PayPal earnings soar on e-commerce boom
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PayPal said it made a profit of $1.1 billion in the recently ended quarter
SAN FRANCISCO (AFP) - PayPal on Wednesday reported record quarterly profit as the online financial transactions service benefited from an e-commerce trend boosted by the pandemic.
PayPal said it made a profit of $1.1 billion in the recently ended quarter, compared with $84 million in the same period last year. Our strong first quarter results demonstrate sustained momentum in our business as the world shifts into the digital economy, PayPal chief executive Dan Schulman said in an earnings release.
PayPal handled some 4.4 billion payment transactions in the quarter, with a total value of $285 billion, the Silicon Valley-based company said.
Google CEO Pichai: Internet giant will embrace remote work post-Covid
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NEW YORK, May 6, 2021 /PRNewswire/ Odgers Berndtson, one of the fastest growing executive search firms in the United States and the sixth largest in the world, is pleased to announce the launch of its proprietary intelligence platform, OBDynamics, which uses big-data and machine learning to rapidly and accurately deliver data-informed talent intelligence and recruitment services.
Built on a continually updating data lake of 1.1 billion personal and corporate records, all of which are gathered in accordance with the most stringent international privacy regulations, OBDynamics AI-powered platform augments Odgers Berndtson s traditional offerings, allowing consultants to provide highly detailed talent mapping and analytic services alongside top-end executive and middle market search.
Sary raises $30.5 million Series B
Saudi Arabia-based B2B marketplace Sary has raised $30.5 million in a Series B round led by VentureSouq with participation from new investors US-based Rocketship.vc and STV alongside current shareholders Ra’ed Ventures, MSA Capital and Derayah.
Founded in 2018 by Mohammed Aldossary and Khaled Alsiari, Sary connects small businesses with a network of wholesalers and manufacturing brands via mobile and web applications.
Since its inception, the company’s apps were installed by over 100,000 users, and during the pandemic alone, Sary was able to serve over 30,000 verified retail businesses, moving 4 million tonnes of goods across Riyadh, Jeddah, and Dammam.
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The Bengaluru-based startup enables teachers to digitise their classrooms. It claims to have over 7,00,000 teachers on its platform. This is Teachmint’s third round of investments within 10 months of its launch in May 2020, making it the fastest edtech startup in India to raise more than $20 million in capital,” it said in a press statement.
Learn Capital is a San Francisco Bay Area-headquartered venture capital firm which made early investments in Coursera, Udemy, and Brainly among others.
“There are startups building great products in education and we would love to partner with some of them in taking their products to the larger audience,” said Mihir Gupta, co-founder and CEO, Teachmint.
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