Category: Press Releases

As market valuations rise and capital flows increase globally, these enhancements position investors to capitalise on key opportunities emerging in this pivotal moment for financial markets. EBC, a global financial broker, is here to help investors make the most of these opportunities. They do this by using advanced technology to offer low-cost, high-quality access to markets where big financial players (banks, institutions) operate. In short, EBC helps investors get better deals and access to big markets at low costs.

EBC Financial Group’s Global Leadership in Liquidity and Market Access

Liquidity Strengthens Major Indices Amid Global Recovery
The ongoing recalibration of global stock markets is driven by several interconnected factors: fresh capital entering the system, a resurgence in IPO activity, and a series of market corrections that are realigning valuations. Emerging markets, once considered high-risk due to volatility, are now benefiting from new regulatory changes that boost investor returns, particularly in dividend payouts.

David Barrett, CEO of EBC Financial Group (UK) Ltd, offered an early prediction in June that undervalued markets were set to rebound. “Value reversion is a powerful force,” Barrett said at the time, emphasising that markets under pressure were now ripe for capital returns. He also noted that emerging markets, bolstered by new dividend regulations, are enhancing their attractiveness to global investors.

The past months have borne out these predictions. Since the start of 2024:

• All three major U.S. stock indices (Dow Jones, Nasdaq, and S&P 500) have hit new all-time highs since the start of 2024, driven by fresh investment and increased investor confidence.
• Asian markets, particularly in China and Hong Kong, are experiencing their most significant gains in a decade, marking them as central to global growth.

Why EBC’s Liquidity Enhancement Matters
EBC’s liquidity enhancement couldn’t have come at a better time. As the world’s investors hunt for undervalued assets, EBC has strengthened its ability to offer the lowest trading costs for five major stock indices, giving traders a unique edge in the market.

• Tighter spreads:
  1. Dow Jones Index (U30USD): Spread reduced to 1.00, reflecting a reduction of up to 70%.
  2. S&P 500 Index (SPXUSD): Spread reduced to 0.31, with reductions reaching 64%.
  3. Nasdaq Index (NASUSD): Spread reduced to 0.70, with reductions as high as 85%, the most significant improvement.
  4. Hang Seng Index (HSIHKD): Spread reduced to 6.50, achieving a reduction of up to 55%.
  5. China A50 Index (CNIUSD): Spread reduced to 6.00, marking a reduction of 14%.
• Wider access: Whether you’re trading in the Asian, European, or U.S. markets, EBC ensures that you’ll benefit from these cost-saving improvements, no matter the time zone.

EBC’s role in implementing these reductions positions them among institutions actively working to streamline market access for a diverse range of investors.

The Role of IPOs and Global Capital Flows
Global capital is not simply flowing into traditional assets. A fresh wave of initial public offerings (IPOs) is reshaping the investment landscape, offering new opportunities for growth in sectors ranging from fintech to renewable energy. These IPOs, while centred in key regions, are attracting worldwide attention, pulling in capital from investors eager to capitalise on new and emerging trends.

“The market’s expectation for interest rate cuts has shifted the landscape,” Barrett said, adding that the rise of fintech IPOs, in particular, shows no signs of slowing down. As the global economy shifts into a new phase of monetary policy—with central banks signaling lower interest rates—investors are now betting on sustained growth in these innovative sectors.

With this, liquidity enhancements in major indices such as the Nasdaq and the Hang Seng are not simply reactive measures—they are strategic moves by institutions like EBC to prepare for the next wave of market activity. As more capital moves across borders, liquidity becomes essential for efficient, low-cost trading. The reduced spreads and enhanced market access make these indices more attractive to institutional and individual investors alike.

These developments come at a time when emerging markets are increasingly seen as key pillars of global growth, particularly as advanced economies grapple with inflationary pressures and slow economic recovery. The influx of liquidity into major indices reflects a broader confidence in global market resilience and the promise of continued returns in the months ahead.

Investors’ Next Steps: Navigating the Shift
As global capital searches for growth, liquidity becomes more than a technical feature—it’s a vital asset in a world where time and access to markets matter. This period of heightened activity may well define the next phase of global finance, one in which agility, market awareness, and access to liquidity will determine winners and losers.

EBC Financial Group’s liquidity enhancements across major indices align with broader market trends and provide investors with the tools they need to navigate these changes efficiently. By lowering costs and ensuring stability in key markets, EBC is laying the groundwork for investors to capture opportunities in the global markets of tomorrow.

Investors, particularly those focused on long-term wealth appreciation, would do well to remain vigilant. The liquidity enhancements we are seeing today are laying the foundation for future market opportunities. Those who understand these shifts and act accordingly will find themselves well-positioned in a rapidly evolving global financial landscape.

About EBC Financial Group
Founded in the esteemed financial district of London, EBC Financial Group (EBC) is renowned for its comprehensive suite of services that includes financial brokerage, asset management, and comprehensive investment solutions. EBC has quickly established its position as a global brokerage firm, with an extensive presence in key financial hubs such as London, Hong Kong, Tokyo, Singapore, Sydney, the Cayman Islands, and across emerging markets in Latin America, Southeast Asia, Africa, and India. EBC caters to a diverse clientele of retail, professional, and institutional investors worldwide.

Recognised by multiple awards, EBC prides itself on adhering to the leading levels of ethical standards and international regulation. EBC Financial Group’s subsidiaries are regulated and licensed in their local jurisdictions. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA), EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA), EBC Financial Group (Australia) Pty Ltd, and EBC Asset Management Pty Ltd are regulated by Australia’s Securities and Investments Commission (ASIC).

At the core of EBC Group are seasoned professionals with over 30 years of profound experience in major financial institutions, having adeptly navigated through significant economic cycles from the Plaza Accord to the 2015 Swiss franc crisis. EBC champions a culture where integrity, respect, and client asset security are paramount, ensuring that every investor engagement is treated with the utmost seriousness it deserves.

EBC is the Official Foreign Exchange Partner of FC Barcelona, offering specialised services in regions such as Asia, LATAM, the Middle East, Africa, and Oceania. EBC is also a partner of United to Beat Malaria, a campaign of the United Nations Foundation, aiming to improve global health outcomes. Starting February 2024, EBC supports the ‘What Economists Really Do’ public engagement series by Oxford University’s Department of Economics, demystifying economics, and its application to major societal challenges to enhance public understanding and dialogue.

https://www.ebc.com/

Media Contact:
Chyna Elvina
Global Public Relations Manager (APAC, LATAM)
chyna.elvina@ebc.com

Savitha Ravindran
Global Public Relations Manager (APAC, LATAM)
savitha.ravindran@ebc.com

Douglas Chew
Global Public Relations Lead
douglas.chew@ebc.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/54d1f25c-3548-44f0-8ca1-9e4efa4190f3

GlobeNewswire Distribution ID 9254951

Risk Control’s Platform Will be Fully Integrated into Duck Creek’s Comprehensive Suite of SaaS Solutions for P&C and General Insurers

BOSTON, Oct. 10, 2024 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) insurance, today announced it has acquired Risk Control Technologies, Inc. (“RCT”), a Toronto-based provider of risk management and loss control solutions. This strategic investment is set to transform how insurance carriers prevent loss and manage risk, enabling deployment of advanced AI and machine learning capabilities at the forefront.

“As the world faces increasing risks—whether from climate change, cyber threats, or other emerging challenges—having advanced tools to manage these exposures is crucial. Risk Control is a leader in not only identifying potential loss, but preventing it through preemptive risk mitigation,” said Mike Jackowski, Chief Executive Officer of Duck Creek Technologies. “In addition to sharing Duck Creek’s core values, Risk Control’s leadership and team members bring a wealth of insurance knowledge and experience. Together, we will help insurers work closely with their policy holders to prevent losses, improve safety and better prepare for the future.”

The RCT RiskHub platform will enhance the Duck Creek SaaS suite of insurance technology products, further increasing Duck Creek’s ability to improve underwriting accuracy, optimize claims processes, and reduce overall risk exposure. By integrating RCT’s solution into Duck Creek Technologies platform, insurance carriers will have rich predictive capabilities, enabling them to better manage underwriting risks and maximize an efficient, integrated policy and claims management experience.

“Being part of Duck Creek Technologies will strengthen our goal to help carriers optimize and increase risk-data coverage across their entire business,” said David Da Costa, Chief Executive Officer of Risk Control Technologies. “We are excited to be part of Duck Creek and to work jointly to deliver modern technology innovations that transform the insurance industry and help insurers strengthen their customer engagements and drive impactful operational efficiencies. We look forward to this new chapter and the enhanced capabilities we can now offer to the market as part of the Duck Creek family.”

RCT’s industry-leading loss control and risk assessment platform will be seamlessly integrated with Duck Creek’s comprehensive suite of products to enable data-driven decisions for all stakeholders to improve proactive risk mitigation.

“I’m confident that the combined strengths of Duck Creek and Risk Control, two of our most trusted partners, will bring enhanced capabilities and innovative solutions to the market to bolster risk management and loss control,” said Murali Natarajan, Senior Vice President and Chief Information Officer of West Bend Mutual Insurance. “We look forward to the positive impact this integration will have on our underwriting process, ultimately benefiting our business and customers.”

Raymond James & Associates served as financial advisor to Risk Control Technologies on the transaction.

About Risk Control Technologies

Risk Control Technologies Inc. (RCT) is the leading provider of Risk Management and Loss Control software to the insurance industry. RCT’s RiskHub platform helps underwriting assess risk, and leverage the appropriate risk assessment tool based on the risk’s complexity. RCT helps over 150 insurance organizations improve their loss ratios, increase customer retention, implement operational efficiencies, and harness powerful data insights to enable better business decisions. RCT’s customers include a wide range of insurance organization types, operating across a broad variety of lines of business. For more information, visit www.riskcontroltech.com.

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X.

Media Contacts:

Marianne Dempsey/Tara Stred
duckcreek@threeringsinc.com

GlobeNewswire Distribution ID 9254519

Zoom Celebrates its Fifth Consecutive Time Being Placed in the Leaders Quadrant

SAN JOSE, Calif., Oct. 10, 2024 (GLOBE NEWSWIRE) — Zoom Video Communications, Inc. (NASDAQ: ZM), today announced that Gartner has named Zoom a Leader in the 2024 Gartner® Magic Quadrant for Unified Communications as a Service (UCaaS), Worldwide for the fifth time in a row. The UCaaS report evaluated 11 companies in the unified communications space, and Zoom has been recognized as a Leader in this. Zoom includes enterprise-grade solutions like Zoom AI Companion, Zoom Contact Center, Zoom Team Chat, Zoom Phone, Zoom Meetings, and Workvivo.

“We believe being named a Leader in the Gartner Magic Quadrant for UCaaS for the fifth year in a row is a true testament to our dedication and commitment to providing the best in class UCaaS solutions,” said Graeme Geddes, chief growth and sales officer at Zoom. “Although a lot has changed these past five years, Zoom has remained steadfast in delivering collaboration and communication tools that help empower users and improve productivity.”

To read a complimentary copy of the 2024 Gartner Magic Quadrant for UCaaS report, please click here.

Gartner, Magic Quadrant for Unified Communications as a Service, Pankil Sheth, Megan Fernandez, Christopher Trueman, Rafael Benitez, 7 October 2024

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved

About Zoom
Zoom’s mission is to provide an AI-first work platform for human connection. Reimagine teamwork with Zoom Workplace — Zoom’s open collaboration platform with AI Companion empowers teams to be more productive. Together with Zoom Workplace, Zoom’s Business Services for sales, marketing, and customer experience teams, including Zoom Contact Center, strengthen customer relationships throughout the customer lifecycle. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Get more information at zoom.com.

Public Relations
Bridget Moriarty
Corporate PR Manager
press@zoom.us

GlobeNewswire Distribution ID 9254498

Company joins over 135 members that have pledged to foster and integrate sustainable, green investments throughout the United Arab Emirates

RONAN, Mont., Oct. 10, 2024 (GLOBE NEWSWIRE) — Montana Technologies Corporation (NASDAQ: AIRJ) (“Montana Technologies” or the “Company”), the developer of the transformational AirJoule^® technology for atmospheric water generation, today announced that it has signed the Abu Dhabi Sustainable Finance Declaration, further establishing the Company’s commitment to sustainable development in line with the United Arab Emirates’ (“UAE”) Green Economy for Sustainable Development Initiative.

The Abu Dhabi Sustainable Finance Declaration is a membership-based initiative that was established by Abu Dhabi Global Market (“ADGM”) in 2019 under the sponsorship of the UAE Ministry of Climate Change and Environment, the Central Bank of the UAE, and the Securities and Commodities Authority, with more than 135 members collaborating to foster and integrate sustainable investments within the UAE and the wider region.

“Montana Technologies is proud to sign the Abu Dhabi Sustainable Finance Declaration, furthering our commitment to working with our partners in the UAE to address regional water security needs and strengthen energy efficiency through our cutting-edge technology. In this context, we look forward to deploying our AirJoule^® technology with its best-in-class energetics in the UAE and around the world by leveraging ADGM’s sustainable finance resources as needed,” said Ramdas Rao, President, International of Montana Technologies and head of the company’s international office in the UAE.

Additionally, Montana Technologies attended the Water, Energy, Technology, and Environment Exhibition (“WETEX”) on October 1 – 3, 2024 in Dubai. The Company’s exhibition booth featured a prototype AirJoule^® unit that demonstrated its capability of producing pure distilled water from air during the conference.

The exhibition enabled the Company to fast-track its engagement with several key players in the Gulf Cooperation Council and neighboring countries, including local regulators, government entities and leading global organizations. These potential partners expressed interest in the deployment of AirJoule^® units to address off-grid water generation and other water security challenges across agriculture, rapidly urbanizing cities, humanitarian emergencies, pure water for green hydrogen electrolysis, Net-Zero water usage in manufacturing, and other end uses.

With its transformational water harvesting and dehumidification technology, AirJoule^® can harvest water directly from the air to mitigate water scarcity. When paired with vapor-compression refrigeration systems for air conditioning, AirJoule^® can also reduce power consumption for moisture removal by up to 50 percent.

Montana Technologies previously announced the signing of a Memorandum of Understanding with TenX Investment in Energy Enterprises & Management Co. LLC to address water security and energy efficiency opportunities in the UAE, as well as the establishment of its first international office in the UAE.

About Montana Technologies Corporation

Montana Technologies Corporation (NASDAQ: AIRJ) is the developer of AirJoule^®, an atmospheric thermal energy and water harvesting technology that provides efficient and sustainable air dehumidification and pure water from air. Designed to reduce energy consumption and generate material cost efficiencies, AirJoule^® is being commercialized through a joint venture with GE Vernova and through partnerships with Carrier Global Corporation and BASF. For more information, visit www.mt.energy.

Forward-Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release are forward-looking statements. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts

Montana Technologies Corporation
Tom Divine – Vice President, Investor Relations and Finance
investors@mt.energy

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2ba9c39e-112e-44d2-acda-32f0502fa9a8

GlobeNewswire Distribution ID 9254044

VICTORIA, Seychelles, Oct. 10, 2024 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released the latest valuation of its Protection Fund for September 2024. The fund, an essential safeguard for the exchange and its users, has remained resilient over the past year, maintaining a valuation comfortably above the initial $300 million commitment. As of the end of September, the fund is valued at approximately $428.5 million, marking one of the highest valuations in recent months.

Despite fluctuations within the broader financial market, the crypto sector continued to experience growing confidence, particularly with Bitcoin’s solid performance throughout the month. The Bitget Protection Fund, which is denominated in Bitcoin and stablecoins, benefited from Bitcoin’s upward trend, further strengthening its valuation. On September 7, the fund recorded its lowest valuation for the month at $350.5 million when Bitcoin prices dipped to $53,923. However, the fund quickly regained value as Bitcoin prices rebounded, closing the month with a substantial valuation of $428.6 million.

The Bitget Protection Fund is designed to ensure a robust layer of protection for users in the event of unforeseen market disturbances or security threats. This consistent increase in the fund’s valuation shows Bitget’s commitment to maintaining a stable and secure environment for its global users, aligned with its transparent Proof-of-reserves and industry’s second largest protection fund.
“The sustained growth in the Protection Fund’s valuation, despite market fluctuations shows Bitget’s focus on maintaining user security and trust. As we continue to see positive momentum in the crypto space, Bitget remains dedicated to offering a stable and reliable platform for our global community, ensuring our users’ interests are well-protected,” said Gracy Chen, CEO at Bitget.

With Bitcoin showing promising signs of continued growth, the Protection Fund remains well-positioned to handle market fluctuations. As the cryptocurrency industry moves forward, Bitget remains dedicated to providing a secure trading platform with a focus on long-term user security and risk management.

To check Protection fund and its previous snapshots, please visit here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading, AI bot and other trading solutions. Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including being the Official Crypto Partner of the World’s Top Professional Football League, LALIGA, in EASTERN, SEA and LATAM, as well as a global partner of Olympic Athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/78ebdd73-dbab-4fd3-9b64-6573f00d9613

https://www.globenewswire.com/NewsRoom/AttachmentNg/19fe0105-2644-4dc4-adea-01f501c7a615

GlobeNewswire Distribution ID 1000996791

DUBAI, UAE – Media OutReach Newswire – 10 October 2024 – JustMarkets, a global leader in trading, has successfully completed its participation in Forex Expo Dubai 2024, one of the largest and most prestigious events in the online trading industry. The event was held during 7-8th October and attracted more than 20,000 visitors, more than 200 exhibitors and 5,000 Forex companies. JustMarkets had its own stand at the exhibition, which enjoyed great popularity and attention of visitors.

But the most essential and exciting event at the exhibition was the awarding of JustMarkets as the Most Reliable Broker 2024. Our team has worked hard to improve our products and services to make this award possible.

A representative of JustMarkets was one of the speakers at the conference, mentioning the key macroeconomic and geopolitical events of recent years, describing the company’s vision for the future of online trading and trending assets and trends in 2025.

At Forex Expo Dubai, JustMarkets representatives highlighted three key advantages that make the broker’s services especially valuable to clients:

1. Competitive Spreads: JustMarkets offers some of the most competitive spreads in the market on 90% of trading instruments, including forex, cryptocurrency, metals, commodities, stocks and indices. In total, traders can trade more than 260 trading instruments across markets with the company’s efficient trading products.
2. Flexible Leverage: JustMarkets provides traders with one of the highest leverages in the industry. Traders can take advantage of leverage up to 1:3000 to maximize trading potential and open larger positions with a relatively small initial investment.
3. Local Payment Solutions: JustMarkets offers a wide range of local payment methods with several backup solutions for deposits and withdrawals. JustMarkets understands the importance of full and comfortable management of clients’ capital and provides all the options for this.

Dubai Expo has provided visitors with the opportunity to interact with the JustMarkets team, learn about the platform’s innovative trading solutions, and participate in interactive discussions on new financial trends and trends of 2025. Visitors were particularly interested in the innovative features and customized solutions that JustMarkets offers its clients in mobile trading.

“We also understand that today’s traders want more than just good conditions – they want effective tools to trade anytime, anywhere. That’s why JustMarkets has invested heavily in developing a mobile app that makes trading easier than ever.

Our mobile app offers: real-time chart analysis; instant market updates; the ability to quickly open and close trades; uninterrupted deposit and withdrawal functions. For today’s trader, time is everything, and the ability to analyze the market, make trading decisions is essential for long-term success.”

In addition to an exciting presentation, JustMarkets representatives held a special competition for newcomers to the exhibition. Visitors were able to learn the basics of online trading using the user-friendly JustMarkets platform with competitive trading conditions.

Forex Expo Dubai 2024 was a great opportunity for JustMarkets to connect with clients and partners from all over the world, and to share its vision for the future of the dynamic online trading industry. JustMarkets continues to lead the trading industry and is focused on expanding the range and quality of its products, as customer satisfaction and efficiency remains the key task of the broker.

https://justmarkets.com/
https://www.linkedin.com/company/justmarketsofficial/
https://x.com/JustMarkets_
https://www.facebook.com/JustMarketsComOfficial
https://www.instagram.com/justmarkets.official/
https://www.youtube.com/@justmarkets.official
https://t.me/JustMarketsOfficial

About JustMarkets
JustMarkets is a globally recognized multi-asset broker providing reliable and transparent trading services since 2012. The company has earned over 50 industry awards, highlighting its excellence in the financial sector. JustMarkets offers a diverse array of trading instruments, including forex, stocks, commodities, indices, metals, energies, and cryptocurrencies, serving clients in over 160 countries.

The company is renowned for its competitive pricing, featuring low spreads and zero commissions. JustMarkets caters to both new and experienced traders by providing a wide range of services designed to enhance their trading experience.

The signing of the memorandum between Bpifrance, Sawari Ventures, and Flat6Labs took place within the framework of the FrancoTech exhibition for Francophonie and Innovation at Station F in Paris, alongside the Francophonie Summit

CAIRO, EGYPT – EQS Newswire – 10 October 2024 – During the FrancoTech exhibition held on October 3 and 4, 2024, at Station F in Paris, alongside the Francophonie Summit, Bpifrance, Sawari Ventures, and Flat6Labs announce the signing of a memorandum of understanding aimed at strengthening ties between Africa, Europe, and the Middle East to better support Francophone and African entrepreneurs in their development across the three continents.

The signing of the memorandum between Bpifrance, Sawari Ventures, and Flat6Labs took place within the framework of the FrancoTech exhibition for Francophonie and Innovation at Station F in Paris, alongside the Francophonie Summit. Innovation is one of Bpifrance’s strategic priorities, from supporting R&D to strengthening the capital of innovative companies. This memorandum highlights the importance of innovation for all parties and the strategic significance of Francophone Africa for Sawari Ventures, which opened a new office in Dakar, Senegal, this year, in addition to its offices in Casablanca and Cairo.

Launched in 2010, Sawari Ventures is a venture capital firm that invests in growth-stage African tech companies addressing regional and global challenges. Sawari Ventures has built a strong track record by investing in key industries such as deeptech, edtech, and fintech, and has been a pioneer in developing the local innovation ecosystem.

Flat6Labs is the most active seed and early-stage fund manager in the MENA region. Flat6Labs has offices in seven countries, with over 400 investments, nearly half of which are in Africa, and operates around thirty programs that support and create innovative companies. Sawari Ventures and Flat6Labs (the “Group”) are building a platform that spans a broad spectrum of financing, from seed stage to Series B+, helping bridge the gap between North Africa and Sub-Saharan Africa by supporting the expansion of companies in both regions.

Bpifrance and the Group aim to strengthen links between Africa, Europe, and the Middle East by facilitating market access and the development of innovative companies across the three continents. They also aspire to improve access to financing for innovative companies based in France looking to expand into Africa and for African companies conducting R&D or operations in France. Additionally, they seek to foster commercial and technological partnerships between European businesses and African innovation companies. Lastly, this partnership aims to accelerate co-investment opportunities between European and African venture capital firms.

The partnership’s objective is to identify qualified Francophone entrepreneurs through Bpifrance and qualified African entrepreneurs through the Group who wish to develop in the Europe/Africa/Middle East regions. The goal is to support their financing and the technological and commercial development of their companies, as well as to promote co-investment opportunities between European investors and Sawari Ventures, particularly in deeptech – a key sector where Sawari Ventures has been a pioneer in Egypt and has demonstrated a strong track record. To achieve this, the partners will collaborate with various departments within Bpifrance that support entrepreneurship and innovation financing in the region, as well as with the online platform EuroQuity, created by Bpifrance to facilitate connections between investors, companies, and their ecosystems at the European and international levels.

The EuroQuity digital platform connects growth companies supported by leading partners – such as the European Commission, development and innovation agencies, banks, and major groups – with investors and business partners on a global scale. It also offers complementary services to facilitate and strengthen these connections.

“Our partnership with Bpifrance reflects our shared commitment to strengthening ties between Africa, Europe, and the Middle East. We see more and more entrepreneurs from these regions, as well as from their diasporas, launching companies with Pan-African and regional ambitions but lacking access to the tools and networks needed to grow effectively. We aim to build a platform that can identify and support them in their expansion by leveraging key partnerships with institutions like Bpifrance,” said Hany Al-Sonbaty, Co-founder of Sawari Ventures and Flat6Labs.

Isabelle Bébéar, Director of International and European Affairs at Bpifrance, added: “It is essential to strengthen ties between European, African, and Middle Eastern ecosystems, particularly in terms of innovation and investment, to identify geographic development opportunities for companies in these regions. This is precisely the goal of the partnership between Bpifrance and Sawari Ventures and Flat6Labs.”

About Bpifrance:

Bpifrance finances companies – at every stage of their development – with credit, guarantees, and equity capital. Bpifrance supports them in their innovation and international development projects. Bpifrance also supports their export activities through a wide range of products. Consulting, university, networking, and acceleration programs for startups, SMEs, and ETIs are also part of the services offered to entrepreneurs. Thanks to Bpifrance and its 50 regional offices, entrepreneurs benefit from close, single, and efficient contact to help them face their challenges.

For more information: www.bpifrance.fr – https://apo-opa.co/3Yg8Eif

Follow us on X (Old Twitter): Bpifrance (https://apo-opa.co/3NgRGdp) – BpifrancePresse (https://apo-opa.co/3U1MTQQ)

About Sawari Ventures:

Sawari Ventures is a leading pan-African venture capital firm based in Egypt, investing in high-impact, growth-stage technology companies. It is backed by a team with more than 20 years of collaboration, forming one of the continent’s most stable partnerships, with a solid track record in investment, entrepreneurship, and technology. Sawari Ventures bridges the gap between North and Sub-Saharan Africa, facilitating the expansion of companies between the two regions.For more information: https://apo-opa.co/4gUkrdj – Follow us on Linkedin @Sawari Ventures

About Flat6Labs:

Flat6Labs is MENA’s leading seed and early-stage venture capital firm and currently manages some of the region’s most renowned start-up programs. Flat6Labs invests in innovative, technology-driven startups, enabling thousands of passionate entrepreneurs to realize their bold ambitions and ultimately become their institutional co-founders.

To find out more, please visit the Flat6Labs website: https://www.Flat6Labs.com/

Contact:
Georgina NIOM
06 60 81 62 64
georgina.niom@bpifrance.fr

Anta NDIAYE
+33 7 53 72 35 80 // +221 78 869 36 31
anta@sawariventures.com