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With $608 million, Kenya leads African startups in debt funding.

According to a report by Partech Africa, 15 debt investment rounds totaling $608 million were raised by Kenyan entrepreneurs in 2022. 84% of debt fina

According to a report by Partech Africa, 15 debt investment rounds totaling $608 million were raised by Kenyan entrepreneurs in 2022. 84% of debt finance on the continent was provided by fintech 45% and cleantech 39% companies. Due to the difficulty in obtaining equity capital, many African entrepreneurs opted for debt financing. With $1.9 billion from investors on the continent, fintech continues to be the industry with the greatest funding. Growth stage funding only received $69 million, while seed stage funding received 212 million dollars. Women in Kenya and Nigeria established startups that raised $146 million and $127 million, respectively. Read More..

B2B Tech News | 2 years ago        

Argentina and Brazil Examine a Common Currency.

The feasibility of introducing a single currency for Latin America is being researched by Brazil and Argentina. According to the Financial Times, the

The feasibility of introducing a single currency for Latin America is being researched by Brazil and Argentina. According to the Financial Times, the action may eventually lead to the formation of the secondlargest currency bloc on earth. The concept will be discussed by the two nations this week at a conference in Buenos Aires. In contrast to the euros 14% share of global GDP, a monetary union would account only 5% of it. The first regional bank on the continent to introduce a standard digital currency is the Bank of Central African States BEAC. The Banks board was persuaded to move forward with the change last summer by its board. The U.S. Federal Reserve is working with a group of top commercial banks on a watershed project involving digital currencies. Read More..

B2B Tech News | 2 years ago        

Distress over a Made in America law among Europeans at Davos.

The provision in the law for $369 billion for lowemissions energy and green technology concerns Europeans. They are concerned that major projects will

The provision in the law for $369 billion for lowemissions energy and green technology concerns Europeans. They are concerned that major projects will be awarded to the United States rather than Europe. During meetings in Davos, Switzerland, the phrase trade war was mentioned several times. European delegates at Davos call for a strong response to US legislation in order to boost investments in clean technology and energy. The EU should use some of the money from a postpandemic recovery fund worth 700 billion euros $760 billion to boost the regions competitiveness. Read More..

B2B Tech News | 2 years ago        

To strengthen its presence in Colombia, Nubank secures a loan for US$150 million.

One of the biggest digital banks in the world, Nubank, based in Brazil, announced a US$150 million loan from the International Finance Corporation IFC

One of the biggest digital banks in the world, Nubank, based in Brazil, announced a US$150 million loan from the International Finance Corporation IFC to enhance access to financial services in that market and support the expansion of its operations there. David Vélez, the CEO and founder of the company, was born and raised in Colombia, which has been operating this fintech since 2020 after opening in Mexico 2019 and Brazil 2013. Nu Colombia is the nations fastestgrowing card issuer, with more than 400,000 cards issued in the previous 10 months, and customers in all regions and in nearly 80% of towns, according to company statistics. This is IFCs first financial commitment to a Latin American and Caribbean online bank. Read More..

B2B Tech News | 3 years ago        

Lender Pezesha selects licenses to conduct business fully in Uganda.

The B2B online lending infrastructure provider Pezesha has announced that it is now fully authorised to conduct business in Uganda. The business, whi

The B2B online lending infrastructure provider Pezesha has announced that it is now fully authorised to conduct business in Uganda. The business, which secured a preseries A investment of KES 1.32 billion USD 11 million in August of last year, led by Womens World Banking Capital Partners II WWBCP II, has been looking for ways to expand its operations and penetrate new African markets. It has been providing its services in Kenya and Ghana for a very long period. Pezesha has now made hints that it may expand to additional African nations, including Nigeria and Rwanda, in the near future. Read More..

B2B Tech News | 3 years ago        

According to a SAP Study, 59% of Indian businesses believe that environmental protection increases profitability.

The global Environmental Sustainability Study of 6500+ business leaders, including 400 from India, is the second edition of SAPs annual report that in

The global Environmental Sustainability Study of 6500+ business leaders, including 400 from India, is the second edition of SAPs annual report that investigates the incentives and hurdles that organisations confront as they seek to increase sustainability in their organisations. Environmental activism 45% is the most powerful motivator for firms to take environmental action, followed by income and expansion potential 34%, and customer demand 33%. However, Indian organisations risk losing out if they do not put data at the centre of their sustainability strategy. The following are the studys key findings Connecting environmental objectives to corporate strategy A lack of environmental strategy is holding back 37% of Indian firms. Read More..

B2B Tech News | 3 years ago        

With a $250 million contract, Sundram Fasteners benefits.

Sundram Fasteners gained 1.20% to Rs 974.60 after the company announced a $250 million contract with a leading global automobile manufacturer to suppl

Sundram Fasteners gained 1.20% to Rs 974.60 after the company announced a $250 million contract with a leading global automobile manufacturer to supply subassemblies for its electric vehicle EV platform. The company plans to invest Rs 200 crore to support the new orders under the sixyear purchase package, which includes the supply of shaft and drive gear subassemblies. The parts will be serviced from the companys North American warehouse. The contract is one of the largest ever won by an Indian supplier for this range of products for an EV platform. Read More..

B2B Tech News | 3 years ago        

Dock introduces a platform that offers financial services throughout Latin America.

A platform that Dock has developed enables businesses to provide financial services to clients in Latin America. Through a single application program

A platform that Dock has developed enables businesses to provide financial services to clients in Latin America. Through a single application programming interface API, the new Dock One cloudbased platform enables enterprises to grow into nations around Latin America and add new firms to their operations, according to a press release issued by Dock on Tuesday, January 17. According to the announcement, once a customer is incorporated into the platform, they can utilise the same technological stack abroad as well. According to the press announcement, Dock One will be introduced in additional regions after its debut in Latin America. Read More..

B2B Tech News | 3 years ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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