Fintech PR

Clue ARR more than tripled from Series A in 2021

Published

3 months ago

September 3, 2024

CISION (PR Newswire)

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World-leading counter-fraud expert Laura Eshelby joins Clue Software after record growth

Eshelby joins the Bristol-based investigation software market leader as Head of Economic Crime

BRISTOL, England, Sept. 3, 2024 /PRNewswire/ — Clue Software, the leading provider of software for investigations and intelligence management, has today announced the appointment of Laura Eshelby as Head of Economic Crime. Eshelby joins Clue after ten years at the Cabinet Office, where she was the Deputy Director for Practice, Standards and Capability at the Public Sector Fraud Authority.

The investigations software company, which raised £4 million in February 2024 in a round led by Frog Capital, has experienced significant growth. It has tripled its ARR over the last four years since Frog’s initial investment in 2021, with a 50% ARR surge in the past 12 months alone.

Clue has expanded its international customer base of more than 5,500 users, adding notable new clients such as a major UK government regulator, one of the world’s top 10 retailers by revenue, and a leading UK sports governing body. Additionally, Clue has strengthened its presence in both the UK government sector and the US market, securing significant business with a ‘Big Four’ tech company.

As Head of Economic Crime, Eshelby will expand the team’s portfolio across public and private sectors amidst a surge in fraud, which has doubled in the last year to £2.3bn. Having played a key role in shaping the UK government’s fraud policies, she recognises the essential role systems like Clue play in combating fraud and economic crime.

With over 23 years of experience in counter fraud and economic crime in the UK and overseas, Eshelby previously led the design and implementation of the first Government Counter Fraud Profession for the Public Sector Fraud Authority, where she chaired the Cross Sector Advisory Group.

On her appointment, Laura Eshelby, Head of Economic Crime at Clue, commented: “I’ve spent my entire career seeking to better understand fraud and corruption and root it out through investigation. Clue is an amazing opportunity to use my insight and continued passion to make cross-system change and reduce the harm caused by economic crime. The core Clue values and mission – with safeguarding and counter corruption at their heart – made this an ideal match for me.”

Clare Elford, CEO at Clue, added: “The last four years have seen incredible growth here at Clue and we are delighted that Laura has joined us to continue to grow our community of investigation professionals across sectors worldwide and help instill best practices. She has a proven track record of building these capabilities and leveraging technology to modernise the investigative experience at both a public and private level and we look forward to her helping to grow our economic crime and insider threat business.”

Eshelby’s appointment follows a rapid expansion of the Clue team as it looks to strengthen its investigation and intelligence domain expertise, including Matt Horne, Director of Intelligence and Investigations and Nicola Thorn, Intelligence and Investigations Manager.

The new team will be sharing their insight and expertise at the upcoming Clue Connect Live on 12^th November. Clue Connect Live 2024 is the 9^th consecutive year of the company’s flagship conference that brings together the Clue community to exchange insights on the newest Clue advancements, delve into shared challenges and discover best practices in intelligence and investigations.

About Clue Software
Clue Software helps governments, corporations, law enforcement agencies, sports organisations, and non-profits detect, investigate, and prevent wrongdoing.

Our world-class investigation and intelligence management software centralises and links all information into searchable data structures, proactively identifying and alerting you to connections within your data. With Clue, investigation teams can detect threats, prevent recurrence, uncover actionable intelligence, and expedite investigations to successful outcomes.

Intelligence and investigations professionals can share their knowledge, develop best practices and discuss challenges on Clue Connect – the online hub for the Clue community. They can also listen to real-world insight directly from the Clue team on their podcast – Joining the Dots with Thomas Drohan.

Learn more at cluesoftware.com.

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Fintech PR

Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

Published

2 hours ago

November 24, 2024

CISION (PR Newswire)

wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

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Fintech PR

Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

Published

2 hours ago

November 24, 2024

CISION (PR Newswire)

qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech,-wahed

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

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Fintech PR

China’s AIMA brand electric motorbike is now in Bangladesh

Published

15 hours ago

November 23, 2024

CISION (PR Newswire)

DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.

In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.

Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.

AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.