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Agora Data Named as NIADA National Corporate Partner

Agora

Agora Data, whose suite of resources empowers independent auto dealers and finance companies to finance more non-prime customers, continues as a National Corporate Partner by the National Independent Automobile Dealers Association (NIADA). Agora is committed to leveling the playing field for non-prime auto loan originators, a market that has long been underserved and underbanked. The company plans to offer NIADA's 20,000 independent dealers the same advantages typically reserved for big franchise operations. For example, Agora made history with the first-ever crowdsourced subprime securitizations in the auto industry. They were completed in December 2020 and May 2021, and more securitizations are underway. Agora also recently unveiled the first-ever reducing interest rate line of credit. These new offerings pave the way to an unlimited borrowing capacity, the lowest interest rates, and the highest advances without requiring personal guarantees. The company combines its innovative financial solutions with a groundbreaking technology platform that calculates the book value of non-prime auto loans. Dealers and finance companies can now determine the value of their portfolios using Agora's patent pending predictive modeling. With this information, dealers can track the performance of their portfolios and optimize the capital they need to fuel growth by using a line of credit or by opportunistically selling a portion of their loans. "A single objective drives Agora - to remove the barriers dealers and finance companies face when attempting to access needed capital." said Steve Burke, CEO of Agora Data, Inc. "As a former Buy Here Pay Here dealer, I know firsthand how tough this industry can be for even the brightest entrepreneurs. It is amazing how auto loan originators can grow when the odds are stacked against them, so imagine what they can accomplish if these obstacles are removed." NIADA has been supporting independent dealers for 75 years, so it is the perfect fit for a strategic industry partner, says Burke. "NIADA built its reputation on connecting dealers with the most effective solutions providers in our industry. Agora is honored to continue being counted among those trailblazers." Agora Data will be attending and exhibiting at the upcoming NIADA Convention & Expo being held June 20-23, 2022, at the MGM Grand Las Vegas. The company plans to announce and demonstrate many innovative advancements, all designed to fuel growth for dealers and finance companies. About Agora Data, Inc: Agora Data's platform delivers a suite of tools to empower independent auto dealers and finance companies to finance non-prime customers. Agora's family of auto finance products provides a wide range of critical funding paths so originators can obtain the cash they need to fuel growth, compete, and build wealth. Powered by patent pending technology, originators now have access to robust data analytics and planning resources to help optimize the performance of their portfolios. Agora Data made history by closing the first-ever crowdsourced subprime auto securitization in 2020 and followed that up with its second transaction in early 2021. For more information, visit agoradata.com or contact us at 877-592-4672. Contact Details Shelly Vandeven +1 682-282-4130 media@agoradata.com Company Website https://agoradata.com/

April 18, 2022 09:03 AM Eastern Daylight Time

G Medical Innovations Holdings Ltd Announces $7.5 Million Private Placement Priced At-the-Market Under Nasdaq Rules

G Medical Innovations Holdings

TEL AVIV and NEW YORK, April 18, 2022 (GLOBE NEWSWIRE) -- G Medical Innovations Holdings Ltd. (NASDAQ:GMVD) (the "Company"), a telehealth, medical device, and remote patient monitoring company providing clinical-grade solutions for consumers, medical professionals, and healthcare institutions, today announced that it has entered into a definitive agreement with a single healthcare-focused institutional investor to purchase 5,000,000 ordinary shares (or ordinary shares equivalents) in a private placement priced at-the-market under Nasdaq rules. The Company will also issue to the investor warrants to purchase up to an aggregate of 6,250,000 ordinary shares. The purchase price for one ordinary share and one warrant to purchase one ordinary share is $1.50. The warrants have an exercise price of $1.50 per ordinary share, will be immediately exercisable, and will expire five years from issuance. A.G.P./Alliance Global Partners is acting as the sole placement agent for offering. The gross proceeds from the private placement are expected to be $7.5 million before deducting placement agent fees and other offering expenses. The Company intends to use the net proceeds from the offering for the repayment of existing debt and working capital purposes. The private placement is expected to close on or about April 20, 2022, subject to the satisfaction of customary closing conditions. The Company also has agreed that certain warrants to purchase an aggregate of 2,400,000 ordinary shares of the Company that were issued to the investor in February 2022 will be amended to have a reduced exercise price of $1.50 per ordinary share. The offer and sale of the foregoing securities are being made in a transaction not involving a public offering and the securities have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or applicable state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. Under an agreement with the investors, the Company agreed to file a registration statement with the Securities and Exchange Commission (the "SEC") covering the resale of the ordinary shares to be issued to the investors (including the ordinary shares issuable upon the exercise of the warrants) no later than 30 days after the closing and to use commercially reasonable efforts to have the registration statement declared effective as promptly as practical thereafter, and in any event no later than 60 days in the event of a "full review" by the SEC. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About G Medical Innovations G Medical Innovations Holdings Ltd. is an early commercial stage healthcare company engaged in the development of next generation mHealth and telemedicine solutions and monitoring service platforms. The Company’s solutions and services can empower consumers, patients, and providers to better monitor, manage and improve clinical and personal health outcomes, especially for those who suffer from cardiovascular disease (or CVD), pulmonary disease and diabetes. The Company’s current product lines consist of its Prizma medical device (or Prizma), a clinical grade device that can transform almost any smartphone into a medical monitoring device enabling both healthcare providers and individuals to monitor, manage and share a wide range of vital signs and biometric indicators; its Extended Holter Patch System, a multi-channel patient-worn biosensor that captures electrocardiography (or ECG) data continuously, including its QT Syndrome Prolongation Detection Capabilities Patch. In addition, the Company is developing its Wireless Vital Signs Monitoring System (or VSMS), which is expected to provide full, continuous, and real time monitoring of a wide range of vital signs and biometrics. Its monitoring services include provision of Independent Diagnostic Testing Facility (or IDTF) monitoring services and private monitoring services. Visit https://gmedinnovations.com/. 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. For example, G Medical is using forward-looking statements when it discusses the closing of the private placement and the expected use of proceeds. 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. 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, the companies 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 and McDade Products are not responsible for the contents of third-party websites. Contact Details G Medical Innovations Kobi Ben-Efraim, CFO +972 8-958-4777 Kobi@gmedinnovations.com Company Website https://gmedinnovations.com/

April 18, 2022 07:00 AM Eastern Daylight Time

Peninsula Fiber Network Continues to Grow Marquette Office

Peninsula Fiber Network, LLC

Peninsula Fiber Network, LLC (PFN), a leading provider of fiber optic-based telecommunications and Next Generation 911 services throughout Michigan, Wisconsin, and parts of Minnesota today announced the addition of Emily Poirier and Valerie Lamarche to its corporate engineering team based in Marquette. Poirier joins PFN as Project Coordinator overseeing the delivery of fiber optic network services to its growing base of customers. She is a Summa Cum Laude graduate from Northern Michigan University with a Bachelor of Science degree in Business Management. She was the recipient of the Outstanding Graduate in the College of Business award. She and her husband Scott reside in Ishpeming. Lamarche joins PFN as Order Entry Specialist responsible for supporting PFN’s sales team. She brings 8 years of experience in the medical field and holds an Associate Degree is Office System and Medical Office administration. She is a typical Yooper enjoying the outdoors and remaining active. PFN has been exceptionally busy hiring new employees as its business continues to grow at a rapid pace. The hiring of Emily and Valerie represents 16 new hires since 2021. Todd Proehl, Director-Technical Operations, stated, “PFN continues to be blessed attracting and hiring talented employees. Emily and Valerie bring significant skills to PFN and we welcome their addition to our team.” Valerie Lamarche Lamarche is an 8-year veteran of the medical field joining PFN as Order Entry Specialist. She holds an Associate Degree in Office Systems and Medical Office administration. Valerie recently relocated to Marquette and enjoys mountain biking, fat tire biking, snow shoeing, four wheeling, and running. Emily Poirier Poirier joins PFN after successful roles in medical, insurance, and higher education. She is a Summa Cum Laude graduate of Northern Michigan University with a Bachelor of Science degree in Business Management. She was recognized as the recipient of the Outstanding Graduate in the College of Business. Poirier and her husband Scott residence in Ishpeming and enjoy reading, kayaking, and biking. Contact Details Peninsula Fiber Network, LLC (PFN) Scott Randall, General Manager +1 906-232-1012 srandall@pfnllc.net Company Website https://www.pfnllc.net/

April 18, 2022 05:00 AM Eastern Daylight Time

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Phunware's PhunToken now available on the Uniswap decentralized crypto exchange

Phunware Inc

Contact Details Proactive Admin action@proactiveinvestors.com Company Website https://www.proactiveinvestors.com

April 14, 2022 10:56 AM Eastern Daylight Time

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IMA Financial Group Introduces Advanced Industries Practice

IMA Financial

IMA Financial Group, Inc., a North American insurance brokerage firm specializing in risk management, insurance and wholesale brokerage, announced its Advanced Industries practice, demonstrating its commitment to serving industry sectors with increasingly complex risk profiles. The practice will offer new risk management services and insurance products to four key industry verticals: technology, life sciences, advanced manufacturing and digital risk. “As the industry evolves, so does IMA,” said Mark Ware, Advanced Industries National Practice Leader. “Our clients are at the forefront of change, thanks to remarkable innovation and courage, so we’ve assembled a robust practice of experts that can navigate today’s complex insurance market and look into the future to manage tomorrow’s increasing risks.” Ware, a 30-plus year insurance veteran and former chair of TechAssure, will oversee a team of insurance professionals highly experienced in sophisticated segments such as biopharma, cleantech, medical disposables and advanced manufacturing, along with unmatched expertise in the emerging segments of decentralized finance (DeFi), cryptocurrency and non-fungible tokens (NFT). “In the first two months of 2022, we added DeFi clients representing more than $250M in insurance premium,” reported Garrett Droege, IMA Financial Group Director of Innovation + Strategy. “We are responding to this success by offering a full suite of services to clientele with similarly complex risk profiles.” Droege, who joined IMA in 2021, has been seated at the intersection of technology and risk management for more than 15 years, including as Executive Director of TechAssure, an association of insurance brokers specializing in technology-related risks. His hire, and today’s announcement, are part of IMA’s long-term strategy to drive the future of insurance. In March, the company entered the metaverse with the digital ecosystem’s first insurance research and development facility and announced a partnership with The Institutes RiskStream Collaborative® to unlock the potential of blockchain in risk management and insurance. In 2021, it formed IMA Invest, a start-up-focused fund investing in insurtech, technology that solves problems for the trillion-dollar insurance industry. “We’ve taken bold steps,” said Ware. “But this is just the beginning of our efforts to protect the world’s most innovative companies and advance the industry.” About IMA Financial Group Based in North America, IMA Financial Group, Inc. is an integrated financial services company focused on protecting the assets of its widely varied client base through insurance and wealth management solutions. Because IMA is employee-owned, its more than 1,800 associates are empowered to provide customized solutions for their clients’ unique needs. Contact Details Alexandra Campbell +1 720-989-3530 Alexandra@centerreachcommunication.com Company Website https://imacorp.com/

April 14, 2022 10:19 AM Eastern Daylight Time

Velocity Global adds tech revenue and marketing leaders Wade Burgess and Greg Brauner to drive continued growth

Velocity Global

Burgess joins as Chief Revenue Officer Brauner serves as Chief Marketing Officer Adds 35 years of combined experience growing tech companies Velocity Global, the leading provider of global talent solutions to work with anyone, anywhere, announced today it bolstered its leadership team with the addition of two experienced tech growth executives. Wade Burgess serves as chief revenue officer and brings more than 20 years of experience driving growth at digital and Software as a Service (SaaS) platforms. Greg Brauner joins the company as chief marketing officer to apply his 15 years of tech marketing leadership experience. “Our growth hits new scale coming off a triple-digit jump over the past year, and Wade and Greg bring experience and knowledge to take us to the next level,” said Ben Wright, Velocity Global founder and CEO. “They have experience scaling businesses and their significant contributions led to the successful IPO and ultimate sale of LinkedIn. Wade and Greg bring to the company significant domain expertise in the Future of Work industry. They’ve done it before, know what success looks like, and I’m ecstatic they saw our trajectory and want to go for that ride again.” Burgess joins Velocity Global to lead the worldwide Sales organization. He spent a decade at LinkedIn and was the global leader of LinkedIn Talent Solutions, growing the segment’s revenue from less than $50 million to $3 billion. He most recently served as chief revenue officer at Rev.com, and is an investor and advisor at several future of work and fintech startups including Karat, Gig Wage, and Wedge. "The results this team has delivered, and the pace at which it’s currently adding value caught my attention quickly,” said Burgess. “I’m inspired by the opportunity to accelerate that pace and scope to meet the demands of a truly global economy to work with anyone, anywhere." Brauner leads Velocity Global’s Marketing team and joins from the digital marketing company, Emotive. His career includes revenue leadership roles at successful SaaS and digital platforms including LinkedIn and Twilio, both of which he helped to take public. “Velocity Global is at the forefront of changing how the world works. The team is focused on building world-class solutions for employers and talent,” said Brauner.” I am extremely impressed by the team we have at Velocity Global and I’m excited to continue the mission of enabling employers and talent to connect and work from anywhere.” The company’s Global Work Platform TM seamlessly connects employers and talent worldwide through proprietary cloud-based talent management technology, personalized expertise, and unmatched global scale. Clients use its global Employer of Record (EoR) and Contractor Management solutions to onboard, manage, and pay talent with in-country and in-state compliance, payroll, and benefits. Both Burgess and Brauner are based in Austin, Texas as part of Velocity Global’s work from anywhere culture with employees in almost 50 countries across six continents. View Velocity Global’s leadership team here. About Velocity Global Velocity Global accelerates the future of work for anyone, anywhere, anyhow. Its Global Work PlatformTM simplifies the employer and talent experience through its proprietary cloud-based talent management technology, backed by personalized expertise and unmatched global scale. With talent solutions in more than 185 countries and all 50 United States, the platform combines global Employer of Record and Contractor Management to onboard, manage, and pay talent worldwide. Thousands of brands rely on Velocity Global to build global teams without the cost or complexity of setting up foreign legal entities or state registrations. 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 John Hall +1 720-650-4348 news@velocityglobal.com Company Website https://velocityglobal.com/

April 14, 2022 07:01 AM Mountain Daylight Time

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Industrial Defender Unveils New Standalone OT Vulnerability Management Solution, Immunity by ID™

Industrial Defender

Industrial Defender, the leader in operational technology (OT) security, today announced the launch of Immunity by ID™, a new cloud-based offering that helps industrial security teams turn their OT asset inventory information into a risk-based vulnerability management program. The product is offered as a standalone solution or as an add-on within the Industrial Defender platform. Using current OT hardware and software inventory information from an asset visibility tool, CMDB or spreadsheet, this vendor-agnostic solution generates a prioritized list of vulnerabilities based on asset criticality and risk level, along with applicable patching data, to help keep critical infrastructure secure in the face of global cybersecurity threats. Immunity by ID is up and running in a matter of days, allowing users to begin their vulnerability management program immediately, and simple, transparent pricing lets them easily scale a subscription as they mature. “With the looming threat of a global cyber war, critical infrastructure organizations of all sizes are looking for straightforward solutions that rapidly deliver actionable intelligence to help them protect their essential systems,” said Peter Lund, CTO at Industrial Defender. “We created this tool to help companies better utilize the asset information they already have that may be nothing more than a data dump right now. Unlike other OT vulnerability management offerings on the market, ours is powered by an anonymized cloud, so as soon as a vulnerability is published, you'll know whether a device is at risk without waiting for the next software update.” Industrial Defender will be offering a free 14-day trial of Immunity by ID to qualified users at North American and European critical infrastructure companies through the end of May to support their efforts to shore up cybersecurity defenses. For more information, visit https://www.industrialdefender.com/immunity-by-industrial-defender/. About Industrial Defender Since 2006, Industrial Defender has been solving the challenge of safely collecting, monitoring, and managing OT asset data at scale, while providing cross-functional teams with a unified view of security. Their specialized solution is tailored to complex industrial control system environments by engineers with decades of hands-on OT experience. Easy integrations into the broader security and enterprise ecosystem empower IT teams with the same visibility, access, and situational awareness that they’re accustomed to on corporate networks. Learn more at www.industrialdefender.com. Contact Details Erin Anderson +1 617-675-4206 eanderson@industrialdefender.com Company Website https://www.industrialdefender.com

April 14, 2022 09:00 AM Eastern Daylight Time

Air pollution levels crank up in March 2022 across European cities, reveals Airly insights

Airly

Air pollution levels recorded across major European cities in March 2022 made for grim reading. Scientists at cleantech Airly reported on NO2 (nitrogen dioxide) and PM10 (particulate matter) elements of air pollution across European cities (full tables further below). The highest concentration of NO2 was recorded in Newcastle upon Tyne, a city in the north of England. And the highest concentrations of PM10 occurred in Spain (Malaga and Seville). The rise in air pollution was significantly influenced by a Sahara desert dust storm that traveled across Europe. The dust and other factors such as high pressure and lack of wind, meant that air pollution in southern and western Europe was slightly higher than in central Europe. Notably, the air in Portugal or Belgium was worse than the air in Poland or Romania. The new WHO standards are often exceeded In September 2021, the World Health Organisation (WHO) announced stricter standards on NO2 and PM10 levels. The new 24-hour PM10 norms were changed from 50µg / m3 to 45µg / m3 and NO2 levels were confirmed as 25µg / m3, previously as advisory level. There were several cities falling short of the new levels but two Spanish cities at the top of the list (Malaga and Seville) were above the daily safe levels of PM10 (45 µg / m3). Meanwhile, every city exceeded the safe daily average of NO2 levels (25 µg / m3). Effect on health Long term exposure to PM10 may lead to reduced lung function, the development of cardiovascular and respiratory diseases and increased rate of disease progression. Long-term exposure to Nitrogen dioxide may contribute to the development of asthma and increase susceptibility to respiratory diseases. Marcin Gnat, spokesperson at Airly commented: “This study confirms others which suggest that almost the entire global population (99%) breathes air that exceeds WHO air quality limits, and threatens their health. Although the number of countries and cities where air quality is monitored continuously is increasing, there is still a lack of such information in a great number of vulnerable sites. By knowing the exact pollution situation in their surroundings, local governments and communities are able to take appropriate steps to improve air quality, and then monitor the effectiveness of the actions taken”. NO2 Ranking: Newcastle upon Tyne - 44,6 µg/m3 (179% of WHO safe norm, 25 µg / m3) Naples - 42,4 (170%) Paris - 41,2 (165%) Antwerp - 35,9 (144%) Dortmund - 35,6 (142%) Zurich - 34,9 (140%) Stuttgart - 34,1 (137%) Munich - 33,5 (134%) Frankfurt am Main - 32,6 (130%) Hamburg - 32,0 (128%) Rotterdam [The Hague] - 31,8 (127%) Brussels - 31,2 (125%) Oslo - 30,5 (122%) Athens - 30,5 (122%) Sofia - 30,0 (120%) London - 29,4 (118%) Lyon - 29,2 (117%) Katowice - 29,1 (116%) Manchester - 28,9 (116%) Prague 29,7 (115%) PM10 Ranking: Malaga 56,1 µg/m3 (125% of WHO safe norm, 45 µg / m3) Seville 46,5 (103%) Belgrade 40,9 (91%) Katowice 40,5 (90%) Antwerp 38,3 (85%) Stockholm 37,2 (83%) Kraków 36,8 (82%) Stuttgart 35,4 (79%) Oslo 35,1 (78%) Wrocław 34,7 (77%) Leeds 34,3 (76%) Lisbon 34,0 (76%) Paris 33,9 (75%) Łódź 33,8 (75%) Poznań 33,7 (75%) Sofia 32,8 (73%) Zagreb 32,8 (73%) Thessaloniki 32,4 (72%) Rotterdam [The Hague] 31,8 (71%) Madrid 30,8 (68%) About Airly Using sensors, Airly provides accurate, ultra-local, predictive data for governments, media and businesses to tackle the issue of air pollution head-on. Airly’s platform acts as a warning system for pollution at street level and in real time with greater accuracy and at lower cost for cities & enterprises. Local councils and municipalities can start by monitoring air quality in real-time on an ongoing basis, locating sources of pollution and bringing forward policy that targets local pollution by reducing road traffic in the busiest, polluted places. Similarly, people need to make lifestyle choices that will benefit their air quality and environment. By choosing carsharing, cycling or electric scooters instead of cars will make a significant impact. Airly provides actionable insights about air quality with its AI-driven algorithms that predict air pollution for the next 24 hours with a verifiability of up to 95%. Airly gives customers across the globe an environmental intelligence platform by installing networks of sensors that track all the key pollution markers - particulate matter (PM1, PM2.5, PM10) and gases (NO2, O3, SO2 and CO). Contact Details Airly Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://airly.org/en/

April 14, 2022 07:13 AM Eastern Daylight Time

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Raw materials platform Zaraye raises $2.1m in Tiger Global’s first pre-seed investment in Pakistan

Zaraye

Karachi based business-to-business raw materials marketplace Zaraye raises $2.1mn in their pre-seed round from Tiger Global and Zayn Capital. Other investors include +92 Ventures, Alan Rutledge, Jack Rizvi, and current and former Careem employees holding key positions in their tenures. This is Tiger Global’s first pre-seed investment in Pakistan. Founded in late 2021, Zaraye helps manufacturing businesses procure raw materials and finance the working capital. It is currently serving clients across textile and construction industries, with over 300 partners and suppliers spread out in 20+ cities. Pakistan’s industrial manufacturing sector contributes to 20% of the country’s economy with a $35bn raw material market annually with raw materials contributing 60-65% of the total costs for the manufacturers. In conditions where net margins are thin, finding efficiency in costs becomes critical for these businesses to win orders and sustain against competition locally and globally. Additionally, SMEs have always found acquiring financing a huge battle for their businesses from financial institutions, and are forced to turn to informal markets with ~2.5x premiums. Ahsan Ali Khan, co-founder and CEO of Zaraye commented: “We aim to strengthen the backbone of the country’s economy by helping the entrepreneurs in finding avenues to optimize and scale. Zaraye will help our partners to compete locally and globally as they find more savings in time and money to create the best products. With the confidence of amazing investors in Zaraye, we are geared to supercharge our mission to reach millions of users”. Traditionally a manufacturer would connect with a handful of intermediaries or directly with the suppliers with a tedious process of going through multiple phone calls, and wait for them to furnish rates. This process is longer, tedious and brings very limited options for the buyers to make a decision. With Zaraye, buyers of raw materials can simply post their requirements for the required product and the relevant suppliers can furnish quotes in real time making the information for buying decisions vast and quick. At the same time, the suppliers can access consolidated demand volumes with the vast network of buyers on Zaraye’s platform. Faisal Aftab, Managing Partner & Co-Founder of Zayn Capital BitRate Fund commented: “Procurement in the manufacturing industry is a massive problem with similar models showing immense success in comparable markets. We believe in the Zaraye team and their capabilities in solving this problem in Pakistan. We’re super excited to be a part of their journey.” Zaraye is available across platforms with their iOS, android and web app. The platform helps buyers of raw materials connect with multitude of suppliers who furnish their quotes in real-time making the process faster and hassle free. Zaraye was founded by IBA class fellows Taha Iqbal Teli, Hashair Junaid Ahmedani and Ahsan Ali Khan who worked together at multiple instances throughout their academic and professional careers. Taha and Ahsan have been part of the tech ecosystem for the past 5 years with experience at giants like Careem and Swvl. Ahsan led Swvl’s Travel category for Pakistan in his last stint, while Taha led the TaaS product for Karachi before launching the Daewoo Adda, a logistics product for transportation’s leading player Daewoo. Meanwhile, Hashair after completing his post-graduate degree at the University of Bath, where studied with Taha he returned to Pakistan to join his family business in Karachi. Hashair soon found his passion in the hospitality industry introducing Czech and Levantian cuisine to Pakistan with two successful ventures while building an FMCG brand for imported coffee from Latin Amercia. Hashair Junaid Ahmedani, co-founder of Zaraye added: “Small and medium business owners have been trapped in a cycle of high competition and lack of financing options- Zaraye aims to help these businesses scale as they find the efficiencies in procurement and financing options to make better decisions for their businesses.” Taha Iqbal Teli, co-founder of Zaraye said “Our goal is to help these entrepreneurs focus on manufacturing and selling their products. Zaraye will handle the entire procurement process, all the way from getting quotes, assuring quality, delivering to their doorsteps with any after-sales assistance our partners might require. Our partners remain at the heart of all our endeavors and we believe this massive problem cannot be solved without a world class team. As we build great solutions for our customers, we are always on the lookout for great talent and I would encourage everyone who feels passionately about building solutions at scale that make lives easy and loved by customers to apply away.” Having worked together on multiple projects, the three came together to solve one of the biggest problems faced by the manufacturing industry in emerging markets. Hashair’s experience while working with his family business was critical in understanding the problems faced by the businessmen and how they operate. The team amalgamates context from legacy businesses and building modern solutions at scale. Zaraye has built a strong team with experience from Swvl, PWC UK chapter, Daraz and Louis Dreyfus and their tech team is led by Asif Ali, ex-CTO Cheetay. About Zaraye Founded in late 2021, Zaraye helps manufacturing businesses procure raw materials and finance the working capital. It is currently serving clients across textile and construction industries, with over 300 partners and suppliers spread out in 20+ cities. Zaraye is available across platforms with their iOS, android and web app. The platform helps buyers of raw materials connect with multitude of suppliers who furnish their quotes in real-time making the process faster and hassle free. About Tiger Global Management Tiger Global Management is an investment firm focused on public and private companies in the global internet, software, consumer,and financial technology industries. Tiger Global has been an investor in companies such as Facebook, Stripe, Uber, Coinbase, Byju’s, Instacart, LinkedIn, Nextdoor, Postmates, Quora, Spotify and others. About Zayn Capital Zayn Capital is an investment firm providing debt and equity financing to start-ups in Pakistan with occasional opportunistic bets in the region. It was founded by Faisal Aftab and Faisal Chowdhry who both serve as managing partners of the Venture Capital firm. Zayn Capital has made 20 investments with lead investments in Nayapay, Bagallery, Krave Mart and Bookme.pk among others. Their team is made up of seasoned executives, investors, founders, and operators who partner and support startups in Pakistan. For more information, please visit https://www.zayn.capital/ Contact Details Zaraye Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website http://www.zaraye.co/

April 14, 2022 07:00 AM Eastern Daylight Time

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