Day: November 11, 2024

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11x Raises a $50 Million Series B Led by Andreessen Horowitz to Accelerate the Era of Digital Workers

11x San Francisco Team
Series B Funding Announcement

11x Team in their new HQ office.

SAN FRANCISCO, Nov. 11, 2024 (GLOBE NEWSWIRE) — 11x, the leader in AI-powered digital workers for revenue teams, today announced the closing of a $50 million Series B funding round led by Andreessen Horowitz. The investment accelerates 11x’s digital workers further into the era of AI agents.

Series B Funding Announcement

11x Official Series B Funding Announcement.

“11x’s approach to sales automation with Alice and Jordan isn’t just about optimizing workflows. It’s about creating a new model for how work gets done,” said Joe Schmidt, Partner at Andreessen Horowitz. “We’re proud to support 11x as they reshape what’s possible in sales.”

The End of Software

Sales teams are buried under an avalanche of tools, with over half now aiming to reduce their tech stacks according to Salesforce’s latest State of Sales report. Only 30% of sales reps’ time is spent selling, with 70% lost to non-selling tasks like data entry and system management. 11x addresses this imbalance with digital workers that autonomously handle the workflows of traditional revenue teams.

Digital Workers, Not Software

The company’s first two digital workers have demonstrated remarkable results:

  • Alice, the world’s first AI SDR, manages campaigns, sources leads, and personalizes outreach, driving response rates 3x higher than traditional SDRs.
  • Jordan, a 24/7 multilingual phone rep, handles calls in over 30 languages, delivering up to 10x faster lead response times.

Now 11x has doubled down on delivering truly autonomous outcomes for customers by developing an entirely new version of Alice using the latest agentic AI research: Alice 2.0.

Alice 2.0 is fully autonomous, leverages first-party data, and learns from every interaction to improve over time.

Strategic Growth and Future Plans

Following a significant team expansion in the US after their Series A this September, 11x has acquired Opkit, an AI startup focused on developing healthcare solutions. Opkit co-founders Sherwood Callaway and Justin Ko will lead development on Alice 2.0 with product leader Keith Fearon, joining forces with 11x CTO Prabhav Jain.

In the next year, 11x plans to launch multiple new AI agents while driving aggressive revenue growth and key hiring initiatives in San Francisco.

“We’re seeking bold innovators ready to shape the future of AI,” explained CEO and Founder Hasan Sukkar. “Each new digital worker will replace the work of 11 full-time employees, managing an even broader range of GTM tasks from lead management to pipeline analytics.”

About 11x

11x is redefining work by replacing software with autonomous digital workers that automate Go-to-Market (GTM) workflows, helping organizations increase efficiency and cut costs. 11x specializes in automating roles across GTM teams, including Sales, Marketing, and Revenue Operations.

The company is backed by Andreessen Horowitz, Benchmark, Quiet Capital, SV Angel, Abstract Ventures, Lux Capital, Operator Partners, Visionaries, Activant, 20VC, 20Growth, 20Sales, and industry pioneers such as Amjad Masad (CEO of Replit), Aaron Levie (CEO of Box), and Suhail Doshi (Founder of Playground).

Media Contacts:
Keith Fearon – Head of Growth & Alice Product @ 11x
Email: keith@11x.ai

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/524ca0ec-5198-4406-a2f9-9cee8f3a1403

https://www.globenewswire.com/NewsRoom/AttachmentNg/be6218c4-8782-4215-b4a9-8865a5e7e543

GlobeNewswire Distribution ID 9271187

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Walee Financial Services’ Hakeem Wins Singapore FinTech Festival Excellence Award for Emerging Fintech Products

Historic Win for Pakistan’s Fintech Sector as Hakeem’s Pioneering Islamic Nano-Financing Solution Garners Global Recognition

Hakeem wins big for Pakistan @ SFF 24

Noshad Minhas, CEO WFS and Khushba Hayat, Partner Investments receive the Emerging Fintech Award at the Singapore Fintech Festival 2024

SINGAPORE, Nov. 11, 2024 (GLOBE NEWSWIRE) — Walee Financial Services proudly announces that its groundbreaking fintech product, Hakeem, has won the Emerging FinTech Award at the 2024 Singapore FinTech Festival (SFF) Excellence Awards. Presented by the Monetary Authority of Singapore (MAS) in collaboration with PwC Singapore and the Singapore FinTech Association (SFA), this honor spotlights Hakeem as a transformative force for financial inclusion through its innovative, ethical approach to nano-financing.

As Pakistan’s only representative among a distinguished pool of global finalists, Hakeem’s recognition is a milestone for the country’s fintech industry and underscores its potential on the global stage. Hakeem is the world’s first Shariah-compliant nano-financing app, uniquely designed to empower underserved communities with ethical, accessible financial solutions. Built on a Shariah-compliant trading model, Hakeem provides individuals with financial opportunities that respect their values, establishing a pathway to financial empowerment that is both inclusive and responsible.

“Winning the Emerging FinTech Award at the Singapore FinTech Festival is a proud achievement for Walee Financial Services and for Pakistan,” said Noshad Minhas, CEO of Walee Financial Services. “This award affirms our mission to provide impactful, Shariah-compliant financial solutions that promote financial empowerment and inclusion,” said Waqas Ramzan who is Head of Operations at Hakeem. “Hakeem is more than a product—it’s our promise to build financial independence and dignity for those that need it most,” added Khushba Hayat who is Partner, Investments at Walee Financial Services.

Link to MAS’ finalists announcement for SFF Excellence Awards: https://www.mas.gov.sg/news/media-releases/2024/mas-announces-finalists-for-the-2024-global-fintech-hackcelerator-and-fintech-excellence-awards

About Walee Group

Walee Financial Services is a subsidiary of Walee Technologies, it is a licensed Non-Banking Financial Company (Investment Finance Services) fintech offering innovative financial solutions with a focus on Islamic finance. Through its digital Islamic nano-financing products, Walee Financial Services aims to provide accessible and ethical financial support to individuals and small businesses. By leveraging advanced technology and aligning with Islamic principles, Walee Financial Services empowers communities, promotes financial inclusion, and contributes to sustainable economic development in Pakistan.

Download the Hakeem App:

Android:
Google Play Store

iOS:
Apple App Store

For press inquiries, contact:
press@hakeem.tech

For further information about Walee and its financial services, please visit www.hakeem.tech.

PR Image

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ac4753b4-d71d-44d6-8479-d925b199ed23

GlobeNewswire Distribution ID 9270901

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Morocco beckons: Unlock the lucrative potential of Africa’s rising tourism star at the Morocco Showcase Summit

CASABLANCA, MOROCCO – EQS Newswire – 11 November 2024 – The inaugural Morocco Showcase Summit: Tourism, Hospitality, Invest will take place Nov. 19-20 at the Marriott Hotel in Casablanca, emphasising how Morocco creates a compelling opportunity for Arabian investors to diversify their portfolios and capitalise on the country’s booming hospitality market.

The bilingual English and French summit, a collaboration of Société Marocaine d’Ingénierie Touristique (SMIT) and API Events, will spotlight Morocco’s vast potential as an investment destination for hotel brands and hospitality investors.

“Morocco’s unique blend of traditional charm and contemporary infrastructure makes it an ideal destination for Arabian investment in the tourism and hospitality sectors,” said Omar Benkabbou, Head of Advisory & Transaction Morocco, CBRE.

SMIT’s initiatives and the Morocco Showcase Summit are of specific interest to investment from Gulf countries and other Arabian nations. Morocco has always attracted tourists from the Arabian Peninsula and has been an equally appealing proposition among Arabian investors due to a unique mix of factors, including geographic proximity, cultural ties, and economic potential across tourism, real estate, agriculture, and renewable energy.

The added momentum from major events like the 2030 FIFA World Cup only amplifies Morocco’s appeal, drawing visitors from around the world, fuelling the demand for top-notch hospitality services, and attracting visionaries and shrewd investors.

As the opportunity increases, this pivotal gathering will explore the growing and diverse investment opportunities in the country’s hospitality sector. The summit will bring together international investors, developers, financiers, and hospitality leaders to showcase Morocco’s innovative funding programmes, investment incentives, and strategic infrastructure opportunities for growing tourism.

“The summit will provide a tailored investment environment for Gulf countries, focusing on culturally resonant sectors, highlighting mutually beneficial economic opportunities, and underscoring Morocco’s position as a strategic trade and tourism hub,” said Erwan Garnier, Senior Director of Development, Africa, Radisson Hotels.

SMIT’s targeted approach to attracting and incentivising hospitality investment aligns with the strategic interests, economic goals, renewable energy, agri-tech opportunities and cultural ties shared between Morocco and the Arabian region. Further, the summit will highlight the opportunities for hotel brands and investors to establish themselves in Morocco’s thriving hospitality market with immense potential.

The Morocco Showcase Summit will provide a dealmaking platform for attendees to learn about the country’s investment opportunities, network with key stakeholders, and gain insights from industry experts. For more information about the conference, to download the agenda and to register, please visit  https://apo-opa.co/4hHUtdp

NOTE TO INVESTORS: Contact Murray at murray@apievents.com to secure your complimentary seat at the Morocco Showcase Summit.

Download image (1): https://apo-opa.co/3UHBaag

Download image (2): https://apo-opa.co/4fC5yeq

Morocco Showcase Summit enquiries:  

Murray Anderson-Ogle

Director – API Events
Murray@apievents.com

+27 71 890 77 39

Website: www.APIEvents.com

 

 

 

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Dubai Philanthropist Anosh Ahmed Provides £10 Million of Essential Food Aid to Support Lebanon’s Vulnerable Communities

DUBAI, United Arab Emirates, Nov. 11, 2024 (GLOBE NEWSWIRE) — Dubai Billionaire and founder of PFOAA Anosh Ahmed and its foundation announces today that it is donating ten millions of pounds of essential food to Lebanon.

Anosh Ahmed

Dr. Anosh Ahmed

“In times of hardship and recovery, no one should face hunger alone. As Lebanon heals from the recent conflict, we are standing with the most vulnerable—children and women—who have been impacted the most. This donation is a step toward bringing nourishment, hope, and dignity to those in need. Together, we can help restore not just meals, but a sense of comfort and compassion in the lives of those who need it most. May this support bring warmth and strength to those rebuilding their lives.” – Anosh Ahmed

About Anosh Ahmed
Anosh Ahmed’s remarkable rise from a modest $4,000 investment to a billionaire agripreneur demonstrates how ambition, innovation, technology, and sustainability can transform the agricultural sector. His journey is a testament to perseverance, bold risk-taking, and a vision that sees agriculture not just as a means of survival, but as a pathway to immense wealth and profound social impact. Today, Anosh is recognized as one of the largest leaseholders of agricultural land across Asia, Africa, and the Middle East.

Growing up in a farming family, Anosh was no stranger to the challenges faced by small-scale farmers—low yields, volatile markets, and unpredictable weather. Driven by a desire to change this reality, he leased 100 acres of land from the government on a 39-year agreement at just 18 years old. With a starting capital of $4,000, Anosh navigated the complexities of agriculture, integrating sustainable practices, innovative technologies, and efficient production methods. Over 22 years, his agribusiness has grown to a valuation of $1.8 billion, managing over 50 billion square feet of land and generating diversified revenue streams from farming, processed goods, agri-tech ventures, and long-term real estate leases.

Anosh remains committed to his roots. He established a foundation that provides small-scale farmers with training, technology, and financial support, alongside creating a network of farmer cooperatives to ensure fair pricing and global market access. His legacy has inspired a new generation of farmers to embrace sustainable, modern agriculture. Through workshops, documentaries, and his forthcoming autobiography, From Soil to Success, Anosh continues to share his knowledge and passion, making him a beacon of hope and transformation in the agricultural sector.

Contact-
Private Family Office
Anosh Ahmed Dubai
Grace D’Souza
Public Relations-
info@pfoaa.com

Private Family Office
Anosh Ahmed Dubai
Grace D’Souza
Public Relations-
info@pfoaa.com

GlobeNewswire Distribution ID 9270795

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EBC Financial Group Registers Trademark in Chile, Strengthening Its Latin American Footprint

SANTIAGO, Chile, Nov. 10, 2024 (GLOBE NEWSWIRE) — EBC Financial Group (EBC) is proud to announce the successful registration of its trademark in Chile, a milestone that strengthens EBC’s footprint in Latin America and reinforces its commitment to responsible market expansion and investor protection. This strategic move reflects EBC’s dedication to upholding brand integrity and establishing a trusted presence in one of South America’s most dynamic financial markets.

EBC Financial Group’s official trademark registration in Chile
EBC Financial Group's official trademark registration in Chile, symbolising its dedication to brand integrity in Latin America.

Securing its trademark in Chile, EBC Financial Group fortifies its brand presence and investor protection efforts in Latin America.

Expanding EBC’s Influence in Latin America

Chile’s rapidly growing foreign exchange market, and its recent regulatory enhancements make it a significant region for EBC’s expansion. The Financial Market Commission (CMF), Chile’s primary regulatory authority, has introduced stricter guidelines for market conduct, reshaping the country’s financial ecosystem to deter financial misconduct and enhance accountability. With increasing investor protections and transparency standards, Chile has become a hub for responsible financial trading.

EBC’s trademark registration serves as a pivotal measure to protect its intellectual property within a rapidly evolving market. With Chile working to enforce higher standards of financial integrity and establish itself as a model for regulation in the region, EBC’s efforts to secure its brand presence align with broader industry expectations for operational transparency and IP protection in Latin America.

The establishment of this trademark protection in Chile represents an anchor for EBC’s ongoing expansion across the region, where regulatory bodies are progressively focused on enhancing market security. As EBC builds its footprint, this formal brand recognition not only shields against infringement in Chile but supports the company’s aim to responsibly serve LATAM clients. This foundation supports EBC’s broader strategy, as the company is actively securing similar protections across other Latin American countries. These steps ensure EBC will continue to be a recognised, trustworthy presence as the financial regulatory landscape in the region matures.

Empowering LATAM Investors Through Financial Education and Practical Training
EBC’s commitment to supporting Latin American investors goes beyond securing legal protections. Recently, EBC hosted a trading seminar series across key LATAM markets, including Colombia, Mexico, Chile, and Argentina, aiming to equip both new and experienced investors with advanced trading knowledge and strategic insights. At these seminars, EBC’s seasoned traders shared critical guidance on topics such as fundamental and technical analysis, trading psychology, and effective strategy implementation—alongside live demonstrations of EBC’s platform and tools to enhance trading decision-making.

This initiative aligns with EBC’s broader goal to foster a global network that connects traders with industry experts, providing them with systematic financial education to navigate complex markets confidently. EBC’s focus on trading mastery reflects its dedication to building a community where investors have access to the resources and tools needed to realise their potential in a structured, supportive environment.

Global Partnerships and Educational Initiatives
Beyond its Latin American expansion, EBC Financial Group is fostering global engagement through strategic partnerships and educational outreach. In partnership with the University of Oxford’s Department of Economics, EBC is continuing to sponsor the institution’s “What Economists Really Do” series, which showcases how economics can offer solutions to some of the world’s most pressing challenges. With an upcoming episode on Macroeconomics & Climate slated to happen on 14 November 2024 at Christ Church College, Oxford, EBC is committed to supporting initiatives that drive community engagement and societal transformation, bridging information gaps through public education to foster sustainable, knowledge-driven societies.

EBC also serves as the Official Foreign Exchange Partner of FC Barcelona. This 3.5-year partnership, launched in April 2024, extends across Asia Pacific, Latin America, the Middle East, and Africa, aligning EBC’s commitment to transparency and investor protection with FC Barcelona’s values of respect, ambition, and community impact.

EBC’s presence on the LaLiga stage has provided significant visibility during high-profile matches in markets such as Greater China, connecting the brand with diverse audiences across key global regions. This exposure strengthens EBC’s visibility within the sports community, highlighting its commitment to bridging the world of finance and sports. By aligning with a globally recognised club like FC Barcelona, EBC reinforces its presence among new audiences and supports its mission to connect with fans and traders worldwide.

Growing A Global Brand Across Developed and Emerging Markets
With its trademark now registered in Chile, EBC Financial Group is poised for further global expansion, remaining steadfast in its mission to provide reliable, efficient, and competitive financial services. To date, EBC Financial Group has secured trademark registrations in multiple key markets including Hong Kong, Taiwan, UK, Indonesia, Malaysia, India, Japan, Singapore, Chile, and Peru. This achievement in Latin America strengthens EBC’s global brand presence, ensuring clients worldwide benefit from the highest standards of financial integrity.

For more information on EBC, please visit: https://www.ebc.com.

About EBC Financial Group
Founded in the esteemed financial district of London, EBC Financial Group (EBC) is renowned for its comprehensive suite of services that includes financial brokerage, asset management, and comprehensive investment solutions. EBC has quickly established its position as a global brokerage firm, with an extensive presence in key financial hubs such as London, Hong Kong, Tokyo, Singapore, Sydney, the Cayman Islands, and across emerging markets in Latin America, Southeast Asia, Africa, and India. EBC caters to a diverse clientele of retail, professional, and institutional investors worldwide.

Recognised by multiple awards, EBC prides itself on adhering to leading levels of ethical standards and international regulation. EBC Financial Group’s subsidiaries are regulated and licensed in their local jurisdictions. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA), EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA), EBC Financial Group (Australia) Pty Ltd, and EBC Asset Management Pty Ltd are regulated by Australia’s Securities and Investments Commission (ASIC).

At the core of EBC Group are seasoned professionals with over 30 years of profound experience in major financial institutions, having adeptly navigated through significant economic cycles from the Plaza Accord to the 2015 Swiss franc crisis. EBC champions a culture where integrity, respect, and client asset security are paramount, ensuring that every investor engagement is treated with the utmost seriousness it deserves.

EBC is the Official Foreign Exchange Partner of FC Barcelona, offering specialised services in regions such as Asia, LATAM, the Middle East, Africa, and Oceania. EBC is also a partner of United to Beat Malaria, a campaign of the United Nations Foundation, aiming to improve global health outcomes. Starting February 2024, EBC supports the ‘What Economists Really Do’ public engagement series by Oxford University’s Department of Economics, demystifying economics, and its application to major societal challenges to enhance public understanding and dialogue.

https://www.ebc.com/

Media Contact:

Alya Amani
Global PR Executive (LATAM)
alya.amani@ebc.com

Savitha Ravindran
Global Public Relations Manager (EMEA, LATAM)
savitha.ravindran@ebc.com

Chyna Elvina
Global Public Relations Manager (APAC, LATAM)
chyna.elvina@ebc.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4a013f3a-81b0-4cef-a4d3-e401bd001137

GlobeNewswire Distribution ID 9270857

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Gusty Winds and Rain Expected in Several Saudi Regions on Monday.

Riyadh: Weather Forecast for Monday indicates that gusty winds are expected to blow and rain may fall in parts of Jazan, Aseer, Al-Baha, Makkah, Al-Jouf, and the Northern Borders. Additionally, fog formation is anticipated in these regions, as well as in parts of Madinah, Hail, Tabuk, and the Eastern Region. According to Saudi Press Agency, over the Red Sea, winds will be northerly to northwesterly at speeds of 15-40 km/h in the northern and central parts, while the southern part will experience southerly to southeasterly winds at speeds of 12-60 km/h. Wave heights may range from one to more than two meters, with the sea conditions varying from calm to choppy. In the Arabian Gulf, the forecast predicts northwesterly to northerly winds reaching 10-30 km/h in the northern part and southeasterly to southwesterly winds at 8-18 km/h in the southern part. Waves are expected to range from half a meter to a meter, with the sea remaining relatively calm.

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