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Insurtech Unicorn Bolttech closes the Series B round with a valuation of $ 1.5 billion

A series B investment round for Singaporebased insurtech business Bolttech is now being closed. Tokio Marine, a Japanese insurer, will serve as the ro

A series B investment round for Singaporebased insurtech business Bolttech is now being closed. Tokio Marine, a Japanese insurer, will serve as the rounds lead investor. As part of the agreement, Tokyo Marine will invest US$50 million, raising the insurtech companys valuation to US$1.5 billion. Tokio Marine will benefit the companys distribution and balancesheet capability, according to Bolttech. In a series A funding round led by Activant last year, Bolttech raised US$247 million at a valuation of over US$1 billion. The insurtech company currently handles annualised premiums totaling $50 billion USD. Read More..

B2B Tech News | 2 years ago        

Sterling rises and borrowing costs fall as Chancellor heads for calmer markets

On Monday, the pound gained and government borrowing rates fell as investors welcomed news that Chancellor Jeremy Hunt is speeding up tax and expendit

On Monday, the pound gained and government borrowing rates fell as investors welcomed news that Chancellor Jeremy Hunt is speeding up tax and expenditure cuts. It is the latest in a slew of policy changes revealed in the minibudget. The £18 billion Uturn on company tax announced on Friday, as well as the sacking of Mr Kwarteng, did not appear to assuage investors, with UK government borrowing prices rising on Friday afternoon. They had reached 5.17% on September 28th, following the minibudget, in which Mr Kwarteng announced one of the largest tax cutting packages seen in decades but did not explain how they would be paid. Read More..

B2B Tech News | 2 years ago        

Lumos adtech smart bag joins forces with the ebike innovator Zoomo

LUMOS received $800,000 in early investment in August, but the firm has now received an additional boost by partnering with ebike group Zoomo, another

LUMOS received $800,000 in early investment in August, but the firm has now received an additional boost by partnering with ebike group Zoomo, another local enterprise that is far further down its scaleup trajectory, with worldwide customers like the UKs Just Eat and Amazon Wholefoods in the US. Zoomo and Lumos are joining up to be able to provide more benefits to the public sector community we will proceed to empower the shipping riders on the road today with these super awesome revenuegenerating smart bags which enhance their onroad safety by providing something thats bright and visible, especially at night, Fan says. Read More..

B2B Tech News | 2 years ago        

Europe to allow bank guarantees to ease energy margin turmoil

The top market watchdog in Europe has suggested actions to lessen the pressure of margin calls in the energy markets. Limits on Russian gas exports to

The top market watchdog in Europe has suggested actions to lessen the pressure of margin calls in the energy markets. Limits on Russian gas exports to Europe have caused energy prices to experience previously unheardof volatility. According to the European Securities and Markets Authority, letters of credit will be temporarily permitted for energy dealers with physical exposure. Additionally, it stated that it would accept government and development bank guarantees for all kinds of counterparties. Read More..

B2B Tech News | 2 years ago        

Vietnams Consistent Performance withinside the Global Innovation Index

In terms of international trade, Vietnam is doing remarkably well, particularly in terms of FDI inflows and imports/exports of hightech goods. The key

In terms of international trade, Vietnam is doing remarkably well, particularly in terms of FDI inflows and imports/exports of hightech goods. The key forces behind growth in the future will ultimately be productivity and innovation. Longterm economic diversification and innovationdriven growth are what the nation needs to replace the current paradigm of exportoriented, laborintensive, and resourcedependent prosperity. Continuous changes will be necessary to guarantee an improvement in production efficiency as well as increasing investments, particularly in infrastructure, education, and technology. Read More..

B2B Tech News | 2 years ago        

Nigeria, Egypt sign $30 million deal in Cairo

A $30 million partnership agreement has been reached between Nigeria and Egypt. At the inaugural NigeriaEgypt Trade Conference and Exhibition, the agr

A $30 million partnership agreement has been reached between Nigeria and Egypt. At the inaugural NigeriaEgypt Trade Conference and Exhibition, the agreements were made NETCE. Six businesses from each nation committed to work together in the fields of construction, engineering, medical equipment, agriculture, mining, technology, and real estate. Read More..

B2B Tech News | 2 years ago        

According to ITC, ITC Infotech is setting up a subsidiary in Brazil

The Gujarat High Court has been asked to reevaluate the situation. Adani Ports Special Economic Zone APSEZ, according to Central Warehousing Corporati

The Gujarat High Court has been asked to reevaluate the situation. Adani Ports Special Economic Zone APSEZ, according to Central Warehousing Corporation CWC, misled the authorities in order to seize 34 acres that were supposedly next to the latters Mundra Port. Gujarat Adani Port Limited GAPL was given a lease of undeveloped land by the Gujarat Maritime Board GMB in 2001. CWC requested the delineation/denotification of 34 acres of land from the SEZ in a letter to the Ministry of Commerce and Industry. Read More..

B2B Tech News | 2 years ago        

US Company Pi Square Technologies Sets foot in India

On Friday, Bengalurus Pi Square Technologies India Tech Center officially launched. The building contains space for an advanced automotive lab and an

On Friday, Bengalurus Pi Square Technologies India Tech Center officially launched. The building contains space for an advanced automotive lab and an automotive research and development centre. Emerging automotive technologies including invehicle infotainment, connected vehicles, and advanced driver assistance systems are major focus areas ADAS. We consider the India Tech Centre in Bengaluru to be a crucial component of our growth plan. We are enhancing our strategic alliances with key international automakers. 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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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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