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J&T Express appoints Lionel Messi as first global ambassador

In an effort to boost the brand through partnerships with regional network partners, Indonesiabased logistics company J&T Express has appointed footba

In an effort to boost the brand through partnerships with regional network partners, Indonesiabased logistics company J&T Express has appointed football star Lionel Messi as the organizations first worldwide ambassador. The attacker for Argentina and Paris SaintGermain is one of the games top players and has won seven Ballon dOrs. He is the sixth most marketable athlete in the world, according to SportsPro Media. Cristiano Ronaldo, a fellow football player and the most marketable athlete in the world, was previously named the regional ambassador of the Singaporebased ecommerce company Shopee in 2019. Read More..

B2B Tech News | 3 years ago        

Sonic Healthcare Acquires a 20% Stake in Gut Health Company Microba Life Sciences

Sonic will buy 19.99 percent of Microba for 26 cents per share. Sonic will gain distribution rights for microbiome testing in seven countries as part

Sonic will buy 19.99 percent of Microba for 26 cents per share. Sonic will gain distribution rights for microbiome testing in seven countries as part of the agreement. Microbas technology is used to measure the human gut microbiome, and the biotech is also working on microbial cell therapies. Sonic Healthcare is one of the largest medical diagnostics companies in the world. The company is valued at $15.2 billion and employs more than 41,000 people. Sonic generated $9.3 billion in revenue in FY22, a 7% increase over the previous year. Read More..

B2B Tech News | 3 years ago        

VerSe Innovation, backed by Google and Microsoft, lays off 150 employees

150 employees—or 5% of its workforce—have been let go by VerSe Innovation, an Indian digital unicorn. For employees making more than 1 million rup

150 employees—or 5% of its workforce—have been let go by VerSe Innovation, an Indian digital unicorn. For employees making more than 1 million rupees $12,242 yearly, the company has also implemented an 11% compensation reduction, according to the corporation, in order to ensure longterm profitable growth. VerSe runs two platforms Josh, a shortvideo app with 100 million downloads, and Dailyhunt, a news aggregator with over 350 million monthly active users as of June. VerSe was valued at $5 billion after obtaining US$805 million in April, having been founded in 2007 by Umang Bedi and Virendra Gupta with the support of Google and Microsoft. This month, a wave of layoffs occurred in the Indian computer industry as a result of the present macroeconomic circumstances. Read More..

B2B Tech News | 3 years ago        

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 | 3 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 | 3 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 | 3 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 | 3 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 | 3 years ago        



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