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Solaris Bank’s co-founder has been appointed as CEO of SME Bank

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Solaris Bank’s co-founder has been appointed as CEO of SME Bank

The German bank SME has started Penta. They have appointed the co-founder of the Solaris bank as their new CEO. Marko Wenthin is the new captain who is leading the way for the bank. He has replaced Lav Odorovic who was the co-founder of Penta.

It was a topic of discussion that Odorovic will leave the company and there will be a need of a well-experienced person for that post. The principal decision was of the new owner of the company named Finleap. The only relationship with Penta will be a shareholder of SME. They are also following the steps of Penta cofounder.

Solaris Bank has a board member named Within. He worked out of the board in the year of 2018 as for some health issues. He needs to get well soon.  Later it was said that the physical problem is not the main issue for stepping out of the authority. It is a very wonderful thing that he is taking charge of Penta’s CEO.

In the case of Odorovic’s walking out, Penta has stated that:

 “Lav is still part of the shareholders at Penta. His step back from the operational management team was a decision taken by mutual agreement. Lav was the right fit during the building phase of Penta, but by entering a new step of growth, the company faces bigger challenges and needs therefore to position itself differently”.

According to Penta, Wenthin has a leadership quality and has an experience of 16 years on Deutsche Bank. So he has the capability to expand the company on an international level. Penta stated on this issue:

 “In the future, the focus will be also on traditional medium-sized companies.”

Wenthin also added on a statement that:

 “I am very much looking forward to my new role at Penta. On the one hand, digital banking for small and medium-sized companies is very important to me, as they are the driver of the economy and I have spent most of my career in this segment. On the other hand, I have known Penta and the team for a long time as successful partners of Solaris Bank. Penta is the best example of how a very focused banking provider can create real, digital added value for an entire customer segment in cooperation with a banking-as-a-service platform”.

On the heat of the moment, Techcrunch came to know that walking out of Odorovic was the only personal reason to appoint Wenthin in that particular post. According to the source of Linkedin, Orlic has also left the post CTO on the month of May. So, Penta is also searching for a new CTO. Pentas Management team has members like Matteo Concas as Chief Marketing Officer, Lukas Zoner as CPO, Luka Ivicevic as Chief of staff along with Wenthin.

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Binance starts to restrict United States users ahead of the regulatory compliant exchange launch

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Binance starts to restrict United States users ahead of the regulatory compliant exchange launch

Finally, the largest cryptocurrency exchange is going legit. Binance is known to process a total of $1 billion on a day to day basis and for a long period of time has embodied the Wild West culture of crypto. It still implements all types of restrictions for the United States of America passport holders on a worldwide basis.

The company has grown drastically and has become one of the biggest names in the crypto industry, which basically allows everyone to use all its services so that they can trade myriad tokens. In the past year, the company has become more professional and has started to offer services in a more organized manner.

Just this week, the company announced that they will soon be pairing up with BAM Trading Services. This will surely be a level of disruption for all the customers of the United States of America. People from the United States of America cannot sign up for the Binance.com service.

“Binance is unable to provide services to any U.S. person.”

-which were confirmed to TechCrunch by a spokesperson.

All the people who are using the service will be given a period of 90 days before the company will stop receiving payments. The company has not yet mentioned that if the ban will be with the help of the geolocation or with the help of the IP address.

The 90-day period, which will be given to the customers will end on the 12th of September 2019. According to experts, people from the United States can simply browse through the website only when they will be using some kind of VPN which will show their location outside of United States of America because of their servers present outside the country.

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Social commerce startup Meesho is backed by Facebook in the first India investment

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Social commerce startup Meesho is backed by Facebook in the first India investment

Right now, Facebook is exploring to grow revenue from its franchise of Whatsapp. This organization has already turned into a startup which has now a new lead with it. The social juggerland said that they have already invested in a social media startup which will be equal to other social media startups. He made this statement today.

The two organizations (Meesho and Facebook) raised a fund of $65 million from other investors. The name of the investors is RPS ventures, DST partners, Shunwei capital and other financial companies before the announcement was made. One of the very reliable sources said in this matter to TechCrunch that the funds were “very significant”.

Meesho is Y Combinator alumnus which is actually a marketplace that has a connection with sellers. On this social website, any seller can connect with any customer who ever they feel like. It is a startup which is four years old and has a reseller of 2 million who deals with home appliances, apparels, and other electronic items.

These types of resellers are mainly homemakers, most of them who are using a smartphone for the first time. Eighty percent of the user’s base of Meesho is female. It was started by co-founder and CEO of that organization.

Meesho also has their client’s indifferent small town and country parts of a nation. The main problem is that most of the clients are not online. This is the two main reasons which attracted Facebook to Meesho. This was told by Ajit Mohan to TechCrunch who is the VP of Facebook India.

He stated that:

“A platform that is aimed at India 2 and has such a large user base of women — when most people online in India are predominantly men — is a remarkable achievement.”

It was declared through different male’s accounts and estimates which are done on 70% of Indian Internet users.

Meesho also says that they are helping many resellers who can earn more than Rs.25000 per month. Aatrey said in an interview to TechCrunch that they have a plan to enter the international market very soon.

Right now, Whatsapp is playing a very vital part of this mission. The startup starts to use different social media platforms like Facebook very soon. It will help to spread its business on a global level. Last year, Facebook launched a marketplace in India in which you can get the service as you get from Meesho.

Facebook is now trying different fields. They are trying to invest in different businesses. It will help different types of startups with new encouragement. He stated that:

“Wherever we believe there is opportunity beyond the work we do today, we are open to exploring further investment deals.”

Actually, there are no new partitions where Facebook is focusing.

Till date, Facebook hasn’t given any kickstart to WhatsApp. There was no campaign or something like that with which Whatsapp can grow the communication service in all over the world.

Google, Amazon, and Twitter have also made their initial step by investing in such new Indian Startups. Twitter has already owned ShareChat which is a social media platform. Google has already given funds to a startup named Dunzo. It is a hyperlocal concierge app. Facebook has also backed an Indian startup some 5 years ago.

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Lifen has managed to collect a fund of $22.7 million for its healthcare messaging platform

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Lifen has managed to collect a fund of $22.7 million for its healthcare messaging platform

Lifen is a French startup which has raised a fund of $22.7 million, which is almost around €20 million. In the round of investment, the leading groups are Majycc eSanté and Idinvest Partners. Their previous investors like Daphne and Serena are also investing in this project.

Most of the healthcare societies of France still depends on stamps and physical letters. Lifen wants to help the medical professionals and the hospitals so that they can switch to digital letters. It will help to save time and money.

It was very easy at the first attempt to send a digital receipt instead of printing them for one more time. The factor is getting more complex when the health data starts spreading. The companies related to health and medicine should follow all the rules and regulation to keep all the data safe, secure and confidential. Lifen declared that all the pieces of information are encrypted, no one can’t access them properly.

Right now, Lifen is working as an interface with various types of electronic messaging protocols. The protocols are like Zepra, Apicrypt, MS Santé, and Medimail. A letter can be sent to those protocols by clicking on some links. No one can destroy the papers, so anyone can send the letters through French postal services.

The startup is working on managing a record of the healthcare members and it also takes care of the open mails. But in case of receiving messages service, Lifen acts as a unified message inbox. Then Lifen looks like an interface which has an outbox and inbox. The documents can be sent to different portions and the members can sort the patient folder very easily.

When thing diverts to user experience, the startup has gone on a mission to speed up different things. After fixing things up, Lifen is trying to print the pop-ups. Anyone can use any kind of app which can afford to print.

User experience is quietly satisfying. The main motto of the service is to figure out all the problems and documents them in a letter. Lifen also helps to find the details of an appropriate healthcare professional.

The healthcare professional can have access to Lifen by €25 per month per head. As per common sense, we can assume that the hospitals and any healthcare firm can give more to have the service of Lifen.

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