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Masabi, a mobile ticketing and transportation payment company based in the U.K., has raised $20 million in a Series B funding round, according to reports.The round was led by Smedvig Capital, with MMC Ventures and other companies also investing. The new round brings the total raised to around $40.8 million after a $12 million round in December of 2015. Masabi CEO Brian Zanghi said the new capital will be used to expand the platform around the world. For too long, cutting-edge innovation in transit ticketing was only avail <a href=https://www.stanleycups.us>stanley usa</a> able to megacities, said Zanghi. But a quick and easy ticketing experience shouldnt be the sole preserve of these cities. It should be available to passengers using any public transport service anywhere around t <a href=https://www.cups-stanley.fr>stanley france</a> he globe. The company has been growing rapidly. Last year, 85 million passengers used its software-as-a-service platform Justride, which handles in-app public transportation ticketing services. It should pass the $1 billion mark in ticket sales in the next year.Justride lets organizations like the Los Angeles Metrolink, the New York Metropolitan Transportation Authority and the Ma <a href=https://www.stanleycup.com.de>stanley quencher</a> ssachusetts Bay Transportation Authority decide how they want to sell tickets, and to handle their branding using white-label templates. The Justride API also enables third-party apps and other sites to push the tickets into users accounts. Through innovations such as simply being able to tap a contactless bank card to travel and integrations into the top mobility apps, Masa
avt_unknown
2025/07/01(Tue) 11:10

 ThonaserSaree  none   RES 
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FinTech-focused funds and indexes reportedly suffered greater losses than financial or tech ones during 2022.The Wall Street Journal WSJ reported Tuesday Jan. 3 that three FinTech-focused funds and indexes saw drops of greater than 50% during the year, with the Global X Fintech ETF falling 52%, the ARK Fintech Innovation ETF dropping 65% and the F-Prime Fintech Index plummeting 71%.By comparison, during the same 12-month period, the Financial Select Sector SPDR Fund, which tracks the SP 500s financial sector, slipped 12% and the Nasdaq Composite Index dipped 33%, according to the report.The report attributed FinTech stocks woes to the impacts <a href=https://www.cup-stanley.fr>stanley quencher</a> of higher interest rates, the fading away of pandemic-era drivers of growth and the markets turning against the idea of growth at all costs. In addition to these broad trends that affected all FinTech companies, some firms in the sector were hit by changes that had a notable impact on the specific services they provide, the report said.For example, lenders were especially hard hit by higher interest rates, eCommerce facilitators were struck by a post-pandemic slowdown in online sales growth and stock trading platforms were impacted by a d <a href=https://www.stanley-germany.de>stanley germany</a> r <a href=https://www.cup-stanley.fr>stanley cup</a> op in trading volume, per the report.PYMNTS CE 100 Index ?which includes both connected economy and tech stocks ?finished the year 35.7% lower than it started it.All pillars tracked by the CE 100 Index finished in the red for 2022.As PYMNTS reported Monday Jan. 2 , the pressures that wound Dzng iwoca Notches 100M To Support Pandemic Relief Loans
Uber is a powerful matchmaker with many stakeholders to keep happy on a good day ?drivers, passengers and, of course, those state and local regulators. Now, it seems some of those stakeholders in some parts of the world are not that happy with Uber ?drivers in the U.K., authorities in the Middle East.This past Friday Aug. 26 , The Guardian reported that U.K. Uber drivers for UberEATS were protesting wage levels outside the companys headquarters. The drivers want Uber to pay the independently backed London living wage of聽9.40 an hour instead of the piece rate that is the current pay structure. UberEATS drivers earned as much as 20 during peak hours when it first launched in June but are now earning less than 10.Not an uncommon way to seed the platform and get things off the ground ?get drivers on board by paying them a subsidy in the form of higher wages.Meanwhile, Reuters reported on Sunday Aug. 28 that, in Abu Dhabi, United Arab Emirates, 50 drivers for Uber and its competitor, Careem, were arrested. Ride-hailing services were halted on Saturday with no indication of when they might resume.A Careem executive s <a href=https://www.stanleycup.com.de>stanley becher</a> tated: In order to not inconvenience our customers and captains, we decided to temporarily limit our services until we obtain more clarity on the situation. In the UAE, drivers often work <a href=https://www.stanleycup.com.de>stanley cup</a> for both companies, and Uber has been facing demands from traditional taxi service stakeholders to raise its聽fares and comply with licensing requirements that woul <a href=https://www.stanleycup.pl>stanley kubek</a> d limit th
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