News Hub | News Direct

Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
Article thumbnail News Release

JustiFi, The Embedded Fintech Platform for Platforms, Raises $6.6M Led by Emergence Capital and Rally Ventures

Rally Ventures

JustiFi, the intelligent fintech orchestration platform for platforms, today announced its $6.6 million seed round. JustiFi provides vertical SaaS platforms with a full suite of embedded fintech tools that can be deployed to their current customer base. As vertical SaaS platforms increasingly become the system of record in their industry, customers look to them for expanded capabilities, including payment and banking tools. Unfortunately most vertical SaaS platforms do not have the in-house expertise or engineering bandwidth to develop a fully embedded fintech suite of tools, and they typically end up deploying an amalgamation of integrations that are not optimized for customer happiness or maximum revenue. When a vertical SaaS platform partners with JustiFi, they instantly have a fully integrated and white labeled suite of payment acceptance tools, multi-payment type intelligent orchestration tools, white label insurance capabilities, lending capabilities, card issuing, treasury management and more. These tools are optimized for lowest possible cost, resulting in highest possible revenue and profit. As the global internet economy reached upwards of $6.49 trillion in 2020, businesses paid more than $195B in payment processing fees alone. Using AI, JustiFi’s decision engine analyzes every transaction to dynamically optimize and reduce payment fees to the lowest possible effective rate at the interchange level. Over time, JustiFi becomes smarter by applying its learnings, thus continuing to increase the profitability of the business. The round was co-led by Emergence Capital, the early investor in Zoom, Bill.com, Veeva, Salesforce and other industry-leading enterprise companies, and Rally Ventures, early investors in Braze, Carbon Black, Coupa and SportsEngine. The new financing will be used to scale the team and continue to build out the product. “JustiFi was created to democratize fintech and accelerate the revenue potential of SaaS platforms,” said Joe Floyd, general partner at Emergence Capital. "JustiFi was built by vertical SaaS veterans who won at the payments game before. Now, they're commercializing all of the industry leading insights, data, tools and technology they've developed over the last 15 years, so other platforms can win as well." “Fintech is complex and payment teams are expensive and hard to secure, especially with other priorities like customer acquisition and new product features fighting for resources," said Joe Keeley, co-founder and CEO of JustiFi and founder and former CEO of CNST (acquired by Bright Horizons, NYSE:BFAM). "JustiFi's payment team and platform tools enable platforms to integrate fintech strategies early in their build without having to hire huge teams to support them." “To put it bluntly, we know that nearly every business in the world pays too much in payment processing fees. Those high fees are especially painful to vertical SaaS platforms, where gross margin is materially impacted by each basis point,” said Justin Kaufenberg, managing director at Rally Ventures and co-founder and former CEO of SportsEngine, a vertical SaaS platform that processed multiple billions per year in payments. “Offering payments is table stakes. Vertical SaaS platforms should not settle for anything less than a fully integrated, fully white label, comprehensive fintech stack that includes a native orchestration layer and transaction level cost optimization.” About JustiFi JustiFi is the embedded fintech platform built for vertical SaaS platforms. The company’s ​AI and machine-learning engine manages and optimizes payment transactions to help platforms reduce fees and maximize profits. JustiFi leverages 50+ years of industry experience and expertise to add value for customers by generating payments revenue, saving money, ensuring compliance and turning payment processing into a strategic advantage. For more information, visit justifi.ai. About Emergence Capital Emergence is the leading venture capital firm focused on early-stage enterprise software companies. Its mission is to be the most important partner to the companies that are changing the way the world works. The firm's investments' current market capitalization is over $400B and includes companies such as Zoom (ZM), Veeva Systems (VEEV), Box (BOX), Bill.com (BILL), Doximity (DOCS), Blend (BLND), SuccessFactors (SFSF, acquired by SAP), Yammer (acquired by Microsoft) and ServiceMax (acquired by GE). For more information on Emergence, visit www.emcap.com and follow @emergencecap. About Rally Ventures Rally Ventures invests exclusively in early-stage business technology companies, focusing on entrepreneurs creating major new markets or bringing transformative approaches to existing ones. Since 1997, Rally Ventures' partners and venture capital industry veterans have invested in or run early stage enterprise business-to-business technology companies with a proven ability to deliver superior returns regardless of the overall market environment. For more information visit www.rallyventures.com. Contact Details Rachel Stone rachel@rallyventures.com Company Website https://www.justifi.ai

December 16, 2021 08:03 AM Eastern Standard Time

Article thumbnail News Release

CoorsTek Plant in South Korea Earns Top Chemical Safety Award

CoorsTek

The CoorsTek plant in Gumi, South Korea was recently presented with an award from the National Institute of Chemical Safety (NICS) in recognition of the facility’s exceptional safety protocols and best-in class chemical accident prevention plan. CoorsTek, a leading manufacturer of technical ceramics, operates more than 30 manufacturing facilities across three continents. At its Gumi, South Korea plant, which provides a variety of high-performance ceramics engineered specifically for semiconductor processing applications (including PureSiC silicon carbides and PlasmaPure aluminas), a wide range of hazardous materials are used. Due to the extensive use of these materials, the plant is subject to regular inspections to review safety procedures and chemical spill prevention plans. Gumi employees passed last summer’s chemical safety inspection with marks so high that representatives from the NICS asked them to share best practices at a conference in November. CoorsTek team members accepted the offer and used the opportunity to showcase the plant’s comprehensive accident prevention program. The Gumi facility has grown in serving partners since 2000, including a recent expansion to support semiconductor and electronics industry growth as well as many additional customers in the region. CoorsTek was among 12 organizations that were highlighted at the event, but one of only five to receive the Director’s Award for Chemical Safety. CoorsTek was in excellent company; the other four winning organizations were Sam-Yang, SK Materials, Hyundai Motor, and Samsung. According to plant manager BW Han, the Gumi team delivered outstanding results thanks to the steps they have taken to prevent the leakage of hazardous chemicals into nearby bodies of water. “We established a mobile-based wireless network to keep materials from flowing into the rivers here, and developed strong evacuation plans to keep workers and local residents safe if we are faced with an emergency,” he said. CoorsTek Vice President of Environmental Health, Safety, Sustainability, and Security Scott Dolan congratulated the team and expressed pride in their accomplishment. “CoorsTek is committed to being a safe, environmentally friendly and socially responsible company,” he said. “Our EHS teams worldwide take this responsibility seriously. We’re proud of the great work they’re doing in Gumi and pleased with the steps they are taking to create a safe environment.” About The National Institute of Chemical Safety The National Institute of Chemical Safety falls within the South Korean Ministry of Environment, which is the branch of government charged with environmental protection. This agency manages the country’s chemical safety accident prevention system and oversees the accident response program; professional education; and international coordination. About CoorsTek CoorsTek is a privately-held leading global supplier of technical ceramics, serving a wide array of industries and markets – with the vision of making the world measurably better. The company is headquartered in Golden, Colorado, with approximately 5,000 employees worldwide. CoorsTek continues to make significant investments in developing advanced materials and processes for critical applications and is the partner of choice for companies worldwide, whose success requires the unique, high-performance properties of products manufactured from engineered ceramics and advanced materials. The company is committed to delivering outstanding value through operational excellence, research, development, and manufacturing capabilities and collaborative stakeholder relationships. Learn more at www.coorstek.com. Contact Details CoorsTek Holly Leiker +1 303-475-1690 hleiker@coorstek.com Company Website https://www.coorstek.com

December 16, 2021 08:03 AM Eastern Standard Time

Image
Article thumbnail News Release

Instant Grocery Startup VOLY raises one of the largest seed rounds in Australia at $18m

VOLY

Australia's first instant online grocery supermarket, VOLY, has raised AU$18M in one of the nation’s largest ever seed rounds led by Sequoia Capital India, with increased backing from Global Founders Capital (GFC) and Australian-based Artesian Capital. This funding round will enable VOLY to continue to scale, expand the team, rapidly increase operations across key urban centres and start the national rollout. Following its launch in July 2021, VOLY has been preparing to take on the rapid food delivery market by delivering groceries to customers at incredible speed. It aims to make ordering groceries as easy and engaging as browsing Instagram and get them to you faster than you could do a trip to the supermarket yourself. Employing its own riders, delivery centre and store staff, VOLY does away with the need for customers to spend time in physical retail environments by giving people the power to order and receive their groceries in minutes. With a delivery promise of 15 minutes or less; VOLY is set to disrupt the +$122bn local grocery industry. Mark Heath, Co-CEO and Co-founder of VOLY, said: “VOLY is here to completely change the way people shop for groceries by giving Australians back their most precious resource, time. Our model, from a fully employed delivery and dispatch team to the way we use electric bikes to deliver, is designed around the way people live. We firmly believe that our customers have a better experience when our riders and other staff are part of the company, working with us.” VOLY retails most key household products available at any major supermarket - from fresh produce to baby formula and cleaning products - everything you could possibly need, available online seven days a week from 8am-10pm. The winning recipe is instant and free delivery, together with the best quality fresh produce; all sold at retail prices. “We’re doing away with the need to do a weekly grocery shop by providing convenience alongside reliability in a market that offers some of the slowest delivery times in the world. By owning our own supply chain, VOLY delivers at blazing fast speed without compromising on price, quality or availability. We source directly from suppliers, store in our own micro-fulfilment centres and deliver using fully employed and mostly full-time staff. VOLY is the supermarket of the future that is built around our customers, not the other way around,” said Thibault Henry, Co-CEO and Co-Founder. The seed funding announcement sets a new record for a food delivery company in Australia with support from Sequoia Capital India, a renowned venture capital firm. The interest in VOLY follows a new wave of investment in Aussie startups seen as world-class tech companies with potential to scale globally. "Australia's grocery market, which sees $90B in annual spends, is a large and profitable space that continues to be dominated by offline retail. The Sequoia Capital India team was impressed by the strong consumer love for VOLY, their compelling value proposition, and an impressive team of repeat founders that has blitzscaled businesses in Australia before. With on-demand models traditionally scaling very successfully in the country, the decision to lead their seed round and help them scale their business across Australia was an easy one to make," said Abheek Anand, Managing Director, Sequoia India. VOLY was co-founded by Mark Heath and Thibault Henry, who are also co-CEOs of the company and have experience working with on-demand technology brands across the food supply and logistics industries. Mark Heath helped launch Uber in Australia after a career at Goldman Sachs and Thibault Henry built, scaled and sold Balto which was a B2B last-mile business with clients such as HelloFresh, Marley Spoon and YouFoodz. VOLY’s management team includes Chief Technology Officer, Anthony Rey, Head of Procurement Lyana Labrode and Head of Marketing, Josh Peacock. VOLY has been an early hit with customers flocking to the app, spiking a rise of new users and incredibly strong week-on-week growth in sales. While currently available in Sydney across 42 suburbs - VOLY has plans to rapidly expand its offering from January 2022 to reach millions more Australians around the country in the coming months and year ahead. The VOLY application is available on both iOS and Android and at https://www.getvoly.com/ Ends Additional media images can be found here. About VOLY VOLY is an online supermarket and delivery service committed to disrupting the Australian grocery market by offering instant grocery delivery to millions of Australians through its mobile app. Setting new standards in the delivery industry, VOLY employs its own people and riders across micro fulfillment centres around Australia, offering household items to its customers in less than 15 minutes of placing an order. The move to employ riders full-time together with a strategy of vertical integration sets VOLY apart from the ‘gig economy’ and enables it to offer speed and quality without compromising on price. For more visit: https://www.getvoly.com/ About Sequoia Capital India Sequoia helps daring founders build legendary companies, from idea to IPO and beyond. Sequoia India operates in Southeast Asia and India where we actively partner with founders from a wide range of companies, across categories, including BYJUs, Carousell, Druva, Gojek, OYO Rooms, Tokopedia, Truecaller, Zilingo, Zomato and more. We spur founders to push the boundaries of what’s possible. In partnering with Sequoia, startups benefit from over 49 years of tribal knowledge and lessons learned working with companies like Airbnb, Alibaba, Apple, Dropbox, Google, LinkedIn and Stripe early on. From the beginning, universities, endowments and other non-profits have been the backbone of our investor base, which means founders’ accomplishments make a meaningful difference. For more information on Sequoia’s work in India and SE Asia, visit sequoiacap.com/india Contact Details VOLY Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.getvoly.com/

December 16, 2021 08:00 AM Eastern Standard Time

Image
Article thumbnail News Release

Lind to Provide $5M to Boost Prizma Sales to the Growth in Demand for Covid-19 Testing Across California

G Medical Innovations Holdings

TEL AVIV and NEW YORK, Dec. [16], 2021 G Medical Innovations Holdings Ltd. (NASDAQ: GMVD) (the "Company") today announced the pricing of a private placement in the form of a convertible note in the principal amount of $5,000,000 that has a two-year maturity and a fixed conversion price. Proceeds to be used to launch 25 Covid-19 testing centers in California in Q1, 2022. The first six locations are currently in operation as of Wednesday, December 15, 2021. G Medical Innovations Holdings Ltd., a telehealth, medical device, and remote patient monitoring company providing clinical-grade solutions for consumers, medical professionals, and healthcare institutions, Known for its groundbreaking technology, remote patient monitoring devices and services utilized by hospitals and cardiologists across the country, GMedical’s innovative Prizma monitoring device will be offered direct-to consumer for the first time at these testing locations, as part of an aggressive company direct-to-consumer strategy. Prizma is a user-friendly cell phone-sized device that can help monitor user’s vital signs, providing to-the-minute readings for ECG, temperature, oxygen saturation, heart rate, stress levels and blood pressure, help track body weight and glucose levels. Data is presented directly to the user and the designated care provider. Prizma can also be prescribed by physicians to patients with cardiac or respiratory disease, diabetes and other health issues. With the explosive growth in demand for Covid testing across the country, G Medical expects its new California locations to boost Prizma sales. “By offering Prizma at our Covid19 testing sites we are empowering consumers to measure and monitor their vital signs post testing, in the comfort of their own home,” said G Medical CEO Dr. Yacov Geva. “This unique opportunity to introduce our Prizma device to customers face-to-face at the point of sale is an important step forward in our company’s direct-to-consumer initiative EF Hutton, division of Benchmark Investments, LLC, acted as exclusive placement agent for the offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-looking Statements This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on G Medical’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of G Medical could differ materially from those described in or implied by the statements in this press release. For example, G Medical is using forward-looking statements when it discusses the use of proceeds from the private placement, plans to open as many as 25 Covid-19 testing centers in California in Q1, 2022, its direct-to-consumer strategy and the benefits and advantages of its Prizma medical device. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in G Medical’s prospectus filed pursuant to Rule 424(b)(4), filed with the Securities and Exchange Commission (“SEC”) on June 28, 2021, and in any subsequent filings with the SEC. Except as otherwise required by law, G Medical undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. G Medical is not responsible for the contents of third-party websites. Contact: G Medical Service +972 8-958-4777 service@gmedinnovations.com Contact Details G-Medical Innovations Holdings Ltd, Oren Cohen +972 8-958-4786 orenc@gmedinnovations.com Company Website https://gmedinnovations.com/

December 16, 2021 07:00 AM Eastern Standard Time

Article thumbnail News Release

STATHERO DAILY FANTASY SPORTS PLATFORM SEES 5X REVENUE GROWTH, CLOSES A $4 MILLION SERIES A FUNDING ROUND LED BY BFG SPORTS BET

StatHero

This release issued on December 15, 2021 is being replaced with the following corrected version due to multiple revisions. The updated release reads: STATHERO DAILY FANTASY SPORTS PLATFORM SEES 5X REVENUE GROWTH, CLOSES A $4 MILLION SERIES A FUNDING ROUND LED BY BFG SPORTS BET StatHero, the fast-growing head-to-head Daily Fantasy Sports (DFS) app with unprecedented winning percentages and player spend, has raised $4 million in Series A Funding led by BFG Sports Bet. StatHero is the ONLY independent fantasy sports company playable in 34 states StatHero lets DFS players go up against house lineups instead of long odds contests with unknown users. The fantasy sports and sports betting hybrid has become a game-changing force in the DFS space with 400% month-over-month growth in deposits and players betting an average of $1,500/yr; THREE TIMES the average spend of industry leading apps DraftKings and FanDuel. It’s this type of explosive growth that drew the attention of Illinois-based BFG Sports Bet, a venture capital fund with over a decade of experience in the highly regulated gaming industry. BFG is leading StatHero’s $4 million Series A Round of funding that caps a year of 5x revenue growth. The prospect of high-growth potential is obvious, and this marks a significant next step. Monica and Robert Breslow of BFG Sports Bet: “We believe StatHero is the most innovative, exciting, user-friendly DFS platform available on the market today and has potential for tremendous growth. The combination of the gaming market, passion of the founders and the clear innovation of the gameplay itself really set them apart in our eyes. Not to mention the disruption that StatHero has been able to bring to this industry over such a short period of time.” Following a $2 million seed round investment in June of 2020 (also led by BFG) StatHero focused its energy and resources on innovation and development. It has fueled a considerable rise in users and has seen the company’s valuation more than double in the time since. Jason Jaramillo, Founder of StatHero: “ This Series A round is so special to me because our original investors made it a priority to double up on their investment of StatHero. 2022 is going to be very big for us.” StatHero’s combination of next generation technology, skill-based games and low barrier of entry is disrupting the gaming space and enabling players to dive deeper into games while claiming a well over 50% winning percentage. As the company focuses on the future, a Series B round of funding is on the horizon for next spring. Until then, new products, new leagues and new features will be added to complement the slate of head-to-head contests and PARLAYS are next up. About STATHERO Combining the best of fantasy sports and sports gaming, StatHero is a first of its kind daily fantasy sports platform. The company has exploded in growth since founded in 2019 in large part due it’s simple gameplay, low commitment and instant gratification. Stathero uses the familiar fantasy sports based format to allow players to compete against posted lineups across a variety of professional sports and game types including Survivor Pools, Head-to-Head and Fantasy Parlays. Their patent pending gameplay gives players an advantage unlike any other in fantasy sports. It’s truly daily fantasy the way it was meant to be played - one-on-one. For more information, visit: www.stathero.com and follow us on Twitter @StatHeroHq. For media/press inquiries on, please contact: Dianne Quirante, dianne@emcbowery.com About STATHERO Combining the best of fantasy sports and sports gaming, StatHero is a first of its kind daily fantasy sports platform. The company has exploded in growth since founded in 2019 in large part due it’s simple gameplay, low commitment and instant gratification. Stathero uses the familiar fantasy sports based format to allow players to compete against posted lineups across a variety of professional sports and game types including Survivor Pools, Head-to-Head and Fantasy Parlays. Their patent pending gameplay gives players an advantage unlike any other in fantasy sports. It’s truly daily fantasy the way it was meant to be played - one-on-one. For more information, visit: www.stathero.com and follow us on Twitter @StatHeroHq. Contact Details Dianne Quirante +1 323-654-0001 dianne@emcbowery.com Company Website https://stathero.com/

December 15, 2021 02:38 PM Eastern Standard Time

Article thumbnail News Release

Variational AI Partners with the University of British Columbia and adMare BioInnovations to Develop COVID-19 Therapeutic

Variational AI

Variational AI, developer of state-of-the-art generative AI technology to redefine the economics of drug development by accelerating the discovery of novel and optimized small molecule therapeutics, today announced the company has generated and ordered compounds for validation in partnership with the University of British Columbia (UBC) and adMare BioInnovations to develop a novel SARS-CoV-2 Main Protease (3CLpro) inhibitor. The therapeutic is intended to be efficacious against the wild type and current variants of concern, including Delta and potentially Omicron, in the form of an antiviral pill. The COVID-19 drug discovery program is funded by Canada’s Digital Technology Supercluster, which is supported by the Canadian Ministry of Innovation, Science and Industry. “The Variational AI team is honored to partner with the University of British Columbia and adMare BioInnovations to work to address this most urgent medical need,” said Handol Kim, co-founder and CEO, Variational AI. “As society continues to grapple with COVID-19 variants, it is more important than ever to leverage the power of machine learning to accelerate our drug discovery efforts.” Variational AI has trained its generative AI algorithm on a large amount of COVID-19 data to generate new molecules and has ordered a number of compounds to be synthesized that are predicted to be potent and safe with fewer side effects. Variational AI uses a generative model known as Variational Autoencoder (VAE), which is able to optimize molecular properties more quickly and uses data far more efficiently. The company intends to license the antiviral compound to a partner to accelerate progress and get the therapeutics into clinics sooner. “We are proud to support Variational AI’s innovative approach to discovering an effective therapeutic for COVID-19,” said Sue Paish, CEO of the Digital Technology Supercluster. “While vaccines offer the first and best line of defense against COVID-19, the global community needs as many therapeutic options as possible to prevent fatalities and improve patient outcomes.” Generally, pills can be manufactured, distributed and stored more easily and cost-effectively than vaccines and are particularly well-suited to treat people in developing countries. In addition to COVID-19 and its variants, the resulting therapeutic may also be efficacious against other coronaviruses. “Our lab is committed to remaining at the forefront of applying computational methods to discover COVID-19 therapeutics, and our collaboration with Variational AI to leverage the company’s powerful AI adds a promising pipeline of novel and potent SARS-CoV-2 Main Protease inhibitors to the arsenal of antiviral options,” said Artem Cherkasov, Ph.D., professor of medicine, University of British Columbia. About Variational AI Variational AI uses state-of-the-art machine learning in a data-efficient method to rapidly generate novel and diverse compounds that are optimized for multiple properties to avoid the most common causes of drug attrition and increase clinical probability of success. Variational AI works with leading biopharmaceutical partners and is developing its own internal pipeline. To learn more, visit https://variational.ai. Contact Details Sage Morander +1 401-490-9700 variationalai@svmpr.com Company Website https://variational.ai/

December 15, 2021 10:00 AM Eastern Standard Time

Article thumbnail News Release

OUT OF OFFICE ALERT: Work Anywhere in the World Courtesy of Velocity Global

Velocity Global

Nationwide contest sends three winners to live anywhere in the world for a full year and keep their current job Velocity Global to showcase the positive impact of remote work by supporting the winners at no cost to their employers Velocity Global, the leading provider of global talent solutions, today announced its Out of Office Year TM contest, which provides three winners the ability to work remotely in their current jobs from anywhere in the world, paid for by Velocity Global. "In this new world of work, you can be the CEO of your own career. Talent can move across the country or across the world on their own terms and their employer can benefit,” said Ben Wright, Velocity Global founder, and CEO. “The ‘Out of Office Year’ demonstrates to employers and employees how simple it is to work from anywhere, all while gaining new life experiences and a broader world view.” Workplace flexibility remains top of mind for workers. According to an August 2021 survey from FlexJobs, 58% of employees reported they wanted to be full-time remote post-pandemic. It’s a desire among business leaders as well. In the 2022 Velocity Global Work in Progress report, 63% of the more than 1,000 tech leaders surveyed said they would prefer to work from a new location such as closer to family or overseas. As employers continue to institute policies around different workplace concepts – remote, in-office, or hybrid – employees are evaluating if those policies align with their priorities. “The ability to work remotely is one of the most important conversations employers can have with their current and potential employees,” said Robert Herjavec, founder and CEO of Herjavec Group and Velocity Global brand ambassador. “I grew a leading cybersecurity company by committing to hire top talent from anywhere. I know the benefits that ‘work anywhere’ brings to a business, but now employees know the benefits it brings to their lives. There’s no turning back and Velocity Global’s Out of Office Year sheds light on how simple it can be to make this benefit a reality.” Out of Office Year Contest Details The contest is open to all U.S. residents interested in moving to another location while keeping their current job. At OOOyear.com, applicants submit up to a 60-second video explaining where and why they want to work remotely. Velocity Global will select three applicants and fulfill their dreams of working anywhere. Velocity Global will facilitate the conversation between the employees and their employers regarding worry-free compliance, payroll, and employee support. Velocity Global will support that employee through its global work platform in any of more than 185 countries for one year at no cost to the employer. The employer simply continues to pay the salary, benefits, and other regulatory requirements just as they do now for that employee. The winners and their stories will be chronicled through Velocity Global’s social media channels to inspire other employees and employers to enter the future of work. For more information about the contest or to submit an entry, please visit OOOyear.com. Applications are now open until January 31, 2022. About Velocity Global Velocity Global accelerates the future of work beyond borders. Its global work platform simplifies the employer and employee experience to employ any talent anywhere with just a click through its proprietary cloud-based workforce management technology, backed by personalized expertise and unmatched global scale. As the largest global Employer of Record (also known as International PEO) in 185 countries and all 50 United States, more than 1,000 brands rely on Velocity Global to build global teams without the cost or complexity of setting up foreign legal entities or state registrations. The company offers additional services including Independent Contractor Compliance to assess a workforce, and Agent of Record (AoR) to streamline payments to contractors. Velocity Global was named a “Leader” in Global Employer of Record services by prominent analyst firm NelsonHall. Founded in 2014, the company has hundreds of employees across six continents. For more information visit velocityglobal.com. Contact Details Velocity Global Eli Rice +1 720-650-4348 news@velocityglobal.com Company Website https://velocityglobal.com/

December 15, 2021 07:01 AM Mountain Standard Time

Video Image
Article thumbnail News Release

Amber Group Reimagines Digital Wealth Management In The Metaverse With Launch Of WhaleFin

Amber Group

SINGAPORE - Media OutReach - 15 December 2021 - Amber Group, a global leader in digital assets, today announced the launch of WhaleFin, its flagship digital asset platform that is uniquely positioned to empower mainstream investors to build wealth in the digital era and further democratize access to the world of crypto finance. Built with the deep expertise that Amber Group has developed serving both institutional and retail markets, WhaleFin is an all-in-one platform that bridges the demands from both markets, serving as the preferred gateway to crypto for users, regardless of their experience. The launch of WhaleFin marks an important milestone for Amber Group, delivering on its mission to unlock the value of crypto finance for individuals and organizations, at a time when digital assets are gaining mainstream acceptance and adoption across global financial ecosystems. Designed with universality in mind, the WhaleFin combines institutional-grade features of the Amber Pro, launched in 2019, with the intuitive user interface and features of the Amber App, launched in 2020. "The concept of wealth has changed radically over the last few years and there is an urgent need for investors to rethink the way they build wealth in a future that is increasingly digital and decentralized", said Michael Wu, CEO and Co-founder of Amber Group. "WhaleFin represents the gateway into the new world of finance, one that will be underpinned by the growth of the metaverse and the rising prominence of digital assets. At Amber Group, we are incredibly excited to help shape this decentralized future, as we onboard investors at all levels into the world of crypto finance." With WhaleFin, all users can now access institutional-grade digital asset trading tools through a seamless interface on both web browser and mobile app. The platform comes in two versions to cover the full spectrum of investing needs - the 'pro' version lends comprehensive trading features for diversified investing activities, while the 'lite' version enables crypto beginners to buy, earn and swap digital assets simply and securely. Long-term value generation, next generation algorithmic trading, investment flexibility and state-of-the-art security are at the core of WhaleFin's product offering. Key features of WhaleFin include: Long term value generation – WhaleFin users can maximize their yields to build their digital wealth with WhaleFin's structured products that are designed to monetize their market views. Users are also afforded a high degree of customization that includes investment currency, linked price and maturity dates, offering them innovative ways to grow their portfolio of digital assets. Cutting edge algorithmic trading – WhaleFin supports customized algorithmic executions with automated ICEBERG, TWAP and VWAP orders with minimal price impact. Automated transaction cost analysis reports are also generated for users, providing them with a smarter and more transparent way to trade. Investment flexibility – Built with cutting-edge earn features that include a daily interest payout and early funds redemption, users can easily trade over 100+ digital assets at competitive prices on WhaleFin. Users will also enjoy the flexibility of using digital assets as collateral, allowing them to manage their portfolio risk as they implement margin trading strategies with highly customizable loan tenures. State-of-the-art-security – WhaleFin leverages multi-party computation technology, in partnership with leading security infrastructure providers in the industry to ensure users are able to invest and grow their digital assets with total peace of mind. Beyond empowering users with the best tools to make sound investment decisions, WhaleFin also empowers users with the opportunity to invest in a sustainable future. WhaleFin plans to harness resources from across the industry to support public education campaigns on the climate crisis as well as to mobilise communities to take action for our planet. "The launch of WhaleFin is a landmark moment for us. At Amber Group, we want to continue developing the digital assets ecosystem by empowering everyone with institutional-grade tools and new touchpoints for people to easily access their digital assets. As the ecosystem matures and becomes increasingly sophisticated, it is important that we help facilitate a connected and inclusive global market and uphold the democratic spirit of DeFi. Not only does this critically drive innovation for the advancement of our global economy, it is also the spirit of opportunity and the seed to create a better world for everyone," Wu added. For more information about WhaleFin, please visit https://www.whalefin.com. Due to regulatory reasons, WhaleFin does not currently support or provide services to customers from some jurisdictions. About Amber Group Amber Group is a leading digital asset platform operating globally with offices in Asia, Europe, and the Americas. The firm provides a full range of digital asset services spanning investing, financing, and trading. Amber is backed by prominent investors including Paradigm, Dragonfly, Pantera, Polychain, Sequoia, and Tiger Global. For more information, please visit www.ambergroup.io, or contact them at pr@ambergroup.io. Contact Details Amber Group Stella Wang pr@ambergroup.io

December 15, 2021 08:00 AM Eastern Standard Time

Image
Article thumbnail News Release

STATHERO DAILY FANTASY SPORTS PLATFORM CLOSES A $4 MILLION SERIES A FUNDING ROUND BASED ON A $37 MILLION VALUATION LED BY BFG SPORTS BET

StatHero

The ONLY independent fantasy sports company playable in 34 states, StatHero lets DFS players go H2H against house lineups instead of in short-odds contests with unknown users. The fantasy sports and sports betting hybrid has become a game-changing force in the DFS space with 400% month-over-month growth in deposits and players betting an average of $1,500/yr; THREE TIMES the average spend of industry leading apps DraftKings and FanDuel. It’s this type of explosive growth that drew the attention of Illinois-based BFG Sports Bet, a venture capital fund with over a decade of experience in the highly regulated gaming industry. BFG is leading StatHero’s $4 million Series A Round of funding, on a $37 million valuation. The prospect of high-growth potential is obvious and this marks a significant next step. Monica and Robert Breslow of BFG Sports Bet: “We believe StatHero is the most innovative, exciting, user-friendly DFS platform available on the market today and has potential for tremendous growth. The combination of the gaming market, passion of the founders and the clear innovation of the gameplay itself really set them apart in our eyes. Not to mention the disruption that StatHero has been able to bring to this industry over such a short period of time.” Following a $2 million seed round investment in June of 2020 (also led by BFG) StatHero focused its energy and resources on innovation and development. It has fueled a considerable rise in users and has seen the company’s valuation more than double in the time since. Jason Jaramillo, Founder of StatHero: “This Series A round is so special to me because our original investors made it a priority to double up on their investment of StatHero. 2022 is going to be very big for us.” StatHero’s combination of skill-based games and low barrier of entry has allowed players to dive deeper into games while claiming a well over 50% winning percentage. As the company focuses on the future, a Series B round of funding is on the horizon for next spring. Until then, new products, new leagues and new features will be added to complement the slate of head-to-head contests and PARLAYS. About STATHERO Combining the best of fantasy sports and sports gaming, StatHero is a first of its kind daily fantasy sports platform. The company has exploded in growth since founded in 2019 in large part due it’s simple gameplay, low commitment and instant gratification. Stathero uses the familiar fantasy sports based format to allow players to compete against posted lineups across a variety of professional sports and game types including Survivor Pools, Head-to-Head and Fantasy Parlays. Their patent pending gameplay gives players an advantage unlike any other in fantasy sports. It’s truly daily fantasy the way it was meant to be played - one-on-one. For more information, visit: www.stathero.com and follow us on Twitter @StatHeroHq. For media/press inquiries on, please contact: Dianne Quirante, dianne@emcbowery.com Contact Details STATHERO Dianne Quirante +1 323-654-0001 dianne@emcbowery.com Company Website https://stathero.com/

December 15, 2021 06:00 AM Eastern Standard Time

1 ... 523524525526527 ... 648