Waada has acquired MicroEnsure Pakistan, a subsidiary of MIC Global, in an all-stock buyout. The online insurance startup did not disclose the deal’s value. Waada also announced the completion of a $1.3 million seed round from local angel investors.
The company’s in-house platform enables anyone in the country to virtually sign-up, watch training videos, qualify as a gig agent and get policies issued within minutes.
The need is to automate every process, from underwriting to policy issuance, from leads management to commissions & claims, in order to empower agents to focus on selling and not the admin. “Insurance is about selling a future promise, hence, establishing that trust to fulfill that Waada is crucial in distribution”.
Waada’s goal is to add customers through online sign-ups and to distribute 10 million policies within three to five years. The country’s insurance penetration rate is only 0.7 percent, trailing that of its Asian neighbors.
Waada’s goal is to become the leading brand of insurance in the country, distributing 10 million policies in the next 3 to 5 years.
Airlift Technologies, which raised Pakistan’s largest round, ceased operations in July. Vitol’s used-car venture VavaCars exited the market this year and commute provider Swvl Holdings closed daily operations.
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The video-sharing site is also rolling out a darker theme and Ambient Mode for the app as well as making Shorts easier to find on mobile devices.
YouTube is adding a dedicated tab for Shorts and Live Content to separate them from long-form videos. These are not to be confused with the existing tabs for Subscriptions and Library, which are found in separate menus on the app’s main page. The new tabs will appear when you open up someone’s channel.
The idea is to keep giving you more of what you like to see on YouTube in a mobile-friendly format.
This should make it easier to find them, or avoid altogether if you are not a fan. The update is rolling out around the globe already and it is starting to appear on some phones.
An IT university would be established in Karachi if elected mayor of the district, a leading educational institution has said. President AlKhidmat Foundation – Karachi.
Aptitude test for ‘Bano Qabil Program’ launched by AlKhidmat Foundation offering skill-based training to youths of Karachi. Programme is a welfare wing of Jamaat-e-Islami (JI) Karachi chapter. IT education will be promoted at the school levels, he said.
The social welfare wing of the JI is offering freelancing, web development, application development, digital marketing, and Amazon Virtual Assistant courses under the Bano Qabil Program. There were 49,000 public sector schools in the province while the provincial education budget was in billions of rupees.
The eligible students would be participating in four-to-six-month courses, following the completion of which the Alkhidmat would be supporting them in their job hunt. The aptitude test was held at the Bagh-e-Jinnah in Karachi. Before the test, the participants took an oath that they would remain loyal to the Islamic ideology of Pakistan, play their due role in the development and progress of the country and the city, and would not indulge in any activity that could bring shame to their families and country. Karachi JI Emir Hafiz Naeemur Rehman administered the oath.
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Pakistan have avoided making any changes to their squad for the T20 World Cup 2022 in Australia. The deadline to replace any player without any reason has passed. The marquee event will begin on October 16, with Sri Lanka facing Namibia in qualifying round matches. Men in Green will begin their campaign on October 23 against arch-rivals India.
No player can be replaced without the consent of the technical committee, even if injured. The cause for replacing anyone must be presented. Pakistan’s middle order struggled during the Asia Cup 2022 and T20I series against England at home this summer.
Fakhar Zaman and Shaheen Afridi will join the Pakistan squad in Australia before the World Twenty20.
Social media platforms are no strangers to controversial content that gets flagged or removed straight away. Facebook, Instagram, YouTube, and Twitter do it all the time and TikTok is no different either.
The short-form video platform shared its latest Community Guidelines Enforcement Report recently. The report’s purpose is to “build on its commitment to a multi-pronged approach to stop misinformation on the platform”. During the second quarter of 2022, TikTok blocked over 113,809,300 videos from around the globe.
97% of the videos uploaded to TikTok were removed within 24 hours of being uploaded. 98% were removed due to user reports and 97% were taken down before even getting a single view. TikTok also removed a multitude of spam and fake accounts, but the exact figure was not revealed.
Social media giants have become a lot more strict regarding content moderation. YouTube, especially, is quite strict in this regard. The video sharing platform does not let you make money on videos with abusive language or the slightest bit of nudity. Anything that may have been acceptable years ago is no longer deemed appropriate for the masses.
He is remembered for leading Pakistan to World Cup victory in 1992 and introducing greats such as Wasim Akram, Inzamam-ul-Haq and Waqar Younis to the game.
Most of his fans haven’t even seen him play, but they still love him because of his records. Today is his 70th birthday and we look back at some of his unbroken records.
He has taken 362 and 182 wickets, respectively, during his international career. With the bat, he has scored 3,807 runs at an average of 37.69 in Tests and 3,709 runs at a 33.41 in ODI cricket.
Investments in the startup sector fell to $55.6 million in Q3, which is a whopping 68% decline over last year, and 46% drop compared to the last quarter. A report from Pakistani tech blog Data Darbar has revealed that Q3 2022 has been the worst quarter for startup funding in over a year.
The amount generated and the total number of deals fell sharply during the period. There were only 18 unique deals in total, which is the lowest since Q1 2021. However, investments in September 2022 reached $331 million across 61 unique deals and it could surpass last year’s figure of $366 million.
Fintech was the most funded sector in September with almost $193 million gathered so far. E-commerce gained $21.6 million through six deals in Q3. Most of the money was gained during the seeding stage, bringing the total for September to $82 million.
Q3 2022 saw the lowest participation from financiers since Q1 2022, with only 52 unique investors. As a comparison, there were more than 81 unique investors in Q2 2022. However, Pakistan was not the only market that was hit with such poor numbers.
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