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River Acquires Wind to Build the Super App for Global Citizens

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River, Lunchbox, and Pathao founders join forces to lead the fintech transformation and aim to serve 1 billion worldwide users.

NEW YORK, April 21, 2025 /PRNewswire/ — River, a fast-growing U.S.-based technology company redefining global mobility through telecommunications and financial infrastructure, announced the acquisition of Wind, a decentralized payments and banking platform. The move marks a significant milestone in River’s vision to build a single super-app for the world’s 300 million global citizens—people living outside their home countries.

“We’re helping people move money, build wealth, and live with dignity—on one seamless platform.” – Ruhin Hossain, CEO

The newly acquired platform will integrate River’s borderless payments and financial tools directly within its eSIM-powered experience. This positions River as a leader in vertically integrated solutions for global connectivity and digital finance.

A Three-Part Super App: Telco, Payments, Banking

Telecommunications: River’s eSIM service was launched in 2024 and reached $10 million ARR in under 12 months. Today, it serves 30,000+ recurring users and over 100,000 one-time buyers globally.Payments: With the acquisition of Wind, users will now be able to send and receive stablecoin-powered transactions with up to 70% lower fees than legacy providers, hold multicurrency wallets, and pay bills—no bank required.Banking: River’s upcoming roadmap includes fully decentralized banking tools to unlock cross-border users’ income, credit, and savings access.

“This is not just an acquisition—it’s an evolution,” said Hussain M. Elius, founder of Wind and now CTO of River. “We’re building the operating system for a borderless life. No more fragmented tools. No more gatekeepers.”

Elius is the founder and former CEO of Pathao, South Asia’s largest super app with over 5 million users. He joins Ruhin Hossain, CEO of River, and Nabeel Alamgir, River’s lead investor, advisor, and founder of restaurant tech unicorn Lunchbox, to drive River’s fintech expansion.

“This isn’t about hype,” said Chairman Nabeel Alamgir. “It’s about fast money, simple mobile, and earning trust where legacy systems failed.”

A Profitable, Rapidly Scaling Platform
River has achieved profitability and rapid scale without outside investment. The company is currently valued between $100 million and $200 million and expects to grow its user base from six figures to several million by year-end.

Key growth drivers include:

Enterprise partnerships, including a recent deal to onboard over one million migrant workersLicensing in key global markets, including the EU and UAEStrategic focus on diaspora populations, who sent over $800 billion in remittances last year

“We’re closing the loop,” said Ruhin Hossain, CEO of River. “We started by connecting people across borders. Now we’re helping them move money, build wealth, and live with dignity—on one seamless platform.”

About River
River is a U.S.-based technology company building the operating system for global citizens. With eSIM connectivity, decentralized financial tools, and culturally attuned support, River empowers diasporic communities with seamless global access. Licensed in the EU and UAE, River offers a compliant, low-cost financial infrastructure—including multicurrency wallets, stablecoin payments, and next-gen banking solutions—for individuals and enterprises navigating a borderless world.

View original content to download multimedia:https://www.prnewswire.com/news-releases/river-acquires-wind-to-build-the-super-app-for-global-citizens-302433681.html

SOURCE River

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EmTech AI, the longest-running AI business conference, kicks off today to a sold-out crowd

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Featuring visionary speakers, breakthrough sessions, and strategies for business-critical AI decision-making

CAMBRIDGE, Mass., May 5, 2025 /PRNewswire/ — This week, the world’s leading minds in AI will gather on MIT’s iconic campus for EmTech AI (formerly EmTech Digital), MIT Technology Review’s signature conference on the future of artificial intelligence.

For over a decade, EmTech AI has brought together leaders, innovators, and rising stars at the forefront of breakthrough technologies to share what’s next. This year’s conference, taking place May 5–7, 2025, arrives at a pivotal moment in the evolution of AI technology. As AI advances at an unprecedented pace, the demand for trustworthy, strategic, and actionable insights has never been greater. 

Attendees will explore the technologies shaping the next chapter of AI, from the rise of multimodal models and quantum-powered intelligence to next-gen robotics and the urgent questions of ethics, regulation, and how to find value in AI right now.

This year’s speaker lineup brings together leading voices shaping the future of AI, curated by the journalists of MIT Technology Review who report on these breakthroughs every day. Visionary thinkers like Azeem Azhar, founder of Exponential View, will share how to harness AI’s growth to drive innovation, optimize operations, and gain a competitive advantage. Peter Lee, President at Microsoft Research, will dive into how AI is transforming scientific research and reshaping innovation pipelines. Plus, Asha Sharma, Corporate VP, AI Platform, Microsoft, will share firsthand insights on applying AI to enhance customer experiences and operational efficiency at scale. These are just a few of the boundary-pushing sessions on the agenda, covering everything from quantum-powered AI and responsible deployment to business strategy and next-gen robotics.

While the in-person seats are officially sold out, the event remains open to everyone, everywhere—thanks to a powerful livestream experience designed to bring the insights, strategies, and inspiration to audiences wherever they are.

The livestream experience puts you inside the room where the most important AI conversations are happening. With high-definition video, real-time speaker Q&A, live polls, and interactive chat with fellow attendees, the EmTech AI event hub is designed to keep you connected, curious, and part of the conversation. You’ll also get access to post-event session recordings, bonus materials, and continued learning long after the event ends.

Livestream tickets are available until May 7, 2025.

Members of the media may obtain additional information by emailing press@technologyreview.com.

EmTech AI Partners

The EmTech AI Platinum Sponsor is KPMG, your guide for AI strategies that drive value and spark innovation. Presenting Partners include AutogenAI, Deloitte, and EDB. For additional partnership opportunities, contact Andrew Hendler at andrew.hendler@technologyreview.com.

About MIT Technology Review

MIT Technology Review is an independent media company owned by MIT. Established in 1899, it was the first-ever technology magazine; today, MIT Technology Review publishes in multiple digital formats every day, including on our site, in email newsletters, and across all major social channels. We also produce a multi-award-winning, bi-monthly print magazine and run one of the industry’s most highly regarded events brands, EmTech.

Our goal is to become the destination for those seeking to understand how technology is shaping our world. Subscribe. Attend. Follow: LinkedIn, Reddit, Facebook, Instagram.

View original content to download multimedia:https://www.prnewswire.com/news-releases/emtech-ai-the-longest-running-ai-business-conference-kicks-off-today-to-a-sold-out-crowd-302445549.html

SOURCE MIT Technology Review

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CAMTEK TO REPORT FIRST QUARTER 2025 FINANCIAL RESULTS ON TUESDAY, MAY 13, 2025

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MIGDAL HA’EMEK, Israel, May 5, 2025 /PRNewswire/ — Camtek Ltd. (Nasdaq: CAMT) (TASE: CAMT) announced that it would be releasing its financial results for the first quarter 2025 on Tuesday, May 13, 2025.

The Company will host a video conference call later that same day via Zoom, starting at 9:00 am ET. Rafi Amit, Chief Executive Officer, Moshe Eisenberg, Chief Financial Officer and Ramy Langer, Chief Operating Officer will host the call and will be available to answer questions after presenting the results and a few opening remarks.

To participate in the Zoom call, please register at the following link:
https://us06web.zoom.us/webinar/register/WN_VOFAWbAeRqiMCPBMWSJtDQ

Following registration, you will be sent the link to the conference call which is accessible either via the Zoom app, or alternatively from a dial-in telephone number. If you have an issue with registration, please contact the Camtek investor relations team, well in advance of the call.

For those unable to participate, the call will be available for replay through the same link, or from a link to the recording on Camtek’s website, beginning within a few hours following the end of the call.

ABOUT CAMTEK LTD.
Camtek is a developer and manufacturer of high-end inspection and metrology equipment for the semiconductor industry. Camtek’s systems inspect IC and measure IC features on wafers throughout the production process of semiconductor devices, covering the front and mid-end and up to the beginning of assembly (Post Dicing). Camtek’s systems inspect wafers for the most demanding semiconductor market segments, including Advanced Interconnect Packaging, Heterogenous Integration, Memory and HBM, CMOS Image Sensors, Compound Semiconductors, MEMS, and RF, serving numerous industry’s leading global IDMs, OSATs, and foundries.

With manufacturing facilities in Israel and Germany, and eight offices around the world, Camtek provides state of the art solutions in line with customers’ requirements.

This press release is available at www.camtek.com 

CAMTEK LTD.
Moshe Eisenberg, CFO
Tel: +972 4 604 8308
Mobile: +972 54 900 7100
moshee@camtek.com

INTERNATIONAL INVESTOR RELATIONS  
EK Global Investor Relations
Ehud Helft
Tel: (US) 1 212 378 8040
camtek@ekgir.com 

Logo – https://mma.prnewswire.com/media/1534463/Camtek_logo.jpg

View original content:https://www.prnewswire.com/news-releases/camtek-to-report-first-quarter-2025-financial-results-on-tuesday-may-13-2025-302445985.html

SOURCE Camtek Ltd.

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OberaConnect Expands Partnership with City of Freeport, FL to Secure 7-Year IT and Cybersecurity Contract

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FREEPORT, Fla., May 5, 2025 /PRNewswire/ — OberaConnect, LLC is proud to announce the expansion of its partnership with the City of Freeport, Florida. Building on a year-long relationship grounded in trust, performance, and local expertise, OberaConnect has been awarded a new multi-service contract to provide managed IT & email support, voice services, servers, and comprehensive cybersecurity coverage for multiple city facilities.

As part of the seven-year contract, OberaConnect will deliver robust IT solutions—including enterprise-level phones, server management, and secure email systems—along with advanced cybersecurity protection for the Community Center, City Hall, Planning Department, Water Department, Wastewater Treatment Facility, Parks Department, and City Pool. Each location will be outfitted with OberaConnect’s industry-leading antivirus agent to ensure system-wide threat protection.

This milestone marks a significant evolution in OberaConnect’s relationship with the City of Freeport. Over the past year, OberaConnect has supported the city with a variety of technology upgrades, including outdoor WiFi at the Freeport Sports Complex, fiber-optic internet circuits, managed switches and access points, and a full surveillance suite at the Community Center.

“Our partnership with the City of Freeport exemplifies what we stand for: simplicity, reliability, and deep local expertise,” said Devon Harris, Owner & Managing Member of OberaConnect. “We’re honored to expand our services and support the city’s mission with technology that empowers every department to operate securely and efficiently.”

The City of Freeport has publicly praised OberaConnect’s commitment to service excellence. In a letter of recommendation, Mark T. Martin from the City of Freeport shared:
 “The City of Freeport has had the pleasure of working with OberaConnect LLC on outfitting our Community Center with a camera suite. During this time, we have been consistently impressed with the quality of their products and services. OberaConnect has provided network support, IT consulting, and installation services with a high level of professionalism, technical expertise, and responsiveness. We are confident in recommending OberaConnect to other organizations seeking reliable and efficient telecommunications solutions.” – November 18, 2024

OberaConnect is proud to continue serving the City of Freeport with forward-thinking IT infrastructure and personalized support from a team that understands the needs of local government. This continued partnership is a testament to OberaConnect’s mission: delivering technology made simple, secure, and smart.

About OberaConnect
Founded in 2021, OberaConnect LLC is a woman-owned telecommunications and IT solutions provider based in the Gulf Coast. The company specializes in simplifying complex technology for municipalities and businesses across 14 states, with services spanning managed IT, connectivity, cameras, cybersecurity, voice, and TV. OberaConnect is trusted for its local presence, expert team, and unmatched customer care.

Media inquiries: info@oberaconnect.com
Sales inquiries: blake@oberaconnect.com, sales@oberaconnect.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/oberaconnect-expands-partnership-with-city-of-freeport-fl-to-secure-7-year-it-and-cybersecurity-contract-302445986.html

SOURCE OberaConnect

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