Maersk ventures into trade finance

To make overseas exports easier for Indian companies, especially SMEs, Denmark-based AP Moller – Maersk, one of the largest container shipping companies globally, has set up a new business vertical, Maersk Trade Finance. In a nutshell, Maersk Trade Finance is a digital platform with pre-shipment and post shipment credit facilities. It enables exporters – manufacturers or traders – to not only get the cargo shipping services online but also apply for funds that can be used either to pay for the shipment or to invest in new orders. Pilot countries…

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Alphabet Loses Google Ventures Founder Bill Maris, But ‘Everything Is Great’

Bill Maris, the founder and CEO of Alphabet’s GV (formerly known as Google Ventures), is leaving the company. GV is the venture capital investment arm of Alphabet, which was founded in 2009. GV has made investments in many companies such as ride-hailing service Uber, health food company Impossible Foods, discount online retailer Jet.com, which was recentlyacquired by Walmart for $3.3 billion, and more. During an interview with Recode, Maris revealed that he had spent about eight years in GV and he is leaving to spend time with his family. “I have…

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