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Vehicle financing startup Moove raises $30 million in debut sukuk

Moove, a Nigerian company that provides revenuebased vehicle finance, announced on Thursday that it is raising $30 million in a private placement Isla

Moove, a Nigerian company that provides revenuebased vehicle finance, announced on Thursday that it is raising $30 million in a private placement Islamic bond launch. Moove, which began in India and London this year, stated that it wants at least 60% of the vehicles it loans to be electric. Moove predicts that this fleet of EVs would contribute to a reduction of over 5,000 metric tonnes of carbon dioxide emissions each year, helping cities like Dubai meet their ambitious Net Zero ambitions, Ladi Delano, its cofounder and cochief executive, said in a statement. Read More..

B2B Tech News | 2 years ago        

60,000 Australian crypto accounts in limbo on two admin exchanges

With the demise of two exchanges, Brisbanebased Digital Surge and the Australian division of Sam Bankmanbankrupt Frieds behemoth, 60,000 Australian cl

With the demise of two exchanges, Brisbanebased Digital Surge and the Australian division of Sam Bankmanbankrupt Frieds behemoth, 60,000 Australian clients are now impacted by the crypto crunch, which has continued to have a negative impact on enterprises in the industry after the collapse of FTX. The voluntary administrators of FTX Australia Pty Ltd and FTX Express Pty Ltd stated in an update today that obtaining the information required to identify the specific positions of affected clients was their top priority. Read More..

B2B Tech News | 2 years ago        

South Korean gaming giant WeMade is looking to buy back tokens after delisting Saga

WeMade, a South Korean video game juggernaut, founded the Web3 gaming network WeMix, which recently revealed plans to buy back and burn $10 million wo

WeMade, a South Korean video game juggernaut, founded the Web3 gaming network WeMix, which recently revealed plans to buy back and burn $10 million worth of WeMix and WeMix Classic tokens. The move was made in response to the delisting of the token from four South Korean cryptocurrency exchanges, Upbit, Bithumb, Coinone, and Korbit, as a result of a disparity between the number of tokens in circulation and what was stated by WeMix. To maintain token pricing, tokens obtained through the buyback procedure will be moved to a dead wallet. According to data from CoinMarketCap, the price of WeMix fell by 80% from roughly US$1.50 before the delisting news to US$0.3 right now. Read More..

B2B Tech News | 2 years ago        

9fin Raises $23M Series A+ to Accelerate Growth Plans in North America

With participation from current investors Redalpine, AI Seed, Seedcamp, 500 Startups, and Ilavska Vuillermoz Capital, 9fin, an analytics platform for

With participation from current investors Redalpine, AI Seed, Seedcamp, 500 Startups, and Ilavska Vuillermoz Capital, 9fin, an analytics platform for the debt capital markets, today announced a $23 million Series A+ round. Spark Capital, a new investor, served as the rounds lead investor. Alex Finkelstein, general partner of Spark Capital, will join the board of 9fin. The additional funding will be used to grow the 9fin team, increase its market share in the US, and introduce new asset classes to its offering. Read More..

B2B Tech News | 2 years ago        

Mexican femtech Plenna raises $4.4 million for womens health platform

Femtech Plenna, a company with headquarters in Mexico, received a $4.4 million seed round from Urban Innovation Fund, with contributions from Canary V

Femtech Plenna, a company with headquarters in Mexico, received a $4.4 million seed round from Urban Innovation Fund, with contributions from Canary VC, Collaborative, 1984 VC, 500 Global, Bridge Latam, Amador Holdings, Nido Ventures, Integra Groupe, Phoenix Club, and other investors. Plenna is the first Mexican femtech company in Latin America to provide a comprehensive platform for health services. The femtech is rethinking womens care through a branded experience interwoven with technology and delivers hybrid care with its cuttingedge model. Through a directtoconsumer DTC strategy, Plenna provides inperson gynaecology treatments as well as virtual mental health, nutrition, gynaecology, and general care services. Read More..

B2B Tech News | 2 years ago        

Novatron wants to deliver fusion reactors from 2040 and receives a funding round of 3 million euros

In an effort to accomplish a goal sought after by scientists all over the world to introduce radioactivityfree nuclear to electricity grids, Swedens N

In an effort to accomplish a goal sought after by scientists all over the world to introduce radioactivityfree nuclear to electricity grids, Swedens Novatron Fusion Group hopes to offer a design for commercial fusion reactors by the year 2040. Novatrons efforts have received a boost with the official confirmation of its €3 million seed round from Stockholms KTH Royal Institute of Technology and EUbacked investor EIT InnoEnergy. Scientists are hopeful that fusion reactors could one day produce nuclear energy with zero emissions without the need to store radioactive plutonium, which poses minor risks but has the potential to have catastrophic meltdowns and nuclear waste getting into the wrong hands. Read More..

B2B Tech News | 2 years ago        

US ABB Corruption Scheme in South Africa Nearly Collapsed Over Loot Sharing

A debate over who would receive the proceeds nearly brought an end to a conspiracy by employees of the Swiss industrial company ABB Ltd. to pay bribes

A debate over who would receive the proceeds nearly brought an end to a conspiracy by employees of the Swiss industrial company ABB Ltd. to pay bribes for contracts at South Africas stateowned power utility, according to US court documents. The documents offer a new perspective on wrongdoing at Eskom Holding SOC Ltd., a power firm beset by declining finances and frequent blackouts. The lawsuit, brought by US prosecutors and regulators, also reveals how US policy has changed against organisations like ABB that have broken the law repeatedly. Read More..

B2B Tech News | 2 years ago        

EU strikes trade deal with Chile that will improve blocs access to key minerals

As Chile transitions away from Russian gas, the EU has reached a trade agreement with Chile that will make it simpler for Chile to get lithium, copper

As Chile transitions away from Russian gas, the EU has reached a trade agreement with Chile that will make it simpler for Chile to get lithium, copper, and other minerals essential to its renewable energy industry. According to the European Commission, Chile will remove tariffs on all imports except sugar and facilitate EU investment. As it attempts to diversify its resource imports away from China, Brussels views the Latin American nation as a crucial strategic ally. In exchange, Chile will get better access for its exports, especially food and business services.  With the new Advanced Framework Deal, the EU and Chile move their partnership to the next level to increase political discussion, deepen cooperation, and boost trade and investment prospects, states the historic agreement. Read More..

B2B Tech News | 2 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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