California-based financial technology solution provider Car IQ are to deliver highly-secure vehicle-based payment capabilities to unlock a connected car payments market that is projected to reach over €530 billion by 2030.
Finance
Finance
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Car IQ, the first payment solution developed specifically for fleet vehicles, has raised $15 million in Series B funding. The round was led by Forté Ventures.
BlackBerry trimmed its net loss to US$62 million in the first quarter of its fiscal year despite lower revenues. The company, which reports in U.S. dollars, says it lost 11 cents per share in the three months ended May 31, compared with a loss of $1.14 per share or US$636 million a year earlier.
Dorsey Gardner, a veteran analyst and fund manager with about 5 million shares of BlackBerry, said investors should follow the advice of Glass Lewis & Co. and withhold their votes for Prem Watsa as lead director.
Shareholder advisory company Glass Lewis has urged BlackBerry investors to vote against Prem Watsa as lead director, arguing that he should be held accountable for an executive compensation plan that isn’t in shareholders’ interests. Glass Lewis recommended investors withhold support for Prem Watsa who chairs BlackBerry’s compensation committee.
Net Purpose is partnering with tickr to provide data to measure the social and environmental outcomes of its funds. Founded in 2019 with the goal of reaching one million investment professionals by 2025, Net Purpose is the world’s first dedicated data provider for a new generation of investors who invest for profit and purpose. By quantifying the social and environmental outcomes of companies and investment portfolios, Net Purpose enables investors to effortlessly report on their impact and their contribution to the UN Sustainable Development Goals.
SAM Seamless Network, a network security company for consumers and SMBs, has raised $20 million in series B funding led by BlackBerry and Verizon Ventures. Additional Investors include Blumberg Capital, Intel Capital, ADT, and NightDragon.
Sage has launched Sage Intacct in AWS Marketplace, providing an optimized and streamlined approach for early-stage SaaS businesses to use a subscription and financial management solution in an easy-to-consume platform, capable of starting small and scaling big to support business growth.
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BlackBerry has agreed to stop adjusting its revenue after receiving a comment letter from the Securities and Exchange Commission (SEC) questioning the practice.
TiiCKER, the intelligent software platform that engages, verifies and rewards individual investors, has launched a free iOS mobile app.
BT has launched a new bursary scheme where UK start-ups and entrepreneurs can apply for one of 1,000 bursaries being offered by BT as part of its Small Business Support Scheme.
BlackBerry has completed the redemption of all of its 3.75% unsecured convertible debentures (TSX: BB.DB.V) (the "3.75% Debentures") on September 1, 2020. None of the 3.75% Debentures were converted into common shares of BlackBerry prior to redemption.
