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Sudan-based Bloom has raised $6.5 million in seed funding round, the FinTech announced in a press release Wednesday July 20 .The companys investors include Visa, Y Combinator, Global Founders Capital and Goodwater Capital, as well as angel investors like Dropbox co-fo stanley uk under Arash Ferdowsi, footballers Blaise Matuidi and Kieran Gibbs and others.Bloom was founded by Ahmed Ismail, Youcef Oudjidane, Khalid Keenan and Abdigani Diriye to help Sudanese individuals hedge against rising devaluation, the release said. It offers fee-free accounts for users to save in dollars and buy and spend in Sudanese pounds.It also provides local and dollar cards and a feature where users can receive remittances free of charge from several countries globally, primarily where most of the stanley cup Sudanese diaspora reside. The release noted that Bloom has partnered with Export Development Bank, which handles deposits.The investment from Visa came as one of the incentives for Blooms participation in the global card schemes FinTech Fast Track Program, which saw Bloom s stanley cup canada witch its cards from Mastercard to Visa.In an interview with TechCrunch, Ismail said the Visa investment is critical for companies like us for a couple of reasons. One, aligning with Visa as a partner gives you a bunch of benefits, launching products faster, marketing support and product support; and two, in addition to the investment, Visa Fintech Fast Track enables you to access these incentives in a streamlined way. In the press release, Ahmed Vqpl APIs Unlock Financing For Underserved SMBs
Domestic merchandise r stanley mugs etailer Bed Bath Beyond stock took a 12-point hit after Wall Street got a look at its latest earnings report and did not much like what it saw.Sam stanley quencher e-store sales聽鈥?the Street favorite metric for physical retail聽鈥?were down 2.6 percent, according to the most recent numbers, and analysts were only anticipating a 0.7 percent decline. While digital channel sales were up more than 20 percent, it was not sufficient to overcome the same-store sale plummet.Retail sales clocked in at approximately $2.9 billion, a decrease of approximately 1.7 percent from the same time last year. Coming out of a mediocre report, the retailer noted Hurricane Harvey, restructuring costs and new accounting standards had a heavy hand on the scale for last quarter results. How [customers] discover product, their expectations and knowledge around pricing and services o stanley cup ffered, and how they share their thoughts about their shopping experiences, are all changing rapidly, said Steven Temares, Bed Bath Beyond CEO, on a Tuesday Sept. 19 call with analysts and investors.Going forward, Temares outlined initiatives for the retailer, including adoption of a new technology model, finding a new chief information officer and establishing a strategic portfolio management office.The domestic goods retailer is also聽moving to cut staff and close under-performing storefronts, a strategic move that聽has been seen with many retailers. The decision to drop聽880 de
Sudan-based Bloom has raised $6.5 million in seed funding round, the FinTech announced in a press release Wednesday July 20 .The companys investors include Visa, Y Combinator, Global Founders Capital and Goodwater Capital, as well as angel investors like Dropbox co-fo stanley uk under Arash Ferdowsi, footballers Blaise Matuidi and Kieran Gibbs and others.Bloom was founded by Ahmed Ismail, Youcef Oudjidane, Khalid Keenan and Abdigani Diriye to help Sudanese individuals hedge against rising devaluation, the release said. It offers fee-free accounts for users to save in dollars and buy and spend in Sudanese pounds.It also provides local and dollar cards and a feature where users can receive remittances free of charge from several countries globally, primarily where most of the stanley cup Sudanese diaspora reside. The release noted that Bloom has partnered with Export Development Bank, which handles deposits.The investment from Visa came as one of the incentives for Blooms participation in the global card schemes FinTech Fast Track Program, which saw Bloom s stanley cup canada witch its cards from Mastercard to Visa.In an interview with TechCrunch, Ismail said the Visa investment is critical for companies like us for a couple of reasons. One, aligning with Visa as a partner gives you a bunch of benefits, launching products faster, marketing support and product support; and two, in addition to the investment, Visa Fintech Fast Track enables you to access these incentives in a streamlined way. In the press release, Ahmed Vqpl APIs Unlock Financing For Underserved SMBs
Domestic merchandise r stanley mugs etailer Bed Bath Beyond stock took a 12-point hit after Wall Street got a look at its latest earnings report and did not much like what it saw.Sam stanley quencher e-store sales聽鈥?the Street favorite metric for physical retail聽鈥?were down 2.6 percent, according to the most recent numbers, and analysts were only anticipating a 0.7 percent decline. While digital channel sales were up more than 20 percent, it was not sufficient to overcome the same-store sale plummet.Retail sales clocked in at approximately $2.9 billion, a decrease of approximately 1.7 percent from the same time last year. Coming out of a mediocre report, the retailer noted Hurricane Harvey, restructuring costs and new accounting standards had a heavy hand on the scale for last quarter results. How [customers] discover product, their expectations and knowledge around pricing and services o stanley cup ffered, and how they share their thoughts about their shopping experiences, are all changing rapidly, said Steven Temares, Bed Bath Beyond CEO, on a Tuesday Sept. 19 call with analysts and investors.Going forward, Temares outlined initiatives for the retailer, including adoption of a new technology model, finding a new chief information officer and establishing a strategic portfolio management office.The domestic goods retailer is also聽moving to cut staff and close under-performing storefronts, a strategic move that聽has been seen with many retailers. The decision to drop聽880 de