The Social Loan Company (TSLC), a Singaporean FinTech start-up, has raised over $25 million to enhance its market presence, manpower and production in Abu Dhabi.
The company said an investor consortium led by Abu Dhabi Global Market-domiciled ARV Investments took part in the funding round.
ARV Investments is a global vehicle under ARI Holding, an Abu Dhabi investment group that has the mandate to invest globally.
International institutional investors, such as Rothschild & Co, also launched a Series B funding round of over $100 million for TSLC.
TSLC CEO & co-founder Deepak Saluja said that his company seeks to enter new markets in Latin America, the Middle East, Sub-Saharan Africa and Asia-Pacific.
Appreciating Rothschild role, he said that they were excited to have such a global institutional investor to their Series B funding round, which would help them enhance innovation, achieve breakthrough growth and fulfil their mission.
TSLC was founded in 2016 and is popular for its ecosystem of Artificial Intelligence-powered, big-data-driven personalised financial solutions. The funding would help boost its digital lending operations and enhance its AI capabilities in targeted markets.
The company has over 8 million digital natives on its platform in India under the brand CASHe. It recently established a presence in the UAE as it plans ‘a mobile-first credit-led platform’ in the Middle East within the next six months. Once launched, the platform will create affordable and personalised credit to middle-income consumers.
Dive into coffee intelligence at The Brew Crew in Dubai
Dubai, UAE – Coffee enthusiasts in Dubai have a new haven for exploring the realm of Coffee Intelligence (CI) at The Brew Crew, a recently opened café located in Dubai Investment Park (DIP) 2. While Artificial Intelligence (AI) grabs headlines, it’s Coffee Intelligence that’s capturing the essence of coffee appreciation for aficionados.
The Brew Crew, welcoming coffee lovers since September 2023, goes beyond simply brewing a good cup of coffee. Founded by Ashjeet Talwar, this coffee haven offers a unique experience of understanding the intricate aspects of coffee, ranging from sourcing and roasting to brewing and pouring.
Importing and roasting a diverse range of specialty coffees from various corners of the world, The Brew Crew boasts over 30 artisanal beverages. Ashjeet, the founder, shared the vision, stating, “We believe in knowledge sharing, and there’s nothing better than a coffee connoisseur immersing themselves in the world of coffee beans.”
The café aims to be a space for both coffee lovers and the coffee-curious. Upon entering, visitors are treated to a complimentary crash course by the in-house baristas. The sprawling 6,650 square feet area is equipped with state-of-the-art facilities, including a temperature and humidity-controlled setup, featuring a Brew Bar, a Roasting Training Campus, and a Green Coffee Storage.
At The Brew Crew, patrons can select coffee beans primarily from Brazil, Ethiopia, and Malawi. Notable recommendations include their Signature Ceremonial Matcha Latte, the Artisan Brew Iced V60, or the Coffee on Tap Nitro Original and Cold Brew.
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For those eager to replicate the experience at home, guests can purchase ethically sourced beans and receive valuable tips from the team on proper storage to maintain the coffee’s flavor. Ghanu, Head of Beverages at The Brew Crew, emphasized their commitment to educating guests on various factors influencing coffee flavors.
In the near future, The Brew Crew plans to partner with delivery platforms across Dubai. However, for now, coffee enthusiasts are invited to dine in and immerse themselves in the vibrant and visually appealing ambiance, adorned with captivating graffiti.
Moreover, The Brew Crew intends to enhance coffee literacy by hosting a series of lectures, talks, and workshops. The aim is to further instill a love for coffee and enrich the coffee culture across Dubai.
Stay tuned for more updates as The Brew Crew redefines the coffee experience in Dubai.
Burj Al Arab hosts enchanting Chopin tribute concert
Dubai, September 9, 2023 – The iconic Burj Al Arab set the stage for an evening of classical elegance as the Al Falak Ballroom played host to a mesmerizing tribute concert celebrating the timeless compositions of the legendary Polish composer and pianist, Frédéric Chopin. Renowned pianist Aldo Dotto took the center stage, weaving a musical narrative that transcended time and touched the hearts of the audience. The event was organised and hosted by CandleLight events by FEVER. CandleLight has also done concerts all around the world’s venues, bringing people together through music and melodies. From classical to pop to jazz, they curate events for all lovers of harmony.
Chopin’s journey, marred by the tumultuous backdrop of war, exile, and artistic evolution, was brought to life through Aldo Dotto’s exquisite rendition of his finest works. As the pianist’s fingers gracefully danced across the keys, the audience was transported to Vienna, where Chopin initially sought refuge, and later to the vibrant artistic hub of Paris, where he found his voice.
The evening’s performance was marked by the delicate balance of fragility and strength that characterized Chopin’s compositions. His music, known for its ability to mimic the human voice and evoke a profound sense of melancholy while maintaining a romantic essence, resonated deeply with the audience. The Nocturnes, often described as “night music,” created an atmosphere of dreamy introspection.
One of the standout pieces of the night was the unusually dramatic “Polonaise,” a Polish dance composition that encapsulated Chopin’s longing for his homeland and the desire to reunite with loved ones. Despite its lively dance nature, the piece was imbued with a poignant and nostalgic undertone, leaving a lasting impact on the listeners.
Each composition performed by Aldo Dotto unfolded as a unique short story, encapsulating the essence of Chopin’s life and creative evolution. The audience was enraptured by the ethereal melodies that seemed to transcend the confines of time, reminding everyone of the enduring power of classical music to stir the soul.
The Burj Al Arab’s Al Falak Ballroom, with its opulent surroundings and acoustically perfect setting, proved to be the ideal backdrop for this enchanting Chopin tribute concert, leaving attendees with memories of a musical journey that will resonate for years to come.
UAE to plant approximately 800,000 mangroves for COP28 visitors
The UAE has unveiled a remarkable eco-initiative ahead of the COP28 conference, set to convene in Expo City Dubai later this year. As approximately 80,000 global delegates prepare to gather for crucial climate discussions, the UAE pledges to plant 10 mangrove trees for every attendee, potentially resulting in the planting of a staggering 800,000 mangrove trees within the nation.
This ambitious commitment aligns with the UAE’s broader mission to plant an impressive 100 million mangrove trees by 2030. Recognized as an essential component of the UAE’s ecosystem, mangroves play a pivotal role in mitigating climate change and preserving biodiversity.
As COP28 beckons, this unwavering commitment to plant mangroves symbolizes a giant leap towards a sustainable future, and aligns seamlessly with the ‘Year of Sustainability,’ ushered in by UAE President HH Sheikh Mohamed bin Zayed Al Nahyan in 2023.
Under the visionary Ghars Al Emarat initiative, innovative techniques like drone-assisted planting will come to life in the final quarter of the year. The strategic focus lies on coastal havens like Marawah Marine Biosphere Reserve, Al Mirfa City, and Jubail Island, providing ideal environments for mangrove proliferation.
But, why mangroves?
Mangroves are some of the most productive coastal ecosystems in the world and have a wealth of economic and ecological resources. In the race against the effects of climate change, trees play a key role in slowing them down as they absorb greenhouse gases.
The 85 per cent of the country’s reserves are also home to much of Abu Dhabi’s biodiverse wildlife, protecting them and neighbouring habitats.
All in all, the UAE’s commitment to planting mangroves for COP28 attendees represents a significant step towards a more sustainable and climate-resilient future, underlining the nation’s dedication to combating climate change.