Teachers’ Venture Growth, the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan, is investing $80 million in Perfios, an Indian fintech that provides real-time credit underwriting solutions to banks and other financial institutions.
The new investment values Perfios at a valuation of over $1 billion.
Bengaluru-based Perfios provides real-time data aggregation and analysis tools to financial institutions, enabling them to streamline their customer journeys and make more informed decisions.
Perfios said it delivers 8.2 billion data points to banks and other financial institutions every year to facilitate faster decisioning, and processes 1.7 billion transactions a year with an AUM of $36 billion.
Ontario Teachers’ Pension Plan, one of Canada’s largest pension funds, has ramped up its interest in India in recent years.
The CEO of meditation app Insight Timer, Christopher Plowman, is frustrated.
That’s what happened with Insight Timer, a popular meditation app with around 25 million installs and 3 million monthly active users.
Because Insight Timer doesn’t take a cut of users’ donations to favorite teachers, those donations shouldn’t be subject to Apple’s commission — or so Plowman believed.
Insight Timer implemented the feature using Stripe as the payment provider on the backend, as the rule permits.
During the time the commission-free donations feature was live, Insight Timer’s users donated roughly $100,000 per month to the app’s teachers, Plowman says.
Google announced a bunch of new features for classroom management, accessibility, and AI-powered features for creating questions and lesson plans as part of the Bett ed-tech event in the UK.
AI-powered featuresGoogle already allows teachers to add questions to a YouTube video as part of its Classroom assignment.
Additionally, the company mentioned that its generative AI tool for Google Workspace, Duet AI, can assist teachers in coming up with a lesson plan.
The company is also adding features to Google Meet such as closed captions in 30 languages and the ability to pin multiple hosts.
Plus, Google is soon updating Chromebooks so that students can look at their upcoming assignments directly from the home screen.
