-1000mm”) — Fujifilm’s first Duvo Series lens — Duvo Portable 24-300mm delivers 12.5x zoom, covering 24-300mm, a focal range that is frequently used on set.
  • It enables the recording of lens metadata (focus, zoom, and iris position), as well as of lens distortion and shading corrections.
  • Duvo 24-300mm is currently expected to be available in the U.S. market in the spring of 2024 but will be previewed at IBC 2023 in Amsterdam, Netherlands from September 15 to 18, 2023 along with Fujifilm’s third Duvo Series lens, a wide portable zoom lens covering a focal length of 14-100mm.For more information on the Duvo 24-300mm PL Mount Zoom Lens, please visit https://fujinon.com/duvo .

WiMi Developed a BPR-based CNN Image Classification Technology to Better Solve the Image Classification Problems

Retrieved on: 
Wednesday, August 23, 2023

In traditional CNN image recognition classification models, the softmax function is used for classification.

Key Points: 
  • In traditional CNN image recognition classification models, the softmax function is used for classification.
  • WiMi BPR-based CNN image classification uses a mapping function to display CNN features in a high-dimensional feature space.
  • By combining BPR and CNN, this technique can overcome some of the shortcomings of traditional pattern recognition, improve the performance of image classification, and can handle complex image classification problems.
  • And it can deal with complex image classification problems, such as image recognition, target detection and image segmentation.

Race Bushing Factory Gears Up with the SCCA's Approval of High-Performance Polymers for Synthetic Racing Bushings

Retrieved on: 
Thursday, August 17, 2023

We're excited to leverage ApexPAI's potential in control arms and offer racing teams a new level of performance.

Key Points: 
  • We're excited to leverage ApexPAI's potential in control arms and offer racing teams a new level of performance.
  • A leading manufacturer of ApexPAI control arm bushings, and complete control arm assemblies, the Race Bushing Factory (RBF) team has decades of experience working with high-performance engineering polymers, including Torlon PAI, Ketaspire PEEK, Ryton PPS, and many others.
  • For control arm bushings, our testing shows that ApexPAI is the best non-metallic material in respect to both," stated Tyler Quance, Owner of Race Bushing Factory.
  • We're also excited to leverage the material's potential in control arms and offer racing teams a new level of performance," Quance concluded.

Finovance Technologies, Inc., a New Leading AI and ML Based Non-Bank Fintech Capital and Payments Provider to SMB Businesses, Announces the Closing of Initial Funding and Emergence from Stealth Development

Retrieved on: 
Thursday, May 25, 2023

San Francisco, California and London United Kingdom--(Newsfile Corp. - May 24, 2023) - Finovance, a leading artificial intelligence "AI'' and machine learning "ML" revenue-based financing "RBF" and payments fintech capital provider to small and medium-sized businesses (SMBs), raised an undisclosed amount in initial seed funding. Finovance will use the funds to expand operations and add additional financing offerings to empower SMBs to better manage their working capital needs as well as visualize their own financial data.

Key Points: 
  • If the advance release of Finovance AI and ML solutions is any sign of this unmet demand, entrepreneurs and small business owners alike know something special has been built at Finovance.
  • San Francisco, California and London United Kingdom--(Newsfile Corp. - May 24, 2023) - Finovance , a leading artificial intelligence "AI'' and machine learning "ML" revenue-based financing "RBF" and payments fintech capital provider to small and medium-sized businesses (SMBs), raised an undisclosed amount in initial seed funding.
  • Finovance has spent over two years developing its innovative and proprietary technology stack and recently emerged from stealth mode to debut www.Finovance.com .
  • Finovance is positioned as an alternative financing solution to traditional banks, private equity, and/or venture capital financing.

Founders First Capital Partners Recognized as ImpactAssets 50 Emerging Impact Manager, Highlighting Momentum Catalyzing Impact Investing for an Inclusive Economy

Retrieved on: 
Monday, April 10, 2023

SAN DIEGO, April 10, 2023 /PRNewswire-PRWeb/ -- Founders First Capital Partners ("Founders First") announced today that it has been recognized as an ImpactAssets 50 2023 (IA 50) Emerging Impact Manager.

Key Points: 
  • SAN DIEGO, April 10, 2023 /PRNewswire-PRWeb/ -- Founders First Capital Partners ("Founders First") announced today that it has been recognized as an ImpactAssets 50 2023 (IA 50) Emerging Impact Manager.
  • Receiving the impact investing industry credential marks Founders First's continued momentum toward growing diverse-led companies outside of major capital markets, while offering a scalable platform for mission-driven investors.
  • The IA 50 is a free, publicly available, searchable database of impact investment fund managers for impact investors, family offices, corporations, foundations and institutional investors.
  • The IA 50 Emerging Impact Managers list "spotlight[s] newer fund managers to watch that demonstrate potential to create meaningful impact."