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Stock impact report

Oriente raises $50 million to continue building its infrastructure for digital financial services [TechCrunch Blog]

Uber Technologies, Inc. (UBER) 
Last uber technologies, inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: TechCrunch Blog
OrienteLaunched in 2017 by Geoff Prentice, one of Skype’s co-founders, Hubert Tai and Lawrence Chu,It will also be used to continue building Oriente’s technology, which uses big data analytics to help merchants increase sales conversions and lower risk. Oriente has now raised over $160 million in equity and debt, including a$105 million roundWhile many large tech companies, including Grab, Google, Facebook, Amazon, Uber, Apple and Samsung, are looking at digital payments and other online financial services, they need the tech infrastructure to do so, and partners that can also help them handle regulations in different markets.Oriente doesn’t compete with payment providers. Instead, it is “innovating credit as a service,” Prentice told TechCrunch, by building technology that allows offline and online merchants to launch digital credit solutions quickly.Oriente “is the only company that is focusing on building an end-to-end digital financial services infrastructure,” he added, with serv Show less Read more
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