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CredAvenue sets up technology development centre in Bengaluru

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3 years ago

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CredAvenue sets up technology development centre in Bengaluru

Debt platform CredAvenue stated that it has set up a new technology development center in Bangalore. The center mainly meets the company’s technical needs, and will have 200 employees by the 2022-23 fiscal year, accounting for nearly 30% of CredAvenue’s overall strength in India. The key areas of recruitment within the technical team include engineering, product, design, data science, and data engineering. The company has offices in Chennai, Mumbai and Delhi with a total of 345 employees.

The Bangalore Center will accommodate the marketing, mobile engineering, lending and user platform teams in the short-term content. “CredAvenue is the first of its kind in the world’s debt platforms. Our platform currently serves more than 1,000 issuers and 200 investors, and has so far achieved USD 8 billion in debt flows. Our goal is to create an unparalleled , Scalable, and category creator technology platform. As we move forward to achieve our goals, the Bangalore office will become the nerve center of CredAvenue’s technical work,” said Gaurav Kumar, CredAvenue founder and CEO.

This expansion follows CredAvenue’s $90 million in equity capital raised in a round of financing led by Sequoia Capital, Lightspeed, TVS Capital Funds, Lightrock and other companies. The fund valued the company at approximately US$410 million. CredAvenue plans to develop its platform by deploying cutting-edge technologies such as data science, machine learning, and artificial intelligence in the coming months.

Consistent with this, the company attaches great importance to acquiring talents in core technology fields that have nothing to do with the field, including data engineering, AI-ML, data science and analysis, data security, product management, deep integration, and platform architecture. Said in a statement. statement. CredAvenue predicts that by the end of fiscal year 22, its total headcount will double to 700.

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The company also plans to achieve global expansion and inorganic growth through strategic acquisitions. The company currently has a portfolio of five platforms-term loan corporate solutions, CredLoan; origination platform CredCoLend; bond issuance and investment platform Plutus; trade finance portal CredSCF and securitization and portfolio acquisition solutions CredPool.

News Source : MINT

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Hollywood

Tom Holland to star alongside Matt Damon in Christopher Nolan’s next, will juggle that with Spider-Man 4 in 2025

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2 weeks ago

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October 22, 2024

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Tom Holland to star alongside Matt Damon in Christopher Nolan’s next, will juggle that with Spider-Man 4 in 2025

Tom Holland, last seen in Apple TV show The Crowded Room last year, has signed his next with Academy Award-winning filmmaker Christopher Nolan.

Tom Holland is going to have a very busy 2025. As per The Hollywood Reporter, the actor has signed Christopher Nolan’s next, which he will juggle the filming of with that of the long-awaited Spider-Man 4. (Also Read – Tom Holland shares why he left alcohol behind: ‘Struggling without booze…’)

Tom signs Nolan’s next

This will mark the first collaboration between Tom and Christopher. While details of his next directorial aren’t known yet, it’s most likely not to have a contemporary setting. It’ll be either set in the past like, his previous film Oppenheimer (2023), or in the future like Interstellar (2014). Matt Damon, who has worked with Christopher in both, has also come on board his next.

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Christopher’s next will be co-produced by him and his wife Emma Thomas’ banner Syncopy Inc and Universal Pictures, as the two production houses will team up after the Academy Award-winning blockbuster Oppenheimer last year. Prior to Oppenheimer, Christopher collaborated mostly with Warner Bros before having a fallout post the debacle of Tenet (2020).

Warner Bros then went on to produce Greta Gerwig’s musical satire Barbie, which clashed with Oppenheimer at the box office and even outperformed it globally. Warner Bros offered Christopher a cheque for the fees he waived off for helming Tenet during the pandemic. While Christopher graciously accepted the belated remuneration, he still went on to pitch his next to Warner Bros.

Tom’s busy schedule

Tom didn’t have any release this year. His last outing was Todd Graff’s psychological thriller show The Crowded Room on Apple TV last year. He’ll juggle the filming of Christopher Nolan’s next and Spider-Man 4 in 2025. Tom has been playing the superhero ever since Russo Brothers’ 2016 blockbuster Captain America: Civil War. He’s slipped into the Peter Parker shoes post that for three standalone films and two Avengers movies. Spider-Man 4 will be helmed by Shang-Chi and the Legend of the Ten Rings director Destin Daniel Cretton.

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As Tom’s girlfriend and co-star Zendaya will be busy filming Spider-Man 4 in 2025, she’ll reprise her role of Chani in Denis Villeneuve’s sci-fi spectacle Dune 3 only in 2026. Meanwhile, Tom is also likely to make an appearance as Spider-Man in Russo Brothers’ Avengers: Doomsday, which will go on floors in the spring of 2025.

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