In the News
Stocard: Europe’s leading mobile wallet raises $20M to launch payment capability and expand geographically
Stocard, Europe’s leading mobile loyalty wallet announced today that it raised $20 million from Macquarie Capital, with follow-on financing from original investors Shortcut, Alstin, Silicon Valley based Rocketship, HTGF, and Engelhorn. Stocard will use the fresh capital to launch a mobile payment functionality, recruit 40 employees across engineering, Sales and Marketing, and expand to new markets starting with the launch of its Paris office today, and Toronto, Canada launch in the coming weeks.
Qapital, one of a slew of mobile applications trying to make it easier for users to save money (and spend it more wisely), has raised $30 million in fresh financing as it expands beyond savings to offer investment advisory services.
URGENT.LY PARTNERS WITH UBER TO OFFER ROADSIDE ASSISTANCE TO UBER DRIVERS, DISCOUNTED COVERAGE FOR UBER VISA DEBIT CARDHOLDERS
Urgent.ly, the world’s most advanced roadside assistance platform, has partnered with Uber to provide roadside assistance services for Uber drivers. With industry-leading response times powered by a digitally connected nationwide service network, Urgent.ly can help Uber drivers hit the road with confidence. With Urgent.ly, Uber drivers know that if they experience a breakdown, they’ll get fast help and be back on the road quickly. Uber drivers who purchase roadside assistance with the new Uber Visa Debit Card receive coverage at a discount.
AHMEDABAD: Moglix, a Ratan Tata-backed B2B e-commerce platform, on Thursday announced its expansion to Ahmedabad and Mumbai to cater to the market of Western and Southern India. Currently, Moglix is headquartered in Singapore and is present in Noida, Gurgaon, Chennai and Pune. With these new additions, Moglix is further stepping-up their presence catering to industrial hubs in India, in line with their vision to transform the supply chain of the Indian manufacturing sector, founder Rahul Garg said
Trocafone, the online marketplace for used electronics, has raised $15 million in new financing to expand its reach beyond Brazil and Argentina into other emerging markets.
The company, which raised $7 million in a previous round of financing last year, said the new money came from Callfort, MIT Castor Ventures Fund, FJ Labs, Rocketship, Mercado Libre Fund and other undisclosed investors.
While digital storage demand continues to soar, the total budget for IT managers to provide digital storage resources to meet this demand are increasing little if at all. While the ever-decreasing price of storage capacity helps fill the need, storage hardware, particularly in data centers, continues to increase. What CIOs, information and IT managers really need are lower cost options for digital storage either on premise, or in the cloud. This article will look at some of recent options that promise to lower the cost of long term digital storage.
Moglix launched in 2015 as an online store for tools and construction supplies, but now it’s venturing into enterprise software with the launch of GreenGST to help Indian manufacturers become compliant with the country’s new tax codes. The Noida-headquartered startup announced today that it has raised a $12 million Series B, which it will use to develop its supply chain management technology and expand into more manufacturing hubs.