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Fintech startup EduFi secures $6.1m led by Zayn VC to launch student loans with Study Now Pay Later

EduFi

Education is a lever of economic growth and social development in any country but poor quality state school provision often drives many families to fee-paying schools. Helping these families manage the financial challenges of school fees, EduFi is today announcing a $6.1m funding round for its Study Now, Pay Later lending platform. It has launched in Pakistan, a country where 40% of students are attending a fee-paying school and spending over $14 billion for their education every year. The pre-seed funding round was led by Zayn VC with participation from Palm Drive Capital, Deem Ventures Ltd, Q Business, Abhi, Adalfi, Techlogix and other angel investors. EduFi is a fintech platform and mobile app that enables students to secure loans for their school fees. EduFi works with liquidity providers and schools to drive successful student loans. The platform is underpinned by a proprietary education sector focused credit scoring model using advanced machine learning algorithms and artificial intelligence. Aleena Nadeem, Founder & CEO of EduFi commented: “We conceived and built this product to serve markets that have low credit penetration. Pakistan presented an ideal opportunity to launch because the need is the greatest and we had a first-mover advantage. Firstly, banks don’t offer student loans, instead users take personal loans which are riddled with a high cost of origination owing to physical verification of identity, personal assets and financial health. The absence of credit scoring has restricted credit access to a thin, top tier of customers. We want to expand the credit and student loan opportunity to a much wider audience of students across the country. Secondly, we feel student loans can be a bridge to the country’s two biggest problems - high levels of poverty and low literacy rates - and catalyze economic growth”. The EduFi team has created a full tech stack that provides visibility to liquidity providers on their capital performance and enables schools to capture student performance metrics such as attendance, overdue fees, drop out rates and academic performance of the students. In addition, the EduFi App UX offers an unparalleled pathway for users to quickly and easily access student loans. Combined, this end-to-end tech stack powers the EduFi credit scoring system to disperse student loans within 48 hours of application. The loan journey offers a faster and simpler application process, fast loan disbursement, flexible repayment options and provides more convenience and accessibility than the traditional lenders. EduFi has ended the weeks of manual work to a few minutes in offering and making a student loan. Headquartered in Singapore, EduFi was founded in 2021 by Aleena Nadeem. Having benefited from an MIT education and a successful finance career, her conviction that education opens pathways was the genesis for EduFi. The wider team has over several decades combined experience across banking, education and technology. The EduFi model is based on research and analysis the team conducted on the cultural, social, and economic factors that shape the decisions and behaviors of parents regarding education and finance. Based on these insights, EduFi is designed to be intuitive, transparent, and secure for the users. EduFi’s vision is to be more than a platform but a lifeline and community for aspiring students to unlock their true potential. Through its partnerships with 15 colleges across Pakistan, EduFi is now available to over 200,000 students to pay their school fees. Aleena Nadeem, CEO and founder of EduFi commented: “Education offers hope and can change the lives of people. I am one example of millions out there. EduFi offers this hope and will be a trigger for change in the lives of people as we lift one of the biggest burdens on aspiring families. For example, students in dental or medical schools have to pay upwards of $8,000 upfront which is not sustainable for many in Pakistan. Every student we’ve helped is testament to the ambition, opportunity and empowerment we are striving for at EduFi.” According to a recent Unesco report, families in Pakistan spend 57% of their income on children's education, a sum total of $14 billion annually. Pakistan ranks second across South Asia and Southeast Asia in terms of expenditure on education. This presents a significant opportunity for EduFi to support students on their academic journey. Faisal Aftab, General Partner & Founder at Zayn VC commented: “We are thrilled to support Aleena's vision for EduFi, which aims to provide financing options for families to fund their children's higher education. This is a significant step towards achieving financial inclusion for middle and low-income families. In Pakistan, families spend more than 50% of their income on their children's education, which has become increasingly challenging due to inflationary pressures. EduFi's innovative approach will help alleviate this burden and empower families to invest in their children's future.” About EduFi Headquartered in Singapore, EduFi was founded in 2021 by Aleena Nadeem. It is Pakistan's first student loan platform, helping students finance and plan for their education. The innovative platform streamlines the borrowing process, making it easy for students to apply for loans and access funds quickly. For more information please visit: https://www.edufi.tech/ About Zayn VC Zayn Venture Capital (Zayn.VC) is a prominent Venture Capital Fund, spearheaded by Faisal Aftab, that is dedicated to supporting and financing innovative Pakistani start-ups that are leveraging technology to revolutionize various industries. Zayn VC primarily focuses on early-stage tech companies and, although they are sector-agnostic, they meticulously analyze each company through a FinTech lens. For further details, please visit www.zayn.vc. Contact Details EduFi Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.edufi.tech/

November 10, 2023 07:00 AM Eastern Standard Time

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Holiday Kick-off!

News Media Group, Inc.

Contact Details Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/

November 10, 2023 07:00 AM Eastern Standard Time

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News Release

Minelab Revolutionizes Cryptocurrency Mining with AI-Backed Innovation

King Newswire

( King NewsWire ) - MinLabz, an AI-backed mining platform, has set a new standard in cryptocurrency mining, providing a robust and dependable infrastructure for enthusiasts looking to maximize their earnings while focusing on user-friendliness and profitability. Recent advancements by MineLabz have empowered users to access their mined Bitcoins and receive instant payouts directly to the BTC wallet of their choice. This seamless process is quick, hassle-free, and comes without any limitations, allowing users to effortlessly purchase new hash power directly within their account dashboard in a matter of seconds. MineLabz has offered an affordable way to earn BTC, with daily mining income starting at $10. Whether the user is a seasoned miner or a newcomer to the crypto world, MineLabz makes it easy for them to get started. The system provides confidentiality and robust data security, providing peace of mind to traders managing substantial sums. The company’s mining software intelligently switches between different currencies to maximize profits, bolstering that users consistently earn the maximum possible investment returns. The minimum investment required for AI trading is only 0.05 BTC, and users can start generating a remarkable 55% return on their initial investment in 14 days. MineLabz has set a new standard in cryptocurrency mining by combining technology, user-friendliness, and profitability optimization. The company has empowered miners to achieve their financial goals while fostering a supportive community and prioritizing environmental responsibility. Minelabz offers responsive and helpful customer support. Their dedicated team is ready to assist users in resolving any issues, ensuring an overall excellent experience and satisfaction. For more information about Minelabz and its services, please visit their website.It is available on pancakeswap and bitmart to buy. About MineLabz Minelabz is an AI-backed mining company, offering a cryptocurrency mining experience and a robust infrastructure. This includes state-of-the-art mining hardware and data centers which can lead to more efficient mining. Website: https://minelab.bz/ Telegram: https://t.me/minelabbz Marketing partner: crmoonboy(crmoon) Contact Details MineLabz Alfie hello@minelab.bz Company Website https://minelab.bz/

November 10, 2023 05:13 AM Eastern Standard Time

Orlando's RRV Construction Launches Specialized Division to Address Growing Demand & Cost for Expert Pool Demolition Services

King Newswire

(King NewsWire ) - Pool Removal & Demolition – Orlando; is announcing their new swimming pool demolition division of RRV Construction. They are the #1 demolition company in Orlando. The #1 question many people have in mind is the cost of a pool demolition and there’s basically only 2 options in most municipalities. Those options are what’s called Full Demolition and Partial Demolition. Pool Removal & Demolition have recently positioned themselves to take on a unique market that requires a Florida State Contractor's License. Let’s dive into the options: A Full Swimming Pool Demolition consists of completely removing all swimming pool material out of the hole cavity and back filling the hole with good compactable dirt. Yes, there are different types of dirt out there that work best. Investments vary based on how big your pool is, whether there is a screen to be removed and the square footage of concrete to be removed. The pesty side of this procedure is all the rebar within your pool and contractors do charge accordingly. The investment prices range anywhere from $16,000 - $21,000. A Partial Demolition of a swimming pool consists of completely destroying the swimming pool, leaving pool material in the ground and to bury the destroyed structure. Now, this must be done properly in order to avoid sink holes. We have received several calls from homeowners where we were asked to fix the work or clean up someone else’s mess because they did the procedure wrong. The results of doing it wrong can lead to sink holes and creating a waterbed of a backyard. It’s better to do it right the first time, call us to get it done, rather than spending even more money correcting an amateur’s work. The investment price for this ranges from $10,200 - $16,000. Ron Valdivia, Owner of RRV Construction says; “In the construction field, you get what you pay for, and you certainly do not want to cheap out on this procedure. Launching our new pool demolition division allows homeowners to take advantage of both experience and resources." Some building departments in the state of Florida require a different type of backfill & rely on a contractor's creative experience to get the job done properly. We are positioning are expertise for the homeowner to take advantage of. Reach out to us now for all your demolition needs. https://poolremovalorlando.com/ Contact Details RRV Construction Ron Valdivia Ron@rrvconstruction.com Company Website https://poolremovalorlando.com/

November 09, 2023 03:38 PM Eastern Standard Time

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CWG Markets Proudly Achieves Membership on the London Stock Exchange (LSE)

King Newswire

( King NewsWire ) - CWG Markets, a leading financial services provider, is pleased to announce that it has reached a significant milestone in its ongoing commitment to growth and expansion in the financial market. With this monumental achievement, CWG Markets is delighted to share it with its valued clients and partners as the Company attains membership status on the prestigious London Stock Exchange (LSE). CWG's unwavering commitment to excellence underlines this remarkable development, as well as its significant impact and influence in the financial services industry. Throughout the years, CWG has consistently demonstrated its commitment to providing traders with innovative and customized solutions. Membership on the London Stock Exchange speaks volumes about their reputation and trustworthiness. About the London Stock Exchange (LSE): The London Stock Exchange Group is an integrated financial markets infrastructure business situated at the heart of the world's financial community, with a rich history dating back to 1801. It stands as a global hub for financial activity, facilitating the trading of a broad spectrum of financial instruments, including equities, bonds, results, and more. The LSE is renowned for its rigorous regulatory standards, unwavering commitment to transparency and its pivotal role as a global benchmark for financial markets. It is anticipated that CWG's membership in the LSE will open new horizons for both themselves and their clients. This will reinforce the commitment to providing world-class financial services. The commitment to exceptional service must be strengthened: It is also committed to delivering exceptional service, and it takes great pride in its ability to empower traders with cutting-edge tools and resources. In addition to simplifying the complexities of financial trading, their aim has always been to enrich the experiences of their clients. Their membership in the London Stock Exchange is a testament to the relentless pursuit of this goal. The Company remains committed to upholding its core values of excellence, innovation, and unwavering commitment to customer satisfaction as it embarks on this exciting journey as a member of the London Stock Exchange. In their view, this collaboration will facilitate a prosperous future for all parties involved. What CWG Markets Offers: CWG Markets is not just about membership; they provide traders around the world with a comprehensive suite of services. The platform is designed to meet the needs of traders regardless of whether they are novices or participating professionals. Here are some of the critical features of the CWG Markets platform: Diverse Financial Instruments: The Company offers a wide range of financial instruments, including: Equities Bonds Derivatives Commodities Forex A diverse portfolio allows traders to manage risk effectively and diversify their investments. By joining the London Stock Exchange, they are poised to expand their offerings even further, allowing for greater flexibility and opportunities in trading strategies for their clients. Cutting-Edge Technology: Technology is one of the cornerstones of modern trading, according to CWG Markets. Powered by cutting-edge technology, the platform provides clients with real-time market data, advanced charting tools, and seamless execution. The Company is continuously investing in technology in order to remain at the forefront of the industry and to provide the best trading experience possible. Educational Resources: The world of finance is one where knowledge is power. This is why they provide a variety of educational resources, such as webinars, tutorials, and market analyses, to assist their clients in making informed trading decisions. They are committed to giving their clients the knowledge that will help them succeed. Customer Support: Exceptional customer support is at the core of service. They provide 24/7 support for clients. Their support team plays a crucial role in building strong, lasting relationships with their clients. Regulatory Compliance: The London Stock Exchange membership reinforces its commitment to regulatory compliance. With strict regulatory oversight, CWG Markets ensures its clients' safety and security by adhering to the LSE's standards. A World-Class Financial Services Provider: CWG Markets has earned a reputation as a world-class financial services provider, and membership in the London Stock Exchange is a testament to its commitment to excellence. Whoever is looking to invest in equity, diversify portfolio with bonds, or engage in derivatives trading, CWG Markets has the tools, resources, and expertise to support financial goals. Their Focus on innovation and customer satisfaction sets us apart in the financial industry. Membership in the London Stock Exchange represents a significant step forward in their quest to improve their clients' trading experience. Looking Ahead: CWG Markets remains committed to its core values of excellence, innovation, and customer satisfaction. This collaboration will likely lead to prosperous futures for all. As CWG Markets has grown and expanded within the financial markets, being listed on the London Stock Exchange is a significant milestone. Their commitment to excellence, innovation, and customer satisfaction remains unwavering, and they look forward to a bright future. For more information about CWG Markets and its comprehensive range of services, please visit the website at https://cwgmarkets.co.uk/. About CWG: CWG is a renowned financial services provider committed to offering cutting-edge trading solutions to clients worldwide. With a focus on excellence and innovation, CWG provides access to a wide range of financial instruments and products, empowering traders to achieve their financial goals. Their membership in the London Stock Exchange reaffirms our dedication to delivering top-tier services and expanding their global reach. Thanks for continuing to support CWG Markets and for trust. Contact Details CWG Markets Will +60 1-800-81-9380 complaint@cwgmarkets.com Company Website https://cwgmarkets.com/

November 09, 2023 03:36 PM Eastern Standard Time

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Nextech3D.ai surpasses 60,000 in 3D model creation as company signs up more clients

Nextech3D.AI

Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to share news the company has achieved a significant milestone by delivering over 60,000 models to its customers across various industries. Moreover, Nextech3D.ai anticipates substantial growth in 2024 and beyond, driven in part by increased demand from Amazon. Amazon has gained valuable insights into customer engagement metrics. These insights include an impressive 8-fold increase in the number of customers who have viewed a product in Augmented Reality (AR) on Amazon since 2018. Additionally, a remarkable 94% of customers surveyed by Amazon expressed their willingness to use Virtual Try-On features again. Furthermore, Amazon has observed an average 9% improvement in sales when the "View in Your Room" AR feature is enabled on Amazon product listings. These metrics demonstrate the growing acceptance and impact of AR in e-commerce. Gappelberg also revealed that Nextech3D.ai has secured contracts with notable companies, expanding its reach into various sectors. TecTake: An international e-commerce company offering a wide range of products for work, home, leisure, and the garden. Raptor Tactical: A manufacturer and designer of modern tactical equipment catering to military, police, and law enforcement units. City Grounds: A provider of innovative merchandise for urban cycling needs, offering bicycles, components, streetwear, and active lifestyle apparel. These partnerships highlight Nextech3D.ai's ability to deliver AR and 3D experiences that cater to diverse industries and customer needs. The company's continued growth and expansion into new sectors position it as a leading player in the AR and e-commerce space, poised for further success in the coming years. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

November 09, 2023 02:24 PM Eastern Standard Time

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Comcast Business Technology Empowers California Small Business to Compete with Big Name Brands

Comcast California

Comcast Business today announced that it is providing Direct Appliance Flooring & Home (Direct Appliance) with Comcast Business Internet and Comcast Business Mobile. The combination of these solutions has enabled the expanding small business with the tools it needs to manage its operations more effectively, ultimately helping it to stand out from its competitors. Founded in 1995 as a family-owned store with a mission of, “something simple, but with quality that meets the needs of Modesto,” Direct Appliance has evolved significantly from its beginnings. Today, Direct Appliance has two showroom locations – one in Modesto and one recently opened location in Jamestown – and offers complete, functional rooms that serve as a valuable resource for local designers, builders and contractors. The showrooms allow customers to test working appliances set in lifelike kitchen environments. Despite Direct Appliance’s evolution over time, the essence of the company remained rooted in its original vision for quality and community, emphasizing personal service and hometown values. To help ensure continued quality service for its customers, Direct Appliance knew that in addition to scaling operations at its growing number of brick-and-mortar locations, it would need to expand its e-commerce presence to better compete with big box businesses, both in Modesto and across the state of California. Comcast Business offered the ideal mix of technology solutions for Direct Appliance’s operations, both online and in physical storefronts. “Comcast Business has been a game-changer for us, as its solutions are capable of supporting not only our online pricing and ordering systems, but also members of our staff who work in our showrooms and who travel across California delivering and installing our products,” said Kristofer Winter, president of Direct Appliance. “Thanks to the speed and reliability of our connection, and the flexibility of our mobile solutions, we’re able to focus on what we do best – creating quality experiences for our customers.” Comcast Business' technology solutions provide the connectivity that Direct Appliance staff needs on the ground to deliver quality customer experiences. The connection seamlessly supports the Direct Appliance team’s internet use at showroom locations – a critical operational component, since Direct Appliance’s tags for its products are digital and require reliable bandwidth to access and review. Additionally, Comcast Business Mobile gives Kristopher and his teams the flexibility to connect with each other and customers whenever they need. Simultaneously, the internet connection provides a framework to support Direct Appliance’s plan to put more emphasis on its digital retailing. The internet connection offers the bandwidth and speed needed for Direct Appliance to help keep its website and e-commerce platform up and running, as well as to help effectively manage customer orders and inquiries. “Small businesses are the beating hearts of their communities, helping to spur economic growth and diversity,” said Jacob Mitchell, vice president of sales and marketing for Comcast’s California Region. “Comcast Business’ technology solutions are a perfect match for businesses like Direct Appliance, as we can meet their immediate needs but also work with them to scale our support as they grow their operations.” About Comcast Business Comcast Business offers a broad suite of technology solutions to keep businesses of all sizes ready for what’s next. With a range of offerings including connectivity, secure networking, advanced cybersecurity, and unified communications solutions, Comcast Business is partnering with business and technology leaders across industries and integrating Masergy, a leader in software defined networking, to help drive businesses forward. Backed by a next-generation network, Comcast Business has been recognized for its growth, innovation, and leadership in global secure networking. For more information, call 800-501-6000. Follow on Twitter @ComcastBusiness and on other social media networks at http://business.comcast.com/social. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on connectivity, aggregation, and streaming with 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. Contact Details Comcast Jon Koriel jon_koriel@comcast.com FINN Partners Chloe Huard chloe_huard@finnpartners.com

November 09, 2023 09:00 AM Pacific Standard Time

News Release

Rebel Satoshi The Memeiest Memecoin Around

Blockchain Digest

With their wacky and irreverent design, meme coins have become a prominent category in the cryptocurrency space. These digital assets, which are frequently the result of amusement and mockery have become quite popular and, according to CoinMarketCap, had a market capitalization of over $20 billion in 2022. Introducing Rebel Satoshi Rebel Satoshi is not your typical meme token; it embodies a movement and a mission to transform the cryptocurrency market. With a firm commitment to challenging the status quo, Rebel Satoshi is dedicated to fostering decentralization and countering the influence of powerful elites and centralized organisations. Rebel Satoshi: A Force for Change Rebel Satoshi, the figurehead of the Recusants, embodies the spirit of rebellions reminiscent of Guy Fawkes and Satoshi Nakamoto. As a symbol and membership badge, the $RBLZ token represents a unified protest against the existing order. Community and Purpose Rebel Satoshi brings a unique blend of playfulness and purpose to the crypto universe. The project encourages camaraderie and joy in the pursuit of revolution. Users are invited to participate in interactive missions, games, and meme culture, offering an experience where unity and laughter serve as potent tools. Rebel Satoshi's ambitious goal is to reach a market capitalization of $100 million, demonstrating the strength of a community-led movement. The project aspires to provoke discussions, challenge centralized systems, and advocate for unity and change. Looking Ahead with Rebel Satoshi Could Rebel Satoshi ($RBLZ) emerge as a prominent meme token in 2023 and beyond? With its emphasis on resistance, unity, and decentralization, Rebel Satoshi invites users to become part of a revolutionary crypto experience. The project's presale is now open, offering access to 9,999 NFTs and an opportunity to join the vibrant Rebel Satoshi community. For those seeking the next promising token or meme coin project, Rebel Satoshi presents an enticing prospect with a bright future. The presale for $RBLZ is currently available on the official website, providing early bird surprises for interested participants. Please note that the Discord and Telegram communities are for Recusants and $RBLZ holders only. For the latest updates, be sure to visit the official Rebel Satoshi presale website and join the community today! Contact Details Rebel Red pr@rebelsatoshi.com

November 09, 2023 10:50 AM Eastern Standard Time

Heura Uses ToolsGroup for Digital Supply Chain Transformation to Support Global Expansion

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to announce it has been selected by Heura, a leader in next generation plant-based meat production, to help the company achieve the planning speed and accuracy necessary to transform its supply operations and meet the growing demands of its global expansion. “We started Heura in 2017 to empower people to participate in a more nutritious and sustainable food system. Over the past few years, it has become evident that people are ready for this new era of responsible food sourcing and production,” said Daniel Salrach Ruiz, Supply Chain Director. “With our operations expanding into markets throughout Europe, we realized the need to digitally transform our supply chain so we can keep pace with our increasingly complex network and exciting growth in customer demand. ToolsGroup has been an invaluable partner, helping us drive growth and achieve greater efficiency through automation while reducing inventory 10%.” As Heura’s business grew, so did the complexity of its supply chain. Heura began exploring solutions for digital supply chain transformation and ultimately chose ToolsGroup Service Optimizer 99+ (SO99+). ToolsGroup’s unique AI-powered demand modeling engine enables the planning team to better capture the impact of demand-shaping factors, interpret shifting demand signals for more accurate forecasts, and adapt quickly to Heura’s widening network. ToolsGroup also supports cross-functional visibility and team collaboration for faster communication and decision making, a critical capability amid rapid growth. Now, ToolsGroup gives the Heura team instant access to the insights it needs to make faster, more effective decisions as the company expands across Europe and the world. “Modern supply chains need a powerful digital engine to keep up with the accelerated pace of commerce worldwide,” says ToolsGroup CEO, Inna Kuznetsova. “By implementing best-in-class digital solutions, replete with AI-driven capabilities, companies can seize the opportunity to transform their supply chain operations and perfect their business strategies to become market leaders. We’re thrilled to be partnering with Heura, supporting this dynamic period of growth with ToolsGroup’s cutting-edge innovations and contributing to healthier, more sustainable food production practices.” For more information about how AI-powered probabilistic forecasting lays the foundation for supply chain growth, read the full case study HERE. About Heura Heura is a 100% plant-based meat startup founded by activists Marc Coloma and Bernat Añaños in April 2017. Their mission is to create solutions that render the current food system obsolete and accelerate the transition to a world where animals are no longer part of the protein production equation. Their Mediterranean culinary heritage is reflected in their products: extra virgin olive oil, a clean label, high nutritional values, and flavor. Currently, Heura is present in over 22,000 points of sale in 20 countries around the world. About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision making and unlock powerful business improvements in forecast accuracy, service levels, and inventory - delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

November 09, 2023 10:00 AM Eastern Standard Time

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