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Private Equity

Bundle B.V. – 59460938 – 10032019

Bundle is the simplest way to create a photo book from your smartphone. We are the go-to photo book application for millenials.

Problem
Creating a photo book is still a pain in the ass. It’s time consuming, people get too many options and they have too many photos to choose from (content overload).

Solution
Create high quality photo books 10x faster from your smartphone with Bundle. Instead of spending 5+ hours behind your desk, you spend 5 minutes on your smartphone. We use Artificial Intelligence to help you get the best photos from your phone into a printed book in under 5 minutes. And if you order before 12:00, your order arrives the next day.

Opportunity
50 million millenials in the EU and US with smartphones whose needs are not met by solutions from tradional players. Growing to 80 million in 2020. Bundle is faster, simpler and cheaper than any competitor out there.

Traction
Launched Bundle Books in December. In the first three months (December-February) conversion of 26% from user to customer. Returning customers generate 37% of total revenue. Total of 2.000+ customers. Average 4.5 star rating last 90 days in iOS and Android App Store (150 reviews).

App Store Reviews
Easy app for making awesome photobooks. Cheap but great quality Keep it going guys, thumbs up! – Kevinvanschie
Leuk, makkelijk en niet duur. Heel leuk concept! Werkt erg makkelijk vanaf je telefoon (en evt. ook pc) en is niet duur. Kwaliteit van de boekjes is mooi en ze worden snel bezorgd. Ik zeg downloaden! – Louise Brugmann
Great features! The ability to upload photos together with your friends photos and then make your own album is great. The backup option is useful! Received my order within 24 hours. – Whepper

Uniqueness
Collaborative: users can group photos with friends and family and get access to all the photos of a holiday, festival or their kids.
Intelligent: Artificial Intelligence helps users with detecting new photo books and selecting the best photos to be used.
Simple: We intentionally don’t give users too many editing and customization options to limit drop off in the funnel.

Business Model
Bundle Books range from €9,95 for 48 pages to €18,95 for 96 pages. In the future we will introduce additional print products, a subscription model for power users and a storage solution for the photos users have added to Bundle.

Founding team
Bundle’s founding team is comprised of serial entrepreneurs with extensive start-up and digital experience. Michel op ‘t Landt (34) started multiple companies while at University. After graduating he joined Hyves where he, amongst other things, was responsible for the introduction and growth of Hyves Games to a multi-million euro revenue stream. After leaving Hyves he worked on several interim positions introducing and growing new digital products. Pieter-Pleun Korevaar (29) and Rene Sijnke (27) founded digital agency Kersvers and worked for clients like Yves Rocher, Auto.nl and D66.

Current investors
Bundle is backed by a Startupbootcamp and a team of top-tier angel investors. Including, Hans Veldhuizen, Founder and former CEO, Albelli/Albumprinter (sold to Vistaprint) and Quintin Schevernels, Former CEO, Layar, Former COO, VNU Media.

Investment opportunity
We are raising €250K to enhance our core technology, execute our growth initiatives and further strengthen the Bundle team.

Interested in joining our top-tier investor team? Please click ‘Request access’ for more information. Any questions? Feel free to reach out to us by email or phone (details below).

Kind regards,

Michel op ‘t Landt
Co-founder and CEO
michel@bundleapp.co
+31 624 670 680

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” The Leapfunder Note is a sensible and attractive way to place capital in start-ups in the Netherlands “

” Diversification is important in angel investing. Leapfunder is a platform that allows angels to spread their investments. “

” Leapfunder investing allows you to become actively involved in a start-up, just as in classical angel investing, while taking all the hassle out of transaction execution “

” Leapfunder is ideal for investing smaller amounts in a start-up in the very early stages. Such investments can be a powerful addition to a portfolio “

” With Leapfunder you get a great opportunity to build up a diversified portfolio of start-up investments, often investors can play an active role in developing the company “

” When I saw the Leapfunder proposition I thought straight-away: this is what start-ups need. I am an entrepreneur and wish this system had been available when I started my company. “

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Pieter ter Kuile

Investor

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Wouter Kneepkens

Investor

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Ronald Bazuin

Investor

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Eric van der Maten

Investor

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Eric van Gilst

Investor

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Donald Res

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Source: https://www.leapfunder.com/companies/17

Private Equity

Alternative Investments/AI: European Investors Believe AI Is A “Compelling Opportunity”

Exchange traded fund (ETF) sponsor WisdomTree commissioned a survey by Coredata Research of professional investors across Europe on thematic investing. The survey found that a vast majority of these investors considered artificial intelligence as the most compelling long-term thematic investment opportunity.

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Alternative Investments/AI: European Investors Believe AI Is A “Compelling Opportunity”

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Professional European investors believe the potential of AI is transformative.

Exchange traded fund (ETF) sponsor WisdomTree commissioned a survey by Coredata Research of professional investors across Europe on thematic investing. The survey found that a vast majority of these investors considered artificial intelligence as the most compelling long-term thematic investment opportunity. (INTERNATIONAL INVESTMENT)

Artificial intelligence and thematic investing

According to the survey, more than 70% of European professional investors consider AI as a highly compelling long-term thematic investment opportunity.

The believe that AI can transform industries, services, labour, and consumption. However, the technology is still only in its formative stages of adoption and application.

Other popular themes

The second most popular theme, about 60%, according to the survey, was Biotech. This is understandable because of the race to develop a coronavirus vaccine and accompanying research.

Cyber security, at 47%, was the third most fancied thematic investing option. It was triggered by the seemingly overnight transition to remote and home working as a result of the virus. Cyber security has suddenly assumed critical importance given the vast numbers of people working from home and outside the usually secure environment provided by the office technology and network.

Professional European investors also favored cloud computing.

Thematic investing earned solid returns during the pandemic

Ravi Azad, head of UK and Nordics, WisdomTree said: “Our research points to the growing popularity of thematic investing, which has benefitted from strong returns during the coronavirus pandemic. While AI, biotech and cyber security present compelling long-term opportunities, cloud computing has had a strong year as organisations have transitioned to the cloud quicker than experts anticipated. Once seen as a fad, thematics are becoming important building blocks in portfolio construction due to their long-term growth potential”.

Related Story:    A Big Fundraise, And An Acquisition, In Cybersecurity                                              

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Source: https://dailyalts.com/european-investors-believe-ai-is-a-compelling-opportunity/

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Private Equity

FinTech: Western Union Acquires 15% Of Saudi Fintech stc pay For $200M

Western Union (NYSE: WU) has taken a 15% stake in stc pay for $200 million, valuing the Saudi fintech at $1.3 billion. Western Union is the world’s largest remittance company, while stc pay is a fully owned subsidiary of Saudi Arabia’s stc Group.

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FinTech: Western Union Acquires 15% Of Saudi Fintech stc pay For $200M

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stc pay becomes the first Saudi unicorn and first fintech unicorn in the Middle East.

Western Union (NYSE: WU) has taken a 15% stake in stc pay for $200 million, valuing the Saudi fintech at $1.3 billion. Western Union is the world’s largest remittance company. stc pay is a 100% subsidiary of Saudi Arabia’s stc Group. (Arab News)

Western Union will initially pay $133.3 million to acquire a 10% stake in the Saudi fintech. It will acquire another 5% for $66.67 million if stc pay obtains a digital banking license.

stc pay

stc pay is the first fintech company in the Kingdom to receive a license from the Saudi Arabian Monetary Authority (SAMA).

It is also the largest digital wallet in the MENA region with more than 4.5 million users.

It has been established in accordance with the objectives of Saudi VISION 2030. Those are to support the growth of the national economy, to enhance financial inclusion, and reduce dependence on cash.

First unicorn in Saudi Arabia and first fintech unicorn in the Middle East

HRH Prince Mohammed bin Khalid Abdullah Al Faisal Chairman of stc Group, said the decision by Western Union to make such a significant Foreign Direct Investment in its fintech subsidiary was highly encouraging.

“For us at stc Group it reflects our position as a digital enabler and an ICT regional champion as we celebrate the creation of the first Saudi unicorn and the first fintech unicorn in the Middle East,” he added.

“stc pay has rapidly developed a leading regional digital payments service over the past two years and has been a highly successful digital partnership for Western Union,” said Hikmet Ersek, CEO and President, Western Union. “Looking forward, we believe stc pay is well-positioned for continued expansion in digital payments.”

Use of funds

stc pay will use funds to boost its capital resources and to fund its plans for long-term expansion.

The Saudi fintech also intends to launch more products for its customers.

In July this year, stc pay and Visa (NYSE: V), the world’s leader in digital payments, entered into a strategic partnership. They would launch customer-centric financial services and digital payment solutions to stc pay customers.

Related Story: Saudi Fintech Geidea Launches Beta Testing of End-to-End Solutions for SMEs

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Source: https://dailyalts.com/western-union-acquires-15-of-saudi-fintech-stc-pay/

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Private Equity

European insurers gear up to do deals

A tough period during the pandemic is prompting restructuring and sales, including a number of private equity-backed transactions

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European insurers have weathered the crucible of the coronavirus pandemic and are ready to do some deals.

Last week a Canadian and Danish insurance consortium agreed to buy the UK’s RSA Insurance Group for £7.2bn. And on Friday, 20 November, Zurich Insurance Group said it is in talks to acquire MetLife’s US property and casualty insurance business.

The RSA deal, which pushed up the share prices of some insurance stocks when the proposal was announced on 5 November, portends further mergers and acquisitions, industry participants say.

That is because the pandemic forced insurers of all stripes to take a hard look at their businesses as losses from claims piled up, bringing weaknesses into sharp relief. Some are recognizing the need for scale to cement profitability, while others are pruning units where they can’t make enough money to compete. Bankers say more deals are brewing.

Another factor that could ignite a shopping spree: the regulatory environment. The European Insurance and Occupational Pensions Authority in April urged the industry to temporarily suspend dividends and share buybacks. As a result, cash has accumulated on some companies’ balance sheets, which dilutes return on equity and is feeding the need to seek combinations.

Insurers’ share prices reflect a tough year littered with losses related to Covid-19 and the continuing impact of low interest rates on their investment portfolios.

The Euro Stoxx Insurance Index is down 15% this year, lagging behind the broad Euro Stoxx 600 stock-market index, which is down 6%. Lloyd’s of London, the UK insurance and reinsurance market, said in September it expects to pay out up to £5bn, in coronavirus-related claims this year.

Some insurers reason the larger they are, the better. “The RSA deal shows the importance of having scale to drive profitability for the sector,” said Tryfonas Spyrou, an insurance analyst at Berenberg. Large insurers can operate in multiple markets, negotiate better pricing with suppliers and have access to more data, which allows better pricing of risks, he said.

Consolidation has been happening in the US as well.

Insurance giant Allstate in July agreed to acquire rival National General Holdings for about $4bn in cash, though discussions began before the crisis.

Private equity firm KKR the same month said it would buy retirement and life-insurance company Global Atlantic Financial Group for more than $4.4bn.

Italian insurer Assicurazioni Generali SpA last week said it has up to €2.5bn, to spend on “acquisitions that are fully aligned to our clear strategic priorities.” The insurer in June took a 24% stake in an Italian insurance company backed by Berkshire Hathaway that had been told by Italian regulators to boost its capital.

UK-based insurer Aviva has been trying to sell its operations in France, according to people familiar with the matter. A spokesperson declined to comment on a potential sale and pointed to previous statements by the company that it would focus on its businesses in the UK, Ireland and Canada, and that it was in the early stages of developing its strategy for its continental European business.

Dutch insurer Aegon NV in August said it would review the more than 20 countries in which it operates and concentrate on countries and business lines where it could create the most value.

Belgian insurer Ageas NV in recent months has increased its stake in its joint ventures, and recently said it has €700m to €800m in cash.

Some insurers are operating warily. Giulio Terzariol, German insurer Allianz SE’s chief financial officer, said earlier this month that if buybacks aren’t permitted in 2021, the insurer would look at deploying capital. But he said the company wouldn’t buy “suboptimal assets” for fear of regretting it for the next 10 years.

—Ben Dummett contributed to this article.

Write to Julie Steinberg at julie.steinberg@wsj.com

From The Wall Street Journal

Source: https://www.penews.com/articles/european-insurers-gear-up-to-do-deals-20201123

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