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Ellume was taken out of administration by a rapid test competitor for $57 million

Ellume, a Brisbanebased manufacturer of rapid COVID19 tests, has been taken out of administration by competitor Hough Consolidated. Ellumes USbased su

Ellume, a Brisbanebased manufacturer of rapid COVID19 tests, has been taken out of administration by competitor Hough Consolidated. Ellumes USbased subsidiary, which is 100% owned by the Australian company but was not placed into voluntary administration alongside its parent, is also included in the sale. Ellumes Australian subsidiary had 215 employees as of September 1. This compares to confirmed assets valued at approximately $39 million, including $1.5 million in cash. In September, the company went into voluntary administration, just months after opening a 20,000squaremeter facility in the United States. Read More..

B2B Tech News | 2 years ago        

Strike launches ultrafast money transfers to Africa

Strike, the worlds leading digital payments platform built on Bitcoins Lightning Network, announced today the availability of its Send Globally feat

Strike, the worlds leading digital payments platform built on Bitcoins Lightning Network, announced today the availability of its Send Globally feature, which enables instant, lowcost payments to Africa. Send Globally is now available to all Strike users in the United States, with initial coverage for Nigeria, Kenya, and Ghana. A Strike user can use Send Globally to send money to Nigeria, Ghana, and Kenya instantly and with no transaction fees. Payments are instantly converted to naira, cedi, or shillings and deposited directly into the bank, mobile money, or Bitnob account of the recipient. Send Globally accelerates, reduces the cost of, and simplifies payments to Africa, particularly in countries with few options for crossborder money transfers. Read More..

B2B Tech News | 2 years ago        

Singapores Osome banks $25m in Series B funds

Osome, an AIpowered startup aiming to digitise corporate management, has raised $25 million in series B funding from Illuminate Financial, AFG Partner

Osome, an AIpowered startup aiming to digitise corporate management, has raised $25 million in series B funding from Illuminate Financial, AFG Partners, and Winter Capital. According to Osome, revenue has doubled since November 2019, with customer numbers increasing twofold since 2021. So far, the company claims to have assisted in the establishment of 11,000 businesses. The Singaporebased company intends to use the new funds to expand its operations in Asia, specifically in Singapore and Hong Kong. Osome raised $3 million in a round led by international venture capital firm Target Global in November 2019. Read More..

B2B Tech News | 2 years ago        

US lawmakers authorize $800 million more for Ukraine in defense bill

With $11.5 billion in new investments, the bill also strengthens the Pacific Deterrence Initiative. It gives the goahead for the Taiwan Enhanced Resil

With $11.5 billion in new investments, the bill also strengthens the Pacific Deterrence Initiative. It gives the goahead for the Taiwan Enhanced Resilience Act of 2022, which will increase security cooperation with Taiwan. The NDAA covers everything from pay raises for US troops to the number of ships or aircraft that can be purchased. The fiscal 2023 NDAA is expected to pass the Senate and House this month before being sent to the White House for Bidens signature. The bill authorises additional funding for the development of hypersonic weapons, the closure of the Red Hill Bulk Fuel Storage Facility in Hawaii, and the purchase of existing weapons systems. Read More..

B2B Tech News | 2 years ago        

Curve ups its lending game with a $1 billion facility from Credit Suisse

Curve, a Londonbased financial fintech, has secured $1 billion in funding from Credit Suisse, which will allow the company to expand its lending busin

Curve, a Londonbased financial fintech, has secured $1 billion in funding from Credit Suisse, which will allow the company to expand its lending business, Curve Flex, across the UK, EU, and US markets. Curve Flex launched a swipe now to pay later SNPL product in the UK, allowing customers to split any Curve card transaction into three, six, nine, or twelve monthly instalments. Curve, which was founded in 2018, has raised more than $180 million in equity investment, including crowdfunding campaigns, and has over 4 million customers worldwide. Read More..

B2B Tech News | 2 years ago        

$500 Million Balmain Leagues Club Redevelopment With Rozelle Village Scheduled To Begin Mid2023

The designs for the rebuilding of the former Balmain Leagues Club have been revised by developer Heworth. Since the club shut down more than 12 years

The designs for the rebuilding of the former Balmain Leagues Club have been revised by developer Heworth. Since the club shut down more than 12 years ago, the longabandoned location has fallen into disrepair. The retail district, public plaza, and new town square will all be part of Rozelle Village. The retail portion of Rozelle Village is anticipated to be anchored by a sizable supermarket, substantially enhancing convenience for the neighbourhood. Prior to the start of sales, interested parties will be able to inspect this in early 2023. It has taken years to plan the renovation of the former Balmain Leagues Club. Read More..

B2B Tech News | 2 years ago        

IMDA is launching a $3.7 million fund for the SG media industry

Singapores Infocomm Media Development Authority IMDA has announced the launch of a S$5 million US$3.7 million Virtual Production Innovation Fund to as

Singapores Infocomm Media Development Authority IMDA has announced the launch of a S$5 million US$3.7 million Virtual Production Innovation Fund to assist the citymedia states industry in leveraging virtual production technology. The technology creates realistic backgrounds for television or film production by using LED screens powered by a video game engine. In addition, IMDA will collaborate with local businesses to test virtual production for shortform content. In addition, IMDA is working with Epic Games, the creators of the 3D development tool Unreal Engine, to host an industry challenge in the first quarter of 2023. Read More..

B2B Tech News | 2 years ago        

After raising $15.3 million in funding, US behemoth Salesforce collaborates with software upstart Apromore

Apromore, a software firm from Melbourne, has partnered with Salesforce after the US company took part in the companys $15.37 million $10.3 million fu

Apromore, a software firm from Melbourne, has partnered with Salesforce after the US company took part in the companys $15.37 million $10.3 million funding raise. With the use of process mining, users may quickly and objectively find processes at scale, analyse business processes, and identify areas of friction, inefficiency, and noncompliance. Large organisations are using it more frequently in an effort to avoid potential issues when adopting digital transformation initiatives. One of the few investments made by Salesforce this year is Apromore, a product of research from the University of Melbourne that was turned into a business. Since 2019, Apromore has formed significant international alliances with companies including Deloitte, FPT Software in the US and Asia, and Heartcore in Japan. 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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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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