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Pine Labs
Pine Labs is an Indian company that provides financing and last-mile retail transaction technology. It was founded in 1998. It is one of the unicorn companies, with a valuation of over US$5 billion. It provides a merchant platform and makes software for point of sale (PoS) machines. The company has more than 70,000 retailers across India, including major retail outlets such as Mark's and Spencer's Retail, Pantaloons, Shoppers Stop and Westside. It has a presence in India and Malaysia and other parts of Asia. In January 2022, Pine Labs filed confidentially for an initial public offering (IPO) with the U.S. Securities and Exchange Commission seeking to raise about $500 million later this year, giving it a valuation of $5.57 billion. Some of its investors include LonePine, PayPal, Temasek, Actis Capital, Altimeter Capital, Sofina and Sequoia Capital. History The company was founded in 1998. The company evolved from a petroleum automation retail solutions player ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fintech
Fintech, a portmanteau of "financial technology", refers to firms using new technology to compete with traditional financial methods in the delivery of financial services. Artificial intelligence, blockchain, cloud computing, and big data are regarded as the "ABCD" (four key areas) of fintech. The use of smartphones for mobile banking, investing, borrowing services, and cryptocurrency are examples of technologies designed to make financial services more accessible to the general public. Fintech companies consist of both startups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies. A subset of fintech companies that focus on the insurance industry are collectively known as insurtech or insuretech companies. Key areas Academics Artificial intelligence (AI), blockchain, cloud computing, and big data are considered the four key areas of FinTech. Artificial intellige ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Temasek
Temasek (also spelt Temasik) is an early recorded name of a settlement on the site of modern Singapore. The name appears in early Malay and Javanese literature, and it is also recorded in Yuan and Ming Chinese documents as ''Danmaxi'' ( or ). Two distinct settlements were recorded in Temasek – Long Ya Men and Ban Zu. The name is used in modern-day Singapore for national honours as well as institutions and corporations. Name The origin of the name Temasek is uncertain, but it has been proposed that it was derived from the Malay word ''tasik'' meaning "lake" or "sea", and may mean here "place surrounded by the sea", or Sea Town. Another suggestion is that it may be a reference to a king of Srivijaya, Maharaja ''Tan ma sa na ho''. The name appears as ''Tumasik'' in the Old Javanese epic poem written in 1365, Nagarakretagama, which basically the word ''tasik'' "sea" infixed by ''-um-'' (active verb infix). The name is also mentioned twice in the '' Malay Annals'', and referred ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crore
A crore (; abbreviated cr) denotes ten million (10,000,000 or 107 in scientific notation) and is equal to 100 lakh in the Indian numbering system. It is written as 1,00,00,000 with the local 2,2,3 style of digit group separators (one lakh is equal to one hundred thousand, and is written as 1,00,000). It is widely used both in official and other contexts in Afghanistan, Bangladesh, Bhutan, India, Myanmar, Nepal, Pakistan, and Sri Lanka. It is often used in Bangladeshi, Indian, Pakistani, and Sri Lankan English. Money Large amounts of money in Bangladesh, India, Nepal, and Pakistan are often written in terms of ''Koti'' or ''crore''. For example (one hundred and fifty million) is written as "fifteen ''crore'' rupees", "15 crore" or "". In the abbreviated form, usage such as "15 cr" (for "15 ''crore'' rupees") is common. Trillions (in the short scale) of money are often written or spoken of in terms of ''lakh crore''. For example, ''one trillion rupees'' is equivalent to: * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Rupee
The Indian rupee ( symbol: ₹; code: INR) is the official currency in the republic of India. The rupee is subdivided into 100 ''paise'' (singular: ''paisa''), though as of 2022, coins of denomination of 1 rupee are the lowest value in use whereas 2000 rupees is the highest. The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act, 1934. Etymology The immediate precursor of the rupee is the ''rūpiya''—the silver coin weighing 178 grains minted in northern India by first Sher Shah Suri during his brief rule between 1540 and 1545 and adopted and standardized later by the Mughal Empire. The weight remained unchanged well beyond the end of the Mughals until the 20th century. Though Pāṇini mentions (), it is unclear whether he was referring to coinage. ''Arthashastra'', written by Chanakya, prime minister to the first Maurya ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joel Neoh Eu-Jin
Joel Neoh Eu-Jin (born 11 October 1983) is a Malaysian entrepreneur, speaker, and investor. He is best known for his role as the founder of Groupon Malaysia and as the International Vice President of Groupon Asia Pacific. He is the founder of Fave but stepped down as its CEO in 2023. At the age of 20, his first business venture was a fast-growing student agency set-up. In 2007 he participated in ''The Firm'', Malaysia's first corporate reality television programme produced by Popiah Pictures and ntv7 and became the show's inaugural winner. In 2008 he started a business venture called Youth Asia, a social technology company known for the creation of a few technology startups, including YouthSays (which later on rebranded itself to Says Sdn Bhd) and GroupsMore, which later on joined Groupon via acquisition in 2010. In 2012 he won the Ernst & Young Entrepreneur of the Year Award for the Emerging Entrepreneur category in Malaysia. He was named as one of Asia's Top 10 entrepreneurs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UnionPay
UnionPay (), also known as China UnionPay () or by its abbreviation, CUP or UPI internationally, is a Chinese state-owned financial services corporation headquartered in Shanghai, China. It provides bank card services and a major card scheme in mainland China. Founded on 26 March 2002, China UnionPay is an association for China's banking card industry, operating under the approval of the People's Bank of China (PBOC, central bank of China). It is also an electronic funds transfer at point of sale (EFTPOS) network, and the only interbank network in China that links all the automatic teller machine (ATMs) of all banks throughout the country. UnionPay cards can be used in 180 countries and regions around the world. In 2015 the UnionPay overtook Visa and Mastercard in total value of payments made by customers and became the largest card payment processing organization (debit and credit cards combined) in the world surpassing the two. However, only 0.5% of this payment volume was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Google Pay (mobile App)
Google Pay (also known as GPay) is a mobile payments application developed by Google. It has been rolled out in India, Singapore, and the United States. History On November 18, 2020, Google launched a companion app in the United States. Since the launch of UPI in India, several payment apps like BHIM UPI, PhonePe, Paytm, etc have emerged and Google Pay is also one of them. The BHIM app was the first payment app introduced by the Indian government. Following that, many companies rose to prominence by launching their own UPI app with a better interface and simpler system. It functions as an expansion of the Singaporean and Indian versions of the app, the company announced the Google Wallet companion app during the 2022 Google I/O keynote, which replaced the 2018 Google Pay app while co-existing with the 2020 one after it was launched on July 18, 2022. Country availability See also Tez (software) Tez was a mobile payments service by Google, targeted at users in India, late ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forbes India
''Forbes India'' is the Indian edition of ''Forbes'' which is managed by Reliance Industries-owned media conglomerate, Network 18. History and profile Since its founding in 2008, ''Forbes India'' has achieved a circulation of 50,000 copies and makes over Rs 50 crore in topline. The magazine is published fortnightly. In May 2013, the Network 18 owned ''First Post'' was merged with ''Forbes India''. Shortly thereafter, the four top editorial heads who had led the growth of ''Forbes India'', including its editor-in-chief Indrajit Gupta, were dismissed under surprisingly humiliating conditions. The event led to considerable media speculation. Press Club, Mumbai, passed a resolution: “The method of ejecting them from the company was nothing short of shameful. Journalists are not only messengers of news and information, but are the collective voice of civil society." The new editor R. Jagannathan (erstwhile editor of ''First Post''), took over ''Forbes India''. He told ''The Caravan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Standard
''Business Standard'' is an Indian English-language daily edition newspaper published by Business Standard Private Limited, also available in Hindi. Founded in 1975, the newspaper covers the Indian economy, infrastructure, international business and trade, stock and currency markets, corporate governance, and a range of other financial news, opinions and insights. The main English-language edition comes from 12 regional centers, Mumbai, New Delhi, Kolkata, Bengaluru, Coimbatore, Chennai, Ahmedabad, Hyderabad, Chandigarh, Pune, Lucknow, Bhubaneswar, and Kochi, and reaches readers in over 1,000 towns and cities across India. History The newspaper's initial owner had been the Kolkata-based ABP Group. Circulation was rising, but losses were rising, possibly to above Rs 50 crore, and ABP could not support it. ABP hoped that the government would allow Financial Times to take an equity stake in Business Standard Limited and bring in funds. In 1997, ''Business Times'' was purchas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sequoia Capital
Sequoia Capital is an American venture capital firm. The firm is headquartered in Menlo Park, California, and specializes in seed stage, early stage, and growth stage investments in private companies across technology sectors. , Sequoia's total assets under management were approximately US$85 billion. Sequoia is an umbrella brand for three different venture entities: one focused on the U.S. and Europe, another on India and Southeast Asia, and a third on China. Notable successful investments by Sequoia Capital include Apple, Cisco, Google, Instagram, LinkedIn, PayPal, Reddit, Tumblr, WhatsApp, and Zoom. History Sequoia was founded by Don Valentine in 1972 in Menlo Park, California, at a time when the state’s venture capital industry was just beginning to develop. Sequoia formed its first venture capital fund in 1974, and was an early investor in Atari the next year. In 1978, Sequoia became one of the first investors in Apple. Partners Doug Leone and Michael Moritz assumed leade ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
