Razor Group, the Berlin-based e-commerce aggregator, has acquired its US rival Perch, creating the world’s largest online marketplace consumer brand platform. The deal is part of Razor’s consolidation strategy, which has seen it acquire other regional players such as Factory14, Valoreo and The Stryze Group. The acquisition will enable Razor to reach over $1 billion…
Yuno, a global payments platform, raises $25M from top investors
Yuno, a platform that orchestrates payments across different methods and regions, has secured $25 million in a Series A round led by DST Global Partners, Andreessen Horowitz, Tiger Global, Kaszek Ventures and Monashees, a financial news release noted. The company, founded by Juan Pablo Ortega and Julián Núñez, aims to revolutionize various industries such as…
Bloomberg Industry Group appoints Bobby Puglia as Chief Product Officer
Bloomberg Industry Group, a leading provider of industry knowledge and AI-enabled technology for professionals in government, law, tax, and accounting, has announced the appointment of Bobby Puglia as its Chief Product Officer. Puglia will report to CEO Josh Eastright and oversee the company’s product development efforts, including Bloomberg Law, Bloomberg Tax, Bloomberg Government, and the…
Newsweek hires Danielle Varvaro as Head of Advertising Sales
Newsweek, the global digital news organization, has appointed Danielle Varvaro as its new Head of Advertising Sales. Varvaro will report to Kevin Gentzel, Global Chief Commercial and Growth Officer of Newsweek, and lead the US sales team. Danielle Varvaro joins Newsweek from The Messenger, a new news outlet where she drove ad revenue. She has…
Why wind is underutilized in Pakistan for power generation?
Pakistan is facing a serious energy crisis, with rising electricity costs, mounting circular debt, and dwindling foreign exchange reserves. The country is still relying on expensive and polluting fossil fuels to meet its power demand, while ignoring the potential of renewable energy sources, especially wind power. Wind mills are a clean, green, and affordable way…
Phoenix Tower International acquires Cellnex Telecom’s Irish business
Phoenix Tower International (PTI), a global telecom tower operator, has announced a deal to buy Cellnex Telecom’s business in Ireland, which includes about 1,700 mobile telecom sites and 200 land locations. The deal will boost PTI’s presence and growth in Ireland, as well as improve the country’s telecom infrastructure and services. PTI expects the transaction…
Julieann Esper Rainville becomes new CEO of Power Factors
Power Factors, the leading software solutions provider for the renewable energy sector, has announced the appointment of Julieann Esper Rainville as its new Chief Executive Officer. She will succeed Gary Meyers, who will become the Executive Chairman of the Board of Directors, according to a news release. Esper Rainville has over 27 years of software…
Accenture acquires Udacity to boost its technology learning and training services
Accenture, a global professional services company, has agreed to acquire Udacity, a digital education pioneer that offers proprietary technology courses online. The terms of the deal were not disclosed. Udacity’s team of more than 230 professionals will join Accenture LearnVantage, a new service that helps Accenture’s clients reskill and upskill their people in technology, data…
Global payroll and HR company Deel is acquiring PaySpace
Deel, the all-in-one HR solution for global teams, announced today that it is acquiring PaySpace, the African-based payroll and HR company with operations in 44 countries. The deal will make Deel the first global payroll and Employer of Record (EOR) with its own full-stack payroll engine localized in 50 countries and integrated into its offering….
HydrogenOne backs Sunfire GmbH’s EUR 500 million funding round
LONDON: HydrogenOne Capital Growth plc, a London-listed fund investing in clean hydrogen, has announced its participation in a EUR 500 million funding package for Sunfire GmbH, a leading electrolyzer manufacturer. The package includes a EUR 215 million Series E equity round, a EUR 100 million term loan from the European Investment Bank (EIB), and EUR…
How Generative AI Can Transform Retail Banking in 2024
Generative AI is a game-changing technology that can create new content, data, and insights from existing information. It can help retail banks improve their efficiency, customer experience, and innovation. However, most banks are not ready to embrace and scale generative AI across their operations. This is the key finding of the World Retail Banking Report…
CapitalBox acquires Omniveta to boost SME lending in Denmark
CapitalBox, a business unit of Multitude SE, a leading European FinTech company, has announced the acquisition of Omniveta Finance, a Danish invoice purchasing company, effective from 1st March 2024. The deal will enhance CapitalBox’s alternative finance solutions for small and medium-sized enterprises (SMEs) in Denmark and other European markets. Omniveta, founded in 2012, provides invoice…