investment

investment

Docoh Raises $345K Seed Round to Democratize Investment and Corporate Research


TORONTO, CANADA – July 2020 – Docoh, the Toronto fintech startup that gives everyone access to professional-quality information about public companies and stocks, has today announced the closing of $345,000 in seed round funding.

The startup, which launched in March 2019, uses proprietary technology to synthesize information and data from a wide range of sources, including public filings, patent applications, industry regulators, and press releases. Most information on Docoh is available at no cost to users, and can be easily accessed on mobile or desktop. It is currently used by retail investors, accountants, lawyers, recruiters, corporations, software companies, journalists and a growing list of professionals and non-professionals alike.

The new round will enable Docoh to further capitalize on its position with real-time notifications, data for hundreds of new types of corporate material events, and innovative new tools to help everyone make better investments and understand the implications of financial data and corporate actions.

Richard Robinson, CTO and co-founder of Docoh, announced, “We couldn’t have wished for a better group of investors, whose network and knowledge of the software and finance industries gives us a huge advantage. Everyone’s excited about the potential to disrupt a closed, confusing and costly industry, and level the playing field by finally giving the 99% access to the same information that the 1% has always locked away.”

For more information and to sign-up for free, go to https://docoh.com

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Commercial Finance Broker Completes £2.7M Investment Deal For Eco-Luxury Apartments in Scarborough


It’s not all doom and gloom for the local economy during these unprecedented times, as companies seek to do business from the comfort of their homes. Leeds based Commercial Finance broker, ‘Xander Wealth Commercial Finance’ have just sealed a £2.7m investment/development finance deal in partnership with a local developer for the construction of seventeen high specification apartments on Filey Road in Scarborough. The company which specialises in development finance sealed the deal in May 2020. Work on the scheme is due to begin imminently and will be completed by August 2021.

These brand new unique apartments are specially designed and suitable for all age groups, including the elderly, disabled and families. They will be constructed from special insulating concrete, made with rigid thermal insulation and interlocking modular units which are dry-stacked and filled with concrete. The complex will have wheelchair access and be environmentally friendly too. Some of the apartments have views of Scarborough’s South Bay and are located near the town centre, train station and beach.

Xander Wealth founder, Kristian Alexander Wilkinson commented:
“This will be a wonderful addition to the local community of Scarborough, offering high specification, eco, accessible apartments suitable for people of all ages, with potential for tourists and permanent residents alike”

This represents a large deal in Xander Wealth Commercial Finance’s short history, which Wilkinson started in 2017 and after two years of building contacts started trading in February 2019. They offer a wide range of finance products, including development finance, bridging loans, commercial mortgages and ‘Buy to Lets’ for Ltd companies. To date they have arranged funds worth over £4.2m since its inception. They are now working on a small housing scheme in Castleford as well as one in Barnsley too. Wilkinson’s future ambitions is to establish his own credit line for the development of housing & commercial schemes across the county.
Despite the drawbacks of the Covid-19 pandemic, Xander Wealth keeps going from strength to strength.

1. Kristian Wilkinson has spent his working life hosting events in Yorkshire, building the website and social platform, I-Yorkshire which promotes Yorkshire to the World and is a passionate Yorkshireman.
2. For more information on Xander Wealth visit https://xanderwealth.com/
3. Visit the I-Yorkshire website at https://marketplace.i-yorkshire.com/

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Investment Capital Account Management: 6% gross monthly profit in all accounts


Investment Capital Account Management (ICAM) corporation announces earnings of 6% gross monthly profit in the last 12 months for all its partners using artificial intelligence services.

ICAM holds the right to use theServer automated investment system designed by Cristian Păuna and developed by Algorithm Invest. The system is made available to all investors who want to make a profit in their own capital accounts. theServer operates on 17 international capital markets, using advanced artificial intelligence technology. The system includes over 2400 real-time data-mining algorithms to identify optimal trading opportunities in the short, medium, and long term and executes an average of 6.6 MIPS. The ICAM service offered to investors has achieved a 72% profitability in the last 12 months, equivalent to a monthly average of 6% gross profit.

The ICAM service offered to investors has achieved a 72% profitability in the last 12 months, equivalent to a monthly average of 6% gross profit. The ICAM service makes 80% of investments in stock indices (CFDs) of the major international stock exchanges from Frankfurt, New York, Zurich, London, Paris, Sydney, Tokyo, and 20% investments in currencies, gold, and German treasury bonds. The service is addressed to investors who want to invest the minimum amount of 100,000 USD or Euro, plus the allocated risk, which can be 10%, 20%, or 30% of the capital, at the investor’s choice. During the investment period, the capital remains liquid, deposited in the investor’s account, opened with an independent, authorized, and regulated brokerage company, with which theServer system is connected. The capital and the realized profit can be withdrawn anytime with no restriction or penalties from ICAM.

The cost of the ICAM service is 50% of the gross profit. There are no hidden fees or other taxes, and the service is billed only if the investor registers profit as a result of the service provided. ICAM service contracts are strictly confidential and can be concluded at any time, unconditionally. Investors, individuals, or companies, are invited to test the ICAM service with the minimum amount of capital, before making a significant investment plan. All ICAM service details, the tracking records, and all contact details are listed on https://icam.one.

ICAM, artificial intelligence at your service.

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5 Clever Ways To Save Some Cash

Saving money can be an incredibly difficult affair. No sooner have you transferred that cash into your savings account than you’re moving it straight back into your current account, so that you can head out for a night with your friends. Sure, you’re only doing it once though, aren’t you? However, there are many things that can get in the way of saving money, and it isn’t just your weak willpower when your friends remind you that ‘you only live once’ on the weekend. Here are 5 ways to actually build up a substantial amount of savings.

#1: Budget well

OK, so this is hardly rocket science, but budgeting properly is one way to ensure that you’re not splashing the cash left, right and center. Knowing that you have a certain amount each month to spend on essentials and luxury items means that you’re likely to prioritize, and you won’t go overboard with your spending. Look into the budgeting apps out there if you want to make it as easy as possible.

#2: Round up purchases

There are many banks now that have developed easier ways to save, and one of these is ‘rounding up’ your purchases into a savings account. Let’s say that you spend $4.75 on a coffee or breakfast in the morning. The remaining quarter would be taken out of your current account, and put into your savings account. Before you know it, you’ve saved a lot of cash just by rounding up your purchases!

#3: Get the best savings account

Of course, we all know that there are many different types of savings accounts out there. However, cutting through the jargon can be difficult, and if you’re not well-seasoned in the world of finance then it can be a stressful experience. Check out Investments Explained if you’re not sure what the best account for you is, but generally look for high interest accounts, with flexibility over access.

#4: Have a goal in mind

Saving money is a lot easier when you have a goal in mind. Think about what you’re saving up for, and name your savings account after this. For example, seeing ‘Bali trip’ or ‘wedding’ on your account will remind you why you can’t just transfer all of the money back to your current bank, and it will really motivate you to keep going when it’s tough. Picturing yourself lying on the beach should make it a little easier!

#5: Reassess your spending

Whilst we always consider how we could put some money away for a rainy day, we rarely consider where we are overspending right now. For example, could you cut that morning coffee from Starbucks out and take a flask instead? Could you go a brand down in your shopping on some items, if the quality and taste is the same? These are small changes, but they make a big difference to your savings in the long-run.

Good luck building up the savings that you need and want for the future!

 

AI e-commerce tech start-up secures investment from fast-growing food and drink wholesaler

Scottish tech start-up, 443 AI Ltd, has secured seed investment from a fast-growing food and drink wholesale firm to pioneer disruptive online technology in a sector considered to be still struggling with basic e-commerce.

In a month where yet another stalwart of the UK High Street struggles to survive in the face of the rising challenge of e-commerce, and one of the UK’s longest-established wholesale operations ditches the cash and carry side of its business, forward-thinking food and drinks wholesaler, Savona Foodservice, announces a pioneering investment in 443 AI.

443 AI has been started by Jason Finch, founder of one of Europe’s early web development and internet consultancy firms, over 20 years ago.

Also launching the world’s first major wholesale e-commerce operation with pharmaceuticals giant, UniChem (now Alliance Healthcare), in the 1990s, Finch has more recently worked with the UK’s largest delivered wholesaler, Palmer and Harvey, where his former firm’s software processed over £650 million of orders per annum.

Having last year showcased a prototype AI-based product search, advertising and e-commerce platform to Savona, designed and developed from scratch specifically to meet the unique challenges of wholesale, Finch and Savona have now joined forces to build the future of web-based technologies for wholesalers and distribution companies, starting with the food and drink sector.

Mike Morgan, director and general manager of Savona, will join Finch on the board of 443 AI, which is already recruiting top talent to start the design and build of an initial e-commerce platform, machine learning search engine focused on wholesale, and personalised marketing opportunities for suppliers to foodservice wholesale customers which include hotels, restaurants, bars and cafes as well as care homes and the education sector.

“Foodservice wholesale is actually very complicated and very different to retail, yet a lot of wholesalers are approaching e-commerce by building on top of platforms designed for retail. But wholesale is about selling large volumes and a few seconds extra adding each item to your order adds huge amounts of time to the overall ordering process,” explained Morgan.

“Orders often have hundreds of items built up over days not minutes, bespoke pricing for each customer, promotions packages far more complex than retailers operate, there are large cases of single items and split cases, in food and drink there are delivery cut-off times that vary depending on the temperature of products, and brand substitutions that all add to the complexity.”

Said Finch: “Wholesalers who have grasped the thorny issue of e-commerce are still seeing fairly basic platforms as innovative, despite the fact they’re at least a decade behind in the grander scheme of things. There is so much opportunity in this sector but the margins are wafer-thin so investment in new ordering channels is simply not happening, but wholesalers are starting to wake up to the fact new competitors, including Amazon, are emerging.”

443 AI is solving the problems for all wholesalers who want to have a viable, meaningful digital relationship with their customers, and Savona Foodservice is demonstrating its leadership by taking a significant shareholding in 443 AI and an active role in the development of the launch products, pooling the knowledge, experience and expertise to ensure the e-commerce platform and related technology products will be simply market-leading.

Finch recognises the importance of building the right platform with a company that shares his vision: “Savona get it. In the last decade I’ve come across no other wholesaler that has impressed me so much with its thoughts on innovating in the e-commerce space.

“All the people there know what their customers need and they know how to express that,” and he seems sure that the outcome of that can only be an industry leading e-commerce platform that serves customers as it should but does not add unnecessary administrative burden to the wholesaler.

“It’s easy for companies to talk the talk, but Savona has invested in the future of their industry, and 443 AI’s approach will be disruptive rather than simply creating standard e-commerce websites with a wholesale angle.”

“I’m excited about the journey we have started with Jason,” explains Kelly Williams, group sales and marketing director of Savona, “and seeing what I have already seen, tells me that we could not be in better hands. Jason is already approaching a broad range of our suppliers and customers to ensure that 443 AI creates a platform that improves not only the speed and efficiency of ordering but also makes it easy for customers to see the new products and promotions offered by our suppliers.

Well-funded, and with a short roadmap before the launch of the initial version of the e-commerce platform, 443 AI is set to completely disrupt the food and drink sector’s e-commerce market, and Savona Foodservice will lead the charge within their customer base.

Finch concluded: “443 AI understands the importance of ongoing customer research and feedback, of creating modern mobile-responsive highly usable web software, and Savona’s board are all positive and understand there is a lot we can learn from the big boys of web technology and the leaders of retail e-commerce. Together, we can transform digital trading for wholesalers and improve the sales process through cutting-edge personalisation and machine-learning technology.”

Bios:

Mike Morgan (director and general manager, Savona)

Mike has around 20 years’ operational and general management foodservice experience, encompassing wholesale giants Bidvest and Brakes, and world-class distribution companies Martin Brower and Weddel Swift. Prior to joining the board of Savona, where Mike is responsible for the entire Oxford operation, delivering right across the south of England, his most notable previous leadership role was during the contract for the supply of food to the 2012 Olympic Games for 3663. Despite having a wife and two children, he still finds time to shoot clay pigeons and travel.

Kelly Williams (group sales and marketing director, Savona)

Kelly has worked for most of her successful sales career in the wholesale foodservice industry, and most of that for Ilfracombe Wholesale Grocers before the acquisition by Savona Foodservice. Having worked from telesales through field sales and into sales management, she was appointed a company director and then took group sales and marketing responsibility. Travel, family and dogs all play a huge part in her life outside work.

Jason Finch (CEO, 443 AI)

Helicopter pilot, snowboarder and obsessed with Artificial Intelligence since graduating with a degree in AI-based Computer Science in 1994, Jason says he hates technology but is a serial tech entrepreneur, wrote regular tech business features for Better Wholesaling magazine and developed most of the code for wholesaler, P&H’s, first e-commerce platform. He is now an official mentor to the Women in Wholesale organisation and has helped many High Street retailers and brands as diverse as Apple Education, Lotus Cars, English National Ballet and Toshiba Europe to get online.