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Weekly Press Review | UMVA China and Guardtime blockchain-ed together

Auto giant UMVA-China partners with Gaurdtime’s Alethea

UMVA-China, the largest and most comprehensive supply chain service platform for auto industrial supply in China, and Aletheia (Guardtime China) announced a strategic partnership last week. The companies will implement “blockchain-based track and trace functionality for China’s industrial automotive supply chain, providing electronic contracting, end to end transparency for the provenance of automotive parts, accelerated customs processing (ACP), contract compliance and assured customer financing.”

UMVA-China already provides end-to-end supply chain services for Ford, Volkswagen, Mercedes-Benz, Volvo, Toyota, and Chery. The joint-venture seems to be a great entry point for Alethea into an ever-expanding market.

This article was originally published in BCTECH Report. Read the full article here.


A new player enters the game: Taxify

Love them or hate them, e-scooters have been one of the most topical novelties of 2018, with companies like Bird and Lime leading the way. But soon Estonia’s own ride-hailing company, Taxify, will enter the competition with its new brand of e-scooters: Bolt. Taxify not only plan to release these e-scooters in established territory – European and Australian cities – but also in markets in which they have been unable to offer their ride-sharing services, such as Germany and Spain.

This article was originally published in TechCrunch. Read the full article here.


Fortumo’s and Spotify’s novel team up

Fortumo, an international mobile technology company from Tartu, and music giant Spotify have launched direct carrier billing with new telcos through Fortumo’s Payments API. This partnership allows those without credit cards to access preimum mobile features and “gives Spotify full control of the checkout flow and access to advanced features of carrier billing such as token-based authentication, dynamic pricing and an automated refunding process.”

This article was originally published in The Fast Mode. Read the full article here.


Investors pile in to fintech: Monese

Monese, the London and Tallinn based digital bank looking to disrupt the traditional banking sector, raised $60 million from investors. “The latest funding round was led by Swedish investor Kinnevik, and also included investment from PayPal, British Airways owner International Airlines Group and Investec’s INVC Fund.”

This article was originally published in The Telegraph. Read the full article here.


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