Latest News
Warburg Pincus Strengthens its European Business with two Managing Directors
New hire Tobias Weidner to join the Industrial and Business Services team and current Managing Director Jake Strauss to lead a new European Healthcare team; together they will accelerate the growth and momentum of the firm’s existing European business.
LONDON and BERLIN, June 3, 2024 /PRNewswire/ — Warburg Pincus, a leading global growth investor, announced today the addition of two Managing Directors to its European business: Tobias Weidner and Jake Strauss. They will strengthen the firm’s European business by adding experienced leadership to Industrial and Business Services and the newly formed Healthcare team, working alongside the existing Technology & Telecoms, Financial Services and Capital Solutions teams.
Tobias Weidner joins Warburg Pincus from Bain Capital where he most recently worked in Germany as a Partner in the global private equity team, leading Industrial Technology, Transportation and Aerospace and Defense. Having been an active and highly respected investment advisor in Industrials over the last decade, he brings deep sector expertise and an extensive industry network. At Warburg Pincus, he will work with the Industrial and Business Services team, led by David Reis, a Managing Director in Europe, with a particular focus on the DACH region but with a wider European remit.
Since inception, Warburg Pincus has invested over $20 billion in 126 Industrial and Business Services companies, including Duravant, Pregis, Sundyne and TransDigm. Tobias will leverage the firm’s existing strong global franchise and will focus his advice on investment opportunities within the Industrial Automation and Technology, Aerospace and Defense industries.
Jake Strauss will lead Warburg Pincus’ newly formed European Healthcare investing team which will operate as part of Warburg Pincus’ global healthcare effort, led by TJ Carella, Managing Director, and Head of Healthcare. Jake is a Managing Director with 14 years of experience at the firm as an active investment advisor across the Healthcare and Energy sectors. He has advised on investments including Aetion, Ensemble Health Partners, Helix and the START Center for Cancer Research and has been involved with the firm’s historical investments in Accriva Diagnostics, Bausch & Lomb, and ReSearch Pharmaceutical Services.
Warburg Pincus has invested over $18 billion in more than 186 innovative healthcare and life sciences companies around the world, including Bausch + Lomb, Ensemble Healthcare Partners, Global Healthcare Exchange, Modernizing Medicine, and Sotera Health. The firm has also notably been active in the European healthcare market including recent investments in Polyplus, Simtra BioPharma Solutions, Norstella and the START Center for Cancer Research. Warburg Pincus believes that strong macro-economic and demographic drivers and the rapid deployment of new technology are transforming the healthcare sector, creating significant investment opportunities in businesses that drive improved patient outcomes and reduce costs to the healthcare system.
“We are delighted that Tobias and Jake will be joining our European Warburg Pincus team. They bring deep sector expertise and broad experience that will add greatly to our existing capabilities,” said Andrew Sibbald and René Obermann, Managing Directors, and Co-Heads of Europe. “Warburg Pincus was one of the first global private equity firms to launch in Europe and we have a long history of partnering successfully with growth businesses in the region. Tobias and Jake join a business with real momentum as we seek to cement our position as the long-term partner of choice for companies looking to grow, transform, and scale their businesses in each of our four coverage sectors.”
“I am excited to be joining the Warburg Pincus team,” said Tobias Weidner. “Now is a pivotal moment in the Industrials sector as businesses rapidly need to adapt to a technology driven future and I believe that Warburg Pincus is a well-placed investor who can offer a partnership to founders and management teams that is built on long term impactful support which provides the guidance and capital they need.”
“Warburg Pincus’ healthcare business is a best-in-class platform, and we have been a very active investor in the sector globally,” said Jake Strauss. TJ Carella added, “We are excited for Jake to lead our European healthcare efforts as we build upon our recent successes in Europe and leverage our global franchise to continue to identify compelling investment opportunities across the sector.”
Warburg Pincus is one of the leading global growth investors in Europe and one of the first to invest in Europe in 1983. In Europe, the firm has invested more than $15 billion in over 126 companies across 23 European countries. It has one of the largest pools of available growth equity capital in Europe and partners with industry-leading management teams seeking to build, transform and scale businesses that have the potential to create long-term sustainable value.
About Warburg Pincus
Warburg Pincus LLC is a leading global growth investor. The firm has more than $81 billion in assets under management. The firm’s active portfolio of more than 250 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Since its founding in 1966, Warburg Pincus has invested more than $116 billion in over 1,000 companies globally across its private equity, real estate, and capital solutions strategies. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information, please visit www.warburgpincus.com. Follow us on LinkedIn.
Contact
Jenna Ward | Head of Communications, Europe
T: +44 7570 844 338
E: [email protected]
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HONG KONG, Aug. 7, 2024 /PRNewswire/ — COCA, a pioneering force in the crypto wallet and financial services industry, has achieved several remarkable milestones in Q2 2024. Thanks to the steadfast support of its user community, COCA has launched new features, expanded its partnerships, and garnered prestigious accolades, further solidifying its position as a leader in the crypto space.
Launch of Physical Cards
COCA has introduced its highly anticipated physical cards, which are now available globally and compatible with Apple Pay and Google Pay. These cards allow users to make transactions with ease, earning cashback rewards on their purchases. This significant launch marks a step forward in integrating crypto with everyday financial activities, enhancing user convenience and financial flexibility.
Wallet Growth Milestone
The company has reached a significant milestone with 510,000 active wallets, reflecting a 102% growth quarter-on-quarter. This surge in active wallets highlights the increasing trust and adoption of COCA’s platform, as more users join the COCA community to manage their crypto assets securely and efficiently.
Transaction Volume Surge
In Q2 2024, COCA processed over USD 450,000 in transactions through its platform, demonstrating the robust usage and popularity of its financial services. This impressive transaction volume underscores COCA’s commitment to providing smooth and efficient crypto payment solutions.
Integration with Revolut
COCA has made it easier for users to fund their wallets by integrating with Revolut. This new feature allows seamless loading of crypto assets, enhancing the overall user experience and accessibility of COCA’s services.
Award Recognition
COCA has been honoured with the “Best Startup” award in the Financial Revolution category at CONF3RENCE & BLOCKCHANCE 2024. This award is a testament to COCA’s innovative approach and significant impact on the future of finance, recognizing its efforts in driving forward the digital financial ecosystem.
New Strategic Partnerships
COCA has formed strategic partnerships with industry leaders such as Wirex Pay and GoMining. These collaborations aim to provide users with enhanced rewards and a superior overall experience. The partnerships signify COCA’s dedication to expanding its ecosystem and delivering greater value to its users.
Welcoming Pavel Matveev
COCA is excited to announce the addition of Pavel Matveev, Founder of Wirex, to its team as a Strategy and Product Advisor. Pavel’s extensive experience and visionary approach are expected to drive COCA’s strategic initiatives and product development, contributing to the company’s continued growth and innovation.
Season 2 Point System Launch
Season 2 of COCA’s popular point system has launched, offering users the opportunity to earn points through various activities, including trades, referrals, holding assets, and spending with COCA cards. With a prize pool of USDT 3500 and 5 Wirex Pay Nodes, this season promises exciting rewards and increased user engagement. The season ends on August 9th, so users are encouraged to participate actively.
NFT Giveaway
In a special giveaway, COCA distributed 1000 GoMining NFTs to lucky users. These NFTs provide unique benefits, including enhanced mining capabilities and exclusive digital collectibles, adding significant value to the user experience.
For further details on COCA’s Q2 achievements and upcoming initiatives, visit the company’s blog.
Website: coca.xyz
COCA continues to redefine the crypto experience with its innovative solutions, seamless integrations, and user-focused approach. The company’s recent milestones and future plans highlight its commitment to leading the way in the digital financial landscape.
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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VICTORIA, Seychelles, Aug. 7, 2024 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to announce the launch of GemPool, its innovative new platform that allows users to acquire token airdrops as a reward for staking their crypto assets. This unique product is designed to provide early access to emerging crypto projects while offering rewards for their existing holdings at zero cost. By staking respective tokens in separate pools, users can farm new tokens and gain a foothold in the latest developments within the cryptocurrency market.
GemPool also offers flexible staking terms, allowing users to stake and un-stake their assets anytime within the designated period without lock-up restrictions. This flexibility ensures that users can manage their assets according to their preferences and market conditions. Additionally, GemPool provides zero-cost rewards, enabling users to earn tokens while holding their existing cryptocurrencies. By staking their tokens, users contribute to the growth of promising new projects, supporting innovation and development within the crypto space. With completion of tasks offered, users are eligible to earn multiplier bonus and receive more rewards.
Users can participate by staking KCS, USDT, or other specified assets in designated pools. The rewards are earned according to the respective yields of the pools, ensuring a fair and exciting experience for all users.
For more information on how to participate and the benefits of GemPool, please visit the KuCoin GemPool page.
About KuCoin
Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.
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View original content:https://www.prnewswire.co.uk/news-releases/stake-and-earn-with-kucoins-innovative-gempool-platform-302216471.html
Latest News
Trust Wallet Launches Gamified Education Platform and Loyalty Program to Enhance and Reward Web3 Learning
DUBAI, UAE, Aug. 7, 2024 /PRNewswire/ — Trust Wallet, the world’s leading self-custody Web3 wallet and Web3 gateway trusted by over 130 million users, has launched Trust Wallet Quests, a gamified education platform within the Trust Wallet mobile app which encourages users to earn points while exploring and learning about Web3.
Users can engage in task-based challenges ranging from quizzes to complex problem-solving scenarios composed of various DeFi and Web3 activities, all designed to deepen their understanding of blockchain technology and decentralized applications (dApps), and expose them to exciting opportunities within Web3. As an incentive, users will earn Trust Points, a loyalty-based points system designed to reward user activity within the Trust Wallet mobile app. With Trust Points, users can earn rewards upon the completion of specific tasks, making Web3 more rewarding and fun.
In the future, Trust Points will offer additional gamification features, such as unlocking achievements, badges, and levels. This interactive approach not only boosts individual learning but also contributes to broader community education and adoption of decentralized technologies, making Trust Wallet Quests a dynamic and exciting way to reward loyal users and engage with communities in Web3.
On the motive for launching Trust Wallet Quests, Eowyn Chen, CEO of Trust Wallet, stated: “The complex technology and fast-paced industry can be intimidating for both new and seasoned users. The introduction of Quests on Trust Wallet further solidifies our commitment to making it easier for millions to navigate Web3, aligning perfectly with our mission to build a seamless Web3 hub and open ecosystem for all.”
Nate Zou, Head of Product at Trust Wallet, highlighted what to expect from Trust Points and Trust Wallet Quests: “Trust Points and Quests are just the first iteration of a much-needed reward system for our community. Within 2024, we have plans to build on this, combining rewards with many of our other web3 product offerings. Overall, we envision this points system not only changing how users engage with Trust Wallet, but also encouraging more collaboration between Trust Wallet, our users and other web3 ecosystem players.”
Trust Wallet Quests and Trust Points are now available on both Android and iOS versions of Trust Wallet’s mobile app. Download here: https://short.trustwallet.com/TrustWalletQuests
About Trust Wallet
Trust Wallet is the self-custody, multi-chain Web3 wallet and Web3 gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it easier, safer, and convenient for millions of people around the world to experience Web3, access dApps securely, store and manage their crypto and NFTs, buy, sell, and stake crypto to earn rewards, all in one place and without limits.
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View original content:https://www.prnewswire.co.uk/news-releases/trust-wallet-launches-gamified-education-platform-and-loyalty-program-to-enhance-and-reward-web3-learning-302215130.html
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