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Which ellery Designs are Trending Right Now?Antique Jew

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ElitesMindset Editorial Team
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ellery Designs are Trending Right Now
Image Source: elle

Antique jewellery has always been a timeless fashion statement. Its history dates back centuries, and each piece of antique jewellery is unique in design and craftsmanship. The popularity of antique jewellery has risen over the years, with many people opting for vintage pieces with a story to tell. If you want to add traditional antique jewellery to your collection, you may find numerous antique jewellery wholesale suppliers online offering incredible collections. However, before you purchase, it is crucial to understand which designs are trending right now. This article will explore some of vogue’s most famous antique jewellery designs.

Art Deco Jewelry

Art Deco jewellery is popular with people who love vintage style. This type of traditional antique jewellery emerged in the 1920s and 1930s and was known for its geometric shapes, bold lines, and bright colours. Art Deco jewellery was famous for using new materials like Bakelite and plastic. The Great Depression marked the Art Deco period, and people used jewellery to express their creativity and optimism. Today, Art Deco jewellery is still a popular choice for its bold and distinctive style. You can find Art Deco pieces in necklaces, bracelets, and rings.

Edwardian Jewellery

The reign of King Edward VII marked the Edwardian period, which lasted from 1901 to 1910. Edwardian jewellery is known for its delicate and feminine designs. This type of jewellery features diamonds and other precious stones, often made in platinum. Edwardian jewellery is characterised by its use of filigree work and intricate details. Today, Edwardian jewellery is still a popular choice for its timeless and elegant style.

Georgian Jewellery

Georgian jewellery was made during the reign of King George III from 1714 to 1830. This type of jewellery is known for its bold and dramatic designs. Georgian jewellery is designed with diamonds, pearls, and other precious stones. The designs were intricate, and the pieces were often very large. Georgian jewellery was a way to display wealth and status, and the aristocracy often wore it. Today, Georgian jewellery is still a popular choice for its unique and striking style.

Retro Jewellery

Retro jewellery is antique jewellery designed in the 1940s and 1950s. This type of jewellery is known for its bold and colourful designs. Retro jewellery features gold and precious stones like rubies and emeralds. The designs are influenced by Hollywood glamour. Today, retro jewellery is still a popular choice for its fun and playful style.

Tips for Buying Antique Jewelry

If you are considering buying antique jewellery, there are a few things to remember.

  • First, you should consider the style and design of the piece. Antique jewellery is available in various styles and designs, and choosing a piece that suits your style is essential.
  • Second, it is crucial to buy from antique jewellery wholesale suppliers. Make sure that the dealer has a good reputation and that they can provide you with a certificate of authenticity. 
  • Finally, you should set a budget for your antique jewellery purchase. Antique jewellery can be expensive, and it is essential to have a budget in mind before you start shopping. 

In conclusion, traditional antique jewellery is a timeless and unique fashion statement. From Art Deco to Georgian, there are many antique jewellery styles. When shopping for antique jewellery, buying from a reputable dealer is essential, considering the piece’s condition and choosing a style that suits your taste. Whether you are looking for an ensemble to wear every day or for a special occasion, antique jewellery will make a statement and become a cherished part of your collection.

Tips to Style Indian Jewelry with Western Outfits

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ElitesMindset Editorial Team
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Indian Jewelry with Western Outfits
Image Source: eindiawholesale

Indian jewelry is renowned for its intricate designs, vibrant colors, and cultural significance. It has been an integral part of Indian fashion for centuries and is becoming increasingly popular worldwide. However, it can be challenging to incorporate Indian jewelry into Western outfits without looking out of place. This article will explore some tips to style Indian jewelry with Western outfits to create a chic and unique look. And you can shop for western jewellery wholesale in India by going through these tips:

  • Pick the Right Jewelry

The first step in styling Indian jewelry with Western outfits is to pick the right pieces. Indian jewelry comes in various styles, from delicate and understated to bold and dramatic. When choosing jewelry, consider the occasion, outfit, and style. If you are wearing a simple, casual outfit, choose delicate pieces like small studs, simple necklaces, or thin bangles. On the other hand, if you are wearing a more formal or glamorous outfit, choose larger, statement pieces like chandelier earrings, statement necklaces, or chunky bangles.

  • Mix and Match

Another way to incorporate Indian jewelry into your Western outfits is to mix and match different styles. For example, you can pair a chunky Indian necklace with a simple, plain t-shirt and jeans or wear a statement Indian ring with a classic black dress. 

  • Keep It Simple

When styling Indian jewelry with Western outfits, less is often more. Indian jewelry is already quite ornate and attention-grabbing, so pairing it with loud or busy Western prints can be overwhelming. Opt for simple Western outfits in neutral colors to avoid looking too busy or overdone. This will allow your Indian jewelry to be the focus of the outfit and will create a chic and understated look.

  • Experiment with Colors

Indian jewelry is known for its vibrant colors, and incorporating these colors into your Western outfits can be a great way to create a bold and unique look. When choosing colors, look for pieces that complement the colors in your Western outfit. For example, if you are wearing a blue dress, consider pairing it with a gold necklace with blue accents or a red dress with a gold necklace with red accents.

  • Don’t Be Afraid to Layer

Layering can add depth and texture to your outfit, and Indian jewelry can be a great addition to any layered look. For example, you can layer a delicate Indian necklace with a Western choker or wear a simple Western bracelet with a stack of Indian bangles. Layering different styles and textures can create a unique and personalized look that reflects your personal style.

  • Pay Attention to the Details

When styling Indian jewelry with Western outfits, attention to detail is essential. For example, if you are wearing a simple Western outfit, a pair of Indian earrings with intricate detailing can add a touch of elegance and sophistication. Similarly, if you are wearing a more formal Western outfit, a statement Indian necklace with bold colors and textures can add a touch of drama and flair. So you can shop for western jewellery wholesale in India.

Summing Up

In conclusion, Indian jewelry can be styled in many different ways with Western outfits, and it’s all about finding the right balance and mix of styles. Experiment with different styles, colors, and textures to find the perfect look that suits your style and occasion. Remember to wear your wholesale western jewelry with confidence and pride, and don’t be afraid to try something new and bold. With these tips, you can rock Indian jewelry with Western outfits and create a unique and stunning look.

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Snapchat Trump January Snapchatfischeraxios

5 Top Trends in the Construction Industry in 2023

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ElitesMindset Editorial Team
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Trends in the Construction Industry
Image Source: devooghthouselifters

Keeping up with the latest developments in the debates around the construction sector can help decision-makers better adapt to transitions and mitigate the disruptions that often accompany them.

It is essential to be abreast of the latest developments to stay ahead of the competition in a constantly evolving field. To implement many innovative ideas in the building trade, industry players must stretch themselves to adopt novel techniques and materials.

The construction business is poised for some significant changes in 2023.  So let’s put aside our Netflix, our fav book, and our Springbok casino no deposit bonus codes for a few minutes and find out about a few of the most important innovations we’re set to see this year.

1. A rapid expansion of virtual design

Virtual design and visualization is one of the most widely used technologies in the building industry today.

These tools, which can range from Building Information Modeling (BIM) to enhanced Construction Management Software (planning, project management, etc.), allow construction companies to work more effectively. Stakeholders can use desktop, mobile, and virtual reality technologies to access virtual worlds to envision and design structures before construction begins.

Virtual designing allows builders to design structures in a simulated environment during the planning phases, reducing the need for costly rework due to faulty or inaccurate designs (which accounts for roughly 30% of construction project expenses overall).

The most widely used virtual design and construction (VDC) technology in the building sector is Building Information Modeling (BIM). A virtual building or structure model can be created using BIM and used by architects, engineers, designers, and other professionals down to the smallest detail. There has never been a virtual world with such realistic realism before.

These technologies are consistently assisting construction firms in sticking to budgets, reducing costs in some areas, and speeding up construction timetables. Virtual Design and BIM have enabled prefabrication and modular construction.

2. Innovation in building materials

Leaders in the construction industry are under increasing pressure to find more cost-effective and environmentally friendly building materials. Many have responded to these two shifts by working to create new materials that accomplish both of these goals. Among these options is the reuse of C&D materials in the production of engineered wood and aggregate.

By taking these measures, fewer building supplies are wasted in landfills. These materials also serve the growing need in today’s society to consider the long-term consequences of current actions and encourage individuals to take a more eco-friendly approach to daily life.

Also of interest is the possibility that eco-friendlier alternatives to conventional building materials will gain popularity in the future.

Bamboo, for instance, is ready for harvesting in as little as three years. This is a very short time frame compared to lumber, which takes decades to mature. More so than other vegetation, bamboo is more ecologically sound because of its shorter growth cycle.

3. Exoskeletons

Invertebrates have a hard shell or exoskeleton on their backs. As a result, the animal’s body is protected when it’s being used to lift large objects.

Scientists have developed exoskeletons that employees can wear to enable them to bear loads that their bodies otherwise couldn’t handle. In addition to being one of the most exciting new developments in the building industry, exoskeletons have the potential to significantly improve workplace safety and reduce labor costs if they are widely implemented.

A surge in robotic exoskeletons demand is predicted to drive the market to $1.8 billion by 2025. That is up from an estimated $68 million in 2014. ABI Research predicts that by 2025, sales of these suits will have increased to over 2.6 million.

4. Persistent inflation and supply chain issues

Major issues for the construction sector in 2023 include persistent inflation and disruptions in supply chains. Inflation over the past year has driven up the price of lumber, steel, iron, and other necessities. Although some material costs have leveled down, construction project budgets will continue to face challenges well beyond 2023.

Fortunately, shipping delays and order processing times are anticipated to improve this year. However, unforeseen setbacks can increase final costs and lengthen delivery dates.

Contractors in the construction industry may improve their chances of success in 2023 if they adopt specific crucial business strategies. Considering that more than 90% of builders report having difficulty sourcing materials, it’s likely that price increases will continue to skyrocket.

According to figures published by the AGC in June 2022, the cost of building supplies for commercial and institutional construction projects had increased by 17% from June of the previous year.

There were even some instances where they were higher. The bottom lines of construction companies in 2023 are anticipated to be impacted by these shortages and price increases.

5. Modular and prefab construction

These methods have been used in the construction industry before. In the 1940s, when war-ravaged cities turned to prefabrication to repair their destroyed structures.

Prefabs have made a comeback in recent years as governments strive to quickly manufacture low-cost but high-quality structures to address housing crises around the world. The technology had faded after World War II.

Modular construction is used for more than just homes. In actuality, investors are also using it to erect offices, warehouses, and other essential infrastructure rapidly. More and more parts can be made away from the actual building thanks to developments in design and construction. As a result, construction time and noise levels are reduced, while the amount of materials wasted is decreased.

The bottom line

It looks like 2023 will be a breakthrough period for the construction sector, bringing more job opportunities, a healthier cash flow, and the satisfaction of seeing businesses expand.

Divvy Seriesann Azevedotechcrunch, Divvy Homes receives $110M in Series C Funding, reports Ann Azevedo on TechCrunch

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ElitesMindset Editorial Team
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Divvy Seriesann Azevedotechcrunch
Image Source: DivvyHomes.com

In a Series C round led by Tiger Global Management, Divvy Homes has secured a $110M investment to help people achieve the American dream, as per Ann Azevedo on TechCrunch.

Key Takes:

  • Divvy Homes secures $110M in Series C funding round led by Tiger Global Management
  • Started in 2017 in San Francisco, taking a digital approach to the traditional rent-to-own model 
  • Divvy Homes helps people buy homes by buying the house and renting it back to the owner 
  • The customer pays monthly rent with a portion going towards saving for a down payment
  • The company has raised over $1.2 billion in 7 funding rounds, with 16 investors

Divvy Homes is helping fuel the American dream by letting people own their houses. What they do is buy the house and rent it back to the owner, as the homeowners build equity. This way, while they are paying “rent” as they would be anyway, they slowly buy the house, thanks to Divvy Homes. [Divvy SeriesAnn AzevedoTechCrunch]

As reported by Ann Azevedo on TechCrunch on February 2nd, 2021, Divvy Homes just bagged a whopping $110 million investment from angel investors. The investment round was led by none other than Tiger Global Management, while other big fish also participated in the round, including JAWS Ventures, a16z, Moore Specialty Credit, GGV Capital, and others.

In its seed round in January 2018, Divvy Homes received $7 million with Caffeinated Capital being the lead investor. Fast forward to October 2021, the company raised $735 million. To date, Divvy Homes has raised over $1.2 billion in a total of seven funding rounds featuring 16 investors, 5 of them are Lead investors of the company. 

As Covid-19 hit and affected the global financial markets, especially the housing market, we saw that mortgage rates were dropping which, on paper, should have allowed more people to buy a house, but we do know that the banks always win. The banks, instead of promoting more people to finally buy a house, were tightening the requirements for approval, as per Divvy Homes. [Divvy SeriesAnn AzevedoTechCrunch]

Divvy Homes co-founder Adena Hefets said that Divvy Homes stopped buying new homes to see how the market would react to Covid-19 and noticed that the world is trying to buy homes more than ever. 

“We actually paused home buying for March and April and just kind of stood still waiting to see what would happen to the world… And when it felt like the world became stable again, we said, ‘Okay, let’s get back out there,’ “ stated Adena Hefets.

“Mortgages were harder to get yet we were seeing this mad rush of people who wanted to move out of multifamily and downtown areas… So while traditional financing dried up, we saw a really good tailwind for our business,” she added. 

“A huge number of people want to become homeowners but just can’t,” said Alex Rampell, an Andreessen Horowitz General Partner.

“So they’re not spending the first nine months after purchasing a home looking for a tenant… they’re not speculating on an empty house and worrying what happens if they buy a home and can’t rent it out,” he added.  [Divvy SeriesAnn AzevedoTechCrunch]

About Divvy Homes

Founded in 2017 in San Francisco, California, Divvy Homes takes a digital approach to the old rent-to-own model. For those who don’t qualify for a cost-effective mortgage or a home loan at all, Divvy Homes buys the home for them and rents it back to them for three years, becoming their landlord.  

The customer moves in and pays a monthly rent, with a portion going towards saving for a down payment. After three years, they can use the saved amount to buy the home from Divvy, or continue renting if they want. This allows the future homeowner to gradually save and eventually purchase the home, thanks to Divvy Homes. [Divvy SeriesAnn AzevedoTechCrunch]

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Snapchat Trump January Snapchatfischeraxios

Snapchat Trump January Snapchatfischeraxios

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ElitesMindset Editorial Team
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snapchat trump january snapchatfischeraxios
Image Source: GSMArea

On January 7, A Snapchat spokesperson confirmed that Donald Trump’s Snapchat account was blocked, as reported by Sara Fischer on Axios. The Snapchat ban follows Facebook, Instagram, and Twitter.

Key Takes:

  • Donald Trump’s Snapchat account was banned on January 7, 2021
  • He was banned due to spreading hate and promoting violence, which goes against Snapchat’s community guidelines
  • The ban follows similar actions taken by Facebook, Instagram, and Twitter
  • The account was locked, then permanently banned one week later
  • Snapchat’s ban was based on Trump’s attempts to spread misinformation, hate speech, and incite violence
  • Snapchat claims to have stricter rules regarding hate speech and violence compared to other social media platforms, which resulted in the ban

The former President of the United States, Donald Trump, was banned from major social media platforms amid the Washington chaos. Snapchat is the latest to ban Trump dated January 7, 2021, becoming the 4th in the list led by Facebook, Instagram, and Twitter. [Snapchat Trump January SnapchatFischeAaxios]

Trump’s Snapchat account would no longer be seen in the “Discover” section unless it is searched. (more on this later in the article)

A Snapchat spokesperson made the public statement and confirmed that the former president’s Snapchat account has been locked as the account spreads hate and promotes violence, something that’s against Snapchat’s community guidelines. 

“Hate speech or content that demeans, defames, or promotes discrimination or violence on the basis of race, color, caste, ethnicity, national origin, religion, sexual orientation, gender identity, disability, or veteran status, immigration status, socio-economic status, age, weight, or pregnancy status is prohibited,” the community guidelines read. [Snapchat Trump January SnapchatFischeAaxios]

As reported by Sara Fisher on Axios and stated by Rachel Racusen, a Snapchat spokesperson, “We can confirm that earlier today we locked President Trump’s Snapchat account,” reads the statement.

President Trump made some hateful comments and “violated” Snapchat’s community guidelines which resulted in the photo-sharing platform taking action against him and locking his account. One week after Snapchat locked Trump’s account, an official statement came from Snapchat on January 14th, that Trump’s Snapchat account has been permanently banned. 

First, Facebook, Instagram, Twitter, and Snapchat had locked or temporarily disabled his accounts, as reported by Sara Fischer on Axious, but after Twitter banned his account once and for all, Snapchat followed and permanently banned Donald Trump’s Snapchat account. It is said that Trump was imposing threats to democracy and making bold statements. [Snapchat Trump January SnapchatFischeAaxios]

Trump permanently banned on Snapchat

“In the interest of public safety, and based on his attempts to spread misinformation, hate speech, and incite violence, which are clear violations of our guidelines, we have made the decision to permanently terminate his account,” stated the Snapchat spokesperson on the Trump ban. 

A Snapchat spokesperson said that Snapchat is unique from other social media platforms and has stricter rules when it comes to hate speech and violence. Snapchat was designed “to protect against the spread of misinformation and harmful viral content.”

“Our platform is built for communicating with close friends, we have long deliberately emphasized curated and moderated content, and we don’t allow unvetted content to be shared with a large audience,” said the spokesperson. [Snapchat Trump January SnapchatFischeAaxios]

Read more:

Clark 69m Series Tencent, Frankfurt-based Clark raises €69M in Series C round led by Tencent

Clark 69m Series Tencent, Frankfurt-based Clark raises €69M in Series C round led by Tencent

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ElitesMindset Editorial Team
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Clark 69m Series Tencent
Image Source: AltFi

Clark 69m Series Tencent, In a Series C funding round led by Tencent, a Germany-based insurance company Clark has raised €69M to fund accelerate its product and user growth.

Key Takes:

  • Clark, a digital insurance platform in Frankfurt, raised €69 million in a Series C round led by Tencent 
  • The funds will be used for product and user growth
  • Clark serves customers in Germany and Austria and uses a customer-centric, tech-driven approach to recommend insurance plans
  • To date, the company has raised over $137 million in funding with Tencent as a lead investor

Clark, a digital insurance platform based in Frankfurt, Germany, has raised €69 million in a Series C round led by the Chinese tech tycoon Tencent. Existing investors of Clark including Yabeo, Potage3 Venture, and White Star Capital also participated in the round. [Clark 69M Series Tencent]

Clark was founded by Dr. Marco Adelt, Steffen Glomb, Christopher Oster, and Chris Lodde. At first, Clark target the German insurtech market and served over 300,000 customers, but now, as the company keeps growing, the digital health insurance platform expanded its footprint to Austria, a neighbor to Germany. 

Clark states that the company will use this funding to help accelerate its growth and create more and improved digital health products. “We are thrilled that Tencent will help us grow even faster to achieve our goal of becoming the largest insurance broker for consumers in Europe,” stated the CEO of Clark, Christopher Oster. [Clark 69M Series Tencent]

Alex Leung, Assistant General Manager at Tencent, thinks that Clark is the most decorated digital health product in Germany. What makes Clark unique from the competition is its customer-centric approach to doing business, which makes it “a clear market leader in the digital insurance industry in Germany,” as stated by Leung. 

“Clark has proven its capability in using a tech-driven and customer-centric model and becomes a clear leader in the digital insurance industry in Germany. We are glad to invest in Clark, supporting the company to fuel its growth in the insurtech industry,” Leung added. 

Whenever a user is added to Clark, its unique algorithm-based models search the entire insurance database and recommend the best insurance plans based on their preferences, medical history, and budget. It also compares different insurance providers and compares their rates for the customer as well. The app is available on Android and iOS devices. Clark is currently serving in Germany as Austria comprising 500-1000 employees. 

To date, the company has raised over $137 million in funding, the latest being this Series C fund of EUR 69m led by Tencent. Clark is funded by 21 investors, and the lead investors are Target Global, Lexington Partners, White Star Capital, Portage Ventures, and Tencent. [Clark 69M Series Tencent]

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29m Series Capitallardinoistechcrunch ,$29M Raised by Lumigo in Series A round led by Redline Capital

29m Series Capitallardinoistechcrunch ,$29M Raised by Lumigo in Series A round led by Redline Capital

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ElitesMindset Editorial Team
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29m Series Capitallardinoistechcrunch
Image Source: Jewish Business News

In a series A funding round led by Redline Capital, cloud-native debugging platform Lumigo has raised $29M, as reported by Frederic Lardinois on TechCrunch (29m Series Capitallardinoistechcrunch)

Key Takes:

  • Lumigo raised $29 million in a Series A funding round led by Redline Capital
  • Total funding raised to date is $37 million from several investors
  • Lumigo provides cloud monitoring and debugging services for serverless cloud applications such as AWS DynamoDB, S3, etc.
  • Offers a paid SaaS package and a free version with a command line tool 
  • Plans to expand coverage to SaaS services for virtual machines and containers
  • Have official collaborations with Sonos, Medtronic, and Vimeo
  • Will use the funding to expand its team of 30 people for marketing, product development, and research

In a series A round led by Redline Capital along with Vertex Ventures US and Wing Venture Capital, Lumigo successfully bagged a $29 million funding from existing inventors including Grove Ventures, Meron Capital, and Pitango First. With this latest $29 million in their bag, Lumigo has raised a total of $37 million to date. (the company was founded in 2019) [29M Series CapitalLardinoisTechCrunch]

About Lumigo

Lumigo is a cloud-native monitoring and cloud debugging platform that provides services to serverless cloud applications such as AWS applications DynamoDB, S3, etc.

The main point of Lumigo was to make transactions transparent so that businesses can visualize how the money as well as their confidential data flow between pipelines. To do so, if there’s a problem, the companies can easily diagnose the issue without involving the whole system.

Lumigo is what comes in handy when solving such problems involving serverless applications. Lumigo’s services come in two forms: 

A paid SaaS package which also includes a free tier so you can try before switching to the paid version.

A free version that features a command line tool that helps you track all the Lambda and Kinesis-based services for free.

At first, Lumigo focused on covering cloud-native services such as DynamoDB, S3, Lambda, and API Gateway, but now, the company has bagged some money and is focusing on expanding its horizon. According to Lumigo, the cloud-native application monitoring platform has plans to expand and cover SaaS services that cover virtual machines and containers. [29M Series CapitalLardinoisTechCrunch]

Lumigo is now more successful than ever. With its official collaboration with tier 1 companies including but not limited to Sonos, Medtronic, and Vimeo, the company is looking forward to providing its debugging and cloud monitoring services to more angel tech companies.

With their latest investment, the company is looking forward to expanding its team of 30 people, more specifically, doubling the team to focus on marketing and product development, and research. [29M Series CapitalLardinoisTechCrunch]

Lumigo and Investors

Since the company was founded in 2019, the cloud-native platform has received over $37 million in funding. The funding was received in two rounds: 

Seed round led by Grove Ventures and Pitango Venture Capitals, Lumigo secured $8 million – the total number of investors in this round was three.

Grove Ventures (Lead) Seed Round
Pitango VC Seed Round
Meron Capital Seed Round

Series A round led by Redline Capital, Lumigo secures $29M – the total number of investors in this round was six.

Redline Capital Series A
Grove Ventures Series A
Pitango VC Series A
Meron Capital Series A
Vertex US Series A
Wing Venture Capital Series A

Lumigo CEO Erez Berkner x Redline Capital on Lumigo and Its Future

Lumigo CEO Erez Berkner x Redline Capital on Lumigo and Its Future
Image Source: Erez Berkner YouTube

“Most other Observability platforms have just tacked serverless features onto what were essentially legacy products… Lumigo was designed from the ground up for cloud-native environments, allowing us to offer deep monitoring, distributed tracing, and debugging features tailored to the modern cloud technologies and expand outwards to containers and Kubernetes in a way that actually fits how cloud-native apps are designed and operated,” said Erez Berkner, CEO Lumigo.

Most other Observability platforms have just tacked serverless features onto what were essentially legacy products
Image: Benno Jering (YouTube)

“Correlating millions of log lines, traces, and metrics across distributed services is pretty close to impossible and just gets harder with scale… Lumigo’s offering solves an ever-growing problem for cloud-native applications; understanding applications as more than just the sum of their parts,” stated Benno Jering, Redline Capital partner. [29M Series CapitalLardinoisTechCrunch]

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French 25m Long Arc Capitaltuckereustartups, French app TagPay (Skaleet) raises €25m, round led by Long Arc Capital [Tucker/EU-Startups]

French 25m Long Arc Capitaltuckereustartups, French app TagPay (Skaleet) raises €25m, round led by Long Arc Capital [Tucker/EU-Startups]

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ElitesMindset Editorial Team
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French 25m Long Arc Capitaltuckereustartups
Image Source: Eu-startups

The French digital banking startup TagPay has raised €25 million in an investment round led by NY-based Long Arc Capital, as per Tucker on EU-Startups.

Key Takes:

  • French digital banking start-up TagPay (Skaleet) raised €25 million in an investment round led by Long Arc Capital (French 25m Long Arc Capitaltuckereustartups)
  • TagPay provides complete services to startups and banking systems to help them launch financial products
  • The company aims to transform outdated Core Banking System (CBS) technology into a low-cost, fast, and scalable system.
  • Currently, TagPay provides services such as card and account management, SEPA, KYC, and General Ledger
  • Operating successfully in Africa, Europe, and Latin America
  • TagPay plans to grow in the European market, work with 50 financial companies and serve 30 million customers while adapting to local market specifics

In a recent funding round led by a New York-based equity firm Long Arc Capital, TagPay, now Skaleet, has successfully bagged  €25 million to help build human capital and launch new and improved financial products in order to match the rising demand in fintech. [French Tagpay 25m Long Arc]

TagPay (now Skaleet) is a SaaS (Software as a service) that enables startups to launch new financial services for the masses. TagPay provides complete services (as they call it suites) to startups as well as banking systems to help them scale and secure their financial products.

The Core Banking System (CBS) is slow, outdated, and unnecessarily expensive. According to TagPay, the company is on the verge of transforming this old technology into a low-cost and open architecture which will improve its speed and make it a lot more convenient to scale, as per the demand. 

The French company is already providing sustainable solutions to businesses and customers; features such as card and account management, SEPA, KYC, and General Ledger are some of the most significant as of today. TagPay’s new and improved CBS allows companies to build scalable solutions and follow agility so that they can only worry about their offerings and financial products, while the rest is taken care of by TagPay’s CBS.

Even though TagPay is a start-up at the time of this investment, it is noted that mundane startups struggle with growth, not to mention huge funding. Currently, TagPay is operating successfully across Africa, Europe, and Latin America, as reported by Charlotte Tucker on EUStartups.

Vincent Fleury, a Long Arch Capital Partner on TagPay and Next-Gen CBS

Vincent Fleury, a Long Arch Capital Partner on TagPay and Next-Gen CBS
Image Source: LinkdeIn

“As financial institutions begin to see the benefits of next-generation Core Banking Systems, TagPay is demonstrating their full potential by offering a configurable and connectable banking environment that meets the highest security standards. We are delighted to support them in this new phase of growth”

TagPay, after having received the 25 million euros funding, now has plans to grow in the European market. They want to work with about 50 financial companies and serve over 30 million customers. TagPay will also adjust to the unique features of different markets. [French 25M Long Arc Capital Tucker/EUStartups]

Read more:

Mynt Filipino Globe Telecom 175m Techasia, Filipino fintech app Globe (Telecom) “Mynt” Bags $175M [TechAsia]

Mynt Filipino Globe Telecom 175m Techasia, Filipino fintech app Globe (Telecom) “Mynt” Bags $175M [TechAsia]

By
ElitesMindset Editorial Team
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Mynt Filipino Globe Telecom 175m Techasia
Image Source: CNN Philippines

A Filipino fintech company Mynt [Globe (telecom)] has raised $175 million in funding, as the global mobile payments are in demand amid and post-pandemic, as per TechAsia. (Mynt Filipino Globe Telecom 175m Techasia)

Key Takes:

  • Mynt, a Filipino fintech company, raised $175 million in funding from ASP Philippines
  • Mynt operates GCash, an e-wallet that saw a record-breaking 3.8 trillion peso transaction volume in 2021
  • The investment valued the company at $2 billion, achieving a double unicorn status
  • 2020 saw over 1 trillion pesos ($20.8 billion) worth of transaction volume for GCash
  • The pandemic has accelerated the shift toward a cashless lifestyle
  • Bow Wave Capital Management, Warburg Pincus, and Insight Partners are three top investors in Mynt
  • Mynt has raised $475 million to date from two funding rounds

Mynt is another arm of global telecom giant Globe, and also operates GCash, an e-wallet that facilitates millions of users in the Filipino fintech market. As there was a surge in online payments amid the pandemic, Mynt saw an opportunity to show good numbers and bag fresh funding of $175 million from ASP Philippines. [Mynt Filipino Globe Telecom 175M TechAsia]

The investment fund was funded by ASP Philippines, and managed by Bow Wave Capital Management, along with the company’s ongoing shareholders. 

Mynt, the fintech firm, accurately predicted a transaction volume of 3 trillion pesos during its $300 million funding round, reported by TechInAsia. The prediction proved true as Mynt reported a record-breaking 3.8 trillion pesos transaction volume on GCash in 2021.

After this investment, the company is now valued at $2 billion, achieving a double unicorn status.

According to Mynt,  2020 was a good year for the company, especially for its e-wallet, GCash. The pandemic-affected year (2020) registered over 1 trillion pesos ($20.8 billion) worth of transaction volume, making Mynt and GCash relevant in the Filipino market. GCash is a multipurpose online wallet having features such as investing, transactions, mutual and market funds, etc.

“The pandemic has acted as a catalyst in highlighting the importance of digital finance in society today,” stated Martha Sazon, CEO of Mynt. 

“We are encouraged by the fact that Mynt’s momentum has continued, even as the country moved out of quarantine restrictions, suggesting a fundamental shift in our customers’ behavior toward a cashless lifestyle,” stated Ernest Cu, board of chairman, Mynt.

“We are confident of furthering Mynt’s market leadership and creating positive and transformative disruption in the Philippine financial services sector,” Cu added. [Mynt Filipino Globe Telecom 175M TechAsia]

Most venture capital firms today follow a strategy or a pattern of angel investors in order to feel security from their investments. For instance, one of the investors of this $175 million fund, Bow Wave Capital, follows the strategy of the big fish namely, Alibaba and Ant Group. Also, they have a history with mobile and e-payments, which is why Mynt caught their attention.

Another factor to be noted here is that it is Bow Wave’s first time investing in a Filipino company, which is likely to develop into a long-term financial relationship with the Filipino fintech industry.

Mynt and GCash

Mynt, the innovative fintech company, has had a successful journey so far, with two funding rounds under its belt. According to Crunchbase, the company has raised an impressive $475 million to date. 

With such strong financial backing, it’s no wonder that Mynt is making waves in the industry. Three of the top investors that have supported Mynt’s growth are Warburg Pincus, Insight Partners, and Bow Wave Capital Management. These three powerhouses have recognized the potential of Mynt and have played a significant role in its success.

Deven Parekh, Managing Director at GCash, says that their e-wallet [GCash] has “created the most compelling product to reach the massively underserved market in the Philippines.” [Mynt Filipino Globe Telecom 175M TechAsia]

What Are The Benefits Of Hiring Outsourced Accounting Services For E-Commerce Businesses?

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ElitesMindset Editorial Team
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Outsourced Accounting Services For E-Commerce Businesses
Image Source: Pixabay

An e-commerce company must maintain up-to-date financial records to sustain, expand, and succeed in the long run. Additionally, maintaining financial records helps them gain in-depth knowledge about their performance, profits ratios, cash flow statements, and the overall financial position of the business. In order to ensure efficient record-keeping and accounting, e-commerce business owners can either look for an in-house team or hire outsourced accounting services.

However, outsourcing is much more cost-effective than investing in an in-house team. Outsourcing your bookkeeping and accounting tasks to a trusted and reliable accounting firm is the most cost-effective way to maintain and control the flow of your funds without investing too much time and resources. So, let us learn about the top benefits of outsourced accounting services for e-commerce businesses.

Top benefits of outsourcing e-commerce accounting tasks

Some of the top advantages of hiring outsourced accounting services for your e-commerce organization include the following.

  1. Cost-efficient: When you compare overloading the in-house team with an excessive workload and intertwining responsibilities and activities with hiring a team of outsourced experts to manage the entire accounting process, outsourcing your e-commerce accounting process proves more cost-effective. With outsourced accounting services, you can eliminate the costs of hiring and training the staff as well as the costs of providing social security benefits, office space, supplies, etc.
  2. Time-saving: Outsourcing the accounting process to a reputed and reliable accounting firm enables e-commerce business owners to tap into a team of experts and skilled professionals who are proficient and quick in their work. As a result, you can save time and invest the same into other productive activities. With the assistance of such experts, you can also save time in data migration from one accounting software to another. For example, if you are currently using QuickBooks and want to migrate to NetSuite, you can hire an outsourcing firm that offers NetSuite accounting services. This way, you will be able to relax and avoid any hassles related to data migration. 
  3. Experienced and qualified accounting experts: With the help of outsourcing, you get to work with skilled accounting professionals familiar with the standard policies and procedures used in the e-commerce business. You do not have to deliver instruction or guidance to them because these professionals have extensive tax and finance experience, based on which they can offer professional assistance. Additionally, you also get to collaborate and team up with such specialists and gain accurate accounting and finance understanding, including the latest updates about various regulations and amendments. In this way, these experts offer you the finest financial and accounting services without paying any extra charges for the expert services.
  4. Access to the latest technology: With the help of a reliable outsourced accounting service provider, you gain access to the latest cloud-based technology. The cloud-based software can carry out all of your e-commerce store’s operations with full accuracy. Also, if you have existing software, you can easily transfer data without any hassle. To put it another way, you do not have to swap numerous apps and software portals to organize your e-commerce activities. You can choose a service provider specializing in your accounting software. For instance, e-commerce businesses using NetSuite can look for outsourcing companies that provide NetSuite accounting services. Hence, you gain access to up-to-date cloud-based technology along with professionals by your side.
  5. Reduced financial misconduct: When it comes to financing and accounting, there are a lot of things that can go wrong. Financial misconduct can take many forms, from embezzlement and fraud to mismanagement of funds. It can occur in both small e-commerce businesses and large ones. Outsourcing your e-commerce accounting can help to reduce the risk of financial misconduct. When you outsource your e-commerce accounting, you work with a team of experienced financial management professionals. They help ensure that your finances are being managed correctly and that there is no room for error. Otherwise, if your business is found to violate any applicable laws and regulations, it might face severe repercussions. Thus, obtaining expert assistance with your accounts help you to avoid costly mistakes in your books of accounts.
  6. Promotes effectiveness: If an e-commerce organization has an in-house accountancy firm, it will face performance degradation whenever there is a provisional deficit in human resources due to prolonged sick leave, maternity benefits, or staff resignation. Such situations can keep you in a bind and compel you to hire and train new personnel while offering layoff reimbursement to current ones. Contrary to this, you would not need to bother about such circumstances if you hire outsourced bookkeeping and accounting services since your accounting system would be managed with utmost attention and diligence by a team of experienced accountants who will always be present to look after your books. As a result, you will be relaxed to devote complete attention to crucial business tasks, enhancing your efficiency and effectiveness.
  7. Flexibility: Finally, outsourced accounting services provide flexibility to your e-commerce business in a number of ways. First, it allows businesses to scale their operations more quickly and efficiently by freeing up internal resources and providing a team of professional accountants who constantly work on the business’s finances. Second, it provides e-commerce businesses access to specialized expertise and knowledge they may not have in-house. Lastly, it can help manage cash flow more effectively by giving more visibility into the financial situation. 

Conclusion

If you are looking for ways to reduce costs and improve efficiency within your e-commerce business, outsourcing could be the answer you have been searching for! Generally, e-commerce companies outsource their bookkeeping and accounting tasks to a well-established and trustworthy outsourcing firm. With a trusted outsourced accounting partner, you can get the most out of your business without sacrificing quality or having to add additional staff members. Outsourcing will provide peace of mind as reliable and expert accountants take care of everything financially related. 

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