NEW YORK, Jan. 16, 2025 /PRNewswire/ — Rokt, the global leader in ecommerce unlocking real-time relevancy in the moment that matters most, today announced a secondary transaction amid strong demand from new and existing investors. The company has signed a stock purchase agreement for ~US$335 million with investors including Tiger Global Management, Square Peg, Barrenjoey and SecondQuarter. Board members including Janchor Partners’ John Ho, Terry Bowen and Karen Katz are also buying shares. This agreement values the business at US$3.5 billion.

“Rokt has delivered exceptional growth since launching 12 years ago, with our revenue trajectory continuing to accelerate – this year achieving 43% growth year over year, reaching US$600 million,” said Bruce Buchanan, CEO and co-founder of Rokt. “This was driven by outstanding performance across the Rokt Network, including our ecommerce products, our new Rokt Pay+ product, our international business, and our small and medium-sized business through AfterSell. In addition, we invested more than US$60 million in the Rokt Brain, our AI and machine learning customer relevance engine, and delivered a 28% improvement in relevance.”

“Rokt is a trusted and valuable partner to a significant – and growing – roster of clients across the globe,” said Griffin Schroeder, Partner at Tiger Global. “We’re pleased to increase our investment as they continue to deliver for their customers.” 

“Over the past six years, Rokt has grown revenue 10 times and invested heavily in product and network, while still maintaining profitability,” continued Buchanan. “Following significant inbound investor interest, we are thrilled to be able to offer employees and early investors access to over $100 million in liquidity.”

Rokt is also delighted to announce Anita Sands, Ph.D., is joining Rokt’s Board of Directors. Dr. Sands is a US-based investor, advisor and speaker who serves on the boards of numerous public and private companies, including ServiceNow and Nubank, where she is Lead Independent Director. Prior to this, she had a career spanning financial services and technology, including serving as Group Managing Director and Chief Operating Officer of UBS Wealth Management Americas.

“Rokt is transforming ecommerce through relevancy and enabling companies across verticals and across the globe to tap new revenue streams,” said Dr. Sands. “I’m extremely pleased to join the Rokt board at such an exciting moment and to work closely with the leadership team as it propels the company to new heights.”

About Rokt

Rokt is the global leader in ecommerce, unlocking real-time relevancy in the moment that matters most. The company’s AI- and ML-powered Rokt Brain and ecommerce Rokt Network will power more than 6.5 billion transactions connecting 400 million customers across the world’s leading companies, including Live Nation, Macy’s, AMC Theatres, PayPal, Uber, Hulu, Staples, Albertsons and HelloFresh. mParticle by Rokt is the central nervous system providing real-time data activation to unlock value across ecommerce, advertising and customer engagement. Rokt has achieved consistent annual growth of more than 40% across the past decade, driven by its unique partnership model that returns $7 from every $8 of value back to partners. Rokt is headquartered in New York City. The company has offices in 10 global locations and serves clients throughout North America, Europe and Asia-Pacific, solidifying its position as a key player in the global ecommerce ecosystem. To learn more, visit Rokt.com.

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• Salv’s next Bridge cohort will tackle cross-border APP fraud together, one of the fastest-growing financial crimes.
• Criminals exploit gaps in cross-border payment systems, using speed and fragmented regulations to steal funds.
• Salv Bridge connects financial institutions to close these gaps. Real-time collaboration stops fraud by protecting customers and disrupting criminal networks.
• Applications for the Bridge cohort are now open limited to just 30 companies. The deadline to apply is Monday 31 March, 2025.

LONDON, Jan. 16, 2025 /PRNewswire/ — European Regtech scale-up Salv is inviting applications for the next cohort of its acclaimed Salv Bridge network. This exclusive cohort of 30 banks, fintechs and crypto companies will share intelligence to tackle the growing issue of Authorised Push Payment (APP) fraud.

APP fraud, also known as account-to-account fraud, bank impersonation fraud or payments fraud, occurs when customers are tricked into sending money to accounts controlled by criminals posing as legitimate payees.

Criminals are thriving on industry silos and regulatory gaps. With global losses from APP fraud projected to reach $7.6 billion by 2028, the financial industry is under immense pressure to find solutions.

Salv Bridge is the first real-time collaboration platform for fraud prevention and recovery. Live for four years in Europe, the platform supports over 70 financial institutions across Europe that use the platform to share intelligence.

Alerts sent by members through the Bridge platform have a true positive rate of over 90%, and companies see recovery rates as high as 80%. When there’s a suspicion of APP fraud, fincrime investigators from different institutions share intelligence to track potentially stolen funds, safeguard customers, and disrupt criminal networks.

“The companies in this cohort will play an active role in proactively combatting APP fraud,” said Ester Eggert, Head of Product at Salv. “By uniting crime fighters across our industry within an intelligence sharing network, we can stop APP fraud before it’s too late. Criminals work in networks, so it’s high time the industry started working in networks too. It’s criminals who should be out of pocket, not customers.”

Applications are now open and spaces limited to 30 companies. Financial institutions interested in joining the Salv Bridge cohort can apply by visiting the Salv website (https://info.salv.com/bridge-app-fraud-cohort). Interested companies are invited to apply from today until Monday 31 March, 2025.

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WUHU, China, Jan. 16, 2025 /PRNewswire/ — JETOUR, the fast-rising global automotive brand, has shattered industry records in 2024, achieving a remarkable 568,387 units in annual sales, marking an extraordinary 80.3% year-on-year growth. This outstanding performance positions JETOUR as a major player in the global SUV market, redefining the pace of success and setting a new standard for the automotive industry. From a promising startup six years ago to a global force, JETOUR is quickly reshaping global automotive landscape with innovative products, unmatched performance, and a customer-first approach.

JETOUR Speed Takes Over Global Markets

In 2024, JETOUR reached new heights in global markets, securing top rankings in the SUV sector in regions such as the UAE, Saudi Arabia, Qatar, and Peru. The JETOUR models have been lauded for their stylish designs, advanced technology, and superior performance, earning numerous accolades, including the “Recommended Model” from Chile’s Recomendados Autocosmos 2024, as well as “Best Design” and “Best 7-Seater Car of the Year” awards in Egypt. JETOUR was also honored with the “2024 Red Dot Design Award”, further establishing its reputation for excellence in automotive design. These achievements reflect JETOUR’s commitment to delivering high-quality, innovative vehicles to global customers.

JETOUR’s growth is further evidenced by its expanding global footprint, now present in 65 countries with over 2,000 sales and service networks worldwide. With a fast-growing international presence, JETOUR has solidified its position as a globally recognized brand, offering products that cater to both everyday drivers and adventurous travelers.

Innovative Products Tailored for Global Travelers

JETOUR is always committed to meeting the needs of global travelers. The T2, JETOUR’s first light off-road vehicle launched in early 2024, has captured the attention of consumers in markets like the UAE, Saudi Arabia, and Qatar. With its sleek design and high-performance off-road capabilities, the T2 has quickly become a favorite among those seeking an exciting yet practical vehicle for their travels. As part of its sustainability efforts, JETOUR also unveiled the T2 i-DM hybrid model in December 2024, integrating advanced hybrid technology to offer a greener driving experience while maintaining JETOUR’s signature performance. This hybrid model reflects JETOUR’s commitment to reducing environmental impact while still delivering an exciting driving experience for customers seeking sustainable travel solutions.

Building the International Traveler Community

JETOUR’s dedication to its customers goes beyond just providing vehicles—it is about building a lasting connection with travelers. The “Traveler” community was introduced to global users to share experiences and enjoy exclusive benefits. The platform offers global warranty services, exclusive travel perks, and a community where JETOUR users can exchange stories of their adventures. In 2024, JETOUR hosted its inaugural International Fan Festival in Qatar. The event highlighted JETOUR’s commitment to fostering a strong, interconnected community of global travelers who share a love for adventure.

Further strengthening its customer services, JETOUR established a large spare parts warehouse in Dubai, ensuring efficient after-sales services for customers across the Middle East. JETOUR’s customer-first philosophy extends to its enhanced service offerings, ensuring a reliable ownership experience for customers worldwide.

Global Corporate Social Responsibility Initiatives

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In addition to its commercial success, JETOUR has remained deeply committed to social responsibility and community impact. In 2024, the company undertook several key initiatives, including rural road development in Kazakhstan to improve transportation for local communities, book donations for children in Saudi Arabia to support education, and a partnership with the Cheetah Conservation Fund (CCF) to support cheetah conservation efforts in Africa. These efforts underscore JETOUR’s dedication to making a positive and lasting impact on the communities it serves, further solidifying its reputation as a socially responsible brand that cares for both people and the planet.

Looking Ahead: JETOUR’s Vision for 2025

Looking ahead to 2025, JETOUR is set to expand its “Travel+” concept, offering even more tailored and personalized travel experiences for its customers. JETOUR aims for its leadership in the hybrid off-road vehicle segment, with various hybrid models set to launch in the coming years. These models will offer adventurers a sustainable way to explore the world without compromising on performance. JETOUR’s expansion efforts will also focus on strengthening its global networks, ensuring that its innovative products and top-tier services reach even more consumers across the globe.

“JETOUR’s record-breaking performance in 2024 is a testament to our unwavering commitment to innovation, sustainability, and customer satisfaction,” said Mr. Ke Chuandeng, Vice President of JETOUR Auto. “As we look toward 2025 and beyond, we are excited to continue empowering global travelers with cutting-edge vehicles and unique travel experiences that enhance their journeys.”

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