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Inflation, debt pile up Ghanas economy under pressure

With widespread inflation that has reached approximately 40% and a sharp decline in value relative to the US dollar, Ghana is going through a severe e

With widespread inflation that has reached approximately 40% and a sharp decline in value relative to the US dollar, Ghana is going through a severe economic crisis. The scenario has led to numerous rallies against President Nana AkufoAddo in the West African nation. He attributed the problem to malevolent forces, which he used to describe the COVID and Russias invasion of Ukraine. The government of Ghana attributed some of the causes of the economic crisis on the epidemic and the conflict in Ukraine. But the nation also had to deal with the decline of the Cedi, its currency, which this year has had one of the worst performances globally versus the dollar. Read More..

B2B Tech News | 2 years ago        

Increased Fraud Detection and Identity Check FrankieOne raises another $23 million

Through an extension, FrankieOne has more than doubled its Series A round from last year. FrankieOne, a global API platform for identity verification

Through an extension, FrankieOne has more than doubled its Series A round from last year. FrankieOne, a global API platform for identity verification and fraud detection, has seen fourfold revenue growth in the last year. The company now operates in 48 markets, connecting banking, fintech, cryptocurrency, and gaming companies to hundreds of data sources. The Series A+ round is the most money ever raised by an Australian regtech company. The previous Series A round was worth $20 million, in addition to a $2 million seed round. Binance Labs and Kraken Ventures join as strategic investors in the companys latest round. Read More..

B2B Tech News | 2 years ago        

With $369 billion in assets under management, the Carlyle Group launches a new $3 billion campaign

Carlyle Group has raised $3.12 billion for a panEuropean technology fund with an investment target of 20 to 30 companies. The firm will commit to a ma

Carlyle Group has raised $3.12 billion for a panEuropean technology fund with an investment target of 20 to 30 companies. The firm will commit to a majority stake in the majority of these investments, but approximately 15% of the fund will be reserved for growth equity deals. The Carlyle Group focuses on lower midmarket and growthstage European B2B technology companies. Read More..

B2B Tech News | 2 years ago        

Director of SoftBank Investment Advisors resigns

Anna Lo left her executive position, which she has held since 2017. She had spent 16 years working for SoftBank and had also held the position of dire

Anna Lo left her executive position, which she has held since 2017. She had spent 16 years working for SoftBank and had also held the position of director at SoftBank Group International. Lo was based in Singapore to work on the SoftBank Vision Fund, which predominantly finances privately held businesses with an AI focus. According to reports, the Vision Funds portfolio worth decreased and it lost $50 billion in the first half of 2022. Read More..

B2B Tech News | 2 years ago        

Indonesian company Ajaib lays off 8% of its workforce

Ajaib, an Indonesian investing platform, has laid off 67 workers, or 8% of its total workforce. Affected employees will get severance pay in addition

Ajaib, an Indonesian investing platform, has laid off 67 workers, or 8% of its total workforce. Affected employees will get severance pay in addition to an annual service bonus of one extra months pay. Ajaib has also chosen to voluntarily lower managerial pay and forgo cofounders salary as a further measure. The announcement follows other layoffs that have affected Indonesias startup ecosystem this month. GoTo Group, a tech giant, laid off 1,300 workers in addition to the macroeconomic recession. Read More..

B2B Tech News | 2 years ago        

Amie landed $7 million for her authoritative calendar and todo app

The business is constructing a productivity tool centred on your calendar. It enables you to manage your forthcoming chores, connect with your team, a

The business is constructing a productivity tool centred on your calendar. It enables you to manage your forthcoming chores, connect with your team, and remain on top of your schedule. The newest crop of calendar startups, such as Vimcal, Magical, Fantastical, Cron, and Rise, compete with Amie. Amie includes social and multiplayer elements as well. Every week, the company adds new users, and it intends to go public in 2023. Users must join a waitlist if they wish to test out Amie. Read More..

B2B Tech News | 2 years ago        

Finastra reaffirms its commitment to growth in AsiaPacific with its center of excellence

Finastra has announced the establishment of a new Center of Excellence COE at MRANTI Technology Park in Bukit Jalil, Kuala Lumpur, Malaysia. MRanti is

Finastra has announced the establishment of a new Center of Excellence COE at MRANTI Technology Park in Bukit Jalil, Kuala Lumpur, Malaysia. MRanti is a centre for technological advancement, commercialization, and scientific excellence. Finastras Lending, Universal Banking, Payments, and Treasury & Capital Markets software solutions will be promoted by the new COE throughout the region. Finastra has established an Excellence Center in Kuala Lumpur, Malaysia. MRANTIs vision is to serve as a connector, incubator, and catalyst for ideas from concept to impact. Vista Equity Partners, Finastras investor, supports the move. Read More..

B2B Tech News | 2 years ago        

Now a different leadership is needed BOQ part ways with CEO George Frazis

Today, Bank of Queensland stated that it had parted ways with managing director and CEO George Frazis. A replacement top executive has already been id

Today, Bank of Queensland stated that it had parted ways with managing director and CEO George Frazis. A replacement top executive has already been identified, according to the company. Prior to his three years at BOQ, Frazis spent a decade in top positions at the Westpac Group ASX WBC, serving as CEO of the subsidiary St George Banking Group and Westpac New Zealand, as well as chief executive of Westpacs Consumer Bank, which generates the majority of the groups revenue. Jon Sutton, who stepped down as CEO of BOQ in December 2018 to focus on his longterm health following a triple heart bypass, was replaced by Frazis. 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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