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UGRO CAPITAL LIMITED UPGRADED RATING ‘IND A1+’ FOR SHORT-TERM AND ‘IND A+’ FOR LONG-TERM INSTRUMENTS BY INDIA RATINGS

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DataTech NBFC’s Strategic Vision and Robust Performance Propel Rating Upgrade

MUMBAI, India, Aug. 1, 2024 /PRNewswire/ — UGRO Capital, a leading DataTech NBFC focused on MSME lending, has achieved a significant milestone by receiving the highest rating of ‘IND A1+’ for its short-term instrument – Commercial Papers (CP) for 7 to 365 days for issue size of INR 2,000 million, as assigned by India Ratings and Research (Ind-Ra). This rating upgrade underscores UGRO’s robust performance and strategic vision, highlighting its significant achievements and strong growth trajectory.

Further, Ind-Ra has upgraded the Company’s Non-convertible debentures (NCDs) to ‘IND A+’ from ‘IND A’ with Stable outlook for issue size of INR 8,500 million, Bank loans to ‘IND A+’/Stable for issue size of INR 18,500 million and Sub-debt to ‘IND A+’/Stable for issue size of INR 500 million. The rating upgrade reflects UGRO’s rapid expansion and growth in franchise, driven by its diverse funding mix, healthy capital buffers, and comprehensive product offerings tailored to MSMEs. UGRO’s geographic and sectoral diversification, along with its strategic partnerships and technological advancements, have been pivotal in achieving this milestone.

Mr. Shachindra Nath, Founder and Managing Director of UGRO Capital, expressed his enthusiasm about the rating upgrade, stating, “We are thrilled to receive the highest rating of ‘IND A+’ from India Ratings and Research. This upgrade is a testament to our strategic vision, robust financial performance, and unwavering commitment to our belief since inception – that MSME Accha Hai. India’s MSME need affordable cost of borrowing, UGRO ability to lend at affordable rates is a function of its own cost of borrowing and hopefully lenders would take notice of this upgrade and our cost of borrowing would come down over period of time with this rating upgrade.”

UGRO’s asset under management (AUM) saw a multi-fold increase, reaching INR 90.4 billion at the end of FY24 from INR 13.2 billion at the end of FY21. This growth was significantly supported by its off-book portfolio, which grew to INR 40.8 billion from just INR 0.11 billion in FY21. The on-book AUM also showed a robust compound annual growth rate (CAGR) of 56% during the same period.

The company has successfully forged 12 co-lending and co-origination partnerships, including 6 with public sector banks, and nearly 30 fintech partnerships. UGRO has also expanded its branch network from 25 to over 150, with plans to increase to 250 branches, emphasizing micro-branches.

UGRO has demonstrated a strong track record of capital raising, with significant equity infusions totalling INR 12.7 billion in the fourth quarter of FY24 and additional capital raised in Q1FY25. The company’s capital base stood at INR 14.38 billion at the end of FY24 and would have 27 billion Capital by end of FY 26. It has a capital adequacy ratio of 20.75% and a steady leverage ratio of 3.2x.

UGRO continues to focus on funding MSMEs with diversified exposure across various segments, including property-secured loans, machinery financing, retailer financing, and business loans. The company’s strategic shift towards high-yielding products and increased emphasis on micro-loans is expected to enhance profitability and margins.

Investments in technology infrastructure, data analytics, and a blend of physical and digital frameworks have positioned UGRO Capital for continued growth. The acquisition of MyShubhLife, an embedded finance fintech platform, will further enable UGRO to target the high-yielding retailer financing segment.

UGRO’s funding mix is well-diversified, with mobilized funds from 57 financiers, including major public and private sector banks. The company maintains a strong liquidity position, with a total liquidity of around INR 7.0 billion at the end of Q1FY25, covering debt obligations for 3 months without considering collections.

About UGRO Capital Ltd (NSE: UGROCAP) (BSE: 511742)

UGRO Capital Limited is a DataTech Lending platform, listed on NSE and BSE, pursuing its mission of “Solving the Unsolved” for the small business credit gap in India, on the back of its formidable distribution reach and its Data-tech approach.

The Company’s prowess in Data Analytics and strong Technology architecture allows for customized sourcing platforms for each sourcing channel. GRO Plus module which has uberized intermediated sourcing, GRO Chain, a supply chain financing platform with automated end-to-end approval and flow of invoices, GRO Xstream platform for co-lending, an upstream and downstream integration with fintechs and liability providers, and GRO X application to deliver embedded financing option to MSMEs. 

The credit scoring model GRO Score (3.0) a statistical framework using AI / ML driven statistical model to risk rank customers is revolutionizing the MSME credit by providing on-tap financing like consumer financing in India.

UGRO has executed Co-lending model in India which is prevalent in the West through Co-Lending relationships with 10+ Large Public Sector Banks and large NBFCs and built a sizeable off-balance sheet asset of more than 46% of its AUM through the GRO Xstream platform.

The Company is backed by marquee institutional investors (raised INR 900+ Cr of equity capital in 2018, INR 340 Cr in 2023 and INR 1265 Cr in 2024) and aims to capture 1% market share over the next three years. For more information, please visit: http://www.ugrocapital.com/

 

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Moonlock by MacPaw Wins Red Dot Award 2026

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48 minutes ago

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September 7, 2026

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Moonlock earns recognition in the Interface & User Experience Design category, proving that thoughtful design belongs in cybersecurity as much as anywhere else.

BOSTON, Sept. 7, 2026 /PRNewswire/ — MacPaw is proud to announce that Moonlock, its antivirus and protection app for Mac users, has been named a winner of the 2026 Red Dot Award: Brands & Communication Design, recognized in the Interface & User Experience Design category. The award is an international mark of design excellence, judged on the strength of an idea, its execution, and its real-world impact.

Since launching in October 2025, Moonlock has taken a different approach to cybersecurity, reflected in every detail of the app. Its intuitive interface, plain-spoken copy, and hand-drawn illustrations replace the cold, technical tone common to security software. The result is a security app making protection feel easy and stress-free for everyone, expert or not.

Clear, human, beautiful products are a core MacPaw value, and the company pays attention to every detail, from aesthetics to user experience. Moonlock is no exception: it was built to make cybersecurity accessible to everyone, whatever their background — and design is central to that mission.

“Cybersecurity has a reputation for being intimidating — all alerts and jargon, with the sense that you need to be an expert just to stay safe. We built Moonlock to change that,” said Oleg Stukalenko, Head of Product Management at Moonlock by MacPaw. “From the start, we wanted it to feel human and welcoming, so that online protection becomes a natural part of everyday life rather than something people worry about. We think of design as everything someone actually experiences with us, not just the screen in front of them. Having the Red Dot jury recognize that work means a lot to the whole team.”

The Red Dot Award: Brands & Communication Design celebrates the craft behind how a product looks, feels, and speaks to the people who use it. Held since 1993, the competition is open to established and emerging designers, agencies, and companies across 18 categories. Each year, an international jury of 30 experts from design, science, media, and consultancy evaluates the entries, bringing a wide range of professional and cultural perspectives to every decision.

With this win, Moonlock continues MacPaw’s legacy of design excellence. It is the company’s fourth Red Dot Award: in 2017, Gemini 2 became the first macOS application to win the honor, followed by CleanMyMac in 2021 and CleanMy®Phone in 2024.

About Moonlock

Moonlock is a part of the MacPaw ecosystem that offers simple, approachable, and stress-free Mac protection and antivirus capabilities.

About MacPaw

MacPaw is a global technology company founded in Kyiv, Ukraine, with offices in Boston, MA and the EU, creating a digital ecosystem for Mac users. Combining capabilities such as system care, cybersecurity, app discovery, and more, the ecosystem aims to unite MacPaw’s suite of software, third-party tools, and AI solutions to collaborate on behalf of the user. Through Eney, an AI-powered assistant and the interface of the ecosystem, MacPaw aims to help users and developers within their workflows, driving the next generation of human-computer interaction.

Contacts

pr_team@macpaw.com 

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SOURCE MacPaw

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DBGallery Delivers “AI Knowledge Layer for Visual Assets,” Bringing Automated Enterprise DAM to Organizations of All Sizes

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48 minutes ago

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September 7, 2026

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Automated AI metadata converts photos and videos into structured organizational knowledge, transforming digital chaos into a strategic advantage without the manual effort.

TORONTO, Sept. 7, 2026 /PRNewswire-PRWeb/ — DBGallery today announced the expansion of its visual intelligence capabilities, formally positioning its platform as an AI Knowledge Layer for Visual Assets for organizations and teams of all sizes. By replacing manual keywording with automated AI metadata analysis, DBGallery converts raw photos, graphics, and video into rich, structured organizational knowledge the moment they are uploaded.

For years, visual assets lost value because nobody had the bandwidth to tag them. With an automated metadata layer, that changes completely. Visual media becomes instantly discoverable, creating compounding, multi-year value, and puts DAM within reach of more organizations.

Historically, Digital Asset Management (DAM) was reserved for large media organizations with dedicated archiving staff. Resource-constrained teams across tourism boards, municipalities, higher education, non-profits, and marketing teams across numerous industries were locked out by the sheer labor required to manually tag thousands of files—turning vast digital asset libraries into unsearchable “file graveyards.”

DBGallery’s AI Knowledge Layer changes that economic equation by shifting DAM from a labor-intensive requirement into an automated, accessible workflow hub.

“For years, visual assets lost value over time because nobody had the bandwidth to tag them properly,” said Glenn Rogers, Director of Product and Project Management at DBGallery. “When you introduce an automated metadata knowledge layer, that changes completely. Visual media becomes instantly discoverable through structured context, custom prompt targeting, embedded OCR text, and interactive video transcripts. The metadata doesn’t just solve today’s search, it creates compounding, multi-year value for the entire organization, and brings DAM within reach to more organizations.”

Key Capabilities of the DBGallery AI Knowledge Layer include:

Automated Auto-Enrichment: Extracts OCR text from images and PDFs, identifies objects and faces, and summarizes photo and video content upon upload or subsequent batch analysis.Custom AI Description Prompts: Admins and users can tailor global or image-specific prompts to extract structured domain data—ranging from architectural style identification and brand compliance to social media captions and emotional tone analysis—and can be outputted as HTML or JSON for direct ingestion into websites or ERP systems.Interactive Video Transcription & Timelines: Generates time-stamped, sentence-by-sentence spoken transcripts aligned with video playback, allowing teams to click any transcript line to jump instantly to that exact moment in the video.Non-Spoken Scene Analysis: Automatically inserts AI visual scene descriptions into pauses in speech or non-verbal video clips, ensuring complete visual context alongside spoken transcripts.

This AI framework is integrated directly into DBGallery’s production-proven platform, capable of scaling to millions of assets and thousands of users. Designed specifically for multi-user team collaboration, the platform combines Single Sign-On (SSO) and granular action-level permissions with full audit trails, custom metadata fields, usage analytics, and cloud or on-premises deployment options.

By combining cutting-edge AI automation with a secure, highly scalable foundation, DBGallery allows organizations of any size to deploy enterprise-grade digital asset management without adding administrative headcount or compromising on data governance.

To explore the AI Metadata Value Chain or learn more about DBGallery’s enterprise AI capabilities, visit https://dbgallery.com/ai.

About DBGallery

DBGallery is a leading Digital Asset Management (DAM) platform trusted by over 100+ brands across more than 25 countries, ranging from non-profits and educational institutions to global enterprise organizations. By combining scalable SaaS or on-premises architecture with powerful AI metadata automation, DBGallery empowers teams of any size to organize, discover, and turn visual media into structured, searchable business data. Learn more at https://dbgallery.com and https://dbgallery.com/ai.

Media Contact

Glenn Rogers, DBGallery, 1 8888080381, grogers@dbgallery.com, https://dbgallery.com

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Coda Launches Fresh Coda.co Website, Built for Publisher Growth

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September 7, 2026

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SINGAPORE, Sept. 7, 2026 /PRNewswire/ — Coda today launched a revamped Coda.co website, creating a more comprehensive destination to explore Coda’s products, pricing, insights, and global capabilities.

The new Coda.co has been rebuilt to meet the needs of Coda’s B2B audiences, with gaming remaining at the heart of Coda’s business and expertise. The site also reflects how Coda is bringing that experience to a growing range of digital commerce businesses across entertainment, education and other verticals.

Designed to make it easier to evaluate opportunities with Coda, the site brings together practical information on market dynamics and local payment preferences alongside richer product pages, case studies and pricing.

The new Market Guides provide a country-level view of consumer behavior, payment preferences, and growth opportunities across 49 markets, while the Payment Guides go deeper on 94 individual payment methods worldwide, covering reach, adoption, and integration considerations.

Coda has also introduced a dedicated Pricing page that offers greater transparency into standard and custom pricing options, payment method coverage, and other commercial considerations. This sits alongside an expanded repository of case studies, white papers, and blog posts, providing deeper insight into why businesses choose Coda and how they use its Merchant of Record service and broader product suite to grow revenue, enter new markets, and build stronger direct-to-consumer channels with ease.

Shane Happach, CEO of Coda, said, “Publishers and brands are making decisions across more markets, payment methods and channels than ever. Our job is to bring clarity to that complexity. The new Coda.co provides a sharper view of the commercial opportunities we see and how Coda’s products and services help our partners turn that potential into meaningful growth. Gaming remains central to Coda, and the expertise we’ve built in the industry continues to shape how we help partners grow across digital commerce.”

The new Coda.co launch marks another milestone in Coda’s evolution as a global digital commerce leader, with a site designed to grow alongside its products, partnerships, and ambitions. The website will be available in Japanese, Chinese, and South Korean languages by the end of the year.

Learn more at the new www.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 670+ 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 customized 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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