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Meesho, an Indian social commerce startup that has the backing of Facebook, has raised $300 million in new funding, bringing its value to $2.1 billion.According to the Economic Times, this new round of funding, led by SoftBank Vision Fund 2, has nearly tripled Meeshos valuation compared
stanley romania to its 2019 round of fundraising, which had the company at a $700 million valuation following a $125 million funding round.The report noted Meesho is the fourth Indian startup to achieve unicorn status 鈥?meaning a valuation
stanley mug of $1 billion or above 鈥?this year. Others that have reached unicorn level in 2021 include insurance tech platform Digit, health tech platform Innovaccer and online construction material marketplace Infra.market, according to the news outlet.Also taking part in the financing round were existing investors Facebook, Shunwei Capital, Venture Highway and Knollwood Investment. Meesho says it is focused on expanding its scope, going from a platform that helped aspiring female entrepreneurs to one that can enable all small businesses to establish themselves online.Meeshos target is to help 100 million small businesses and entrepreneurs digitize their
stanley termoska companies, while also expanding its own team. This puts it in competition with companies such as Amazon and Flipkart, according to the news outlet.These competitors are seeking to make money by removing layers of inefficiencies in distribution, they also want to use small businesses to reach customers, especially in smaller towns, p Orvd Trade Finance Platforms Provide Lifelines to Asian B2B Marketplaces Hit Hard by Pandemic
A key frustration shared among consumers traveling abroad is the fear that their transactions will be denied
stanley quencher because of overly conservative fraud-prevention measures put in place by their card issuer, or by the merchant where they want to shop. A declined transaction can prove to be a
stanley becher major travel-related headache at best, or a real disruption in financial stability at worst.MasterCard has taken a step in the direction of addressing these concerns through a new partnership with Syniverse.聽Announced聽at the Mobile World Congress 2014 in Barcelona, Spain, the initiative 鈥?being piloted by the two companies will enable MasterCard customers to opt in to a mobile-payment program activated when they enter a p
stanley us redetermined geographic location outside of their normal service area.James Davlouros, MasterCards vice president of global strategic alliances, framed the program during an interview with PYMNTS Veep Jeffrey Green as a way for mobile users to work around existing payment-security measures that can inadvertently impair the spending of international travelers. Jump To: 1:43 聽 What were saying here is that we can actually enable consumers to actually have that confidence to use their card wherever they are traveling and, of course, avoid any fraudulent transactions, Davlouros said.Davlouros went on to explain that the mobile device acts as a geolocational authenticator of the identity of the spender.聽 Jump To: 2:50 . He gives the example of a spender who travels to Bangko
