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Digital payment firms are facing significant challenges as their profit margins have plummeted to unprecedented lows. This situation has created a competitive landscape where companies struggle to maintain profitability, leading to a no-win scenario in the industry.
Kerala's property market is witnessing a resurgence, particularly in Thiruvananthapuram, fueled by the newly commissioned Vizhinjam Port, which is expected to enhance demand and value. Land re-conversion is becoming essential as developers seek to create new residential and commercial spaces, addressing the previous sluggishness in the market. Meanwhile, Kochi is seeing a growing interest from NRIs, who now represent 30%-35% of buyers, although it still trails behind Thiruvananthapuram in new project approvals.
Gold prices in the UAE have dropped to Dh369.75 a gram this Eid weekend, down from Dh378 earlier in the week, providing relief for shoppers. Retailers expect increased traffic in gold souqs and jewellery stores, as prices below Dh370 encourage purchases after a period of weak shopper interest.
Vecmocon is set to raise $8.7 million from Aavishkaar Capital and other investors. This funding round highlights the growing interest in innovative startups within the investment community. The capital will likely support Vecmocon's expansion and development initiatives.
AstroLabs has partnered with Saudi Awaal Bank (SAB) to facilitate the expansion of international companies in Saudi Arabia, aligning with the Kingdom's Vision 2030 goals. This collaboration offers comprehensive support for market entry, company formation, and ongoing business development, enhancing the startup ecosystem and contributing to the private sector's GDP target of 65% by 2030.
Fintech startup Decentro has successfully raised Rs 30 crore in funding. In a strategic move, the company will be shifting its domicile to India, positioning itself for further growth in the rapidly evolving financial technology landscape.
Southeast Asia's angel investment landscape remains largely opaque, with many potential investors overlooked in readily available lists. As founders increasingly seek seed capital and mentorship, this updated list of top angel investors aims to bridge the information gap and connect them with seasoned backers. In other news, Citigroup plans to cut 3,500 tech jobs in China, while Shein faces a complaint in the EU over deceptive practices. Additionally, Singapore's Syfe has raised $80 million in a Series C round, and insurtech firm Bolttech has closed a $147 million Series C, boosting its valuation to $2.1 billion.
Early-stage venture capital firm Inflexor is targeting a first close of $150 million for its third fund in the second quarter of 2025. This move reflects the firm's ongoing commitment to investing in innovative startups and expanding its portfolio in the venture capital landscape.
Wealthtech platform Syfe has successfully closed an $80 million funding round. The company plans to utilize this capital to expand its technology team in India, enhancing its capabilities and services in the financial technology sector.
In Q1 2025, U.S. bank branch closures surged, with 148 net closings compared to 21 in Q4 2024. U.S. Bancorp led with 50 closures, followed by Wells Fargo (23) and Citizens Financial (21). California saw the highest losses at 34 branches, while Florida and Georgia recorded net openings.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Digital payment companies struggle as profit margins reach historic lows
17:37 07.06.2025
kerala property market rebounds as nri investments surge following vizhinjam port launch
11:50 07.06.2025
gold prices drop in uae providing relief for eid shoppers
06:31 07.06.2025
vecmocon secures 8.7 million dollars from aavishkaar capital and others
15:55 06.06.2025
astroLabs and SAB join forces to boost business expansion in Saudi Arabia
14:00 06.06.2025
Decentro secures 30 crore funding and plans to relocate to India
13:00 06.06.2025
southeast asia's angel investors bridging funding gaps for startup founders
11:30 06.06.2025
Inflexor Ventures targets first close of 150 million dollar Fund-III in Q2
03:25 06.06.2025
Syfe secures 80 million funding to enhance tech team in India
17:46 05.06.2025
us bank branch closures surge in first quarter of 2025
U.S. Bancorp Advisors LLC
Cullen/Frost Bankers Inc.
SB Financial Group Inc.
Wells Fargo & Co. - Pension
Huntington Bancshares Inc.
Flagstar Financial Inc.
Citizens Financial Group Inc.
Bank of America Corp.
USA
Lee Smith
Bryan Preston
Stephen D Steinour
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14:04 05.06.2025
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