TechCrunch

Robinhood Markets is testing new crypto wallet and cryptocurrency transfer features for its app which would allow customers to send and receive digital currencies such as bitcoin, Bloomberg News reported on Monday.

A beta version of its iPhone app showed the company’s work on such features, the report said.

There was also a hidden image showing a waitlist page for users signing up for a crypto wallet feature, the report added.

A spokesperson for Robinhood declined to comment.

The company’s retail shareholders have long waited for a crypto wallet. A day before the brokerage announced its first quarterly results last month, the top question on Say, a platform that lets companies crowdsource questions from retail investors, was whether the brokerage was getting such a wallet.

The trading app operator has bet big on the retail investor interest in the digital currency space. Earlier this month, the company said it would roll out crypto recurring investments, allowing users to buy digital coins commission-free and with as little as $1 on a schedule of their choice.

The post Robinhood testing crypto wallet, cryptocurrency transfer features appeared first on ARY NEWS.

French artificial heartmaker Carmat announced on Tuesday that it had carried out the first implant of its Aeson artificial heart in a woman.

The company said the procedure had been performed at the UofL Health – Jewish Hospital by University of Louisville physicians in the United States.

“This third implant in the U.S. was a landmark event not only because it allowed us to finalize the enrollment of the first cohort of patients of the EFS (early feasibility study), but very importantly because it is the first time ever that our device has helped a woman suffering from heart failure,” Carmat CEO Stephane Piat said in a statement.

The artificial heart-Aeson- is composed of 3 parts:

One motor pump group composed of 2 micro pumps that push the actuator fluid to the membranes and generate the systole and diastole.

2 ventricles chambers, separated into two parts by a membrane, one for the blood and one for the actuator fluid. The blood-contacting layer of this membrane is made of biocompatible materials.

Embedded electronics, microprocessors and integrated sensors allowing autoregulated responses to the patient physiological needs.

One flexible external bag contained the actuator fluid.

4 biological valves at the inlet and outlet providing unidirectional pulsatile blood flow.

2 outlet conduits allowing to connect the prosthesis to the pulmonary artery and aorta.

One percutaneous driveline connecting the prosthesis to external components.

External equipment: It provides the mobility and autonomy needed to lead a near-normal life. It weighs 4 kg and includes a controller and two battery pockets providing an autonomy of approximately 4 hours.

The hospital care console: The medical team uses the hospital care console (HCC) to operate the prosthesis during implantation and track/monitor how the device is functioning.

The post French company announces first implant of its artificial heart in a woman appeared first on ARY NEWS.

It has been revealed that the Facebook-owned messaging app, WhatsApp, is removing a feature that it designed into the chats about a year ago using which you could conduct a chat room.

According to a WABetaInfo report, WhatsApp has removed the Messenger Rooms shortcut from the chat share sheet for both WhatsApp iOS and Android versions.

This shortcut was introduced in May 2020 to allow users to create a group of about 50 participants on Facebook Messenger.

WhatsApp removes the Messenger Rooms shortcut!

WhatsApp is finally deleting that useless option from the chat share sheet, for specific users!https://t.co/uTocwPQnzh

— WABetaInfo (@WABetaInfo) September 19, 2021

WhatsApp is finally deleting that useless option from the chate share sheet, the WABetaInfo said in a tweet.

With the removal of the Messenger Rooms shortcut on the in-chat menu, users will now see the Document, Camera, Gallery, Audio, Location and Contact shortcuts in the share option. Thus everything will remain the same barring the Messenger Rooms option.

Meanwhile, WhatsApp recently introduced a new feature on the latest iOS beta version, that will allow them to quickly change the group icon or display picture by picking an emoji or a sticker – which can come in handy when creating a temporary group, for example, planning a birthday party or an event.

image Credit: Cartona

Year-old startup Capiter announced last week that it raised a $33 million Series A to digitize Egypt’s traditional offline retail market.

It’s looking to take a large pie in the budding e-commerce and retail play, where multiple startups are pulling their weight including Cartona, also a year-old startup out of Egypt.

Today, Cartona is announcing that it has raised a $4.5 million pre-Series A funding round to connect retailers and manufacturers via an application.

The company confirmed that Dubai-based venture capital firm Global Ventures led the round, with Pan-African firm Kepple Africa, T5 Capital and angel investors also participating.

Cairo-based Cartona, founded in August 2020, focuses on solving the supply-chain and operational challenges of players in the fast-moving consumer goods (FMCG) industry by helping buyers access products from sellers on a single platform.

Buyers, in this case, are retailers, while sellers are FMCG companies, distributors and wholesalers.

The problem retailers in Egypt and most of Africa face mainly revolves around limited access to suppliers. There are also issues around transparency in market prices, which are dependent on traditional logistical capabilities.

For suppliers, the lack of data and inability to make data-backed decisions to improve margins and aid growth add up to unoptimized warehouses. 

“The trade market is completely inefficient and it’s not good for the supplier nor the manufacturers, and it’s definitely not good for retailers,” CEO Mahmoud Talaat told TechCrunch in an interview. “So we came up with the idea of Cartona, which is basically a fully light-asset model that connects manufacturers and wholesalers to retailers.”

Talaat founded the company alongside Mahmoud Abdel-Fattah. Before Cartona, Abdel-Fattah founded Speakol, a MENA-focused adtech platform serving 60 million monthly users, while Talaat was the chief commercial officer of agriculture company Lamar Egypt.

Cartona works as an asset-light marketplace. On the platform, grocery retailers can get orders from a curated network of sellers. The company says this way, it can provide visibility through real-time price comparisons and clarity on delivery times.

Also, FMCGs and suppliers can optimize their go-to-market execution through the use of data and analytics. Cartona tops it off by providing embedded finance and access to credit to retailers and suppliers.

Cartona makes money through all these processes. It takes a commission on orders made, charges suppliers for running advertising to merchants (since they compete for the latter’s attention), and provides market insights on buyer behavior, price competition and market share.

“It is time to capitalize on technology beyond warehouses and trucks. Data and technology will transform traditional retail to a digitally native one, which in return will drastically improve the supply chain efficiency,” Abdel-Fattah said about how the company sells information to retailers and suppliers.

Cartona has over 30,000 merchants on its platform. Together, they have processed more than 400,000 orders with an annualized gross merchandise value of EGP 1 billion (~$64 million). Cartona also works with more than 1,000 distributors, wholesalers and 100 FMCG companies, offering consumers more than 10,000 products, including dry, fresh and frozen food.

The company’s business and revenue model is similar to other companies in this space, but the main difference lies in whether they own assets or not.

Taking a look at the players in Egypt, for instance, MaxAB operates its warehouses and fleets; Capiter uses a hybrid model in which it rents these assets and owns inventory when dealing with high-turnover products. But Cartona solely manages an asset-light model.

The CEO tells me that he thinks this model works best for all the stakeholders involved in the retail market. He argues that not owning assets and leasing the ones on the ground shows that the company is trying to improve the operations of existing suppliers and merchants instead of displacing them.

“I believe that the infrastructure already exists. We already have many warehouses, many small and medium-sized entrepreneurs, and wholesalers and distributors and companies that have a lot of assets. If you want to fix the problem, we think one should enable the people who are strategically located in small streets all over Egypt and have the infrastructure but don’t have the technology needed to optimize their warehouses and carts.”

The current margins for suppliers with warehouses are slim, and Cartona provides the technology — an inventory and ordering system — to provide efficiency in its supply chain.

The general partner at lead investor Global Ventures, Basil Moftah, said in a statement that Cartona’s technology and not owning inventory proved critical in the firm’s decision to back the company.

“The trade market is one of the most sophisticated, yet [it is] characterized by multiple critical inefficiencies across the value chain,” he said. “Cartona’s asset-light approach tackles those inefficiencies by optimizing the trade process in unique ways and does so with minimal capital spent.”

Proceeds of the investment focus on improving this technology, Talaat said. In addition, Cartona is expanding its team and operations beyond two cities in Egypt — Cairo and Alexandria — to other parts.

A longer-term plan might include horizontal and vertical product expansion into pharmaceuticals, electronics and fashion.