Fintech PR
King Street and Bowery’s Voyage Platform Expands Across European Last-Mile Logistics Markets
LONDON, Sept. 19, 2024 /PRNewswire/ — Voyage, the last mile logistics platform launched by King Street Capital Management (“King Street”) and Bowery, today announced it now spans over 2 million square feet across Germany, France and the Netherlands. This follows the recent acquisition of Vaihingen, Voyage’s latest asset in Germany.
Voyage has grown steadily into core European markets such as Paris, the German Rhein-Ruhr region and Eindhoven. The Vaihingen acquisition marks the second in the Stuttgart region since December 2022 and the eighth in Germany since April 2023. It follows Voyage’s debut acquisition in the Dutch market earlier this year.
“Voyage seeks to capitalize on the experience of the King Street and Bowery teams, leveraging sector expertise and skill managing logistics portfolios,” said Paul Brennan, Partner and Co-Head of Real Estate at King Street. “With a healthy pipeline, we look forward to continuing to scale Voyage to further develop its presence in top-tier last-mile logistics hubs.”
The platform seeks to benefit from a combination of price correction in the sector and resilient occupier demand in the target markets. The team believe its nimble and disciplined approach will help Voyage identify acquisition opportunities for functional assets located in the most liquid markets. Bowery has made significant progress with the implementation of accretive asset management initiatives, such as the overall refurbishment of the warehouse space and installation of LED lights to improve the platform’s carbon footprint. Voyage is also investing capex across the portfolio with a goal of achieving a 60% reduction in energy consumption as well as leading-edge ESG credentials to extend the life cycle of its assets.
“As we see market sentiment improving, we are confident in the foundations of the Voyage platform and are excited about the future growth of the portfolio,” said Jean-Marie Caillon, CEO of Bowery. “We believe our international investment culture together with our presence on the ground in each market, provides a strong and comprehensive resource to our investors.”
About King Street Capital Management
King Street Real Estate, the real estate investment division of King Street Capital Management, specializes in equity and debt investments in disrupted markets and complex situations. Since its inception, King Street has completed transactions totaling $15 billion in real estate securities and real estate-related investments.
Founded in 1995, King Street is a global alternative investment firm with over $26 billion in assets under management across both public and private markets. The firm combines rigorous fundamental research with tactical trading and differentiated sourcing capabilities to identify complex and misunderstood investment opportunities across asset classes, up and down the capital structure.
For more information, please visit www.kingstreet.com.
Follow King Street Capital Management and King Street Capital Real Estate on LinkedIn.
About Bowery
Founded in 2020, Bowery is a pan-European investment and asset management company covering the whole spectrum of logistics real estate. Bowery has offices in London and Paris. For more information, please visit www.boweryeurope.com
Follow Bowery on LinkedIn.
Media Contacts
For King Street
Prosek Partners
[email protected]
For Bowery
[email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/king-street-and-bowerys-voyage-platform-expands-across-european-last-mile-logistics-markets-302252592.html
Fintech PR
GSCF Launches Connected Capital with Next-Gen Working Capital Management Solution
Integrating Alternative and Bank Capital on One Powerful Servicing Platform
NEW YORK, Nov. 21, 2024 /PRNewswire/ — GSCF, a leading global provider of working capital solutions, today announced the launch of its enhanced cloud-enabled liquidity management platform and the creation of the Connected Capital ecosystem. Developed on a fully modernized technology stack, this innovative platform is designed to support a financing ecosystem that seamlessly connects alternative capital and bank financing.
GSCF’s highly configurable technology platform is unique as a one-stop solution for optimizing financial operations and accelerating growth, empowering companies and their funding partners to manage the end-to-end working capital cycle. The integration of funding sources can benefit a wide range of companies seeking to complement their core bank funding with access to alternative capital, including large investment grade enterprises and extending to mid-sized companies operating in riskier jurisdictions and industry verticals.
GSCF activated its Connected Capital ecosystem through a multi-year development program aimed at modernizing and consolidating its servicing and funding platforms. The Company has now completed the migration of its currently supported working capital programs, representing approximately $60 billion in annual funding volume, onto the new Connected Capital platform which provides:
- Full-Scope Risk Coverage: One platform that offers broad-spectrum risk coverage by combining the flexibility of alternative capital solutions with the efficiency of bank funding
- Tailored Solutions to Unlock New Growth: Co-creation of custom working capital programs to meet the unique needs of a business
- Actionable Insights: A powerful data warehouse supporting advanced analytics tools that dynamically enhance working capital decision-making and provide real-time insights into performance
- Expert Managed Services: Experienced professionals capable of addressing complex program requirements and delivering efficiency through automated workflows and streamlined operations
“By leveraging our cloud-enabled platform and deep industry expertise, we are empowering organizations to unlock the full potential of their working capital strategies,” said Doug Morgan, GSCF’s Chief Executive Officer. “Our advanced platform provides a seamless and efficient way to tailor funding to meet specific needs, enabling our clients to focus on their core business and access the capital needed to fuel expansion.”
With this significant technology investment and by combining the power of funding and servicing, GSCF has further extended the scope of the Working Capital as a Service (WCaaS) solutions it delivers to corporate customers and their funding partners to address real-time liquidity in a manner that supports sustainable growth. It also positions GSCF to meet the needs of currently underserved sectors, including mid-size companies that currently lack access to capital sources which fit their specific risk profile.
About GSCF
GSCF is the leading global provider of working capital solutions. The company empowers companies and their financial institution partners to accelerate growth, unlock liquidity and manage the risk and complexity of the end-to-end working capital cycle. GSCF’s innovative Working Capital-as-a-Service offering combines the power of an end-to-end Connected Capital technology platform with expert managed services and alternative capital solutions. GSCF’s team of working capital experts operates in over 75 countries, offering a truly global and holistic perspective to solve working capital efficiency challenges. Visit www.gscf.com to learn more.
Contact Information:
GSCF
Natalie Silverman
Chief Marketing Officer
[email protected]
(609) 577-5083
Logo – https://mma.prnewswire.com/media/2418575/GSCF_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/gscf-launches-connected-capital-with-next-gen-working-capital-management-solution-302313195.html
Fintech PR
Zenoo refining services with AI
UK tech company Zenoo sees AI as key component to greater efficiency as it expands its offering to small businesses
CAMBRIDGE, England, Nov. 21, 2024 /PRNewswire/ — Over the last few years digital onboarding provider Zenoo has been exploring the use of AI to refine and improve its services and it has now become a key component in its evolution goals.
The company has already improved team performance by using AI to improve internal efficiency with automated meeting notes and follow up, plus the production of draft technical and contract documentation.
It has also explored the use of AI in automating routine coding tasks; as a natural language to code generator; and in code reviewing and debugging.
In addition, the use of AI is aiding Zenoo in opening up its services to smaller businesses as it allows the organisation to be more cost effective and reduce the time it takes to complete projects by around 35%. It does this by relieving developers of routine work and allowing them to focus on added value and innovative areas within product development. The net result for customers is an overall cost reduction.
Zenoo UK managing director George Taylor said: “Zenoo will continue to focus on AI as a cost effective way to expand and scale the business over the coming years.”
Next year, Zenoo will employ a specific team tasked with staying ahead of curve in AI development and identifying further ways it can improve business performance and customer offerings.
About Zenoo
Zenoo specialises in the remote onboarding of customers for international companies to help them improve their conversion rates, breaking down barriers and making it easier for their customers to open accounts online.
Visit partner.zenoo.com for further information.
Media enquiries
Contact Bruce Ackland on +44 7884 076548 or email [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/zenoo-refining-services-with-ai-302313194.html
Fintech PR
Bybit Waives P2P Transaction Fees for Users in Africa
DUBAI, UAE, Nov. 21, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to reaffirm its commitment to providing ease of access to digital assets for eligible P2P users in Africa at zero fee. Connecting buyers and sellers at no cost, Bybit P2P continues to be the benchmark for cost-effective and convenient trading experiences.
Since its launch in Jan. 2022, Bybit P2P has consistently provided a user-friendly platform for users seeking a safer way to participate in the digital asset class. The services are offered at no costs for merchants and takers in P2P transactions:
- Merchants: Merchants may post advertisements on Bybit P2P for free.
- Takers: Users may place an order through advertisements listed on the P2P platform at no costs. The offer stands across all fiat trading pairs. Third-party fees may incur depending on the payment method chosen, as the payment providers may charge a transaction fee.
P2P Fee Structure (Africa)
Taker Fee (Sell Page) |
Maker Fee (Sell Page) |
|
Bybit |
0 % |
0 % |
Competitor B |
0.5% on completed orders for certain trading pairs |
0 % |
In addition, Bybit has launched an exciting P2P Coupon Giveaway Campaign from now to Jan. 15, 2025. As part of this initiative, users can earn a share of up to 20,000 USDT in rewards by completing tasks such as depositing $100 or trading $50,000 through Bybit P2P. The rewards will be in the form of Bybit P2P coupons to be redeemed in the next purchase, making the zero-fee transactions an even better deal for winners.
“Bybit’s steadfast commitment to contributing to financial inclusion comes in all forms, and keeping our P2P services free for as long as we can, and for as many users as possible, is one of the ways to support the crypto community,” said Joan Han, Sales and Marketing Director at Bybit. “When users come to our platform with the hopes of generating income on their assets, we want to play a supportive role in helping them reach their personal financial goals,” she added.
P2P on Bybit offers an intuitive and cost-effective peer-to-peer trading platform, facilitating the buying and selling of two users’ holdings at an optimal, agreed-upon price between them. With Bybit P2P, users stand to benefit from Bybit’s enterprise-level security and advanced features including comprehensive built-in KYC and KYB verification mechanisms, rigorous asset management protocols, and 24/7 customer service.
Find out more about the event and eligibility at Bybit P2P.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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View original content:https://www.prnewswire.co.uk/news-releases/bybit-waives-p2p-transaction-fees-for-users-in-africa-302313124.html
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