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Sheaff Brock Reviews Chip Stocks’ Potential Trading Opportunities
Sheaff Brock CIO Dave Gilreath explores chip stocks and their possible trading opportunities in an article for Financial Advisor Magazine, “Why Chip Stocks Are a Near- and Long-Term No-Brainer.”
“Many advisors may be letting the new bear market and fears of near-term recession deter them from taking advantage of low semi valuations. Contrary to the philosophy of strategic opportunism they may espouse, they’re staying away,” Gilreath writes.
Gilreath includes a few points of research to support the possibility of growth “as the super cycle that began in 2020 continues, a report from McKinsey & Co. concludes.”
- For 2022, growth of about 10% is projected—to a record $600 billion-plus—and by 2030, to more than $1 trillion, reports Deloitte, characterizing this growth as “robust.”
- These projections are linked with extremely high confidence in the industry—at an all-time high, KPMG reports—regarding performance this year. About 95% of semiconductor company leaders forecast their revenue to grow this year—68% of them at 11% or more. Further, 88% expect to expand capital spending and workforces this year.
- About 70% of the industry’s growth this year will be driven by just three user industries: automotive, computation, and data storage/wireless.
The highly digital focus of the United States should continue to drive demand for chip stocks, keeping tech as a market driver.
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Aurionpro Solutions acquires Arya.ai, to power next generation Enterprise AI platforms for Financial Institutions
SINGAPORE, April 20, 2024 /PRNewswire/ — Aurionpro Solutions Limited (BSE: 532668) (NSE: AURIONPRO) announces the acquisition of Banking and Insurance focused PaaS startup, Arya.ai. With Arya.ai, Aurionpro will enhance its portfolio of enterprise fintech offerings to expedite adoption of AI that is responsible, accurate, and auditable.
Aurionpro Solutions Ltd. will acquire a majority stake (67%) in Arya.ai. This acquisition will bring products and expertise in Artificial Intelligence, Deep Learning, Intelligent Automation, PaaS, Autonomous AI Platforms, and more, to complement and strengthen Aurionpro’s industry leading portfolio.
The transaction comprises acquisition of shares held by the existing shareholders and subscription of new equity capital in the company. This will be an all-cash deal. The aggregate investment including secondary acquisition and fund infusion is approximately 16.5 MN USD.
By integrating Arya.ai’s cutting-edge AI cloud platform, with Aurionpro’s comprehensive suite of offerings, the company will create an industry leading Enterprise AI platform focused on creating value for financial institutions globally.
Commenting on the acquisition, Ashish Rai, CEO of Aurionpro Solutions, stated, “The acquisition of Arya.ai marries Aurionpro’s portfolio of industry leading enterprise software with one of the most mature Enterprise AI platforms focused on Banks and Insurers. We are incredibly excited about working with Arya.ai and our wider ecosystem partners to build out the leading Enterprise AI platform, for the financial industry worldwide.”
“Our decade long experience in building tools/platform for deep learning helped us to build a truly verticalized AI Operating System for Banking and Insurance.” Says Vinay Kumar CEO/Founder of Arya.ai. “Together with Aurionpro, we are going to build a new generation of Enterprise AI software for Banks and Insurers that truly embeds AI, augmenting a task or Autonomous Agents that can take over entire transactions”.
Founded in 2013 by Vinay Kumar and Deekshith Marla, Arya.ai has been one of the first ‘AI’ startups to use Deep Learning and deploy in enterprises. Arya.ai’s BFSI PaaS offerings include Arya API with 80+ ML models, Libra for fine-tuning SOTA ML models, and AryaXAI for AI governance.
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View original content:https://www.prnewswire.co.uk/news-releases/aurionpro-solutions-acquires-aryaai-to-power-next-generation-enterprise-ai-platforms-for-financial-institutions-302122674.html
Pliant, a Berlin-based B2B credit card fintech, has secured over €18 million in a Series A extension, pushing the total funding for this round beyond €50 million.
PayPal Ventures led the latest investment round, with participation from existing investors Alstin Capital, SBI Investment, and Motive Ventures.
Earlier this year, Pliant raised €28 million through its initial Series A funding round. With this new injection of capital, the company is set to expand its cards-as-a-service (CaaS) product into markets outside the European Union, with a focus on the UK.
To facilitate its expansion plans, Pliant has developed multi-currency capabilities, allowing it to offer services in 11 different currencies. This enhancement enables customers to receive invoices in the same currency used for the transaction, a feature particularly beneficial for businesses dealing with significant volumes in non-EUR currencies.
Pliant attributes this funding success to its strong performance in 2023, where it doubled its annual revenues.
Additionally, the fintech has broadened its reach by extending its Electronic Money Institution (EMI) license to cover 25 countries across the European Economic Area (EEA). This expansion allows Pliant to offer financial services beyond card issuance in the region.
Source: fintechfutures.com
The post Credit card fintech Pliant lands €18m Series A extension led by PayPal Ventures appeared first on HIPTHER Alerts.
“inGain Raises €650,000 to Enhance No-Code SaaS Loan Management Solution”
Latvian fintech startup inGain has secured €650,000 in funding from investors including Trind VC, Fiedler Capital, the Latvian Business Angels network, and several individual business angels.
inGain specializes in providing a lending solution tailored for traditional and fintech lenders, SME lenders, crowdfunding platforms, and businesses outside the finance sector seeking to introduce and expand their lending and financial products.
Their no-code SaaS loan management system allows businesses to streamline operations without the need for extensive IT management. It caters to various loan types, including secured and unsecured installment and credit line loans, subscription services, rent-to-own options, and other fintech products. These services are accessible to consumers and businesses across different industries, both online and offline, with payment options available in cash or via transfer.
Armands Liseks, co-founder and CEO of inGain, shared an example of how their solution benefits businesses, citing a store chain in Switzerland that specializes in selling high-value musical instruments, particularly pianos. Liseks highlighted the flexibility of their platform, illustrating how businesses can offer leasing options to customers, providing them with greater choice and flexibility in payment methods.
With the newly acquired funds, inGain plans to finalize the development of a no-code self-service platform. This platform will empower any interested company to create a customized lending tool tailored to their products and specific requirements.
Reima Linnanvirta, a partner at lead investor Trind VC, expressed confidence in inGain’s product and team, emphasizing the comprehensive nature of their solution and the transformative potential of their no-code approach. Linnanvirta believes that inGain is well-positioned to disrupt the market and secure a significant share due to the outdated nature of existing solutions in the industry.
Source: tech.eu
The post Latvian Fintech inGain Raises €650,000 for No-Code SaaS Loan Management System appeared first on HIPTHER Alerts.
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