logistics

U.S. Fintech Startup Axle Raises $10 Million Through Series A Funding Round Led By Crosslink Capital

May 27, 2021 @ 10:20 pm By Samantha Hurst |

Axle, a U.S.-based financial services platform for the freight and logistics industry, announced earlier this week it secured $10 million through its Series A funding round, which was led by Crosslink Capital with participation from FJ Labs, Flexport, Tribeca Early Stage Partners, Ron Suber (fintech investor), Jett McCandless (founder,… Read More

Read more in: Fintech | Tagged axle, crosslink capital, freight, investment, logistics, series a, u.s., united states

Digital Transformation: Many More Consumers in Saudi Arabia are Using Online Platforms following COVID Outbreak, Industry Exec Reveals

December 31, 2020 @ 6:58 pm By Omar Faridi |

The digital commerce sector in Saudi Arabia has undergone a major (digital) transformation and there have been noticeable changes in consumer behavior, particularly when it comes to using online platforms in a post COVID world. Ibrahim Mohammad Al-Saad, Founder of Ajda, has stated that the… Read More

Instant Digital Payments Network for Logistics, Relay Payments, Secures $35.3 Million in Capital

December 12, 2020 @ 8:00 pm By Omar Faridi |

Relay Payments recently secured $35.3 million in capital from nine investors according to a Form D filing with the US Securities and Exchange Commission (SEC). The Atlanta-headquartered Fintech firm (located at The Battery Atlanta) offers an end-to-end instant digital payments platform for logistics firms and… Read More

World’s Most Valuable Fintech Ant Financial Partners with China Merchants Port to Launch Blockchain Platform for Local Banking and Logistics Businesses

May 30, 2020 @ 4:22 pm By Omar Faridi |

China Merchants Port, the largest port operator in the country, has teamed up with e-commerce giant, Alibaba Group (NYSE:BABA), and its Fintech-focused subsidiary, Ant Financial. Through the partnership, the companies will work towards developing a blockchain or distributed ledger technology (DLT)-enabled platform, which will aim… Read More

OneConnect, the Fintech Division of Ping An Insurance, Teams Up with China Merchant Post Group to Develop DLT-based Logistics Platform

April 5, 2020 @ 8:01 pm By Omar Faridi |

OneConnect Financial Technology, the Fintech division of Ping An Insurance, China’s largest insurance and logistics conglomerate, has partnered with the China Merchants Port Group (CMPort), in order to develop a blockchain or distributed ledger tech (DLT)-enabled logistics platform. The DLT-based solution is being created for… Read More