Banca Transilvania launches Romania's first neobank
11 days ago
Croatian software company Photomath, which is the creator of a math learning app of the same name, said on February 18 it has secured $23mn in a Series B funding round.
The Photomath app has more than 220mn downloads globally, helping students and parents solve maths problems using a smartphone.
US venture capital firm Menlo Ventures led the fundraising round, which also included GSV Ventures, Learn Capital, Cherubic Ventures and Goodwater Capital.
Photomath will use the funds to expand its team, invest in artificial intelligence and machine learning capabilities, as well as to boost product and marketing development.
"With Photomath's mobile-first approach the company is well-positioned to supplant the massive online tutoring market and put high-quality learning support in the hands of students everywhere,” JP Sanday, partner at Menlo Ventures, said in the press release.
Related Content
Tech
Banca Transilvania launches Romania's first neobank
Salt Bank was created on the foundations of Idea Bank, which was taken over by Banca Transilvania.
_1711970902.jpg)
Russia's data management segment boosted by foreign vendors' exit
While the exit of foreign vendors following Russia's invasion of Ukraine two years ago dealt a hard blow to some industries, other sectors have benefited, such as Russia's data management and storage industry, which is projected to triple by 2027.
Unicorn start-up Uzum is digitising Uzbekistan
In Uzbekistan a bold digital revolution is transforming society. Spearheading this transformation is Uzum, an e-commerce start-up which recently raised $52mn in funding, making it Uzbekistan’s first tech unicorn.
Bulgaria’s Paynetics acquires Bulgarian-UK neobank Novus
Novus users can monitor their carbon footprint and earn cashback for sustainable purchasing choices through its app.
BRICS announce a blockchain-based payment system to create a common currency
For a long time the BRICS countries have been trying to move away from the dollar, but creating a common currency has not been possible, due to the dominance of China's economy within the group.
Most Read
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
Iran vs Israel: Who is better equipped for war?
2 days ago
-
Central Asian states have a coal dependency problem – report
1 day ago
-
China expanding security footprint in Central Asia
5 days ago
-
Unexplained spill fuels concern about Afghan canal project
13 days ago
-
Saudi Arabia to scale back plans for Neom city
6 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
The ruble overtakes the yuan as Russia's main currency for settling international trade deals
7 days ago
-
Iran vs Israel: Who is better equipped for war?
2 days ago
-
Leading emerging markets move rapidly up World Bank’s PPP GDP and FDI confidence rankings
7 days ago
-
Russia could pay off its entire external debt tomorrow, in cash
16 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
21 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
UBN: Russia could take the Baltic states in 48 hours
26 days ago
-
BRICS announce a blockchain-based payment system to create a common currency
19 days ago