LONDON, Oct. 22, 2024 /PRNewswire/ — COCA, the pioneering crypto super app, reported an outstanding Q3 2024, marked by significant product launches, increased user adoption, and vibrant community activities. As the company moved into Q4, it reflected on a quarter that saw various innovations, including the launch of the world’s first Solana-enabled MPC wallet, physical debit cards, and strategic partnerships, which drove both platform growth and user engagement.

A Quarter of Unprecedented Growth and Innovation

COCA experienced substantial growth in Q3, surpassing 138,000 total unique users and 600,000 wallets. Over 9,000 debit cards were ordered and a total transaction volume exceeded EUR 750,000, demonstrating the increasing popularity of COCA’s offerings.

Key highlights included:

• Launch of Physical COCA Debit Cards: COCA introduced physical debit cards that integrated with the app, enabling users to make everyday crypto payments at millions of merchants worldwide, wherever Mastercard was accepted.
• Revolut Pay Integration: Users gained the ability to fund their COCA wallets quickly and securely through Revolut Pay, which simplified access to digital assets.
• Stellar Blockchain for Cost-Effective Top-Ups: The addition of $USDC top-ups via the Stellar blockchain ensured faster and more cost-effective transactions for users.
• BASE Chain Integration: The COCA wallet expanded its capabilities by supporting the BASE chain, a Layer-2 Ethereum network developed by Coinbase, enhancing scalability, reducing costs, and accelerating settlement times.
• Solana-Enabled MPC Wallet and Card: COCA launched the world’s first Solana-enabled MPC wallet and debit card, combining top-notch security with the speed of the Solana network, which allows users to transact with SOL coins seamlessly and spend them globally.

Community Engagement and Strategic Partnerships

COCA’s community initiatives flourished throughout the quarter:

• COCA Points Program: Season 2 concluded with over 22,000 new participants, awarding $3,500 and five Wirex Pay Nodes to top users. Season 3 launched with 11,000 users already participating.
• First-Ever Meme Competition: The company’s Discord saw a surge in creative content during a meme competition, where participants competed for a $150 prize pool, showcasing the community’s creativity.
• Partnership with Whale by Wirex: The integration with Whale, a Web3 mini-app, offered users ways to earn $WXW tokens by completing blockchain and AI-related quests, providing engaging learning opportunities and rewards.
• Farcaster Presence and New Support Webpage: COCA expanded its digital presence by joining Farcaster, a decentralized social network, and launched a revamped support page featuring comprehensive resources for users.

Pavel Matveev, COCA’s Strategy and Product Advisor, remarked: “Q3 2024 was a transformational period for COCA, with substantial strides in product development and community engagement. Our innovations, from Solana-enabled MPC wallets to physical debit cards, positioned us at the forefront of the evolving crypto landscape. As we move forward, we remain committed to driving mass adoption through continuous innovation.”

For more details on COCA’s recent advancements and to participate in the ongoing COCA Points Program, visit coca.xyz.

About COCA

COCA is a next-generation crypto super app designed to simplify and secure the crypto experience for users worldwide. With innovations in security, usability, and integration, COCA is at the forefront of the digital asset revolution. For more information, visit coca.xyz.

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LONDON, Oct. 22, 2024 /PRNewswire/ — H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $65 billion of capital under management, is pleased to announce that one of its affiliates has acquired Rainham Industrial Services Limited (“Rainham” or the “Company”), a leading UK provider of industrial installation, maintenance, and refurbishment services to the power generation, energy from waste, nuclear and manufacturing sectors. The Company’s executive management, which currently owns the business, will reinvest alongside H.I.G. Terms of the transaction were not disclosed.

Rainham provides clients with mechanical, access, insulation, painting, and cleaning services in demanding industrial end markets. It operates from four locations across the UK and has built a strong reputation for quality delivery and an award-winning health and safety capability.

Rainham’s existing management team will remain in place to continue driving the Company’s growth and future development. Rainham benefits from exposure to an ageing UK industrial base and a growing power generation market, as well as customer relationships that span decades. The Company also intends to grow and expand its service offering through selective M&A.

Tim McCarthy, CEO of Rainham, said, “Rainham has built its success by focusing on exceptional service, quality, and safety, which will continue to be the cornerstones of the business going forward. We are excited for the future and believe that by working closely with H.I.G., we can continue to deliver growth in a large and growing end-market.”

John Harper, Managing Director of H.I.G. in London, said, “The UK’s industrial and infrastructure base is set for significant transformation in coming years. We are excited to partner with Rainham’s highly experienced management team to build on their success to date, delivering critical maintenance and development services to asset owners. We both see significant scope for growing the business in adjacent sectors and add-on acquisitions.”

About Rainham Industrial Services

Rainham provides specialist industrial services that support the installation, maintenance, refurbishment, decommissioning and replacement of large industrial plants and infrastructure sites. The business covers the UK from four offices and serves the power generation, energy from waste, nuclear, petrochemical and manufacturing sectors. For more details see rainhamis.com.

About H.I.G. Capital

H.I.G. is a leading global alternative investment firm with $65 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong. H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach:

• H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
• H.I.G.’s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
• H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
• H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.

*Based on total capital raised by H.I.G. Capital and its affiliates.

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Contact:

John Harper
Managing Director
[email protected]

Adam Taylor
Principal
[email protected]

H.I.G. Capital
10 Grosvenor Street
2^nd Floor
London W1K 4QB
United Kingdom
P +44 (0) 207 318 5700
hig.com

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BEIJING, Oct. 22, 2024 /PRNewswire/ — After paid-in foreign investment renewed to a 20-year high last year, Jiangyin, a private economy-reliant city in east China, saw its January-August data of the kind surge to 1.16 billion U.S. dollars.

The city, as a pacesetter among comparable localities in Jiangsu Province, absorbed the eye-catching foreign investment from both old and new foreign investors eager to participate in its strategically emerging industries.

Boasting relatively resilient foundations for integrated circuit, new energy, high-end equipment, bio-pharmacy, and other industries, Jiangyin City embraced 44 new foreign-invested projects in the first eight months of this year.

For instance, the city welcomed in August a new investment project from Trustchip Korea, which planned to build its Jiangyin headquarters and semiconductor equipment assembly and production base there.

Upon operation, annual sales of the base is predicted to reach 350 million yuan. Its second phase mulls construction of the China-Korea chip valley industrial park, where a 3rd generation automotive-grade semiconductor module packaging and wafer factory is planned to be founded.

Together with Jiangyin City, the South Korean company endeavors to jointly build a new model that exemplifies vibrancy of the integrated circuit industry there.

As a miniature of foreign companies’ participation in the major strategically emerging industries of Jiangyin, 30 others such as Unilever and EDF also established new investment programs in Jiangyin this year.

Other “old friends”, referring here to existing foreign-funded enterprises in Jiangyin, scaled up their investment too.

After 10 million U.S. dollars of investment out of profits were in place in early 2024, Alfa Laval (Jiangyin) equipment manufacturing Co., Ltd. who has been running business in China for 30 years intended to upsize its investment by 10 million U.S. dollars next year.

All of these resulted largely from the city’s unremitting efforts in creating a fair, rule of the law-based, policy-leading and innovation-encouraging business environment for foreign-funded enterprises.

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Under a 3-year action plan to pool foreign-funded enterprises’ regional headquarters, real rewards were provided to foster their investment expansion, R&D innovation and profits-based reinvestment in Jiangyin.

Currently, these business-friendly policies and life facilitation measures of six aspects regarding entry and exit, payment, working, living and travelling, consumption, education and medicare of foreigners are translating into pragmatic boosters for the city to attract more foreign investors.

Original link: https://en.imsilkroad.com/p/342713.html

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