A $120 million fund has been established by UK-based Spex Capital to help MedTech and digital healthcare companies. The Spex Venture Health-Tech Fund was announced on Monday, February 27. It will invest up to $6 million in early-stage health technology companies at a time when consumers are increasingly using digital-first health services. Claudio D’Angelo, founder…
According to a press release from ShiftMed, the platform, which links healthcare providers with certified nurses, wants to increase its national presence in the healthcare industry. According to ShiftMed CEO Todd Walrath, “Healthcare providers continue to struggle with access to credentialed personnel as patient requirements and volume continue to climb.” ShiftMed is well-positioned to offer…
Freight Technologies, a B2B shipping provider, has expanded its scope by teaming with transportation company Majoba. The firms announced their agreement, claiming that Mexico-based Majoba Logistics will connect its fleet to Freight Technologies’ (Fr8Tech) Fr8App platform, allowing the companies to offer their clients a larger choice of products and services. According to a corporate press…
“Embedded finance is in its first inning,” if the FinTech “revolution” following the financial crisis is still in its early stages. We’re just scratching the surface, according to Matthew Valente, head of product strategy at FIS, as conventional financial institutions and FinTechs collaborate to provide everything from bank accounts to lending products to a wider…
Brazil demonstrates how a smartphone may increase financial inclusion and provide underprivileged individuals with access to bank accounts. According to Mario Shiliashki, CEO of PayU Global Payments, bringing financial services to underserved populations and assisting them in moving beyond cash-based transactions will require extensive, collaborative efforts between traditional and nontraditional financial services players and regulators….
The collapse of FTX and about 130 of its connected firms are said to have caused crypto traders to become cautious and limited liquidity throughout the crypto markets. The decline in liquidity, which has occurred as a result of traders reducing bids and offers in order to manage risks, is expected to last at least…
Leta, a Kenyan supply chain and logistics software firm, announced the completion of a $3 million pre-seed financing round in a press statement issued on Wednesday. 4Di Capital, Chandaria Capital, Chui Ventures, PANI, Samurai Incubate, and Verdant Frontiers Fintech are among the investors in the round. Leta, which was founded in 2021, employs route and…
Inxeption, a B2B supply chain digitization platform, has opened an office in Frankfurt, Germany, to better serve customers in Europe and to supplement its presence in Southeast Asia and India. Sebastian Stahl has been designated senior vice president of international business development in Europe by the corporation. Stahl previously worked as interim president of Germany…
PayUp, a Rex business, has obtained a $5 million line of credit from private working capital finance company nFusion Capital, which will allow it to process $50 million in bills. PayUp and nFusion Finance both focus on small to medium-sized businesses (SMBs), and the new relationship will employ PayUp’s tech-enabled early payment solution to give…
A surge of platforms enabling digital sales and procurement is altering the way African businesses do business, leading to a more efficient trading system overall and assisting in the elimination of frictions that have long hampered traditional supply chains. These platforms are increasingly becoming more than just intermediaries linking consumers and sellers; they are perfectly…
