Los Angeles based data startup dataPlor has been selected to join the 10th Cohort of Blue Startups, a Top 20 US Accelerator. Blue Startups invests in technology-based companies that can scale fast and have global market potential, with special expertise in Asian markets.
Dataplor’s CEO and Founder, Geoffrey Michener, has been selected to attend Wolves Summit as a featured start-up guest and speaker.
For the past several years, most reputable research firms and consulting groups have echoed the same piece of advice for CPG companies: Invest in Emerging Markets. When reading through the“ “forward looking trends” compilations from these think-tanks, many consider it the most critical pillar for revenue growth.
DataPlor’s founder Geoff Michener spoke at Street Fight Summit West last week about redefining how companies approach emerging market local business data and why it matters. Dataplor was featured as an up and coming startup along with five other companies disrupting their industries and solving big problems in innovative ways.
At dataPlor, we know that emerging markets are one of the best places to look for revenue growth. Economic growth is decelerating in developed countries, venture investment is going down, and competition is high in most industries.
One industry on track to experience high growth insync with the economic trend of emerging markets is mobile payments. Specifically the kind that attach to smartphones—Mobile Card Readers (or MCRs). According to Technavio Research, the MCR market will grow 54% from 2017 to 2021, largely supported by growing economies in LATAM, Southeast Asia, and Africa.
Emerging Market expansion is a hot topic in business today. Gartner research reports that 40-60% of business growth will come from emerging economies in the next decade.