Company attributes strong growth to global expansion and increased customer demand

Qumulo, the breakthrough leader in radically simplifying enterprise file data management across hybrid cloud environments, today announced it ranked No. 163 on the 27th annual Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America. Qumulo® achieved this recognition following impressive company growth, increased demand from customers around the world, and continued high customer satisfaction. With the world’s most innovative file storage technology, Qumulo continues to be recognized as a leader in the file data storage space, helping customers store, manage and build with unstructured data across any environment. 

Bill Richter, CEO of Qumulo, credits the company’s ability to grow its customer roster and expand its presence to more than 50 countries, to the global increase in both creation and consumption of unstructured data. 

As the world continues to digitize everything and as unstructured data becomes an increasingly important part of entertainment, innovation and human health, Qumulo is at the forefront to clear the path and make it simple to store, manage and create with unstructured data at massive scale.

“Our society is generating unstructured data at an unprecedented rate and we rely on its use for virtually every facet of our lives – from improving healthcare outcomes, to tackling global climate change, to streaming our favorite shows on television,” says Richter. “Qumulo has always been laser-focused on solving our customers’ needs to store, manage, and understand their data, anywhere. We’re honored to receive this recognition from Deloitte that underscores how Qumulo is contributing to our customers’ success and to the industry’s growth as a whole.”

Fortune 500 companies, major film and animation studios and some of the world’s largest research facilities rely on Qumulo to manage billions of files. Qumulo ranks among the highest Net Promoter Scores (NPS), consistently over 85, and is recognized by users for its dedication to customer satisfaction.

Learn more about how Qumulo is helping enterprises manage vast amounts of data as one of the world’s fastest-growing companies; contact us today. 

Sedric, an AI-based compliance excellence platform for next-gen fintechs, today announced that it has raised US$ 3.5 million in seed funding to increase consumer protection and transform fintech compliance. Led by StageOne Ventures, Sedric will use the funding to support its global expansion and onboard its growing base of new fintech customers.

Sedric enables fintech companies to increase consumer protections and comply with changing global regulatory requirements. Its AI-powered platform monitors every customer engagement and auto-detects high-risk interactions to ensure compliance. Sedric’s customers include leading fintechs in Europe and North America providing trading, investing, and lending services.  Spending on compliance by fintechs increased by more than 200% over the past two years, yet consumer complaints against companies in the sector increased by almost 180% in the first half of 2021 compared to the year prior. The number one compliance challenge for financial services firms is keeping up with regulatory change, resulting in bottlenecks and inhibiting growth.

“The cost and reputational damage from non-compliance is a top risk for today’s growing fintech industry,” said Nir Laznik, Co-founder and CEO at Sedric, “Regulators around the world are racing to add more rules to protect customers, requiring continuous monitoring and real-time implementation for fintechs to navigate and grow. We are thrilled to expand our services globally and provide fintechs with an advanced compliance platform that significantly lowers risks and helps them scale.”

“The global fintech industry is expected to reach $190 billion in 2026, and Sedric is designed to assist  companies in the fintech industry aiming to protect their customers and brands,” said Nate Meir, Principal at StageOne Ventures. “With significant increases in regulatory scrutiny around the world, and constantly evolving financial regulation, Sedric gives fintechs an advanced platform to manage changing regulations quickly and easily. We are excited to support Sedric’s global expansion and mission to support fintechs around the world.”

Prominent financial services executives James Kong, former Managing Director of BlackRock; Micha Breakstone, co-founder of Chorus.AI; and Alon Shemesh, co-founder of Forter and Homeward Ventures participated in the round and serve as advisors to Sedric. With rule changes up nearly 500 percent and a new regulatory update issued every seven minutes globally, it is increasingly difficult for fintechs to keep track of regulatory developments. To help, Sedric leverages machine learning to analyze millions of customer interactions across its network to proactively recommend steps to enhance customer protections and meet changing requirements. Kong said, “Compliance is a top priority for every business providing financial services. Sedric automates this critical function and takes a collaborative approach.”

DoraHacks and Binance Labs co-organizing Season 3 of Binance Labs Incubation Program

● Paysend joins elite list as a winner of Deloitte’s UK Technology Fast 50 ● Paysend also ranks as third fastest growing FinTech in the UK 

Paysend, the card-to-card pioneer and international payments platform, has been announced a winner of Deloitte’s UK Technology Fast 50, placing  third in the ranking thanks to 14,498 per cent growth. Paysend is also the third fastest growing  FinTech company in the UK by revenue.  

Now in its twenty-fourth year, Deloitte’s UK Technology Fast 50 is one of the UK’s foremost technology award programmes. Celebrating innovation and entrepreneurship, the ranking  recognises the country’s fastest growing companies based on revenue growth over the past four  years. Previous winners include Revolut, Transferwise and GoCardless. 

Ronnie Millar, CEO at Paysend, said: “FinTech companies again dominated Deloitte’s UK  Technology Fast 50, highlighting the accelerated rate of digital change that is happening in the  payments space. We’re extremely proud to be a significant part of that story as we connect  millions of ordinary people and businesses to increase financial inclusion worldwide. 

“This is a proud moment for Paysend, coming so soon off the back of reaching the major milestone  of five million customers in under five years, making us one of the world’s fastest growing  FinTechs by customer base. I’d like to thank Duncan and the team at Deloitte for their recognition  of the hard work and determination of the Paysend team, who put customers at the centre of  everything they do.”  

Duncan Down, lead partner for the Deloitte UK Technology Fast 50 programme, said: “The  extraordinary growth of this year’s Fast 50 represents the remarkable tenacity of the UK’s  technology industry. Deloitte’s 2021 Fast 50 awards are a clear demonstration of the wealth of  talent, creativity, and entrepreneurship in the UK’s technology industry today.

“The 50 fastest growing UK technology companies, as ranked by Deloitte, generated around  £2.92bn in total annual revenues in the year 2020/21 and employed more than 19,320 people.  The Deloitte UK Technology Fast 50 recorded an average three-year growth rate of 3,337 per  cent.” 

Commenting on UK inflation rising to 4.2% and the Bank of England needing to be patient, Dan Boardman-Weston, CIO at BRI Wealth Management, said: “Inflation came in at 4.2% in October up from a reading of 3.1% in September and the highest level in nearly a decade. The rise was a little ahead of forecasts of 3.9% and was predominantly driven by household energy bills, the price of fuel at the pumps and the cost of restaurants and hotels. The level of inflation is going to keep getting worse over the coming months as supply stays stretched, demand stays robust and base effects technically push the rate of inflation higher. This is undoubtedly going to put pressure on the Bank of England to raise rates, which we suspect they will have to do in the next few months given the high levels of inflation and robust labour market. Nothing we see leads us to believe that this inflation is permanent and as we start heading into Spring next year the figures will start falling rapidly. The Bank of England needs to be careful that they’re not too hasty in tightening monetary policy as a policy misstep could do more harm to the economy than this transitory inflation we are witnessing.”

News follows an unprecedented year of success for the leading lendtech, having recently announced an impressive £300m in investment

Leading UK LendTech, DivideBuy, today announced it has ranked on Deloitte’s UK Technology Fast 50 2021 list for a third consecutive year.

The news follows an unprecedented year of success for the Newcastle-under-Lyme business, having recently announced a milestone £300m funding agreement with global investment management firm, Davidson Kempner Capital Management LP – an instrumental move in driving DivideBuy’s charge as a leading player in the point-of-sale market.

Growth has further been bolstered by the acquisition of several major retail partners, a broadening of its consumer base, and a major shift in consumer attitudes towards credit.

Robert Flowers, CEO of DivideBuy, commented, “Having previously ranked first and fourth, making it onto Deloitte’s Technology Fast 50 list for the third consecutive year is a major achievement for DivideBuy, and testament to both the hard work of the team, the continued innovation of our technology, and the ever-increasing popularity of interest free lending.

“DivideBuy’s growth has been driven by strategic investment, a passion for making alternate payments simple, and a deep understanding of the challenges and opportunities that businesses face. To be recognised once more is a clear indicator that our solution is exactly what the market needs at this time, as the retail world slowly begins to open up following the devastating effects of the pandemic. Seeing more and more retailers onboard with us each month demonstrates how truly important IFC facilities are to the market right now.”

“We pride ourselves on working closely with our retail partners, delivering tailored solutions to service their customer base, which is down to our blend of technology and personal touch – a combination that has been acknowledged by the Deloitte panel for a third year.”

DivideBuy’s technology platform is built on retail understanding and consumer insight, solving many common pain points for its merchants. This distinctive approach enables retailers to provide a credit option with no hidden charges and capabilities such as an online checkout that provides real-time credit decisions, thereby leading to increased retail sales.

Looking forward, DivideBuy will continue to explore offering new finance products in new markets that will continue the growth momentum.

To find out more, visit: dividebuy.co.uk

Stripe, a global technology company building economic infrastructure for the internet, today announced that Matt Huang has joined its board of directors.

Matt Huang is co-founder and Managing Partner at Paradigm. Matt was previously a partner at Sequoia Capital, where he focused on early-stage venture investments, and was the founder and CEO of Hotspots, a company acquired by Twitter in 2012. As an angel investor, Matt has invested in companies such as ByteDance and Instacart.

As a long-time investor and leading expert in crypto, Matt’s perspective will be especially helpful as Stripe’s recently-formed crypto team explores potential avenues for product development work. Crypto protocols and currencies hold the potential for faster and less expensive payments for businesses and entrepreneurs around the world, particularly in underserved markets.

“Very few people know more about crypto—and, specifically, its potential to help internet businesses around the world—than Matt,” said Patrick Collison, co-founder and CEO of Stripe. “We’re delighted he’s joining our board of directors.”

This appointment comes as Stripe continues to expand beyond core payments acceptance, with recent announcements including the acquisitions of Recko and TaxJar, partnerships with Klarna and UnionPay International, and the launches of Stripe Revenue Recognition, Stripe Identity and Stripe Tax. 

A visitor management solution was developed and put on stream for CBRE in Russia, the global consulting company in commercial real estate services and investments. The system of contactless ID badges without the Security Identification Office participation was implemented by LETA.

A visitor should place a passport on the scanner built into the terminal, and the Smart Engines ID scanning software automatically scans the visitor's name and requests the application for the visitor. After a positive response, the terminal issues a pass card to enter the building. Now visitors can get a pass themselves in less than three minutes.

"For CBRE's clients, the execution speed of any request is important, so we are focused on improving the service quality. Cooperation with LETA allowed us to implement a new convenient service. The speed of obtaining a security pass in the terminal creates comfortable and secure (which is extremely important today) conditions for visitors of business centers, and the front desk staff pays more attention to visitors instead of searching for paper applications and issuing passes," comments Natalia Afanasova, Director of CBRE's Real Estate Management Department.

"We are glad that our solution helped CBRE to implement its intended plans. The passport scanner was upgraded to adapt our hardware and software complex to the task, integration with the visitor application registration system was carried out. It is certainly an interesting and useful experience for us, and it allows us to take a wider view of the implementation of our products in new areas. In the future, we plan to develop and improve self-registration terminal solutions for office centers, residential complexes, public and health-care institutions,” says Alexey Bugrov, CEO of LETA.

Gemini, a cryptocurrency platform, announced today a $400 million growth equity round, its first-ever outside financing, led by Morgan Creek Digital with participation from 10T, ParaFi, Newflow Partners, Marcy Venture Partners, and the Commonwealth Bank of Australia, among others. This round values the company at $7.1 billion. Launched in 2015 by Cameron and Tyler Winklevoss, Gemini has grown to become one of the leading crypto platforms in the world. In addition to buying, selling, and storing crypto, Gemini helps investors earn, spend, and learn about crypto, as well as create and collect non-fungible tokens (or NFTs) on Nifty Gateway, a wholly owned NFT platform.

Gemini's security-first, regulated platform has made it the trusted platform for both individuals and institutions. Investors seeking to diversify their portfolios have turned to Gemini as their preferred platform to navigate the frontier of crypto. With this round of financing, Gemini will continue to bring simple, innovative, and secure products to market, and advance its geographic expansion.

"We are leading the first outside investment in Gemini because of our shared conviction in crypto and belief in the company that Cameron and Tyler are building," said Sachin Jaitly, General Partner of Morgan Creek Digital. "Their vision for the role of crypto in redesigning money, the financial system, art, and the Internet, and their track record of incubating and scaling innovative technologies, gives us confidence in Gemini's ability to continue to be an industry leader."

"Gemini is the portal into crypto for new and seasoned investors alike," said Tyler Winklevoss, Co-Founder and CEO of Gemini. "The investors that we have brought on in this round share our ambitious vision for the future."

This raise follows a year of significant growth and product innovation for Gemini. In 2021 Gemini:

• Acquired Blockrize to help launch the Gemini Credit Card, which offers real-time crypto rewards and has a waitlist of more than 360,000 people
• Acquired ShardX, a developer of secure multi-party computation (MPC) technology, to enhance its crypto listing and custodial services
• Launched Gemini Earn that allows users to lend their crypto and earn up to 8.05% APY. To date, Gemini Earn has originated $4 billion in crypto loans.
• Supports more than 60 cryptos for trading and custody
• Custodies more than $30B in crypto assets
• Launched Gemini Fund Solutions to provide fund managers with custody, clearing, and trading support for crypto ETFs, closed-end funds, and other fund vehicles
• Launched Cryptopedia, an open access educational resource for all things crypto

Additionally, Gemini continues to be a pioneer on the frontier of nifties with its NFT marketplace Nifty Gateway, which also experienced record growth this year. Since launch, Nifty Gateway has achieved more than $420 million in sales through 375 unique artist collaborations, cementing its position as a standout leader in the NFT digital art and collectibles space.

Gemini also increased its geographic footprint in 2021, entering the UK as one of the few registered crypto asset firms as well as obtaining its EMI license from the Financial Conduct Authority. It also filed its license with the Monetary Authority of Singapore to expand further into the Asia Pacific region. Looking ahead, Gemini will continue to expand into new markets around the world.

"In 2021 we diversified our revenue stream, expanded to new territories, acquired pioneering companies, and invested in industry-redefining innovations through the Gemini Frontier Fund. We also supported Bitcoin core development through the Gemini Opportunity Fund," said Cameron Winklevoss, Co-Founder and President of Gemini. "We are incredibly excited to continue to build on the frontier of crypto and give individuals around the world greater choice, independence, and opportunity through crypto."