Tag: Latest News

dark-fantasy-survival-rts-age-of-darkness:-final-stand-trailer-and-early-access-announcement

Dark Fantasy Survival RTS Age of Darkness: Final Stand Trailer and Early Access Announcement

July 23, 2021 Published by
Reading Time: 3 minutes

 

PlaySide Studios have announced their dark fantasy survival RTS Age of Darkness: Final Stand will be descending into Early Access through Steam in Fall 2021. Age of Darkness: Final Stand presents a modern, darker spin on the survival RTS genre that will challenge new players, and strategy experts alike. The initial story driven trailer is now live giving players a sneak peak into the title and unique gameplay.

Strategic construction, careful resource management, and rapid recruitment are the keys to surviving unrelenting swarms of Nightmares. Robust defences to build, battleworn heroes to enlist, and the tug of war between light and dark all complemented with an original soundtrack by Path of Exile composer Kamil Orman-Janowski.

Survive the Never Ending Evil

Age of Darkness: Final Stand will enter early access with an intense survival game mode that tests your resolve. By day, construct buildings, gather resources, and recruit an army led by unique Heroes. Scout into the deadly fog of war and take the fight to the horrors within. By night, survive swarms of enemies numbering in the thousands. Made to be highly replayable, your army will fall, your settlements will crumble, but you will learn. Rise from the ashes again and again to push back the darkness of ‘The Veil’ and keep the light alive.

Fog of War: Evolved

Light up a rich, complex, procedurally generated map to claim territory back from ‘The Veil’. A dynamic living death fog that conceals enemies, drains life from your troops and turns structures into spawning nests for the Nightmares. Holding the line against this terror is not for the faint of heart. Any units unfortunate enough to be too close to ‘The Veil’ become ‘horrified’, sending them into fits of fear and lowering their effectiveness. Only light cures the darkness, so fight in the light or pay the price.

Death Nights

Brace yourself against huge tidal waves of Nightmares. Leveraging an internally developed technology called ‘SwarmTech’ allows the game to render over 70,000 enemy units on the screen at one time. These enemy legions claw their way up through seething fissures in the earth to reinforce ‘The Veil’. When the Death Night begins, you’ll be weakened by a Malice – a random affliction capable of undermining the best laid plans. If you are fortunate enough to survive until dawn you will be rewarded with a choice of Blessings. Live or die, Death Nights will test your strategic skills to breaking point.

Heroes Vs Horrors

Lead the charge against the horrors of the night with powerful and unique Heroes. Using special abilities gained from levelling up, these Heroes can be key to turning the tide of a desperate battle. But beware, the Nightmares have elite roaming champions of their own that drop precious resources when killed, posing an extreme and ever-present threat to your expansion. Are you the hunter, or the hunted?

Early Access & Community

At PlaySide, we are passionate about working hand in hand with our players to help shape the evolution of Age of Darkness: Final Stand, both during Early Access and into the future. Our strongest desire is to have a title reflective of our gaming passion whilst providing a unique challenge that players from this genre both desire and demand. We look forward to building a long-term community and engaging with our players who share a like-minded vision of making a deeper, darker, challenging combat RTS experience.

“Age of Darkness: Final Stand heralds PlaySide’s expansion into the hardcore PC platform. As a studio created to develop AAA titles, the vision has always been to develop larger, more hardcore titles on PC and Console” said Gerry Sakkas, CEO, PlaySide Studios. “Age of Darkness: Final Stand is a testament to the grit, adaptability and talent of our artists, engineers and game designers. We’re extremely excited and anxious to meet our first wave of players on Steam and to finish building Age of Darkness: Final Stand together with the community!”

“The PC RTS genre is as wild and untamed as it is deep and complex. This is a space where anything goes and the player’s expectations are limitless” said Sean Gabriel, Lead Designer on the title. “Rising to that challenge and bringing PlaySide’s special blend of personality, experience, and talent to bear has been a herculean task of which we’re exceptionally proud. With Age of Darkness: Final Stand we’ve been able to combine our passion for Action RPGs, Roguelikes, and RTS games into something wholly our own – and we’re only just getting started.”

Age of Darkness: Final Stand Links

●        Official Website: Age of Darkness: Final Stand

●        Announcement Trailer: Age of Darkness | Official Trailer – YouTube

●        Steam: Age of Darkness: Final Stand on Steam (steampowered.com)

membrane-oxygenators-market-size-worth-$1415-million-by-2028:-grand-view-research,-inc.

Membrane Oxygenators Market Size Worth $141.5 Million By 2028: Grand View Research, Inc.

July 22, 2021 Published by

 

The global membrane oxygenators market size is expected to reach USD 141.5 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 1.5% from 2021 to 2028. Key factors expected to boost the market include the growing prevalence of respiratory failures and cardiopulmonary diseases. Furthermore, there has been a rise in the number of patients suffering from COVID-19 and chronic obstructive pulmonary disease, which can require membrane oxygenators for treatment, enhancing their adoption. Technological advancements in medical devices are expected to further propel their demand in hospitals.

Key Insights & Findings:

  • North America accounted for the largest revenue share in 2020 owing to the growing innovation in healthcare technologies, reducing healthcare expenditure, and increasing demand for membrane oxygenator devices in hospitals
  • By type, the hollow fiber membrane oxygenator segment accounted for the largest revenue share in 2020, as they offer support after cardiac shock as a fast response system
  • By application, the cardiac segment is expected to grow at an exponential rate over the forecast period, due to the increasing incidence of cardiac conditions such as cardiac arrest and myocardial infarction
  • The neonates segment held a significant market share in 2020, due to increasing incidence of acute respiratory distress syndrome, congenital diaphragmatic hernia, air leak syndrome, respiratory failure, persistent pulmonary hypertension, and pneumonia
  • The key companies focus on new product launches, strategic acquisitions, and mergers to attain a larger market share

Read 102 page market research report, “Membrane Oxygenators Market Size, Share & Trends Analysis Report By Type (Hollow Fiber, Flat Sheet), By Application (Cardiac, Respiratory, ECPR), By Age Group (Neonates, Adults, Pediatrics), By Region, And Segment Forecasts, 2021 – 2028“, by Grand View Research

Leading market participants operating in this industry are focusing on developing technologically advanced membrane oxygenators. For instance, in January 2019, Terumo Medical Corporation launched the smallest, lowest prime volume, full-size adult oxygenator-Capiox NX19-with Ultraprime technology. Significant features of this device are it minimizes inflammatory response and provides higher efficiency microemboli removal. Portable adaptors and compact membrane oxygenators in ECMO circuits have also been developed, which help in the transportation of critically ill patients. The recent developments in medical devices are estimated to drive market growth.

Cardiovascular diseases are among the leading causes of death across the globe. As per the WHO, in 2016, around 17.9 million CVD-related deaths were reported globally. A membrane oxygenator is used to treat patients with cardiac and respiratory diseases. ECMO machine removes carbon dioxide and delivers oxygen in patients when the lungs and heart fail to carry out the process of blood oxygenation. Hence, the rising occurrence of cardiac and respiratory disorders is anticipated to create robust growth opportunities.

Grand View Research has segmented the global membrane oxygenators market based on type, application, age group, and region:

  • Membrane Oxygenator Type Outlook (Revenue, USD Million, 2016 – 2028)
    • Hollow Fiber
    • Flat Sheet
  • Membrane Oxygenator Application Outlook (Revenue, USD Million, 2016 – 2028)
    • Respiratory
      • Respiratory failure
      • Pulmonary embolism
      • Acute respiratory distress syndrome
      • Pneumonia
      • COVID-19
    • Cardiac
      • Acute myocardial infarction
      • Myocarditis
      • Post-transplant complications
      • Decompensated cardiomyopathy
      • Cardiogenic shock
    • ECPR
  • Membrane Oxygenator Age Group Outlook (Revenue, USD Million, 2016 – 2028)
    • Neonates
    • Pediatrics
    • Adults
  • Membrane Oxygenator Regional Outlook (Revenue, USD Million, 2016 – 2028)
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Australia
      • Thailand
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Colombia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

List of Key Players of Membrane Oxygenators Market

  • Medtronic
  • Fresenius SE & Co KGaA
  • Getinge AB
  • Terumo Medical Corporation
  • MicroPort Scientific Corporation
  • Nipro Medical Corporation.

Browse through Grand View Research’s coverage of the Global Medical Devices Industry:

  • India Membrane Bioreactor Market– The India membrane bioreactor market size was valued at USD 90.1 million in 2018 and is estimated to expand at a CAGR of 5.79% from 2019 to 2025
  • Membrane Bioreactor Market– The global membrane bioreactor market size was valued at USD 1.81 billion in 2016. The market is expected to show significant growth over the forecast period owing to rising concerns for the wastewater treatment.
  • Extracorporeal Membrane Oxygenation Machine Market– The global extracorporeal membrane oxygenation machine market size was valued at USD 202.6 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.1% from 2021 to 2028.
tvbet-appears-in-zimbabwe-under-africabet’s-retail-brand

TVBET appears in Zimbabwe under AfricaBet’s retail brand

July 22, 2021 Published by
Reading Time: 2 minutes

 

B2B provider TVBET, is famous for offering top-notch live games with betting options both for online casinos and bookmakers and for land-based betting shops. This time the provider seals a deal with an African land-based brand — AfricaBet. Five chosen TVBET live games are already available in AfricaBet’s betting shops in Zimbabwe.
Finally, the restrictions are eased and players have the opportunity to visit land-based betting shops again. Thus, African land bookmaker AfricaBet decided to diversify its portfolio and add 5 selected TVBET games. The integration was successful, and now visitors to the betting shops of AfricaBet in Zimbabwe can enjoy the following TVBET games:
● PokerBet: a popular online game for bookmakers based on the well-known rules
of Texas Hold’em Poker.
● WheelBet: a simple and fun live game that combines the principles of both the
wheel of fortune and American roulette.
● 5Bet: A popular and fast live game where 5 out of 36 numbered balls are
selected randomly by the lottery machine.
● 7Bet: A popular and fast live game where 7 out of 42 numbered balls are
selected randomly by the lottery machine.
● Keno: a simple and fast live game where 20 out of 80 lottery balls are chosen.
AfricaBet is one of the largest sports betting brands, which provides its services in Zimbabwe and Zambia. The bookmaker offers live betting on a variety of sports and markets along with live streaming of selected events. Its services kit includes 90+ sports like soccer, cricket, rugby, Formula 1, basketball, tennis, etc. And from now on, visitors of the bookmaker’s shops may enjoy betting on chosen TVBET live games.

Emily Asava, TVBET Sales Manager, has commented:

We’re inspired to work not only with the online casinos and bookmakers but to integrate our products into land-based points as well. African punters love to visit such betting shops, since it’s not about the game itself, but about the atmosphere and communication between them. And we are glad that restrictions on visiting land-based shops are being removed, and players can again return to their favorite pastime. We
strive to give players in betting shops and an alternative product and to make them satisfied with it. That is why we are delighted to team up with AfricaBet and provide our services at their points’t;

The products of TVBET are designed to satisfy each individual. The API-integration makes it possible to adjust its interactive frame to any platform. More than 200 igaming partners have already assessed the possibilities of TVBET frame.
With the range of odds and promo tools, the whole TVBET products suite is available online. No matter desktop or mobile, TVBET’s frame is adapted to any devices’ screen. The games by TVBET can be integrated into any mobile app, so that end customers can play it in a suitable format. TVBET games are presented even in the far corners of the globe and are broadcasted even with a poor internet connection. Players from betting shops or land-based casinos have all the opportunities for play.

airbiquity-partners-with-cyngn-to-help-material-handling-companies-evolve-vehicle-fleets-into-autonomous-systems

Airbiquity Partners with Cyngn to Help Material Handling Companies Evolve Vehicle Fleets into Autonomous Systems

July 22, 2021 Published by

 

Airbiquity®, a global leader of connected vehicle services, today announced its partnership with Cyngn, an autonomous vehicle (AV) technology provider. Cyngn’s flagship product, DriveMod, is an end-to-end autonomy solution that can be flexibly deployed on multiple vehicle types in various environments. By integrating Airbiquity’s OTAmatic® over-the-air software management platform and the Cyngn DriveMod autonomous driving system, organizations can invest in industrial AV technology that starts generating value today while being prepared to tackle the challenges of tomorrow. According to Global Market Insights Inc., the material handling equipment market is estimated to reach US $200 billion by 2027.

Industrial AV solutions often require companies to replace their entire existing vehicle fleet. The Airbiquity and Cyngn partnership shifts that paradigm. The technology stack that results from this partnership will enable companies operating in the materials handling market to securely evolve their vehicle fleets into AV systems that can be updated and refined over time, leading to increased autonomous fleet management efficiency and up-time.

“On the heels of announcing our OTAmatic expansion into non-automotive industry vehicles, this partnership is further validation of the need for safe and secure industrial grade over-the-air software update management technology to ensure that autonomous vehicles are running most efficiently,” said Kamyar Moinzadeh, President and CEO of Airbiquity. “Working with Cyngn, we have the opportunity to help guide the future of autonomous vehicles and make our technology accessible to more industries.”

OTAmatic is an over-the-air (OTA) software and data management solution that securely orchestrates and automates connected vehicle software updates and data management from the cloud. Businesses use OTAmatic to efficiently plan and execute OTA campaigns with refined vehicle and device targeting, discrete policy and privacy controls, customizable user communications, and solution deployment flexibility.

“Autonomous vehicle fleets generate vast amounts of data, which we leverage to derive greater insights and create opportunities for increased efficiency,” said Cyngn’s CEO Lior Tal. “By using Airbiquity’s most advanced and industry-proven over-the-air update technology, companies gain access to these ever-expanding capabilities without disrupting their daily operations.”

DriveMod is Cyngn’s full-stack autonomous vehicle solution, delivering intelligent analytics, artificial intelligence, advanced safety features, and self-driving capabilities for industrial vehicles. The technology is vehicle agnostic, which means DriveMod works across all kinds of industrial vehicles, regardless of age, vehicle type, or manufacturer. DriveMod enables fleets of all shapes and sizes to drive autonomously via a simple retrofit or by being embedded directly into original equipment manufacturer (OEM) vehicles at assembly.

Over time and with more data, DriveMod will develop a deeper understanding of the domains in which it operates. This information, combined with OTAmatic’s over-the-air software updates, will ensure autonomous vehicle fleets continue to generate novel value and efficiencies.

china’s-bitcoin-mining-disruption-offers-bit-digital-a-growth-opportunity

China’s Bitcoin Mining Disruption Offers Bit Digital A Growth Opportunity

July 22, 2021 Published by

 

Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Company”), a bitcoin mining company headquartered in New York and one of the largest currently-owned fleets among US listed bitcoin miners, presented highlights from its second quarter operations at Sequire’s Blockchain Conference July 15th.

Bit Digital’s CEO Bryan Bullett made the presentation with the full transcript found in Bit Digital’s Form 6-K filed on July 15th found here: https://www.sec.gov/Archives/edgar/data/1710350/000121390021036962/ea144234ex99-1_bitdigital.htm

“We welcomed being invited to Sequire’s event featuring Bit Digital and other leading Blockchain companies,” says Sam Tabar, Chief Strategy Officer at the Company, “The conference provided our CEO a great venue for Bit Digital to share its positioning and our special opportunity related to China.”

affilka-by-softswiss-inks-a-deal-with-truepartners

Affilka by SOFTSWISS Inks a Deal with TruePartners

July 22, 2021 Published by
Reading Time: 2 minutes

 

Affilka by SOFTSWISS announces its partnership with TruePartners, an affiliate program for multiple brands including TrueFlip.io, TrueFlip.com, Emojino.com, as well as the new brand Lucky Nova. The gaming brand’s affiliate program, TruePartners, will now run on Affilka by SOFTSWISS. This will provide an easy-to-use, highly customisable affiliate marketing solution to all affiliates across all casino brands operating under TruePartners.io program. 

Now operating on Affilka by SOFTSWISS, TruePartners will benefit from a vast majority of features. This will include a variety of commission plans which are incredibly flexible and adaptable to every client’s specific needs. 

The TruePartners affiliate program will also have access to in-depth reporting and affiliate database management. TruePartners multiple brands will be able to operate within one affiliate program. This will allow the operator to increase individual brands exposure, maximise revenues for each brand and reduce operational costs.

 

Commenting on the new launch, Anastasia Borovaya, product owner of Affilka by SOFTSWISS, said: “It’s exciting to be launching this new project with such major brands as TrueFlip and Emojino, a new exciting client under Affilka’s belt! Our portfolio continues to expand and we are happy to see distinguished brands of the iGaming industry go for our solution. We are definitely keen on becoming the best on the market to date. We thank TruePartners for their trust and are looking forward to our fruitful partnership.”

 

Konstantin Katsev, Cofounder of TruePartners, comments: “We did a lot of research on the tracking systems market before deciding on going for Affilka by SOFTSWISS, which won according to all parameters. After a while, we are very pleased with our partnership and our choice.” 

All brands are now operating on Affilka by SOFTSWISS under the sole TruePartners affiliate program. TruePartners.io affiliate program is a mix of top converting brands with Curacao and MGA licenses such as award-winning TrueFlip, Emojino, Lucky Nova, and many more to come. Operating on its proprietary gaming platform gives a competitive advantage and the ability of instant adaptation to market changes.

 

About SOFTSWISS 

SOFTSWISS is an international tech brand supplying widely acclaimed, certified software solutions for managing iGaming operations. SOFTSWISS holds a number of gaming licenses, providing a “one-stop-shop” white label solution by taking care of all technical, legal, and financial processes on behalf of its customers. The company has a vast product portfolio, which includes an Online Casino Platform, Game Aggregator with thousands of casino games, an affiliate platform, and a recently launched sportsbook platform. In 2013 SOFTSWISS was the first in the world to introduce a bitcoin-optimized online casino solution. The company has thus been regarded as the leading technical expert when it comes to the use of cryptocurrencies in online gaming.

 

About TruePartners

TruePartners comprises several casino brands under its roof including crypto-optimised TrueFlip.io, running on Curacao licence, fiat online casino brand TrueFlip.com running on MGA license, Emojino.com operating on MGA licence and the new brand Lucky Nova. 

For more information, please contact:

Ms. Anastasiya Lvovskaya, Brand Communications Manager 

Email: [email protected]

elliptic-selected-by-paysafe-to-support-cryptocurrency-payments-compliance

Elliptic selected by Paysafe to Support Cryptocurrency Payments Compliance

July 22, 2021 Published by

 

Elliptic, a global leader in cryptoasset risk management, has been selected by Paysafe, a leading specialized payments platform, for its Elliptic Lens solution. Paysafe is now able to manage indirect exposure to cryptocurrency-related risks and bolster their cryptocurrency controls.

Paysafe, which listed on the New York Stock Exchange in March 2021, enables businesses and consumers to transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash. By integrating Elliptic Lens into its existing proprietary artificial intelligence (AI) powered risk engine, Paysafe can enrich know-your-customer (KYC) processes, reduce potential exposure to illicit activity, and effectively monitor the interaction between entities moving across fiat and crypto payment rails.

“Paysafe has a reputation for staying ahead of the curve in innovation and compliance for the payments sector, anticipating its customers’ needs to support new products that link the fiat and crypto economies”, said Simone Maini, Elliptic CEO. “By choosing Elliptic’s suite of crypto compliance solutions, Paysafe is able to adapt and scale compliance operations as the company grows its footprint and keeps pace with regulatory changes to protect the business and its customers.”

Giacomo Austin, Vice President, Compliance Strategy & Advisory at Paysafe, commented: “Paysafe sets the bar high when it comes to compliance, which we see as a key enabler to achieve Paysafe’s vision of becoming the leading specialized payments platform. We embarked on a rigorous selection process with a number of blockchain analytics providers and Elliptic demonstrated excellence in functionality, Risk Rule capability, data coverage and accuracy and the flexibility to meet our unique requirements. So far, Elliptic’s overall service, reliability and technology is exactly what we were looking for in a crypto compliance partner.”

Elliptic’s configurable Risk Rules were an integral factor in Paysafe’s decision to select Elliptic’s crypto AML solutions. Giacomo adds, “Elliptic’s configurable Risk Rules allow Paysafe to have direct control over how rules are designed and customized specifically to our needs and to the risk presented by our product, while also allowing us to leverage Elliptic’s deep market expertise.”

cryptocurrency-exchange-paybis-rolls-out-instant-bank-payments-globally,-cuts-fees-to-0.99%

Cryptocurrency Exchange Paybis Rolls Out Instant Bank Payments Globally, Cuts Fees to 0.99%

July 22, 2021 Published by

 

Global cryptocurrency exchange Paybis is introducing several new payment options for its international customers. Paybis users will now be able to purchase cryptocurrencies using the United Kingdom’s (UK) Faster Payments system and the European Union’s (EU) Single European Payment Area (SEPA) for instant GBP and EUR deposits respectively. The exchange has also launched local bank payments in the United States (US) as well as SWIFT USD to allow international payments.

A Worldwide Solution for the Best Price
These additions are part of Paybis’ mission to help its customers participate in the cryptocurrency and blockchain world by cutting costs and lowering the barrier to entry. Accordingly, as part of the launch of new payment options, Paybis is reducing its fee for cryptocurrency purchases to 0.99% from 2.99%, as well as increasing spending limits for all customers, from 200,000 USD in single-purchases, to 1,000,000 USD.

Paybis on the Move
Paybis has been busy developing its cryptocurrency exchange services since its founding in 2014. The global cryptocurrency exchange has added several features, including a blog to help its users keep up with the rapidly-developing crypto-world, a referrals & affiliate program which rewards users who refer new traders and a news section so its users can keep up with the exchange’s developments.

Paybis has also introduced crypto-price tracking pages that anyone can use to check prices in realtime. Moreover a customer can check bitcoin price or any other crypto price in more than 90 different local currencies. Moreover, Paybis has added crypto-calculator pages, enabling visitors and customers to easily calculate the value of one of the 400 crypto-assets in several different currencies. All of these features are intended to ensure customers can buy bitcoin and other currencies easily and efficiently. In March 2021, the exchange also announced it is preparing to offer support for New York customers, which would bring the total number of US states it serves to 49.

crypto-millions-lotto’s-sulim-malook-on-what-happens-when-lotto-meets-bitcoin

Crypto Millions Lotto’s Sulim Malook on What Happens When Lotto Meets Bitcoin

July 22, 2021 Published by
Reading Time: 3 minutes

 

The proposition of Bitcoin lotteries is simple. If you go to a casino, you have to buy chips from the cashier to play. When you finish playing, you can cash your chips in for money, or keep them for next time. With a digital lottery, you play with a digital currency. In the case of Crypto Millions Lotto it’s Bitcoin. Think of bitcoin as the chips you have to buy to play Crypto Millions Lotto. Players deposit bitcoin to play, and if they win, they get paid in bitcoin. One exception is that if you’re lucky enough to win the jackpot, this innovative digital lotto gives you the option to take your winnings in bitcoin or a local currency of your choice.

There are some really strong arguments for considering bitcoin lotteries vs traditional ones. There are two major reasons. The first is that if you play games across borders using a credit card or any other traditional form of payment, then there are complications and frustrations around whether the payment can be made or if it will be blocked, the exchange rate, and payment periods. Using bitcoin removes all of that because it knows no borders. 

The second reason is that by operating digitally using bitcoin companies like Crypto Millions Lotto can avoid a lot of infrastructure costs, including payment processing charges. According to Sulim Malook “Having a low cost base allows us to offer bigger jackpots. Our jackpots are bigger than the majority of state-run lotteries and bigger than any of our online competitors.”

 

How Does a Digital Lottery like Sulim’s work? 

“We allow people to play the numbers of eight of the world’s biggest lotteries on our website. Although they choose the numbers on our site, they’re actually betting on the numbers of a state lottery, so numbers are drawn by each of the underlying lotteries. That way we remain completely independent.

This means people can play every time one of those eight lotteries has a draw, in total 14 times a week.

In case people don’t see the live draw, we announce all of the winning numbers on our website, and we notify all winners by email immediately. Payment of winnings is made within minutes of the lottery ending.”

 

Bitcoin lotteries are the natural progression from digital lotteries

The first big shift was from offline to online, but all that really changed was how we bought and received tickets for a single lottery.

The next shift was allowing people to play many different lotteries online, and for that people needed a better way to buy tickets and to receive winnings. Sulim says “That’s where bitcoin came in. So, we haven’t adopted bitcoin just because it’s a digital currency. We’ve done it because it’s the best currency for the job.”

 

Covid’s Effect on The Lottery

Contrary to what you might imagine, historically, the lottery performs well in downturns and recessions, as people try to generate fast money for themselves. Covid, of course, has put a lot of the world into recession, so the lotto industry as a whole as well as the gaming sector has performed well. 

But more significant than that, Covid has exposed the flaws and tensions in the traditional lottery model. Specifically, that it relies on a network of small retailers to sell tickets, most of which have now been closed and certainly were not contactless anyway.

The result, according to Sulim, is that people have gone online. “So not just us, the whole online lottery industry has seen a big uplift, while the traditional lotteries have seen a negative impact.”

And yet the lifting of COVID restrictions has not impacted this sector negatively. Sulim was clear that “On the contrary, the effect has been positive. With some state lotteries closing down for months, playing online was the only option. In our view, this is a good thing for an industry that has been living in the dark ages.

I’d liken it to working from home. Covid has opened many people’s eyes to the benefits of home working. Some people might go back to the office after Covid restrictions are lifted. But for many others, they’ve discovered a new way of doing things and will stick with it. It’s the same with the digital lottery. We introduced it to many people who now prefer it and who won’t go back to the old way.”

Business is booming at Crypto Millions Lotto and the team has a lot in the pipeline. So what comes next for a business of this ilk? 

“We have lots of exciting things in our pipeline. We’ve recently added six new lotteries, and we’re planning to add more. We also plan to add more games, as well as offering players the ability to get bitcoin using their credit cards directly on our site.

As our user base expands into more countries, we want to offer Crypto Millions Lotto in multiple languages.

We have also just launched an affiliate program, which we believe offers a more attractive proposition than other affiliate programs already out there.”

soldo,-the-leading-european-pay-and-spend-automation-fintech-closes-record-$180m-series-c-funding-round-led-by-temasek

Soldo, the leading European pay and spend automation fintech closes record $180m Series C funding round led by Temasek

July 22, 2021 Published by

 

Soldo, the leading European pay and spend automation platform, today announces that it has closed a $180m oversubscribed Series C funding round, a European record for the spend management category.

The fundraise was led by Temasek, a leading global investor headquartered in Singapore.

The round includes new investors Sunley House Capital, Advent International’s crossover fund, Citi Ventures and continued backing from Accel, Battery Ventures, Dawn Capital, and Silicon Valley Bank for debt financing. Goldman Sachs acted as the exclusive placement agent to Soldo for the deal.

This investment follows an impressive 4x growth in spend volume across Soldo’s platform since series B, despite the backdrop of the challenging macro-economic environment.

Soldo’s European pay and spend automation platform gives businesses real-time visibility and cost control across all departments. The funding round means Soldo can continue to accelerate product development and market expansion across Europe’s addressable market of $170bn.

Serving more than 26,000 customers from small and mid-market to global enterprise in more than 30 countries, Soldo is best positioned to help businesses to manage their spend. Whether that is across travel and entertainment, online advertising, vendor management, software subscriptions, or anything else. Its customers include Mercedes Benz, GetYourGuide, Gymshark, Bauli, and Brooks Running.

Carlo Gualandri, CEO and Founder of Soldo said: “We are delighted to welcome Temasek as the lead investor. With a track record of investing in category-leading fintechs, Temasek’s insights will be valuable to us as we scale our platform and offering. Managing business spend is costly and challenging, yet Soldo continues to demonstrate its value and ease to customers of every size and across every industry. It’s clear this category will see exponential growth as more businesses realise the benefits and Soldo is well placed to support them.”

Traditionally, corporate payments have had a handful of methods: bank transfers, corporate credit cards. Each of these methods bring a unique set of administrative hassles and security risks. And, of course, once the transactions are complete, there is a haze of receipts, expense reports, classification and reconciliation, budgets, and analysis – none of which is connected. Soldo is the digital solution to this incredibly costly challenge.

Simon Lambert, a director at Sunley House, Advent International’s crossover fund, said: “We are very excited to invest in Soldo. Our experience in software and payments technology gives us deep insight and we are confident Soldo stands at the forefront of finance digitalisation. The company operates in a large and fast-growing market, and we are thrilled to partner with its outstanding management team as they seek to build Europe’s leading pay and spend automation platform.”

Soldo’s spend management platform, built over the last five years, is based on a fully owned technology stack, supported by regulated financial services and payments infrastructure. The platform allows Soldo to innovate faster and integrate with the leading accounting software including NetSuite, QuickBooks, Zucchetti, and Xero, and customers can connect with 50+ expense management platforms including Concur and Expensify via Mastercard Smart Data.

Luis Valdich, Managing Director, Citi Ventures said: “Citi Ventures has been impressed by Soldo’s compelling strategy and market-changing mission to help businesses manage and control spend more efficiently. We look forward to supporting the company as it further expands its platform and transforms the future of business spend.”

Soldo also simplifies the everyday life of employees who regularly deal with painful expense reports, lost receipts and often end up out of pocket. The mobile app facilitates receipt and transaction capture right at the point of purchase.

Mariano Dima, Soldo President said:  “We know senior finance employees and CFOs currently spend more than half of their time on cumbersome tasks, and the biggest reason for this is due to disconnected payment systems and manual, time-consuming processes.

“In a study of CFOs and finance directors, Soldo revealed weak spending controls are costing European businesses 2% of their annual turnover through the pandemic. This is a costly reality that Soldo aims to eradicate – by making employees’ lives easier and businesses more aware of all costs – because only then will they be able to truly control their spending and be prepared to prosper post-pandemic and beyond.”

Soldo closed $61 million in Series B funding in July 2019 and has since significantly increased the size of its business with more than 200 employees across offices in London, Dublin, Rome, and Milan. The latest funding round will see the company deepen its focus on new markets including Benelux, France and Germany where Soldo sees immense potential for hyper-growth.

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