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GMO Payment Gateway, Inc. Invests USD 3 Million in Helicap’s Flagship Credit Fund to Drive Growth of FinTech in Southeast Asia

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SINGAPORE, Oct. 11, 2024 /PRNewswire/ — Helicap Group is proud to announce that GMO Payment Gateway, Inc. (TSE Prime Market Securities Code: 3769, President & CEO: Issei Ainoura), a leading provider of payment and financial-related services under the GMO Internet Group, has made a USD 3 million investment in Helicap’s flagship credit fund managed by Helicap Investments Pte Ltd, a regulated subsidiary of the Helicap Group. The investment was executed through GMO-PG’s Singapore-based subsidiary, GMO-Z.COM PAYMENT GATEWAY PTE. LTD.

A Partnership to Bridge Southeast Asia’s Funding Gap

In the first half of 2024, FinTech startups in Southeast Asia secured a notable USD 899.3 million in funding, highlighting the region’s enduring appeal amidst global economic headwinds.*1 This demonstrates the sector’s resilience, fueled by Southeast Asia’s strong demand for innovative financial solutions as traditional services evolve to meet modern needs. Helicap, together with its regulated subsidiaries, aims to address the region’s USD 500 billion funding gap.*2 This period marks the rise of key players leveraging technology to build scalable, inclusive financial services, solidifying Southeast Asia as a thriving FinTech hub. This latest investment from GMO-PG underscores their commitment to supporting innovative FinTech solutions and aligning with Helicap’s vision of driving financial inclusion in underserved markets. Through this partnership, Helicap will continue to empower FinTech companies that are transforming the financial landscape of Southeast Asia, while opening doors to new business opportunities in markets that remain untapped.

*1 Tracxn Technologies Limited「FinTech – Southeast Asia Semi Annual Funding Report – H1 2024」

*2 As of 2017

 

About Helicap Pte Ltd ‘Helicap’

Helicap is a Singapore-based FinTech firm facilitating private debt opportunities in Southeast Asia. As a group, the goal is to fill a USD 500 billion financing gap that banks are unable to serve and deploy capital to 300 million underbanked through 1,000 originators in the region. Helicap’s equity backers include Malaysia’s leading independent investment bank, Kenanga Investment Bank Berhad (“Kenanga Group”), Japanese financial services firm Credit Saison, Temasek-backed alternative investments firm Tikehau Capital, integrated Asian financial house PhillipCapital, as well as top VC firms East Ventures, Access Ventures, Voveo Capital, and leading Singapore property group SoilbuildGroup Holdings.

Over the last 6 years, Helicap has raised more than USD 15 million in paid-up capital, and via its regulated subsidiaries, has deployed almost USD 400 million worth of capital with its in-house data analytics expertise. By leveraging this advanced data-processing capability, they have indirectly served more than 5 million MSMEs and individuals. Helicap’s collaboration with Temasek Trust on Southeast Asia’s first Financial Inclusion Report exemplifies the commitment to building a visible, impactful, and integrated ecosystem that prioritizes sustainable and ethical practices.

For more information, visit www.helicap.com.

About GMO Payment Gateway, Inc. 

GMO Payment Gateway, Inc. provides payment-related services that support the customer’s online and cashless migration and digital transformation (DX). Annual transaction value exceeds 17 trillion yen and its online comprehensive payment services have been adopted by over 150,000 merchants such as EC operators and public institutions of NHK and National Tax Agency, etc.

As the leading company in the payment industry, GMO contributes to the advancement and realization of a sustainable society by driving social innovations using payment and financial technology through its services, such as online comprehensive payment service, payment services in the offline market, Buy Now Pay Later (BNPL), BaaS Support services to financial institutions and enterprises and strategic investment and lending to overseas leading-edge FinTech companies. (As of end-June 2024, consolidated figures)

For more information, visit: www.gmo-pg.com

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SOURCE Helicap Pte.Ltd.

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At World Fibre Conference, YOFC Unveils Next-Gen Intelligent Networks for the AI Age

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SHANGHAI, Oct. 11, 2024 /CNW/ — At the 2024 World Optical Fibre & Cable Conference held in Shanghai on October 10th, Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC), showcased its leadership in optical technology. YOFC, renowned for its extensive work in the R&D and manufacturing of optical preform, fibres, optical cables, and data communications products, has been a principal partner of this event for many years. ZHUANG Dan, Executive Director and President of YOFC, attended the conference and delivered a keynote speech titled “Accelerating the Construction of New Optical Networks in the AI Era and Building a New Chapter of Intelligent Future.” He also engaged in a roundtable discussion with senior executives from international giants such as Europe-based Prysmian and US-based Corning, exploring key industry topics in the AI era and discussing the future of the sector.   

Mr. Zhuang discussed how AI is driving a global scientific and technological revolution, ushering society into a new era of intelligence. The transition is characterized by a dramatic surge in data traffic and increased computational needs, placing greater demands on the infrastructure supported by fibre optic networks. Concurrently, with the advancement of AI technology and the rapid evolution of fibre and cable technology, numerous new fibre products are being developed and introduced to the market. These innovations are designed to enhance various types of network infrastructure and proactively shape an intelligent future.

Specifically, innovative fibres featuring miniaturization, high-density, and anti-bending capabilities can significantly support the evolution of fixed networks towards higher density and speed, enabling the transition from Gigabit to 10 Gigabit. Additionally, advanced fibres with large bandwidth, low-loss, and low-latency properties are vital for rolling out new generations of mobile networks, such as 5G-A and soon 6G. These fibres are not just enhancing mobile networks but are also essential for data centers, where they support massive data flows by providing high-density, low-latency, and energy-efficient optical interconnections. Additionally, the role of submarine cables, which boast large capacity, extended reach, and superior stability, remains indispensable in building the backbone of the global communication network.

Amidst these technological shifts, YOFC has capitalized on the opportunities presented by AI innovations. The company recently unveiled its i-Fibre series, which stands out for its ultra-large capacity, minimal loss, and low latency, combined with integrated sensing, communications capabilities, and environmentally friendly features. Through this initiative, YOFC is aiming to provide robust infrastructure support necessary for building an intelligent future.  

Notably, YOFC’s G.654.E fibre stands out with ultra-low attenuation. It combines a low non-linear effect (large effective area) with a small attenuation coefficient, significantly extending transmission distances. These features make it a preferred choice for 800G and 1.6T ultrahigh-speed transmission in the AI era. Since initiating the R&D of the fibre in 2010, YOFC has achieved a leading position in the global market, deploying more than one million fibre kilometers of this cutting-edge product. With a substantial market presence in China, the company has notably impacted infrastructure projects for major telecoms and utility providers including China Mobile, China Telecom, China Unicom, and the State Grid Corporation of China, and has expanded its influence to projects in the Philippines, Brazil, and beyond.  

To meet the demand for ultra-large bandwidth and high-speed interconnections in data centers, particularly within intelligent computing networks, YOFC has rolled out next-generation high-end multimode fibres, including the OM4 Ultra and OM5. These fibres have been widely adopted in numerous large data centers worldwide, driving intelligent computing into a new era of high efficiency and environmental responsibility.

Additionally, YOFC remains committed to the R&D of next-generation mainstream fibres, such as space division multiplexing (SDM) fibres and hollow-core fibres. SDM fibre, which can increase the transmission capacity of a single fibre by tenfold, is engineered to satisfy the needs for ultra-large capacity and ultra-high density connectivity in the AI era. YOFC has ramped up to mass production, supported by comprehensive in-house capabilities for developing key raw materials and an array of production and testing equipment. The company is actively conducting pilot tests with operators to refine these advancements.

Furthermore, YOFC is pioneering in hollow-core fibre technology, which offers substantial advantages over traditional solid-core fibres by significantly reducing latency and attenuation while boosting capacity. This is particularly beneficial for applications that require minimal latency, such as long-distance communications and data center interconnections crucial for powering extensive AI models. With robust in-house research and collaborative efforts with both domestic and international carriers and data centers, YOFC is not only advancing technology but also solidifying its leadership in the field, accumulating valuable engineering experience and showcasing its industrial expertise.

Sir Charles Kuen Kao, who invented fibre optics, famously declared that this technology would dominate for 1,000 years. Echoing this sentiment, Mr. Zhuang pointed out that the current data and computation surge in the AI era is catalyzing swift advancements and industrial improvements within the industry. According to CRU’s latest forecast, the global fibre and cable market is anticipated to experience an average annual growth rate of 4.6% by 2028, with Asia-Pacific, Africa, and North America exceeding 5%. These figures signal a robust future growth phase for the sector.

Since its establishment in 1988 and the commencement of operations in 1992, YOFC has been committed to connecting every corner of the world with optical fibres. The company has delivered over 1 billion core kilometers of fibres, operating in more than 100 countries and regions while serving over 3 billion people. YOFC has also reduced its carbon footprint by 9.25 million tons and contributed to increasing the global penetration of fibres. On its journey to harness the power of light, YOFC remains steadfast. As Mr. Zhuang indicated, YOFC will stay true to its mission of continuously innovating, and developing more advanced, reliable, and premium products and solutions. In collaboration with industry peers, the company seeks to accelerate the construction of next-generation fibre networks in the AI era, collectively envisioning a grand blueprint for an intelligent future.

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SOURCE YOFC

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Northern Data Group Announces Third Quarter 2024 Earnings Conference Call

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FRANKFURT, Germany, Oct. 11, 2024 /PRNewswire/ — Northern Data AG (ETR: NB2) (‘Northern Data Group’ or ‘the Group’ ), a leading provider of AI and high-performance computing (HPC) solutions, today announces that it has scheduled its third quarter 2024 earnings conference call for Thursday, October 17th, 2024, at 4:00 P.M. CET.

During the call, management will discuss its operations and the financial results for the quarter ended September 30, 2024.

This conference call will be available through an audio webcast. Please use this link to register.

Additionally, analysts can join the conference call using their local dial-in number:

Germany Toll-Free: +49 800 0009712
United Kingdom/International Toll-Free: +44 800 358 1035
United States Toll-Free: +1 855 979 6654
Global dial in numbers can be found here

Access code required: 183303

A replay of the conference call will be available through the Investor Relations section of the Northern Data Group website at Publications (northerndata.de)

 

About Northern Data Group:

Northern Data Group (ETR: NB2) Northern Data Group is a leading provider of AI and High-Performance Computing (HPC) solutions, leveraging high-density, liquid cooled, GPU-based technology to empower the world’s most innovative organizations. Together with our partners, we are passionate about the potential of HPC to drive not only technological advancements but also societal progress.

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Faryl Robin Steps Up Efficiency and Streamline Data Management with Centric PLM

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Footwear company partners with Centric Software to build foundational digital infrastructure

CAMPBELL, Calif., Oct. 11, 2024 /PRNewswire-PRWeb/ — Centric Software® is pleased to announce women’s footwear brand Faryl Robin has selected Centric PLM™ to drive greater efficiency and streamline data management. Centric Software provides the most innovative enterprise solutions to plan, design, develop, source, buy, make, price, allocate, sell and replenish products such as fashion, luxury, multi-category retail, grocery, food & beverage, cosmetics & personal care and consumer electronics to achieve strategic and operational digital transformation goals.

Founded in 2000 by footwear designer Faryl Gilston, Faryl Robin is dedicated to offering accessible, fashionable and comfortable footwear for women. Collaborating closely with leading retailers, Faryl Robin designs and develops bespoke footwear collections, producing over 1,000 unique SKUs annually. Major retail giants like Walmart, Target and Amazon Essentials are primary customers highlighting the brand’s commitment to quality and innovation.

With volumes of product-related data to juggle, Faryl Robin decided to invest in a PLM solution to systematize data management and empower more informed decision-making.

“We wanted to build a database to better collect information around the work that we’re doing. As we move towards a world where AI and reporting tools are becoming more sophisticated, we need to keep pace internally with the data we’re collecting.” explains Gabe Biolos, head of Innovation & Technology at Faryl Robin. “PLM is a piece of digital infrastructure that will not only enhance our workflows today, but help us realize some of our longer-term innovation goals as well.”

After carefully evaluating options, Faryl Robin was drawn to Centric PLM for its user-friendly interface. “We chose Centric because it has a flexible configuration that we can shape to our needs,” says Biolos. As the most configurable PLM software available, Centric PLM allows adjustments on the fly to meet the evolving demands of teams and products. Adaptability ensures the Centric PLM platform remains effective and aligned with specific and unique team requirements.

The implementation of Centric PLM promises to bring significant improvements to communication within Faryl Robin, both internally and with external stakeholders. Biolos envisions a future where common design libraries and assets are shared across the company reducing inefficiencies. “We’ll have better visibility, be able to ensure versions are stored more effectively and have fewer email chains for feedback, which will help us be more efficient,” he explains.

Integrating Faryl Robin’s vendors into Centric PLM is expected to streamline collaboration and significantly boost the company’s sustainability initiatives. By leveraging Centric PLM’s material tracking capabilities Faryl Robin can monitor and manage their resources more effectively. “Integrating with our vendors will enable us to have a greater level of transparency and supply chain-focused information to support our sustainability initiatives,” Biolos adds. This enhanced data-driven approach is a key step toward fostering stronger partnerships and achieving the company’s long-term sustainability goals.

As the partnership with Centric PLM unfolds, Biolos is optimistic about the transformation it will bring to Faryl Robin. “Faryl Robin has been going through a lot of positive change over the past few years. In another year or two, it feels like we’ll be operating in a really different, much more streamlined way, so stay tuned!” he concludes, excited about the future possibilities.

“We’re very happy to announce that Faryl Robin has selected Centric PLM,” says Chris Groves, CEO of Centric Software. “We look forward to working with the Faryl Robin team to create a strong digital foundation that will enable them to build greater efficiency, collaboration and productivity throughout the business.”

Learn more about https://www..centricsoftware.com/l/35842/2024-10-10/wdbfqy [Centric Software __title__ Centric Software]

See Centric AI-Powered Solutions in action at NRF 2025, Booth #6257

https://www..centricsoftware.com/l/35842/2024-10-10/wdbfr2 [Request a demo __title__ Request a demo]

Faryl Robin (http://www.farylrobin.com)

Faryl Robin empowers women by blending stylish design and comfort, enabling them to express their individuality with confidence. We specialize in creating fashion-forward footwear for independent, creative women who love fashion. Our organization thrives on the same creativity and passion we instill in our designs, fostering a dynamic and inspiring workplace. At Faryl Robin, we encourage boldness, authenticity and enjoying the journey. “We will empower women who want to be true to themselves by offering footwear that incorporates innovative thinking, thoughtful design and high value. We aim to improve the lives of all those we touch, in pursuit of our mission.

Media Contact

Aurore Evee, Centric Software, +16479155377, aurore.evee@centricsoftware.com, www.centricsoftware.com 

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SOURCE Centric Software

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