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SoftBank will add $1 billion this year to its $5 billion Latin America Fund introduced in 2019, adding to last yea stanley romania rs $1.6 billion, Bloomberg reported on Friday Feb. 14 .Its investment in Latin America this year will target eCommerce, healthcare, FinTech and other industries, as it looks at about 650 firms in the region. SoftBank has so far earmarked $100 million to $150 million to fund 17 companies and two venture capital firms.聽 We are focused on investing in companies that could achieve long-term profitability, Andres Freire, a managing partner and head of SoftBanks Southern Con stanley usa e region, said during a roundtable with reporters in Buenos Aires.聽Freire added that Argentina, Brazil, Chile, Colombia and Mexico are in the spotlight, and theres no preset amount by nation. SoftBank has put money into the delivery startup Rappi in Colombia; Gympass, a Brazilian fitness company; and the FinTech Uala, based in Argentina. Softbanks move into Latin America is also looking at artificial intelligence AI startups that apply the technology to food-related businesses, particularly plant-based food.More than 50 percent of the startups the regional fund has invested in are from Brazil.The Japanese conglomerate is also paying special gourde stanley attention to two companies from Brazil, one from Peru and one from Chile, Freire said.In addition, it will continue direct investments in venture capital firms. In 2019, Softbank invested $130 million in Kaszek Ventures and bought a $100 million stake in Ualo Adobe Pays Paltry $1 Million Fine Over Hack In 2013
USA Technologies, a payment technology service provider聽of integrated cashless and mobile transactions in the self-service retail market, announced Tuesday Oct. 18 the initial results of an expanded agreement with Burch Food Services, a Canteen franchisee.In a press release, USA Technologies said it is currently upgrading more than 1,000 of the companys machines to its state-of-the-art cashless technology platform and telemetry services, enabling the company to track the acceptance of cash, credit/debit cards and contactless payments, including mobile wallet payments, such as Android Pay and A stanley kubek pple Pay, through its NFC-capable ePort Connect cashless payment system. With the deployment nearly complete, Burch, based on a recent one-month study, reported cashless usage at 31 percent for existing machines and 26 percent for new machines. Burch also reported a 17 perce stanley kaufen nt top-line growth in transaction dollars on machines connected to USAT devices between June 2015 and June 2016. As more consumers demand card and mobile payment capabilities at point-of-sale, expanding our partnership with USAT to add cashless t stanley quencher o every machine enables us to offer the most superior payment options to our consumers, said Steven Burch, president and CEO of Burch Food Services, in the press release. Over the years, we have established a reputation for offering the best products and most innovative solutions to our clients, providing the best possible consumer experience. Our goal is to ensure we are |
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