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Index Ventures is increasingly turning its attention to Sweden, leading the €5m seed round

An estimated €260 trillion passes through European banks each year. Atlar is developing a platform that allows businesses to connect to an API, whic

An estimated €260 trillion passes through European banks each year. Atlar is developing a platform that allows businesses to connect to an API, which then connects to banks. The firm, which was founded in May, has raised €5 million in preliminary capital. Index Ventures led Atlars €5 million seed round, which also included La Famiglia VC, Cocoa VC, and a number of angel investors. Atlar automates the process of making transfers, reconciling transactions, dealing with direct debits, and other tasks. Read More..

B2B Tech News | 3 years ago        

Why FTXs Collapse Is a Big Deal

In terms of market capitalization, FTX is one of the worlds major cryptocurrency exchanges. Binance has signed a nonbinding letter of intent to purcha

In terms of market capitalization, FTX is one of the worlds major cryptocurrency exchanges. Binance has signed a nonbinding letter of intent to purchase the company. Sam BankmanFried, the companys founder and CEO, has a net worth of $15.6 billion. FTX was one of the last crypto businesses expected to fail. The exchanges reserves were backed by risky tokens rather than stable currencies and in such a large position. Binance sold $2 billion in FTT tokens, sending the price of FTT to fall by 80%. Read More..

B2B Tech News | 3 years ago        

$11 billion fraud case highlights Nigerias resource management problems

The British Virgin Islandsbased resource corporation is being sued by the Nigerian government for $11 billion. The case emphasises the clash between s

The British Virgin Islandsbased resource corporation is being sued by the Nigerian government for $11 billion. The case emphasises the clash between secretive, selfserving foreign corporations and protractedly poor governance. Process and Industrial was established in 2010 by two Irishmen, former music manager Michael Quinn and his business partner Brendan Cahill. They had previously been hired by the Nigerian military to fix tanks and aircraft. Read More..

B2B Tech News | 3 years ago        

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 | 3 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 | 3 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 | 3 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 | 3 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 | 3 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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