MEA

Verofax secures $3M in Bridge funding to deploy AI & AR experiences to tourists and sports fans

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Time Stamp: August 27, 2024 9:45 AM - Modified On: August 27, 2024 - Published By:
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ABU DHABI, UAE, Aug 27, 2024 - (ACN Newswire) - Verofax Limited, a Web3 services company, today announced closing a $3M bridge round led by international investors Plug & Play Tech Center, Navig8 Group, King Abdullah University for Science and Technology, Trove Capital UK follow-on investment, Jawa Brothers Advisory, with Alzamil Pedco CVC and Tracecore CVC completing the list of investors. Verofax applies patented Web3 technologies such as Blockchain, Augmented Reality and Artificial Intelligence to provide 'Elevated tourist, shopper and brand marketing experiences', enabling destinations, retailers and sports stadiums to

Verofax wins GITEX Supernova Web3 & Blockchain Award 2023

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Time Stamp: October 31, 2023 2:21 PM - Modified On: October 31, 2023 - Published By:
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DUBAI, Nov 1, 2023 - (ACN Newswire) - Verofax, an innovator in Brand & Retail solutions, was selected among 521 startups globally as the best solution offering for Web3 & Blockchain, at the GITEX 2023 Expo,  Supernova Challenge in Dubai. Verofax, a UAE-based startup and service provider for turning shopping & products interactive, has emerged as the winner of the 2023 Supernova Challenge at Expand North Star Dubai, the world's largest startup event. The startup received the prize after rounds of pitching against global finalists. Verofax's groundbreaking solution combines interactive Product

Komainu Secures MVP Licence from Dubai’s Virtual Assets Regulatory Authority

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Time Stamp: November 22, 2022 8:50 AM - Modified On: November 22, 2022 - Published By:
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Dubai, United Arab Emirates, [22  November] 2022 - Komainu (Custodian), a regulated digital asset custody provider built by institutions for institutions, has announced today that it has received the minimal viable product (MVP) licence from Dubai’s Virtual Assets Regulatory Authority (VARA), following the issuance of its provisional approval in July 2022. The MVP licence means that Komainu can offer an approved range of virtual asset related services to institutional investors in Dubai within an internationally benchmarked legislative framework for virtual asset service providers (VASPs) following completion of its readiness requirements.