Technology
Privileged Access Management Solutions Market Skyrockets to $5.95 Billion by 2031 Dominated by Tech Giants – Broadcom Inc., CyberArk Software Ltd. and International Business Machines Corp | The Insight Partners
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The global privileged access management solutions market is set for explosive growth, with projections indicating a surge to $5.95 Billion by 2031. This remarkable expansion, driven by rise in demand for protection against insider threats and emergence of intelligence-based privileged access management solutions.
NEW YORK, Dec. 3, 2024 /PRNewswire/ — According to a new comprehensive report from The Insight Partners, “Privileged Access Management Solutions Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis – by Offering, Deployment, Enterprise Size, End-Use Industry, and Geography,” the global privileged access management solutions market is observing significant growth owing to increase in number of cyberattacks and stringent government regulations.
For Detailed Market Insights, Visit: https://www.theinsightpartners.com/reports/privileged-access-management-pam-solutions-market
The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the privileged access management solutions market comprises a vast array of services, organizations size, application and geography which are expected to register strength during the coming years.
Market Overview and Growth Trajectory:
Privileged Access Management Solutions Market Growth: According to an exhaustive report by The Insight Partners, the Privileged Access Management Solutions Market is experiencing significant growth, driven by rise of cloud-based privileged access management solutions and zero trust security model. The market, valued at $2.46 Billion in 2023, is expected to grow at a Compound Annual Growth Rate (CAGR) of 11.7% during 2023–2031.
For More Information and To Stay Updated on The Latest Developments in The Privileged Access Management Solutions Market, Download The Sample Pages: https://www.theinsightpartners.com/sample/TIPRE00017221/
Increase in Number of Cyberattacks: In recent years, businesses are facing the continuous threat of cyberattacks. For instance, according to AAG, the UK had the highest number of cybercrime victims per million internet users (4,783 users) in 2022, an increase of 40% over 2020 figures. The rise in the number of cyberattacks has increased the importance of cybersecurity to safeguard critical infrastructures and to ensure the safety of individuals and organizations. To address this growing threat, robust privileged access management (PAM) solutions are being implemented. PAM solutions help organizations effectively manage and secure privileged accounts by enforcing the principle of least privilege, which limits access to only what is necessary for users to perform their tasks. Organizations can reduce their attack surface by minimizing the number of privileged account holders and rights associated with each account by implementing PAM solutions. This active approach significantly mitigates the risk of unauthorized access and potential breaches. Thus, the increasing number of cyberattacks is a significant factor propelling the growth of the privileged access management solutions market.
Emergence of Intelligence-Based Privileged Access Management Solutions: Intelligence-based PAM solutions enhance the user experience by providing seamless access to authorized users while maintaining strong security measures. By analyzing user behavior and context, these solutions minimize unnecessary authentication prompts for legitimate users, reducing friction and improving productivity. The emergence of intelligence-based PAM aligns with the broader trend of incorporating AI and ML technologies into various domains to enhance security and efficiency. By leveraging these intelligent features, organizations can strengthen their privileged access management practices and mitigate the risks associated with insider threats and unauthorized access. Thus, the emergence of intelligence-based PAM solutions is anticipated to provide significant growth opportunities to the privileged access management solutions market.
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Stringent Government Regulations: Various industry and government regulations require businesses to adhere to strict security controls. In such a scenario, a privileged access management solution is a crucial aspect of an organization’s cybersecurity strategy. In industries such as healthcare, finance, and government that handle sensitive data, organizations of all sizes must comply with complex regulations such as GDPR, HIPAA, PCI-DSS, and SOX to protect the sensitive data of consumers and businesses. Failure to comply with these regulations can lead to heavy fines and damage to the organization’s reputation. For instance, the General Data Protection Regulation (GDPR), which was established in 2018, imposes fines ranging up to US$ 21.68 million (EUR 20 million) or 4% of the company’s global annual revenue, whichever is higher. Organizations are required to implement privileged access management solutions to comply with these stringent government regulations. Privileged access management is a crucial tool for businesses looking to comply with industry regulations, including PCI DSS, HIPAA, SOX, and GDPR. Thus, stringent government regulations fuel the privileged access management solutions market growth.
Geographical Insights: North America dominated the privileged access management solutions market in 2023. Europe is the second-largest contributor to the global privileged access management solutions market, followed by Asia Pacific.
Purchase Premium Copy of Global Privileged Access Management Solutions Market Size and Growth Report (2023-2031) at: https://www.theinsightpartners.com/buy/TIPRE00017221/
Privileged Access Management Solutions Market Segmentation, Applications, Geographical Insights:
Based on offering, the privileged access management solutions market is segmented into solutions and services. The solutions segment dominated the market in 2023.In terms of deployment, the privileged access management solutions market is segmented into on-premise and cloud. The on-premise segment dominated the market in 2023.Based on enterprise size, the privileged access management solutions market is segmented into large enterprises and SMEs. The large enterprises segment dominated the market in 2023.Based on end-use industry, the privileged access management solutions market is segmented into BFSI, IT and telecom, healthcare, energy and utility, retail and eCommerce, manufacturing, government and defense, and others. The BFSI segment dominated the market in 2023.The privileged access management solutions market is segmented into five major regions: North America, Europe, APAC, Middle East and Africa, and South and Central America.
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Key Players and Competitive Landscape:
The Privileged Access Management Solutions Market is characterized by the presence of several major players, including:
Broadcom Inc.CyberArk Software Ltd.International Business Machines CorpOkta IncOne Identity LLCDelinea Inc.BeyondTrust CorporationMicrosoft CorpFortinet Inc.Persistent Systems Ltd.
These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market.
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Privileged Access Management Solutions Market Recent Developments and Innovations:
“CyberArk (NASDAQ: CYBR), the identity security company, announced the launch of the CyberArk MSP Console, a new tool for managed service providers (MSPs) that improves operational efficiency and scalability. Now, MSPs can seamlessly view and monitor customers using the CyberArk Identity Security Platform via a dedicated, comprehensive dashboard.””Delinea, a leading provider of solutions that seamlessly extend Privileged Access Management (PAM), announced an industry-first innovation to protect organizations from threats in the post-quantum computing era with the availability of quantum-safe encryption of secrets and credentials on the Delinea Platform. Aligned to NIST standards, quantum-safe encryption on Secret Server empowers organizations to secure critical credentials from being compromised by quantum computers with one of the four NIST-recommended asymmetric algorithms, CRYSTALS-Kyber. Quantum-safe encryption of secrets and credentials in the company’s SaaS vault is the latest forward-thinking innovation available on the Delinea Platform to disrupt the status quo. This innovation is an example of usable security integrated into existing Privileged Access Management workflows, effectively reducing the risks associated with quantum computing.”
Conclusion:
Privileged access management (PAM) solutions are advanced security measures designed to safeguard organizations against cyber threats by actively monitoring, detecting, and preventing unauthorized access to critical resources. These solutions primarily focus on protecting privileged accounts, which possess elevated access privileges within an organization’s systems and networks, making them prime targets for cybercriminals. PAM solutions utilize a combination of processes, and technology to provide comprehensive visibility into the activities of privileged users and their use of privileged accounts.
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The increasing prevalence of cyberattacks targeting privileged accounts and credentials is driving the adoption of privileged access management solutions. Organizations are increasingly becoming aware of the need to safeguard their critical assets from unauthorized access and potential breaches. PAM solutions also play a crucial role in mitigating insider threats by implementing robust controls and monitoring privileged user actions. Furthermore, PAM solutions enable organizations to enforce adaptive access controls considering real-time contextual factors, granting appropriate access privileges based on the specific context. These solutions also assist organizations in meeting complex compliance requirements by offering risk management capabilities, maintaining detailed records of critical infrastructure activities, and facilitating audit-friendly IT environments.
As the threat landscape continues to evolve, the importance of securing privileged accounts and credentials is expected to escalate, driving the growth of the privileged access management solutions market. Organizations adopt PAM solutions tailored to their needs and regulatory obligations to safeguard their critical assets from cyber threats.
With projected growth to $5.95 Billion by 2031, the Privileged Access Management Solutions Market represents a significant opportunity for solution providers, system integrators, end-users, investors, industry stakeholders, and others. By staying abreast of market trends, embracing innovation, and focusing on quality and performance, companies can position themselves for success in this dynamic and evolving market landscape.
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About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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E-mail: ankit.mathur@theinsightpartners.com
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Sungrow Opens Australia’s New Solar & Battery Experience Hub, Bringing the Future of Clean Energy Closer to Home
Published
7 minutes agoon
July 21, 2026By
SUNSHINE COAST, Australia, July 21, 2026 /PRNewswire/ — Sungrow, the globally leading PV inverter and energy storage system provider, officially opened its brand new Solar & Battery Experience Hub, marking a significant milestone in the company’s long-term investment in the Australian renewable energy market.
Located on the Sunshine Coast, one of Australia’s most sustainability-focused regions, the Hub is Sungrow’s first solar and battery experience centre in the country. Visitors can explore advanced renewable technologies, see real-time demonstrations, and receive tailored home and commercial energy advice. Serving as an essential bridge to the region, the Hub is dedicated to establishing broad and deep connections with the local community. By partnering with residents, businesses, and non-profit organizations to deliver technical training, sustainability education, and diverse community events, it will work hand in hand to drive the sustainable prosperity of the local community. Meanwhile, powered entirely by Sungrow’s inverter and battery system, the centre serves as a working example of how commercial buildings can operate efficiently and sustainably.
The opening ceremony was attended by Sunshine Coast Mayor Rosanna Natoli, Queensland Government representative Kendall Hatcher MP, local community organisation leaders, prominent figures from the Australian renewable energy industry, and Sungrow Australia executives, highlighting a shared commitment to accelerating the clean energy transition through strong local collaboration.
In the opening addresses, the Mayor affirmed the vital role of the Experience Hub in helping the Sunshine Coast region embrace technological innovation for sustainability. The State Government representative also highly praised the Hub’s outstanding sense of community spirit and the significant, positive impact it brings to local development.
Bringing Renewable Energy to Life
With more than 600,000 residential and commercial installations across Australia and over 14 years of local market presence, Sungrow has become one of the country’s most trusted and bankable solar brands.
The centre features three immersive experience zones:
Sungrow Journey – showcasing its global innovation, local milestones and long-term commitment to Australia.
Live Experience Area – interacting with Sungrow’s latest residential solar, battery storage and EV charging solutions through live product demonstrations and real-time system management.
Smart Hub Experience – presenting the next generation intelligent home energy management, including battery optimisation, energy monitoring and future-ready smart energy technologies that help households maximise energy independence.
Built with the Community, for the Community
Meanwhile, Sungrow also donated two sets of energy storage systems to local charities, reinforcing its commitment to supporting the Sunshine Coast community.
The Hub will collaborate closely with local elite installers, ensuring visitors receive professional guidance, trusted installation support, and personalised energy solutions. Furthermore, the Hub will continuously host renewable energy event series and specialised workshops tailored for homeowners, first-time homebuyers, commercial developers, corporate partners, educational institutions (including schools, TAFEs, and universities), as well as government and community representatives.
“Sungrow Australia has been a trusted part of everyday life for families, installers, and industry partners across the country. Today, we take an important step forward. More than a physical space, it is a place where people can experience clean energy firsthand, learn from industry experts, and gain the confidence to make smarter energy decisions,” said Neil Yang, Channel Sales Manager at Sungrow Australia. “Following 14 years of continuous support from the local community, we made the significant decision to establish this experience hub on the Sunshine Coast. Our long-term vision is to replicate this model across major towns and cities in Australia, creating more opportunities for renewable energy education, community engagement, local employment, and sustainable infrastructure.”
A New Era of Home Energy Future
The Sungrow Solar & Battery Experience Hub represents a new way for Australians to engage with renewable energy. As Australia continues its transition towards a low-carbon future, Sungrow remains committed to investing in local innovation, strengthening industry partnerships and creating meaningful connections with communities. By bringing clean energy closer to people, the Experience Hub transforms renewable technology from something customers simply purchase into something they can experience, understand and trust.
To learn more about the Sungrow Solar & Battery Experience Hub, visit: www.sungrowpower.com/au/en/aus-sungrow-solar-battery-experience-hub
To book an appointment, please call 0472 787 829 or email hello@sungrowpower.com.au.
Luly Wang
luly.wang@sungrow-hq.com
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SOURCE Sungrow Power
Technology
Tencent Cloud Unveils a Major Upgrade to Its Agent Development Platform, Launching an Enterprise-Grade AgentOps Platform to Bring AI Agents into Production at Scale
Published
7 minutes agoon
July 21, 2026By
SHANGHAI, July 21, 2026 /PRNewswire/ — Tencent Cloud, the cloud business of global technology company Tencent, today announced a major enhancement to its Agent Development Platform (ADP) International Edition, evolving it into a comprehensive, enterprise-grade AgentOps platform designed to help enterprises move AI agents from experimentation into production at scale. The enhancement was unveiled at the 2026 World Artificial Intelligence Conference (WAIC) in Shanghai and is now available to customers worldwide.
Delivered in ADP’s 4.0 international release, the update introduces two headline capabilities — the Smart Desk and Claw Mode, powered by the Agentic Loop. Together with Connector, Skills, Knowledge Base, MCP and Agent Portal, ADP 4.0 now connects the entire enterprise agent lifecycle — from building and connecting, to distribution and governance — giving enterprises a single foundation to develop, deploy and manage AI agents reliably and at scale.
Today, enterprises seeking to rebuild their operations with AI Agents often face three critical challenges:
Individual pilots are easy to initiate but difficult to scale;Powerful models are challenging to integrate with existing legacy systems;Deployed Agents present difficulties in security governance and cost control.
Tencent Cloud ADP 4.0 addresses these challenges systematically by unlocking long-horizon, self-coding capabilities for complex tasks through Claw Mode, connecting enterprise systems and capability assets through nearly 40 Connectors and over 150 Skills, while moving security governance upstream to the very source of development. This enables enterprises to rapidly develop Agents while keeping them running in real business environments in a stable, secure, and controllable way.
To date, Tencent Cloud ADP has been deployed across retail, finance, government, manufacturing, and other industries, where teams have used AI Agents to support on tasks such as intelligent Q&A, customer service, marketing content generation and business analysis.
How Smart Desk Serves as a Unified Agent Entry Point
The newly launched Smart Desk serves as the unified, user-facing entry point of Tencent Cloud ADP 4.0, addressing two needs at once: enterprises can build Agents at scale, while employees can complete everyday tasks with a single sentence. Within the same workspace, users can build scalable Agents for their organization using natural language, or handle personal tasks just as they would with an everyday office assistant. Agent capabilities can also be integrated into existing enterprise systems—office software, ERP, CRM, customer service, and more—so that Agents “grow” on top of existing workflows without tearing anything down.
Smart Desk dramatically cuts the cost of building. Setting up a knowledge-based intelligent Q&A assistant once required manually configuring more than a dozen parameters. Now a single sentence can complete the entire configuration automatically, enabling it to go live within minutes. For more complex workflows such as multi-intent customer service, users simply describe the logic, and the system automatically generates a complete flow—intent routing, knowledge-base Q&A, human handoff, and more—packaged and ready to import. When a single Agent isn’t enough, users can orchestrate a collaborative team of Agents with a single command, with the system automatically assigning responsibilities, prompts, and task handoffs. The Smart Desk also integrates with the Skills Marketplace, packaging mature capabilities—such as contract review, financial analysis, and invoice entry—into reusable enterprise-grade Skills that can be shared and continuously refined across the organization. In doing so, Smart Desk brings “usable by everyone” and “enterprise-grade control” together in a single entry point.
How Upgraded Claw Mode Resolves Complex, Long-Horizon Tasks
For complex tasks that lack fixed rules, span long chains, and resist form-based configuration, Tencent Cloud Agent Development Platform (ADP) 4.0 adds a fourth building mode—Claw Mode. It can create Agents that autonomously write and run code in a cloud sandbox, call enterprise Skills, and execute long-running tasks. Once created, these Agents can be integrated into business systems via API/Web interfaces and reach employees and customers through channels such as LINE and Telegram. Creators do not need to fill out any forms; they simply describe their needs in natural language, and the platform automatically generates prompts, mounts knowledge bases, configures tools, and orchestrates workflows.
ADP 4.0 also supports two-way invocation between Agents and Workflows: Workflows handle steps with clear-cut rules, balancing stability with predictable token consumption. When unstructured judgment or open-ended tasks arise, they invoke a Claw Mode Agent to fully leverage the model’s capabilities. This gives enterprises the flexibility to integrate deterministic processes with intelligent decision-making.
Connecting Enterprise Systems, Knowledge, and Tools to Embed Agents into Workflows
To address the pain point of “powerful models that cannot reach enterprise production systems,” ADP 4.0 uses Connector, Skills, plugins, Knowledge Base, and MCP to turn an enterprise’s scattered business resources into callable and reusable AI assets.
The Connector framework offers nearly 40 curated Connectors in the first batch, supporting integration with high-frequency systems such as CRM, ERP, ticketing, customer service, knowledge bases, and document systems, and covering mainstream international SaaS applications like Google Workspace, Confluence, and Jira. Agents can directly read, retrieve, and perform operations such as querying, analysis, generation, and routing.
The upgraded Skills Marketplace now supports 150+ Skills. Business teams can package custom Skills into shared enterprise plugins that enter the enterprise zone for use only after passing security checks and approval.
More than 50 scenario-based templates and industry-curated applications shorten the path from zero to one. The upgraded Model Marketplace enables enterprises to select leading international models alongside their own self-hosted models, with native compatibility for the OpenAI standard protocol.
In addition, ADP 4.0 supports multiple entry points—platform, browser, Office, Chat channels, and API/SDK—embedding Agents into employees’ daily work scenarios.
End-to-End Governance from Development to Launch: Clearing the “Security Gate” Before Production
To tackle the challenge of “Agents that run but whose security and cost cannot be controlled,” ADP 4.0 moves governance upstream to the source of development, building a security control system that spans the full Agent lifecycle around permission management, Skills governance, runtime observability, and deployment compliance.
For permission management, ADP 4.0 supports a layered architecture at the enterprise, workspace, and application levels, combined with a Role-Based Access Control (RBAC) role-permission matrix to achieve dual-dimension isolation of functional and data permissions. For Skills governance, custom Skills must pass security checks—static code scanning, data-access review, outbound-network review, dependency allowlisting—and multi-level approval before entering the enterprise zone to become shareable and schedulable enterprise assets. For observability and governance, enterprises can use Agent Portal to centrally manage Agents across platforms and scenarios, and use business and resource dashboards to monitor key metrics such as call volume, response quality, operating cost, and errors in real time, enabling rapid issue identification and optimization.
Wu Yunsheng, Vice President of Tencent Cloud and Head of the Tencent Cloud Agent Development Platform, emphasized that enterprise-grade Agents are not merely about who can build them the fastest, but rather about who can keep Agents operating on the front lines of business in a stable, secure, and sustainable manner. ADP aims to provide enterprises with a production-ready AgentOps foundation—one that enables them to build Agents quickly, connect these Agents to systems and distribute them to the front lines, and operate them continuously under a framework of permissions, security, evaluation, and observability, truly unlocking productivity value.
Learn more about Tencent Cloud ADP: Build AI Agents with RAG+LLM, Workflow & Multi-Agent Capabilities
###
About Tencent Cloud:
Tencent Cloud, one of the world’s leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT, and cybersecurity. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, real estate, retail, travel, and transportation.
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SOURCE Tencent Cloud
Technology
Coda Launches Playbook on Turning Linkouts into a Growth Channel
Published
7 minutes agoon
July 21, 2026By
SINGAPORE, July 21, 2026 /PRNewswire/ — Coda, a global leader in digital monetization and distribution, launched Beyond the App Store: A Publisher’s Guide to Direct Linkouts and Out-of-App Monetization, a new white paper showing mobile game publishers how to turn linkouts into a scalable revenue channel.
For years, anti-steering restrictions limited publishers’ ability to direct players from inside their games to external purchasing options. Legal and regulatory changes in the United States and Japan have opened that channel, giving publishers more control over where transactions happen, what value players receive and how recovered margin is reinvested.
The opportunity is significant. Publishers can use the improved economics of out-of-app payments to offer better prices, bonus currency, exclusive items or loyalty rewards, while investing more in content, acquisition and retention.
However, designing the journey from the app to the web requires precision. The right audience, offer and checkout experience determine whether a linkout converts and creates incremental value.
Drawing on Coda’s experience supporting more than 300 publishers, including gaming giants like Activision Blizzard and Electronic Arts, the white paper sets out a practical framework built around these core questions:
Who should see the linkout?When should they see the linkout?What should they be offered?How should the choice be presented?
“Publishers can now take greater control of the purchase journey and decide how recovered margin is put back to work,” said Zac Liew, Chief Commercial Officer at Coda.
“The real opportunity is not simply moving a payment outside the app. It is using linkouts to create better player value, improve conversion and grow the economics of a game.”
The paper recommends starting with engaged players, repeat buyers and higher-value spenders, while ensuring every linkout offer provides a clear advantage over its in-app equivalent.
It also highlights the infrastructure required behind the link, including payment routing, local payment methods, tax, fraud, compliance and reconciliation.
Coda Links gives publishers the infrastructure to put that strategy into action. It intelligently routes players from the app to the most relevant payment experience, while Coda manages the payments, tax, fraud and compliance required to operate at scale.
Linkouts are already delivering significant results:
In one Coda Links deployment for a major US publisher, intelligent routing increased webstore revenue by 17% and first-time purchase rates by 78%.In another Coda Links deployment, providing players with direct webstore access increased transactions by 25%.
For publishers, the priority now is to apply the right strategy at scale and capture more value from every player transaction.
Beyond the App Store: A Publisher’s Guide to Direct Linkouts and Out-of-App Monetization is available at: https://www.coda.co/resources/out-of-app-monetization-guide/
Learn more about Coda at: coda.co
About Coda
Coda is a global leader in monetization, distribution, and commerce, trusted by the biggest names in gaming, entertainment, and technology, including Activision, Electronic Arts, Riot Games, Ubisoft, and Moonton. Founded in 2011 and headquartered in Singapore, Coda operates with 600+ employees worldwide, with core hubs in Asia and Europe. Coda combines payments, commerce, distribution, and rewards to drive global revenue growth for brands and publishers.
Coda’s products include Codapay, which provides access to 400+ payment methods across 80+ markets through a single API integration; Coda Webstore, which powers fully customised direct-to-consumer storefronts; Coda Consumer Platforms including Codashop, Recharge.com, and Startselect.com; Coda Distribution, which extends reach through a network of commerce partners; and Giftcloud, a UK-based rewards business serving enterprise customers across Europe.
Coda is backed by Apis Partners, Insight Partners, Smash Capital and GIC, and has been named an APAC High Growth Company (2023) by Financial Times, one of Granite Asia’s NextGenTech 30 (2024), a payments leader on Fortune’s Fintech Innovation Asia list (2024), and listed among The Straits Times Fastest Growing Fintechs (2024). For more on Coda, visit coda.co.
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SOURCE Coda
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