DUBAI, UAE, July 5, 2020 – (ACN Newswire) – Verofax Limited, a start-up building innovative Traceability services with the application of blockchain, closed its recent pre-seed investment round with participation from Privity FZ LLE, based in the UAE, acquiring an equity stake. Privity is an independent venture-focused advisory firm, founded in Dubai in 2004, that has backed and invested in more than a dozen portfolio companies since its inception. Wassim Merheby, Verofax CEO, commented, “We are truly thrilled to welcome Privity as a shareholder in Verofax. Traceability plays a key role in upgrading brand owners’ business through authenticity validation, advanced product marketing and access to financing and global markets. Traceability is a key enabler of digital transformation to automated and resilient supply chain services. In the markets where Traceability has been deployed such as China, sales increased by over 30% while consumer complaints dropped by 42%. It is just a matter of time for Traceability to become a must for ShopSafe compliance regulations, currently under review in the US.”
Ralph Heimans visits the Ministry of Culture & Knowledge Development and meets H.E. Noura Al Kaabi, Minister of Culture & Knowledge Development UAE.
Today was just magical…it ended with a dinner hosted by Sultan Sooud Al-Qassemi at the Versace Hotel. The afternoon was spent in Al Ain attending Mohammed bin Zayed Al Nahyan’s majlis where we were presented to his Highness and then met His Highness Mohammed bin Rashid Al Maktoum followed by Sheikh Nahyan bin Mubarak Al Nahyan. A rare treat for Ralph Heimans and I. We were humbled and overwhelmed by their combined warmth, kindness and attention.
Dubai, 30th January 2018
Dr Amina Sambo-Magaji, National Coordinator OIIE(Office for ICT Innovation and Entrepreneurship), NITDA attended a 2-day workshop conducted by Sleem Hasan, Founder & CEO Privity FZ LLE, on Jan 28th & 30th.
You can download the Workshop presentation here.
You can download the presentation here (PDF).
Dubai, UAE 15th November 2017
Privity Founder & CEO, Sleem Hasan, presented Session #8 at the MENA-ECA-APAC Network Meetings 2017 of the IFC (International Finance Corporation, World Bank Group) which took place earlier today in Amman, Jordan.
Please click onto the image to view or right-click to download the Presentation (PDF, 3.5 MB).
qbeats’ Dynamic Content Pricing Goes Live with CME Direct
Chicago Merc becomes first global exchange to adopt qbeats QMV(TM) technology
NEW YORK, NY, Jan 12, 2017 – (ACN Newswire) – qbeats announced today that its multi-patented QMV(TM), a dynamic content valuation and pricing system bringing the value of content to life, has gone live with CME Direct, the highly-configurable trading front end for all listed CME Group markets. CME Group (NASDAQ: CME), the world’s leading and most diverse derivatives exchange, will become the first full marketplace to offer premium financial content for purchase powered by qbeats’ QMV, an AI-based machine-learning platform that parses, ranks, and dynamically values digital content based on impact and demand.
Offering a selection from some 50 financial publishers and independent research firms including INTL FCStone, MDA Weather, ICIS, The Hightower Report, Informa Global Markets, PJK International, The Schork Report, Seery Futures, Cotton Row Journal and Pro Farmer, the qbeats PayWindow(TM) provides premium experience to CME users with a combination of value based content, extensive user population insight and matched knowledge to interest in a cost-effective way.
“The Chicago Mercantile Exchange is a consistent innovator in financial engineering, and we will bring that same spirit of quantitative rigor to its information marketplace,” said qbeats Co-Founder and CEO Anna Rodriguez. “qbeats’ QMV has broad applicability across the entire digital media landscape, but is especially relevant in the financial services space, where regulators are pushing for greater price transparency and market participants are looking to more closely track and benchmark their research spend.”
“Dynamic pricing technology is rapidly gaining traction in many markets, from taxi fares, air fares and sports tickets to electricity supply and hotel rooms. qbeats is pioneering its application to digital content,” added Prof. Assaf Zeevi, qbeats’ Chief Scientist. “Demand-based pricing means fair prices for consumers and optimized returns on investment for content providers.”
About Information Commerce:
Content, which is accessed daily by more than 3 billion people, is shifting toward a premium and personalized experience. Just as e-commerce redefined the way consumers shop for durable goods, new technologies are driving a similar transformation in the market for digital information, where content is delivered and purchased in discrete, highly personalized units. With the emergence of the new digital shopper, content providers can be expected to move from volume-based business models to value-based ones.
Backed by 18 patents, New York-based qbeats enables information commerce by applying machine learning and AI to index the world’s content and illuminate its quantitative market value (QMV) based on demand, uniqueness, event and dozens of other attributes. The QMV(TM) dynamic valuation system helps content providers build tools and business models to optimize their digital assets and gives users unique insight on the value of each unit of content, along with different options for consuming it. For more information see: https://www.qbeats.com.
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Privity’s CEO Sleem Hasan spoke at the in5 conference earlier today. Click here to enjoy the video!
Loyyal, a Privity portfolio company, was one of the 30 companies picked by Dubai Future Accelerators out of 2274 applications from 73 countries from across the world. They started their inaugural 90- day programme on 18th September 2016.
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