Parcel delivery firm Evri to invest £1 million in AI strategy
Uk-based Evri will invest £1 million in its AI strategy in a bid to transform its customer service and streamline the delivery process.
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Tag: investment
Microsoft and G42 to roll out $1 billion digital ecosystem plan in Kenya
The G42-led initiative will include a state-of-the-art data centre that will enable Microsoft Azure to be run in a new East Africa Cloud Region.
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Mitgo Ventures invests in Qoala cashback service under new funding program
The backing of Qoala comes amid plans by Mitgo Ventures to invest at least 15% of the program’s $20 million capital in businesses from the MENA region.
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Microsoft invests $1.5 billion in UAE-based AI firm
Microsoft has announced a major investment with plans to accelerate AI development in the region and elsewhere.
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Saudi’s first Web3 and blockchain VC fund invests in fintech Takadao
Adaverse has invested an undisclosed sum in Saudi Arabia-based fintech Takadao, making it the first venture capital fund in the Kingdom to specialise in Web3 and blockchain early-stage investing.
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MoonPay launches investment arm to drive adoption of Web3
MoonPay Ventures division will engage with early-stage companies across the Web3 and fintech ecosystem with plans to offer capital as well as access to resources and expertise.
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EIB invests €40 million in scale-up of Wingcopter electric delivery drones
Wingcopter’s electrically powered unmanned aircraft have already been used to deliver goods as part of several small-scale commercial and humanitarian projects
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TerraPay partners with Visa to accelerate digital cross-border trade
The investment from Visa helps TerraPay to further expand its payments infrastructure and services to address new payment corridors and use cases in the remittance and payments space.
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Cosmose raises $500m to expand application of AI in consumer retail
The company said the investment will support the transition to a Web3 ecosystem including increased data protection for Cosmose users.
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Lloyds invests £10 million in Yoti’s digital identity app
The investment will support the launch of a new “reusable identity proposition” later this year
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