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With almost 2,000 cars sold daily and nearly 750,000 vehicles sold on a yearly basis, the Egyptian used car market, representing a Gross Merchandise Value GMV of about $10 billion, is a very large but fragmented one.According to Omar El Defrawy, co-founder and CEO at Cairo-based used car online retailer Sylndr, the level of fra stanley cup gmentation is extremely apparent in the fact that none of the estimated 18,000 dealers in the market even has a 0.5% market share, posing significant challenges to businesses in terms of low margins and expensive logistics.Market fragmentation aside, he said the lack of trust between buyers and sellers 鈥?a common trend in emerging markets like Nigeria, Kenya, Mexico, Brazil and India 鈥?remains the biggest obstacle to industry growth. There is no proper marketplace for buyers and sellers to meet, and there is no incentive for dealers to be transparent about their product. Thats the core problem, El Defrawy told PYMNTS in an interview.As a result, most people resort stanley cup to classified ads, but the hassle of calling the seller, arranging a meeting and finding a mechanic to go and inspect the vehicle can be an extremely frustrating, time-consuming process altogether.In a country like Egypt, w stanley kubek here a $15,000 to $20,000 vehicle is a huge investment for individuals who earn lower than that amount in yearly wages, El Defrawy said these challenges combined make the vehicle purchasing decision very difficult. You shouldnt be in a place where youre not c Qdvz Ridesharing Startup Grab Aiming To Raise More Than $1B From Funding Round

ClearCompany is partner stanley cup ing with Human Capit stanley website al Management and payroll solutions company ADP to enhance its services.The companies announced聽news on Friday June 30 that they are partnering to integrate ADPs payroll, benefits administration, and time and attendance services into ClearCompanys talent management platform with a particular focus on small- and mid-sized businesses. By combining ClearCompany with ADP services, we are bringing a complete, modern and comprehensive HR solution to millions of employees currently leveraging both ADP and ClearCompany solutions, said ClearCompany CEO Andre Lavoie in a statement. Available today, ADP customers can experience a cutting-edge recruiting, onboarding and performance and goal management platform that is seamlessly integrated with their payroll, time and attendance and benefits. According to the companies, a large percentage of ClearCompany users are already using ADP solutions.Earlier this year ADP released new data on small business job growth.According to its report published in June, small businesses in the U.S. added 83,000 jobs in May, with companies of al stanley cup l sizes adding a combined 253,000 jobs. It was the second month in a row of rising hiring stats, but ADP revised small business hiring numbers for March and April to report lower job gains than previously estimated.Still, ADP and Moody agreed that the stats suggested small businesses remain confident about their economic positions in the market. On average, SME