Technology

Chinese billionaire and Ant Group’s founder Jack Ma is ceding control of the fintech giant, the company announced on Saturday (Jan. 7). The Ant Group is an affiliate company of the multinational technology company Alibaba Group, also founded by Ma. Ant operates China’s mobile payment app Alipay, the world’s largest, which has more than 1 billion users. Prior to the change, Ma

Brazilian fintech CloudWalk is set to launch its own blockchain, a ledger that records cryptocurrency transaction and operations. The goal, which is already being met, is to escalate the business. With its own network, it can handle 500 transactions per second – 70 times more than before, when it was based on blockchain platforms such as Ethereum and Polygon. Luis Silva, founder

LEAD, India’s foremost player in the School EdTech category, has raised US $100 million in a new funding round, dubbed a Series E round. The Series E funding round was led by returning investor WestBridge Capital and global Ventrure Capital fund GSV Ventures, making this one of their largest EdTech investment to fuel the company’s ambitious vision of transforming core schooling in India with tech-integrated

UiPath, the Romanian developer of robotic process automation (RPA) software, on March 26, filed IPO documents for its upcoming New York Stock Exchange (NYSE) debut. The move comes, as the company’s revenue grew 81% year-over-year to $607.6 million for the fiscal year ended January 31, 2021, according to the filing. It also recorded a net loss of $92.4 million for that same

Orca, a new investment application which was created by Eastern Europeans  and will allow United Kingdom residents to invest in over 200 stocks and Exchange Traded Funds (ETFs) on the London Stock Exchange (LSE), is set to be officially released in December. The app’s team will run a pre-launch giveaway. A giveaway with the total prize of 15,000 GBP worth in shares

Shares in Allegro, Poland’s number one commerce platform and the most recognized e-commerce brand in the country with over 12.3 million active buyers and over 117,000 merchants as of 30 June 2020, have today begun trading on the Warsaw Stock Exchange, marking the completion of Poland’s largest ever IPO. Commenting on today’s stock exchange debut, François Nuyts, Chief Executive Officer, said “With