In the Press

Arbor Ventures Establishes Strategic Partnership With Tokio Marine to Accelerate Innovation in the Insurance Industry

August 11, 2022
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Arbor Ventures
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We are very excited to announce our strategic partnership with Tokio Marine Insurance Group and look forward to working together to accelerate innovation in the insurance industry. Melissa Guzy, Managing Partner of Arbor Ventures, commented: "Tokio Marine is a world-renowned leader that Arbor is proud to add as a strategic partner in building the future of FinTech / InsurTech. Arbor looks forward to building the next generation of transformational InsurTech startups together".
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Dubai Buy Now, Pay Later Firm Tabby Secures $150 Million Financing

August 3, 2022
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Tabby
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Dubai-based buy now, pay later startup Tabby secured financing worth $150 million from two US-based investors, in what the company said is the largest credit facility for a fintech firm in the Gulf region. Part of the financing comes from New York’s Atalaya Capital Management, its first deal in the Middle East and North Africa. In addition, San Francisco-based Partners for Growth increased its initial $50 million commitment, Tabby said. Firms like Tabby allow customers to purchase goods and pay for them in instalments. Tabby expects demand to continue rising in the Gulf where access to credit is scarce. Less than 20% of the population has a credit card in Saudi Arabia, the largest Gulf economy, compared to more than 70% in the United States, the firm said.
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Nomi Health Acquires Everyone Health, Sano Surgery

July 13, 2022
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Nomi Health
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As Americans continue to pay more for needed medical treatments and with care costs outpacing the rate of inflation, Nomi Health — the direct healthcare company making it easier than ever to access the highest quality affordable care across the U.S.— has announced two acquisitions to bolster its support of buyers of care and their communities of patients. Nomi Health acquired sister companies Everyone Health and Sano Surgery, both dedicated to affordable and accessible medical treatment, in a $26.5 million purchase.
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TrueAccord Digitally Serves 20 Million Consumers on Path to Financial Health

July 12, 2022
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TrueAccord
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TrueAccord Corp, a debt collection company using machine learning-powered digital recovery solutions, today announced that it has served more than 20 million customers in debt with a digital-first experience. TrueAccord's customer-centric approach and commitment to creating a positive consumer experience is reflected in its 4.7 Google customer satisfaction rating, customer feedback, and an A+ rating with the Better Business Bureau.
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Fundbox Announces Partnerships to Expand Payment Capabilities, Adds Former Goldman Sachs Exec as Chief Product OfficerFundbox Announces Partnerships to Expand Payment Capabilities, Adds Former Goldman Sachs Exec as Chief Product Officer

June 22, 2022
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Fundbox
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Fundbox has partnered with Galileo Financial Technologies, an open API platform that enables unique and differentiated financial solutions, and MetaBank®, N.A., a leading financial empowerment company, to accelerate its product roadmap and help bring innovative products to market. Fundbox also announced the appointment of a new Chief Product Officer, Jin Hwang, who most recently served as Head of Product - Platform at Marcus by Goldman Sachs and previously led the product team at Intuit QuickBooks Capital. Fundbox’s partnership with two leading fintech infrastructure companies and appointment of a Chief Product Officer are part of an ongoing effort to expand its working capital platform. Last year, the company launched Flex Pay, a spend management product that helps business owners better manage their payables, giving customers flexibility and peace of mind that critical business expenses get paid on time. Fundbox has seen significant growth and quick adoption of the product, and reports payment volume increased over 80% quarter-over-quarter, with the median active customer using it over five times a month for applications like payroll, inventory, and rent.
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Alibaba Cloud InCountry Service - SaaS Data Localization

June 22, 2022
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InCountry
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InCountry has partnered with Alibaba Cloud who will host and resell InCountry's data residency technology in China, allowing businesses to expand into China quickly and efficiently, while complying with applicable local data rules and regulations.
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