Align Technology, Inc. (Nasdaq: ALGN) has announced a definitive agreement to acquire Cubicure GmbH, a pioneer in direct 3D printing solutions for polymer additive manufacturing. Cubicure is known for its innovative materials, equipment, and processes in the field. The company’s patented Hot Lithography technology allows the processing of highly viscous resins to create tough and…
Crescent Energy expands Western Eagle Ford position with $250 million acquisition
Crescent Energy Company (NYSE: CRGY) announced today that it will buy more working interest in its Western Eagle Ford assets for $250 million in cash. This deal comes after the company acquired the operatorship of the same assets for $600 million in July 2023. The acquisition will increase Crescent’s production, cash flow and reserves, as…
Alchemy acquires numobile to offer device subscription and financing services
MELBOURNE, AUSTRALIA: Alchemy, a global leader in the circular technology market, has announced that it has acquired numobile, an Australian fintech company that offers mobile device subscription and financing services. The deal will enable Alchemy to expand its range of innovative services for the circular technology market, and to provide refreshed devices through subscription plans…
deskbird raises $13M Series A to scale its SaaS workplace management platform
deskbird, a Swiss company that provides a Software-as-a-service (SaaS) platform for workplace management, has secured $13 million in a Series A funding round. The round was led by ALSTIN Capital and AVP (AXA Venture Partners), two venture capital firms that focus on investing in high-growth technology companies in Europe and the US. The round also…
Atomico leads $10.8M Series A for Strise, an AI-powered AML intelligence software
Strise, a Norwegian company that uses AI to help banks and fintechs fight financial crime, has secured $10.8 million in a Series A funding round led by Atomico, one of Europe’s leading venture capital firms. The round also saw the participation of existing investors and angel investors. Strise’s anti-money laundering (AML) intelligence software automates the…
What Should You Know About Taking Out A Mortgage Today
Taking out a mortgage is a significant financial milestone in many people’s lives. It’s a step towards homeownership that comes with its own set of intricacies and considerations. Whether you’re a first-time buyer or a seasoned homeowner looking to refinance, understanding the mortgage process is crucial. To get better equipped to make informed decisions about…
M.P. Evans Group expands its oil-palm plantations in Indonesia with $40mn acquisitions
LONDON, UK: M.P. Evans Group, a UK-based company that operates oil-palm plantations in Indonesia and Malaysia, has announced that it has agreed to buy two Indonesian companies that own and manage a total of 8,350 hectares of oil-palm plantations in East Kalimantan, Indonesia, for US$60 million. The two companies, P.T. Agro Bumi Kaltim (ABK) and…
Direct Line to sell brokered commercial insurance business lines to RSA for an initial £520 million
LONDON, UK: Direct Line Insurance Group plc has signed an agreement to sell its brokered commercial insurance business lines to RSA Insurance Limited, a wholly-owned subsidiary of Intact Financial Corporation, for initial consideration of £520 million. Potential further consideration of up to £30 million, contingent upon certain earn-out provisions relating to the financial performance of…
ADNOC Gas signs $450-550 million LNG supply agreement with PetroChina International Co.
ABU DHABI, UAE: ADNOC Gas plc, a world-class integrated gas processing company, today announced an agreement, valued between $450 million (AED1.65 billion) and $550 million (AED2 billion), to supply Liquefied Natural Gas (LNG) to PetroChina International Company Limited, a subsidiary of PetroChina Company Limited, one of the leading oil and gas producers and distributors in…
AI-Powered Product Data Startup Harmonya Secures $20 Million in Series A Round
Harmonya, a software company that provides an AI-powered product data platform for retailers and brands, has announced that it has raised $20 million in a Series A funding round. The round was led by Bright Pixel Capital, the technological investment arm of the multinational group Sonae, and included existing investor Team8, as well as several…
ThetaRay raises $57 million to expand Its AI-powered transaction monitoring solution
ThetaRay, an Israeli company that offers an artificial intelligence (AI) solution for anti-money laundering (AML) transaction monitoring, has secured $57 million in a growth funding round led by Portage, a Canadian investment firm. The round also saw the participation of existing investors JVP, OurCrowd, and others. The company plans to use the new capital to…
What is a Merchant of Record and How it Can Help Your Business
In the ever-evolving panorama of e-commerce and digital transactions, corporations are usually in search of solutions that streamline their operations and ensure compliance with complicated financial guidelines. One such solution that has received prominence is the concept of a Merchant of Record (MoR). Today, we shall take a look deep into what MoR entails and…