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Quinio ecommerce aggregator raises $ 40 million in stock and debt

Quinio, a Mexican ecommerce aggregator, raised $40 million in loan and equity. The business model of Merama, a unicorn startup in Mexico, is comparabl

Quinio, a Mexican ecommerce aggregator, raised $40 million in loan and equity. The business model of Merama, a unicorn startup in Mexico, is comparable to that of Quinio. Quinio invests in, runs, and develops ecommerce firms started by regional business owners that have room for expansion. The company presently employs 100 people and has brands in the home, beauty, and health sectors in Mexico, Colombia, Chile, and the United States. Quinio anticipates $50M in recurring revenue by the end of 2022. Read More..

B2B Tech News | 2 years ago        

War hampers financial liberalization in Ethiopia

Foreign banks are likely to be allowed to apply for their own banking licences and own up to 30% of Ethiopian banks, with foreign individuals owning u

Foreign banks are likely to be allowed to apply for their own banking licences and own up to 30% of Ethiopian banks, with foreign individuals owning up to 5%. Domestic banks have enjoyed a return on equity of more than 20% in recent years, but competition may cause this figure to fall. Read More..

B2B Tech News | 2 years ago        

Former Courtenay House manager pleads guilty to $180m Ponzi scheme

Tony Iervasi was the only director of The Courtenay House companies for many years. He admitted running a $180 million Ponzi scam that defrauded 585 i

Tony Iervasi was the only director of The Courtenay House companies for many years. He admitted running a $180 million Ponzi scam that defrauded 585 investors over the period of more than six years. He pleaded guilty to four counts of engaging in dishonest behaviour between December 13, 2010 and April 21, 2017. Following an inquiry and referral by the Australian Securities and Investments Commission, the Commonwealth Director of Public Prosecutions is prosecuting the case. Read More..

B2B Tech News | 2 years ago        

Japans NTT Docomo will launch a $4 billion Web3focused company.

According to Nikkei Asia, Japanese mobile operator NTT Docomo has set aside 500 billion yen to 600 billion yen US$3.4 billion to US$4 billion to inves

According to Nikkei Asia, Japanese mobile operator NTT Docomo has set aside 500 billion yen to 600 billion yen US$3.4 billion to US$4 billion to invest in Web3 technology. According to Nikkei Asia, the funds will be used to establish a company that will develop blockchainbased solutions. It will go into service in 2023. This is not NTT Docomos first foray into Web3. Earlier this year, the company announced the establishment of a metaverse unit. Qonoq was last reported to have 200 employees. Qonoqs $412 million budget is focused on several functions, including the creation of metaverse experiences via XR World and virtual concert channel Matrix Stream. It also allows businesses to Read More..

B2B Tech News | 2 years ago        

Norwegian KYC platform Strise raises 3.3 million euros

Strise closed a €3.3 million round to expand the companys European marketplace presence and launch Strise Global, their new product for counterparty

Strise closed a €3.3 million round to expand the companys European marketplace presence and launch Strise Global, their new product for counterparty due diligence and global sanctions checks, on November 9th. Strise, which launched in 2020, has Nordea, Danske Bank, and the SpareBank1 Alliance as customers. Read More..

B2B Tech News | 2 years ago        

Census data shows the full extent of interstate migration to the QLD

In the five years prior to the 2021 Census, Queensland saw a population increase of over 100,000. The net gain is around 2% of the total population of

In the five years prior to the 2021 Census, Queensland saw a population increase of over 100,000. The net gain is around 2% of the total population of the state. More than 102,000 people left New South Wales for other states or territories, which resulted in the biggest net loss. There was a net loss of 160,100 residents from Australias capital cities throughout the five years leading up to 2021. The majority 87% of those who did move did so within the same state. The least likely to have relocated were those employed in the cattle or toolmaking industries. Read More..

B2B Tech News | 2 years ago        

AIF 2022 closes cautious optimism and billions of investments

The African Development Bank AfDB and its partners were successful in attracting $31 billion in investment interest from African and worldwide investo

The African Development Bank AfDB and its partners were successful in attracting $31 billion in investment interest from African and worldwide investors. With a total investment interest of $63.8 billion in 2022, the forum has more than doubled its capital mobilisation. Its an entirely different approach to doing business in Africa, AfDB President Dr. Akinwumi Adesina adds. The AIF expedition took place in a stressful business climate, as the continent is still reeling from the effects of the present economic crisis. Read More..

B2B Tech News | 2 years ago        

Qantas sells stake in Helloworld for $33 million

Helloworlds remaining 12.4% interest in Qantas Group was sold for about $33 million. The shares were sold for $1.72 per share, with the transaction be

Helloworlds remaining 12.4% interest in Qantas Group was sold for about $33 million. The shares were sold for $1.72 per share, with the transaction being recorded in Qantas FY23 records. This comes after COVID19 cost the airline over $7 billion in accumulated damages. 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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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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