Category: jtbaluwu

Bookkeeping startup BukuWarung raises pre-A funding from Quona, East Ventures

first_imgAccounting application for micro, small and medium enterprises (MSMEs) BukuWarung announced Tuesday that it has raised an undisclosed amount from pre-series A funding, bringing its total funding to date to an “eight-digit figure”.The new round of funding was led by fintech-focused venture firm Quona Capital, along with East Ventures, AC Ventures, Golden Gate Ventures, Tanglin Ventures Partners and Michael Sampoerna.“Micro-businesses have always been underserved in Indonesia and have very little access to quality financial services. They have long relied on pen, paper and calculators to track cash and credit transactions,” BukuWarung’s cofounder Abhinay Peddisetty said in a media statement on Wednesday. “Our product is designed for merchants that may not have a lot of space on their devices or weak data connectivity,” said BukuWarung cofounder Chinmay Chauhan, adding that the company served more than 50 different categories of businesses, including mom and pop convenience stores, grocery stores and mobile top-ups, among other businesses.Serving micro-businesses is important to the growth of inclusive emerging economies, especially during the COVID-19 pandemic, Quona Capital cofounder and partner Ganesh Rengaswamy said.“It’s never been more critical for businesses to migrate from manual tools to digital ones during this time, and BukuWarung not only allows underserved micro-businesses to focus on growth, but it also provides a platform to layer in additional services that benefit the businesses,” he said. “MSMEs are the backbone of Indonesia’s hyperlocal economy and we really believe the next wave of innovative startups will come from digitizing this segment,” said East Venture managing partner Willson Cuaca.BukuWarung received seed funding in April led by East Ventures as well as angel investment from Grab, Gojek, Xendit and PayPal, among other investors.Start-ups in Indonesia have still enjoyed ample funding amid the COVID-19 pandemic. BukuWarung competitor BukuKas also received seed-funding in April from Sequoia India’s second accelerator program.Other sectors such as edutech, e-groceries and P2P lending have also received investment despite the economic slowdown.Editor’s note: This article has been revised to correctly state that the pre-series A funding brings BukuWarung’s total funding to date to an “eight-digit figure”. Small businesses, which make up around 60 percent of the country’s economy, are suffering from slumping sales due to the coronavirus outbreak that has pushed customers to stay home and has hurt demand.The government aims to have 10 million micro, small and medium enterprises (MSMEs) go digital by the end of the year to help ease the financial impacts of the pandemic, Cooperatives and Small and Medium Enterprises Minister Teten Masduki said earlier this month.BukuWarung claimed it has more than 600,000 SME clients across more than 750 cities, mostly in tier two and three cities in Indonesia, and aims to build digital infrastructure for 60 million MSMEs in the country.He went on to say that by using BukuWarung, merchants could receive credit repayments three times faster, improve their cash flow through automated payment reminders and be able to save on average Rp 110,000 (US$7.63) in bookkeeping expenses.center_img Topics :last_img read more

CPPIB acquires GE private placement arm in $12bn deal

first_imgThe Canada Pension Plan Investment Board (CPPIB) has agreed to purchase the private lending business of General Electric Capital for $12bn (€10.6bn).Chicago-based Antares Capital, a private placement business, will now be wholly owned by the CAD265bn (€191bn) CPPIB and will continue its focus on lending to US middle-market companies, having provided more than $120bn of finance since 2010.GE has been selling down many of its investment businesses and portfolios to avoid being classed as a financial institution of significance by US authorities, thus being required to hold capital reserves.Under the new ownership, Antares will continue to operate as a standalone business, retaining the brand, leadership and investment team. However, the acquisition by CPPIB will expand and complement its existing private lending portfolios, in addition to giving it access the US middle market.Antares will see inflows into its portfolios from CPPIB, which said it would invest follow-on capital immediately, allowing the firm to “grow and prosper” for decades.President and chief executive at CPPIB, Mark Wiseman, said its strategy to find scale through platforms in asset classes was behind the purchase.“We are advancing the prudent diversification of our investment portfolio, strengthening the fund even further,” he added.Mark Jenkins, global head of private placements at CPPIB, said the fund had been studying the US middle-market lending sector for some time, and that the purchase of Antares now allowed it enter the market.“With this single transaction, we immediately acquire turn-key scale and a long-term partnership with the best, most experienced management team in the market,” he said.“This business is extremely complementary to our existing business.”last_img read more

FIFA backs players over coronavirus

first_imgAs the coronavirus outbreak continues to ravage international sport, FIFA has thrown its weight behind players and ruled that clubs are not compelled to release them to their national teams until the pandemic has been contained. FIFA President Gianni Infantino The world soccer governing body also cancelled international fixtures for the remainder of March and April. FIFA secretary-general Fatma Samoura told member associations in a circular that apart from postponing the games, the federation wanted players protected from any sanctions by their national teams if they stayed holed up at their clubs. The Warriors have players such as skipper Knowledge Musona, Marvelous Nakamba, Tino Kadewere, Tendai Darikwa, Teenage Hadebe and Martin Maphisa, who are dotted around Europe, which has since been declared by the World Health Organisation as the epicentre of Covid-19. “We are writing to you regarding the release of players to association teams in the upcoming international windows in the context of Annexe of the FIFA Regulations on the Status and Transfer of Players (RSTP). “The global outbreak of the Covid-19 virus is fluid and developing matter. Statistics from the World Health Organisation, at the time of writing, indicate that there are approximately 130 000 reported cases affecting 123 countries, cities, or territories,” reads the communication from FIFA. “Many national governments have put in place restricted travel and immigration requirements, introduced quarantine periods and banned public gatherings. “Football (and public) authorities have taken similar precautions in ordering matches to be postponed or played behind closed doors, restricting access to team dressing rooms and stadiums, and suspending or cancelling competitions.” FIFA recently postponed the Asian and South American qualifiers for the FIFA World Cup Qatar 2022 citing the need to protect the well-being and health of “all individuals involved in football matches”. The world football governing body also indicated that “clubs are not obliged to release their registered players to association teams”. However, in the event that the club agrees to release registered players to an association team, the player may decline the call-up. Any such decisions shall not be subject to disciplinary measures, FIFA said. It adds: “If a player is unable to resume duty with their club by the relevant deadline due to Covid-19, the association and/or the player shall not be subject to any future restrictions or disciplinary measures. “The following international windows are subject to this decision: a. 23-31 March 2020 (men’s international match calendar); a. 23-31 March 2020 (men’s international match calendar); b. 6-15 April 2020 (women’s international match calendar); c. 6-15 April 2020 (futsal international match calendar).” FIFA has since recommended that all scheduled matches be postponed. But “the final decision on this matter rests with the relevant competition organisers or with the relevant member associations in case of friendlies”. Matches affected by this decision, the circular adds, should be rescheduled following appropriate consultation between FIFA and the confederation(s) concerned. Despite FIFA and CAF moving to suspend matches, new Warriors coach Zdravko Logarusic completed an eye-opening first week in charge of the senior side. Logarusic presided over the training camp of the local ensemble of the Warriors, which began on Monday, in preparation for the African Nations Championship (CHAN) finals in Cameroon. Loading… CAF has not yet ruled out staging the CHAN tournament in Cameroon next month, although the continental body indicated that they would send their medical team to Yaoundé to assess the situation in that country. However, Logarusic remained undistracted from his job even as the possibility of the CHAN finals being postponed loomed large. He looked bright and was full of humour as he prepared to take his charges for the Friday afternoon session at Hellenics Sports Club. “I am a very nice coach, very free. We can joke a lot but when it comes to work, we have to work. You can ask coach Lodza (Lloyd Chitembwe) or any of the players how I operate,” quipped Logarusic. “But, on a serious note, I can tell you Zimbabwe has got talent. The only major problem we have is that we have players who are not in the right frame and shape because of the off-season. “These boys have not played serious football in the last three months. None of them will be in the right shape next week, or the week after, but we do not have to make excuses. “Zimbabwe’s nickname is the Warriors so I am sure the players will prove they are real warriors when we get to the CHAN finals,” he said. The former Sudan national team coach has settled well in the country. He has spoken to every player in the CHAN squad and is slowly developing a bond with the local ensemble of the Warriors. “It is my pleasure working with these boys, let us see how it goes. It has been a very short time so far but we are gelling. The quality is there and we are trying our best.” Logarusic is working with 28 local players, who include Ian Nekati, King Nadolo and Wellington Taderera. Devon Chafa (Ngezi Platinum Stars), Phineas Bamusi (CAPS United), Qadr Amini (Ngezi Platinum Stars), Kelvin Madzongwe (FC Platinum) and Triangle’s new goalkeeper Talbert Shumba are also part of the CHAN squad. “I had no chance to observe the players, we are depending on what they did last year. I spoke to them (players) and some are saying they are at 70 percent, that means we are missing the other 30 from most of these players,” Logarusic said. It is believed that the CHAN finals will likely be postponed as coronavirus continues to spread. Rwanda and Morocco have already pulled out of the tourney, while hosts Cameroon — who by Friday had recorded at least two cases of the virus — have introduced strict screening rules for people entering the Central African nation. The Sunday Mail Both tournaments would be played to a finish over four days in successive weeks, with two one-off semi-finals played back to back and the final between the winners. Uefa feels that such a concept, while far from ideal, would provide a winner and be acceptable to broadcasters while also freeing dates for the remaining domestic league games to be played out. Issues such as whether fans will be allowed into the venues will be determined in the coming weeks if the proposed play-off scheme is agreed after Tuesday’s discussions. Read Also:FIFA give clubs permission to decline international call-ups, recommend fixture postponement But with nobody able to provide any certainty on when the sport will be able to resume, Uefa recognises all these ideas could be rendered redundant by events outside football’s control. FacebookTwitterWhatsAppEmail分享 center_img Promoted Content8 Superfoods For Growing Hair Back And Stimulating Its Growth7 Truly Incredible Facts About Black Holes8 Ways Drones Will Automate Our FutureWho Earns More Than Ronaldo?Birds Enjoy Living In A Gallery Space Created For ThemWho Is The Most Powerful Woman On Earth?2020 Tattoo Trends: Here’s What You’ll See This YearWhat Is A Black Hole In Simple Terms?Best & Worst Celebrity Endorsed Games Ever Made8 Things That Will Happen If An Asteroid Hits EarthInsane 3D Spraying Skills Turn In Incredible Street ArtWho Earns More Than Ronaldo?last_img read more

COVID-19: Messi look-alike replaces Barca star on French news bulletin

first_imgA famous Lionel Messi look-alike got a ringing endorsement for his similarity to the Barcelona superstar on Saturday when a French TV station mistakenly used his image. In a segment during a Saturday lunchtime news bulletin on how sports stars are making large donations to causes dealing with the coronavirus pandemic, French broadcaster M6 paired Messi with Swiss tennis legend Roger Federer — or so they thought. They actually used a picture of Messi’s Iranian doppelganger, Reza Parastesh, who came to global attention three years ago and has been bamboozling the public in his homeland — and beyond — ever since. Evidently, M6 are the latest to mistake Parastesh for the Argentina captain and six-time winner of the Ballon d’Or. Read Also: Atletico Madrid announces death of player “Now people really see me as the Iranian Messi and want me to mimic everything he does,” Parastesh told AFP at the time. “When I show up somewhere, people are really shocked.” Years later, those shock waves are still being felt, as M6’s faux pas proves. This week, Federer donated $1.02 million to the most vulnerable families in his home country, while Messi — as well as Pep Guardiola — utilised $1.08m to help a hospital in Catalonia and a medical centre in his native Argentina. FacebookTwitterWhatsAppEmail分享 Promoted ContentEver Thought Of Sleeping Next To Celebs? This Guy Will Show YouBirds Enjoy Living In A Gallery Space Created For ThemThe 90s Was A Fantastic Decade For Fans Of Action MoviesCouples Who Celebrated Their Union In A Unique, Unforgettable Way10 Places On Our Planet Where The Most People Live2020 Tattoo Trends: Here’s What You’ll See This YearThe Funniest Prankster Grandma And Her GrandsonWhich Country Is The Most Romantic In The World?9 Facts You Should Know Before Getting A Tattoo7 Universities In The World Where Education Costs Too Much8 Things To Expect If An Asteroid Hits Our Planet12 Actors Who Always Play Bad Characterscenter_img Back in 2017 Parastesh, then a student, had to be brought to a police station and had his car impounded because of the commotion he was causing on the streets in the city of Hamadan. Loading… last_img read more

De Silva century puts Sri Lanka on top in Zimbabwe

first_img(REUTERS)-Dhananjaya de Silva scored his second Test century to lift Sri Lanka to 290 for five at the close of play on the opening day of the second test against Zimbabwe at the Harare Sports Club yesterday.De Silva (100 not out) will resume on the second morning with Asela Gunaratne (13 not out) as Sri Lanka seek to build a big first innings total and claim the series having won the first test by 225 runs.Zimbabwe won the toss and asked the tourists to bat on a pitch that had a noticeable covering of grass.They reduced Sri Lanka to 112 for four shortly after lunch, but could not build on that good start.A 143-run fifth wicket stand between De Silva and Upul Tharanga (79) steadied the innings, before the latter was caught at slip by Hamilton Masakadza off the bowling of home captain Graeme Cremer.The wicket came via a deflection off the gloves of wicketkeeper Peter Moor and was notable for the first ever use of the Decision Review System (DRS) in Zimbabwe after Australian umpire Simon Fry had originally turned down the home side’s appeals.Masakadza had earlier claimed the first two wickets as Dimuth Karunaratne (26) and Kusal Perera (four) were both caught, before Kaushal Silva (37) was trapped leg before wicket by Chris Mpofu.Kusal Mendis (26) was the other wicket to fall as he was caught by Moor off Donald Tiripano.SRI LANKA 1st inningsD. Karunaratne c Williams b H. Masakadza 26K. Silva lbw b Mpofu 37K. Perera c Mumba b H. Masakadza 4K. Mendis c Moor b Tiripano 26U. Tharanga c H. Masakadza b Cremer 79D. de Silva not out 100A. Gunaratne not out 13Extras (lb-2 nb-1 w-2) 5Total (for 5 wickets, 90 overs) 290Fall of wickets: 1-62 D. Karunaratne,2-66 K. Perera,3-84 K. Silva,4-112 K. Mendis,5-255 U. TharangaSri Lanka: D. Perera, R. Herath, S. Lakmal, L. GamageBowling: C. Mumba 14 – 2 – 54 – 0,D. Tiripano 22 – 4 – 63 – 1(nb-1 w-2),C. Mpofu 18 – 4 – 65 – 1, H. Masakadza 8 – 2 – 18 – 2,G. Cremer 18 – 0 – 57 – 1, S. Williams 5 – 1 – 8 – 0,M. Waller 5 – 0 – 23 – 0.last_img read more

Statement game for freshmen

first_imgJEFF SCHORFHEIDE/Herald file photoAs the leaves begin to fall outside, so will the jump shots in the Kohl Center as the No. 21 men’s basketball team begins its non-conference schedule Saturday night in an exhibition game against Augustana.Although their regular season does not begin for another few weeks, the Badgers use their preseason games to adjust to playing opponents other than themselves and, more importantly, getting the freshmen used to playing Division I basketball.“I think we need to make a statement,” senior forward Marcus Landry said. “We have a lot of freshmen who are capable of playing right away, and [this game is] for them to make a statement.”This game will be the first full-length game the Badgers have played this season, other than their annual Red/White scrimmage at the Kohl Center Wednesday. But the team was still able to make some judgments about their team before playing against another opponent.“It’s hard to gauge [where we’re at] from one [scrimmage],” senior forward Joe Krabbenhoft said. “You don’t want to overlook something or look past something in a red and white scrimmage. It was the first opportunity for guys to make an impression, and guys did that. It was all positives out there, and even the negatives were turned into positives.”Even though their game against the Vikings does not count against their standings in the conference, it still means a lot to the players and coaches in terms of determining who will start the season and who is going to get a majority of the playing time.“There have been some great battles in terms of who is going to get minutes, and that’s all going to be determined over the next two weeks when we hit the regular season,” assistant coach Greg Gard said. “We use the exhibition games to try to decide who is ready for the amount of minutes they are going to get.”The exhibition game also gives the coaches a chance to see how the freshmen have developed in the few weeks of practice leading up to their first game. So far, both coaches and players agree they are becoming acclimated to the college game and have begun to gel with the team.“Everyone is going to get the opportunity to get in there and play against someone else in a different situation than we are used to in practice,” Krabbenhoft said. “It’s an opportunity to show what [the freshmen] can do and show the fans why they got recruited here.”According to Gard and the players, they do not have a starting lineup ready for Saturday’s game. But there is sure to be a solid rotation of players coming off the bench, particularly freshmen who are trying to get used to playing in front of a crowd on game nights.“The first thing is just trying to get everyone adjusted, especially with 11 of the 17 being freshmen or sophomores, just getting adjusted to playing in a game where the lights are on and people are in the stands,” Gard said.The exhibition season also gives players an opportunity to play against an opponent and get ready for the long season ahead of them.“It’s been a couple weeks now banging against each other, and we are looking forward to putting the hurt on someone else instead of each other,” Krabbenhoft said.Although it is an exhibition game, the team still prepares like they do for any other opponent. Augustana, a member of the Northern Sun Intercollegiate Conference, is returning three starters from last year. They are picked to finish fourth in the NSIC coaches’ poll.The Vikings may not be the most formidable opponent on the Badgers’ schedule this year, but they will provide fans and coaches an opportunity to see the new UW squad get into action on its way to defending the Big Ten crown.“Once we all put on the same color jersey for game nights, it’s going to be 17 guys all rooting for each other,” Gard said. “At that point, you draw the line in competition. It’s not going against yourselves anymore; it’s about putting the best group out on the floor who can give us the best chance to be successful.”last_img read more

Freshman Auerbacher brings experience, scoring prowess to Orange

first_imgIt’s tough to get noticed when two of the team’s best skaters are ahead of her on the depth chart. But Emily Auerbacher isn’t letting that stop her from trying.When Auerbacher came to Syracuse, she brought with her an already impressive resume. She was a starter for the Boston Shamrocks of the Junior Women’s Hockey League in high school and helped lead Boston to the playoffs.“As a member of the Shamrocks, Emily was really an excellent player,” Boston head coach John Hechter said. “It was really due to her hard work that she earned everything that’s accomplished.”During her final season with the Shamrocks, Auerbacher scored 22 goals and had 10 assists in 28 games.Auerbacher was both a leader and a comedian in the clubhouse, Hechter said. This translated to her time on the ice and eventually landed her a spot on the Junior Women’s Hockey League East All-Star team.AdvertisementThis is placeholder textThat positive energy has also been present at Syracuse.“Emily brings a lot of character to this team,” SU assistant coach Alison Domenico said. “She’s one of those players that all of her teammates love to be around, and that translates to lots of energy on the ice.”While Syracuse is glad to have her, it wasn’t the only school to offer Auerbacher a spot on its women’s ice hockey team.Hechter said that Auerbacher received offers from Division-III schools, but she knew she deserved to play at the Division-I level.“I just loved everything about Syracuse,” Auerbacher said. “It’s great.”So far this season, Auerbacher hasn’t seen too much time on the ice. Despite her lack of minutes, she has managed to take five shots in the 14 games she’s appeared in.During her limited time on the ice, Domenico said Auerbacher’s teammates love to cheer her on.“She’s a great teammate and you can feel the excitement from the team on the bench when she gets out there,” Domenico said.This past weekend against defending College Hockey America-champion Robert Morris, Auerbacher got some ice time, but didn’t manage to take a shot. But when she does, she is able to score often.She hasn’t yet logged a goal for Syracuse, but with the Shamrocks that was her strength.“She has a knack for scoring goals,” Hechter said. “She has a great shot.”SU is averaging just more than two goals per game and could use Emily’s skills to increase its goal count.Against RMU this past weekend, Syracuse scored one goal on Friday and four on Saturday. Flanagan said that he wants more consistency on offense and he thinks it could come from anybody, including Auerbacher.“I like the way she plays,” Flanagan said. “She’s the kind of player that can get those ugly goals for you, but she’s very capable of coming down the wing and teaming it up and getting the beautiful goal for you too.”If Auerbacher can get going, it might increase her time on the ice during the team’s upcoming conference games.Ultimately, it’ll take time for Auerbacher to gain the confidence and skill needed to start at the college level. But her Shamrocks coach has no doubt that she will end up succeeding during her time at SU.“She is one of a kind,” Hechter said. “She is an awesome hockey player, and a better kid.” Comments Facebook Twitter Google+ Published on December 4, 2012 at 12:04 am Contact David: dlauterb@syr.edulast_img read more

Syracuse football opponent preview: What to know about Connecticut

first_imgAll-time series: UConn leads, 6-2Last time they played: Syracuse toppled the Huskies in East Hartford, 31-24, in SU head coach Dino Babers’ first year at the helm. Amba Etta-Tawo broke the Syracuse single-game record for receiving yards, netting 270 on 12 catches. Eric Dungey posted a career day as well with 407 passing yards, three total touchdowns and no turnovers. The Orange never trailed and pulled away for good in the third quarter.The UConn report: The Huskies are an extremely young and inexperienced team on both sides of the ball. When UConn played Boise State on Sept. 8, five true freshmen started on defense and not a single upperclassman.AdvertisementThis is placeholder textThat has been the narrative of the season thus far for the UConn defense. The Huskies are the only team in the country to have given up more than 2,000 yards in their first three games. Several teams have played four games without giving up that number. UConn is the only team in the country to give up a little over 600 yards (673) in a game and the only team to give up more than 50 points per game (55.7). The next closest is Oregon State at 46.3.That’s understandable, to an extent, considering UConn’s first two opponents, No. 21 Central Florida and No. 20 Boise State. But Rhode Island is an FCS opponent that scored 49 points on 550 yards of offense against the Huskies. This defense is bad.How Syracuse beats UConn: SU wins by playing the way it has all season long: fast. A defense without a single upperclassman will struggle against Babers’ up-tempo style of play, especially with Eric Dungey’s capabilities in the air and on the ground. If the SU defense plays like it did against Florida State, constantly giving the ball back to Dungey to run the offense all over the place, UConn will have absolutely no chance against the Orange.Player to watch: David Pindell, quarterback, No. 5If there’s anyone that has a chance of surprising Orange fans, it’s senior quarterback David Pindell. He is someone that certainly has big play potential. In two of his three games this season, Pindell has generated more than 400 yards of offense. Against UCF he threw for 266 and ran for 157, and those numbers were 319 and 137, respectively, against Rhode Island. He’s fast, he’s experienced and he has the capabilities to light up the scoreboard. Comments Facebook Twitter Google+ Published on September 19, 2018 at 10:50 pm Contact Matt: mdliberm@syr.edu Syracuse (3-0, 1-0 Atlantic Coast) welcomes Connecticut (1-2, 0-1 American Athletic) to the Carrier Dome on Saturday at 4 p.m. In Week 3, Syracuse took down Florida State, 30-7, defeating the Seminoles for the first time in 52 years. Meanwhile, the Huskies struggled to finish off Rhode Island, edging out the Rams 56-49.Here’s what to know about UConn heading into this week’s matchup:last_img read more

Stenson wins the Race to Dubai

first_imgShane Lowry finished 9 under par after a 69 while Padraig Harraington finished the weekend 3 under par after a 71. His 12-under-par finish at the World Tour Championship in Dubai was enough for him to end the season as the European Tour’s top money winning golfer.Rival and defending champion Rory McIlroy also finished 12 under par after a 65.Tyrell Hatton leads the way on 17 under par.last_img

Former Arsenal Player To Return In ‘Director Of Football’ Role – Reports

first_imgWidespread reports have revealed that North London side Arsenal have agreed a deal with former player Marc Overmars to become the club’s director of football as from next season.Arsenal have reportedly been keen to appoint a director of football for several years but have met with a resistance in the form of manager Arsene Wenger.However, that is set to change with Wenger getting ever closer to the end of his long reign at the club.According to popular Italian outlet TuttoMercatoWeb, Arsenal have already reached an agreement with Dutchman Overmars about assuming the role as from next season.Marc Overmars is not new to the role having been the director of football at Dutch club Ajar Amsterdam since 2012.RelatedArsenal Legend Fired From Assistant Coach Job At AjaxDecember 22, 2017In “Europe”Kanu Tips Emery To Succeed As Arsenal Manager (AUDIO)July 16, 2018In “England”I’ll Return to Football, Maybe Not Management – WengerMay 24, 2019In “England”last_img read more