In Brief: Google Pay to offer SME lending service; AngelList launches cap table management product

In Brief: Google Pay to offer SME lending service; AngelList launches cap table management product
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25 Jun, 2020

Mountain View, California-based search engine giant Google is in talks with top Indian lenders to launch a credit feature for small and medium enterprises (SMEs) on Google Pay, The Economic Times reported, citing a top company executive. The company aims to be operational by the end of the year to aid over three million verified merchants avail instant credit, the report said. 

Read: Sachin Bansal’s Navi rolls out lending app for personal loan

AngelList rolls out product to help startups manage cap table

San Francisco-based investment crowdfunding platform AngelList has rolled out a cap table management product, called EquityList, to help Indian startups create stock option programmes and issue grants to employees, as per an Inc42 report. The product will automate these processes and reduce inefficiencies, the report said, citing a company statement. 

Separately, the company has partnered with legal and finance firms Nishith Desai, Veritas and Burgeon to build a free document generator for employee stock option plans, it said. This will help organisations to generate grant letters, e-signatures and automate reporting to stay updated on the value of their shares and keep track of key documents, it said. 

HPE launches two new services for enterprises

San Jose headquartered technology company Hewlett Packard Enterprise (HPE) said it has launched two solutions, Ezmeral and Greenlake Cloud Services, for its enterprise clients. The former is a software portfolio that aids in the acceleration of digital transformation using container orchestration and management, and artificial intelligence, machine learning and data analytics solutions, the statement said. The latter, on the other hand, provides container management, data protection and networking solutions to help customers modernise their applications and data. 

Read: HPE upgrades features of two intelligent data storage platforms

Siemens inks deal with Salesforce

Software firm Salesforce has entered into a strategic partnership with Munich headquartered automation company Siemens to develop a new workplace technology suite that will help companies reopen physical workplaces safely. The firms will combine Salesforce’s Work.com and Siemens’ Smart Infrastructure solutions to plan in detail the processes and people required to create a safe and connected workplace for the future, a statement said. The companies will be the first to deploy the new solutions in their own offices, it added.

Software firm Reverie rolls out translation management hub

Bengaluru headquartered software firm Reverie Language Technologies has launched Prabandhak, an artificial intelligence-powered translation management hub. The solution, which supports translations in all Indian languages and English, can increase productivity by upto 400% while reducing costs by upto 40%, a statement said. The product caters to language service providers, individual translators and enterprises, it said. 

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