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Israelbased earnix 75m 1bsolomon timesisrael

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Israelbased earnix 75m 1bsolomon timesisrael

Israelbased earnix 75m 1bsolomon timesisrael fintech startup Earnix has just raised $75 million in funding to support its expansion plans. The company provides software to help insurers price their policies more accurately. The round was led by Insight Partners.

Fintech startup raises $75m to support expansion plans

Earnix is an Israel-based FinTech company that uses AI-powered advanced analytics to help banks and insurance companies customize their products and pricing. The company has recently raised $75 million in a growth round led by Insight Partners.

The new funding will be used to fuel the company’s international expansion. As a result, the company plans to double its global workforce by the end of this year. It also will expand its product portfolio, according to CEO Ziv Avni.

Founded in 2001, Earnix has been involved in the financial technology sector for over two decades. The company’s core product is a software platform that is designed to optimize pricing and product development. With its extensive set of data, Earnix is able to create personalised financial products for consumers.

Earnix has developed a unique AI-powered pricing platform that helps banks and insurance companies tailor their offerings to customers’ specific needs and preferences. This platform provides real-time quotes, rates, and financial products. Using the company’s advanced technology, banks and insurers can offer personalized loans, mortgages, and other products.

The company has offices in North America, Europe, and Asia Pacific. Earnix plans to continue to grow internationally and accelerate the development of new products. Investing in its product line will enable the company to quickly adapt to changes in the industry.

Insight Partners led the $75m funding round for earnix

Earnix is an Israeli FinTech startup that develops artificial intelligence (AI) and advanced analytics software. Its mission-critical systems help global insurers deliver personalised products and services. The company is currently valued at over $1 billion.

Earnix offers a self-designed enterprise rating engine that combines predictive modeling and optimization. This helps banks and insurers offer customised products, loans, and deposits. The company’s cloud-based platform incorporates enormous sets of data.

The latest round of funding for Earnix was led by US-based Insight Partners. Other investors included Vintage Investment Partners and Israel Growth Partners.

The new capital will allow Earnix to expand its footprint internationally and support M&A activities and product innovation. Earnix will also use the funds to hire more staff.

Its customers include NatWest Group Plc, Liberty Mutual, and Israe Dhabi. The company’s personalised offers are delivered through its self-designed, cloud-based platform. Using data from customers’ profiles, the platform can adjust rates and offers to fit each customer’s needs.

Earnix has offices in the Americas, Asia Pacific, Europe, and Israel. It is one of the most advanced companies in the industry.

Founded in 2001, Earnix has developed an AI-powered product personalisation platform. Using a combination of predictive modelling and optimization, the company’s software helps financial services companies predict risk and customer behavior.

Earnix has grown steadily over the years, and its latest round of funding has positioned the company as a “unicorn” by its own reckoning.

Its software helps insurers price policies more accurately

Earnix is a leading provider of predictive analytics solutions for the insurance industry. The company is known for its cloud-based platform which combines artificial intelligence with advanced analytics. Some of the company’s offerings include an end-to-end pricing and rating solution, telematics data for usage-based insurance, and a suite of data management tools. Its offices are based around the world, from the U.S. to Europe and Asia. With a recent fundraising of more than $75 million, the company is poised to make its mark on the global stage.

Earnix is not new to the market, having started life in 2010 as a spinoff from Givatayim. A team of industry veterans, including software engineers, has taken the company to new heights, notably winning over a slew of high-rolling angels and venture capitalists. As a result, it is now a true unicorn.

Earnix’s cloud-based platform enables banks and insurers to re-imagine their businesses. Insurers can leverage the company’s artificial intelligence capabilities to deliver personalized customer experiences, improve pricing and enhance customer service. For instance, a telematics-enabled device can provide real-time driver information, helping to streamline application processes, reduce fraud, and boost solvency. Additionally, the company’s suite of data management and automation solutions can help insurers get a better handle on their insurance policies. This is all while reducing waste and maximizing productivity.

source:https://newshunt360.com/israelbased-earnix-75m-1bsolomon-timesisrael/

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EverGrow Coin: Next Shiba Inu of 2022 Distributes More than 27 Million in BUSD Rewards

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EverGrow Coin: Next Shiba Inu of 2022 Distributes More than 27 Million in BUSD Rewards

Much like waiting for a bus, EverGrow Coin, arguably the most innovative and fastest-growing project of this fall, EverGrow Coin has already surpassed many well-established cryptocurrencies and has achieved a $1 billion market cap and 105K+ Token holders. Aiming to be the next Shiba Inu, EverGrow Coin has already distributed $27 million BUSD in rewards to its holder. The revolutionary smart contracts of EverGrow Coin distribute 8% of every Buy/Sell transaction among its token holders in Binance Pegged stable Coin.

EverGrow Coin recently surprised the cryptoverse by dropping on three major exchanges. Taking only six weeks to launch on their first major exchange, Bitmart, EverGrow Coin Plans to list all major centralised exchanges. This week EverGrow Coin went live on Bibox, LBank & ZT Global Exchanges moving one step closer to mainstream adoption.

Unlike other meme coins, from the beginning, the team behind EverGrow Coin plans to build a Huge Ecosystem around the project consisting of an NFT Lending Platform, NFT Marketplace, Play-to-Earn, Content Subscription Platform & Staking pools. After launching its Swap exchange, by the next week, EverGrow Coin will also be launching its content subscription platform Crator.com. Crater will allow Creators to sell Premium content to their Fans like Patreon and Onlyfans. EverGrow coin team strictly follows the planned roadmap and will soon be launching their NFT Marketplace and Play to Earn game with the launch of NFT Mystery Boxes. All the revenue generated from Evergrow’s ecosystem will be used to buy EverGrow from exchanges and remove them permanently from the circulating supply.

Apart from manual burns, 2% from every transaction is transferred to EverGrow contract for Auto Buybacks. When Autobuyback is enabled, the funds stored in the contract will be used to burn Evergrow tokens. After the initial burn of 50% of supply on launch, the contract has already burned more than 2% through Auto buybacks. EverGrow Coin is eventually going to be scarcer in the future.

EverGrow Coin is also developing the first decentralized NFT lending platform. Built on the Binance Smart chain, The platform will allow NFT owners to readily borrow against their NFTs as collateral at fair interest rates without selling them. Leveraging BSC cheaper and faster transaction speed, EverGrow will also be adding BSC-based NFT Marketplace to its ecosystem. The platform will provide creators, celebrities, and influencers with the opportunity to mint, sell, showcase, and even drop mystery boxes of their collections. There are almost no examples in the cryptoverse of this level of critical thinking. EverGrow Coin is genuinely raising the bar in DeFi and set on the path of becoming a top 20 global crypto or Next Shiba Inu.

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Marketsi Brings Quant Investing to Retail Investors

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Marketsi Brings Quant Investing to Retail Investors

Marketsi marks a step-change in retail investing, introducing investors to quantitative investing technology with the Investment Strategy Builder. This enables investors to create and manage their own dynamic stock portfolios using the kind of data and algorithms harnessed by hedge funds and banks.

Users can access alpha-generating quant strategies and create their own unique strategies with an easy-to-use interface that lets them filter stocks based on dozens of different fundamental, technical and sentiment signals. And they can continuously backtest and optimize to find the perfect alpha-generating approach.

With Marketsi we are also offering clients a direct market access Share Dealing platform, so they can manage all their investments in one place.

And our multi-asset trading platform, Marketsx, just got a whole lot better with lower spreads, more ways to trade the most popular products and an ever-expanding universe of assets. Best of all, our tools continue to set the pace in the industry with the most impressive suite of Technical, Fundamental and Sentiment based analytical tools.

For UK clients we are now adding Spread Betting to the existing CFD trading products, giving traders the option to benefit from tax-free trading.

Markets.com CEO Joe Rundle says: “We’ve made a big leap into the investing space and are keen to make a splash with a product that is going to change things up for retail investors. Our quantitative-based portfolio builder lets retail investors tap into the kind of technology and data that’s used by the biggest banks and hedge funds to maximise returns.

“We are super excited about launching investing products so that our clients take more control of their money. And with Spread Betting we hope to be able to meet the needs of all our UK traders.

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Securing Your Future – The Benefits of Investing in a 401k

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Securing Your Future - The Benefits of Investing in a 401k

If you are looking for a way to secure your future, investing in a 401k may be the solution. But there are a few things you need to know before you begin.

Rebalancing portfolio to protect from crashes

When investing in a 401k, portfolio rebalancing can help protect against crashes. It is significant for investors nearing retirement.

A well-diversified, globally diversified portfolio can also reduce risk during market crashes. Rebalancing can help keep your asset allocation in the proper mix, avoiding overweighting in certain asset classes.

Generally, rebalancing is done periodically. Some financial advisers recommend rebalancing as often as once a quarter. Some people can rebalance frequently. If you invest in a 401k, you should rebalance it twice a year.

There are several methods for rebalancing your investment account. Robots-advisors will automatically do this for you. You can also use the same target allocation model as you had for your other investments. Consider your investment objectives, balances, and tax treatment.

During a market crash, you may have a more challenging time selling assets, but getting a return on your investments is still possible. Often, you will need to buy more stocks or bonds at lower prices and rebalance later to recover your original balance.

Compound interest generates earnings.

Compound interest can be magical when it comes to building wealth. It can make it possible for you to save millions of dollars in a tax-advantaged account, allowing you to enjoy a secure retirement in the future. However, you’ll need to learn how to invest with compound interest and how to calculate it.

In general, the power of compounding is related to the frequency of interest earned. Investing in a low-cost index fund, such as the S&P 500, will allow you to take advantage of this powerful investing strategy.

For example, a $100 investment that pays a 10% dividend each year could generate more than $300 in interest by the end of the second year. Alternatively, an investment that returns eight percent per year would have a balance of $1,080 after the first year.

While compounding does not happen overnight, it does have the power to create a snowball effect. Investing in a 401k, for instance, allows you to reap the benefits of compounding interest by reinvesting your interest to increase your earnings.

Stock market corrections are less common than stock market crashes.

Stock market corrections are a regular part of the investment world. They happen for a variety of reasons. For example, an economy may hit its natural peaks, or investors may overvalue a specific stock.

The most common type of market correction is a decline of at least 10%. These are typically short-lived and are usually followed by a bullish period.

It’s best to plan for a market downturn. Buying undervalued stocks during a discipline is a great idea. You can also use stop-limit orders to trigger automatically when a stock price hits a pre-set level.

Long-term investors often adopt a strategy that balances risk and return targets. They also diversify their portfolios and lock in any unrealized losses.

You can consult a financial advisor if you need clarification on the risk of buying stocks during a correction. They can help you make an educated decision.

A correction can take several months to resolve, depending on the index or stock. In most cases, it’s best to ride out the storm. But there’s always the chance of a market downturn leading to a recession.

Roth 401k

Consider a Roth account if you have a 401(k) plan. It can be a vital part of building wealth. It can also be an excellent way to save in a low tax bracket.

The ability to withdraw funds tax-free is the benefits of a 401k plan. Be mindful of the disadvantages, though. It can impact your Social Security benefits and Medicare premiums, depending on your age. On the part of your earnings, you will still need to pay taxes.

To avoid paying a large amount of taxes in retirement, you should invest in both traditional and Roth accounts. It can be a good idea if you expect your tax rate to rise or decline in your lifetime.

For example, consider investing at least 15% of your paycheck into a retirement savings account. It is a good idea regardless of the market conditions.

Investing consistently is also important. It can be a rational move for younger workers. Those with more years before retirement will see the most significant gains from a Roth 401(k).

In addition to saving consistently, you should diversify your accounts. A diversified portfolio of traditional and Roth accounts can help you save more money in the long run.

Variable annuities work similarly to a 401k

If you’re looking for a long-term investment for your retirement, variable annuities may be a good option. These products offer tax-deferred growth, a guaranteed lifetime income, and a wide variety of investment options. But before you buy, ensure you understand the product’s fees and features.

Variable annuities have two phases: an accumulation phase and a distribution phase. In the accumulation phase, you invest the annuity’s funds in sub-accounts. Those sub-accounts may include stocks, bonds, or money market funds. Each investment performs differently. When the investment portfolios perform well, the annuity’s value goes up. However, the annuity’s value declines when the assets don’t act.

Some variable annuity contracts offer optional riders that ensure you’ll receive a particular minimum income stream. Living benefit riders can also help you generate a steady income from your annuity.

If you’re married, consider fixed annuities. These investments are often based on a basket of equities. The underlying assets are similar to Exchange-Traded Funds (ETFs). You pay a fixed amount of interest for a specified period. Once the period ends, you can take the annuity as a lump sum.

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