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UAE's National Pulse invests in Singapore fintech firm Aleta Planet

VCCircleVCCircle · 11m ago
UAE's National Pulse invests in Singapore fintech firm Aleta Planet
Medial

United Arab Emirates (UAE) strategic management company, National Pulse, has invested in Singapore-based payments solutions provider, Aleta Planet. The financial details of the investment were not disclosed. The investment will allow Aleta Planet to expand in the UAE, Middle East, and Africa, providing cross-border payment services for businesses in the region. Aleta Planet facilitates global payments, including through platforms like UnionPay, and handles around $2 billion in cross-border payments annually. With National Pulse's support, Aleta Planet aims to reach $6 billion in transactions within the next year. The companies also plan to establish a joint venture focusing on business-to-business cross-border transactions.

Xpressbees names Uday R. Sharma CBO for B2B, 3PL and cross-border

EntrackrEntrackr · 3m ago
Xpressbees names Uday R. Sharma CBO for B2B, 3PL and cross-border
Medial

Logistics and supply chain solutions provider Xpressbees has appointed Uday R. Sharma as Chief Business Officer - B2B, 3PL, and Cross Border. Uday brings nearly 30 years of experience in helping businesses scale-up, leading organizational turnarounds, and P&L management. His expertise spans business development, key account management, and customer relationship management. Before joining Xpressbees, Uday held leadership positions at Allcargo Logistics, Spoton Logistics, Safexpress, and Aramex India. With a history of fostering strategic business growth, he has effectively led cross-functional teams across multiple industries. According to Xpressbees, Uday’s vast experience and strategic vision will be key in scaling their B2B, 3PL, and Cross Border operations. The company looks forward to his contributions in strengthening its market presence and driving the company’s next phase of growth. Detailing his appointment, Uday R. Sharma said, "I am happy to take on this role with Xpressbees at such a pivotal stage of its growth. The logistics industry is evolving rapidly, and my role will be to leverage my experience to drive innovation, strengthen partnerships, and enhance customer value at Xpressbees”. Xpressbees is an end-to-end logistics solutions provider, offering a comprehensive range of services across e-commerce, B2B, 3PL, and Cross Border logistics. With a robust network and cutting-edge technology, Xpressbees is committed to delivering seamless and efficient supply chain solutions.

EximPe secures RBI PA-CB in-principle licence

EntrackrEntrackr · 23h ago
EximPe secures RBI PA-CB in-principle licence
Medial

Snippets EximPe secures RBI PA-CB in-principle licence EximPe, a cross-border payment startup, has secured the Reserve Bank of India’s (RBI) Payment Aggregator Cross-Border (PA-CB) In-Principle licence (export and import). According to EximPe, this makes the company one of the first to receive this new regulatory authorization without any existing payments licences. With this licence, it plans to enable compliant cross-border pay-ins and pay-outs for digital services, e-commerce, and B2B goods trade, serving businesses across Asian emerging markets. The PA-CB licence will significantly enhance the company’s ability to facilitate seamless cross-border payments and simplify compliance for businesses engaged in international trade. The licence will enable the startup to transition from a technology platform enabling cross border payments to being able to provide a fully regulated cross border infra play. Founded in 2021 by Arjun Zacharia, EximPe is an all-in-one platform that provides real time rate booking, compliance, and trade documentation for businesses. The company serves a range of businesses who trade or sell services globally. The Mumbai-based company had previously raised $3.5 million in Series A round from Leo Capital and others. “With this licence, EximPe is uniquely positioned to support businesses in expanding in the highest growth global corridor between India-Asia, while simplifying complex regulatory and financial requirements. With the PA-CB licence, we want to expand our business by 10X by the end of FY 2026,” said Arjun Zacharia, CEO and founder of EximPe. The platform claims to have already processed over $450 million in transactions and serves more than 5,000 SMEs, manufacturers, and service providers. It aims to further strengthen its position as a leading cross-border payment infrastructure provider by expanding its capabilities with this new licence.

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