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Umba purchases a 66.6 percent stake in Daraja, a Kenyan microlender

During April month, Umba raised $15 million in a Series A funding round led by VC firm Costanoa Ventures. The CBK believes the investment by Umba will

During April month, Umba raised $15 million in a Series A funding round led by VC firm Costanoa Ventures. The CBK believes the investment by Umba will strengthen Darajas business model with a particular focus on its digitalization efforts as it looks to provide anytime, anywhere services to its customers. Daraja Microfinance, Umba BankingTech, FinTech, LendTech News Africa, Kenya, Nigeria The company said at the time it would be looking to expand into Egypt, Ghana, and Kenya following the raise. Read More..

B2B Tech News | 2 years ago        

Global Markets Roundup US Futures Rise Amid Falling Stocks and Falling Oil in Asia

Asian shares rose alongside US futures on Friday. It was as tech stocks rallied and investors took comfort in the companys performance. MSCI Inc. Asia

Asian shares rose alongside US futures on Friday. It was as tech stocks rallied and investors took comfort in the companys performance. MSCI Inc. Asia Pacific Stock Index. rose about 0.5%, with Japan, China, and Hong Kong in the green. The S&P 500, Nasdaq 100, and European futures all rose after the S&P 500 was mostly unchanged. The dollar increased Treasuries held steady, holding the 10year yield at around 2.68%. The Bank of England announced its greatest interest rate hike in 27 years and warned of a protracted recession. Global stock indexes posted their third weekly gain to recover from a bear market, supported by steady U.S. corporate earnings. Investors are also watching the implications of House Speaker Nancy Pelosis visit to Taiwan. Read More..

B2B Tech News | 2 years ago        

ASX loses momentum, Australia records another trading surplus as Nasdaq revives

The ASX 200 fell one point nearly flat to 6,975. Todays best performers include Block +8.9pc, Pointsbet +11.6%, Imugene +10.9%, Life360 +9.6% and Bega

The ASX 200 fell one point nearly flat to 6,975. Todays best performers include Block +8.9pc, Pointsbet +11.6%, Imugene +10.9%, Life360 +9.6% and Bega Cheese +6.9 %. The Australian dollar was up 0.3% at 69.6 cents at 1615 AEST. Closing price The Nasdaq increased 2.6 percent to 12,668, its highest level since early May. The S& P 500 gained 4,155 points, while the Dow gained 1.3%. At the same time, oil prices fell, with Brent futures down 3.4% to $97 a barrel. Read More..

B2B Tech News | 2 years ago        

SoundCloud cuts global workforce by 20%

SoundCloud has confirmed that it has already begun the process of reducing its workforce by approximately 20%. The Berlinbased music and audio platfor

SoundCloud has confirmed that it has already begun the process of reducing its workforce by approximately 20%. The Berlinbased music and audio platform are already at 40 million users, with 20 million more coming onboard monthly. In January 2014, the company announced that it had begun the arduous task of negotiating with major record labels to address licensing issues. As a DJ and radio host, I pay for a SoundCloud account to allow the regular upload of content for my listeners. SoundCloud is by far the best option on the market. No other music upload platform comes close, commented SoundCloud user Pete Ellison. Raine Group and Temasek bought a majority stake in the company for $170 million. As part of the deal, CEO Weisman, who played a key role in Vimeos revival, is now on board. Read More..

B2B Tech News | 2 years ago        

The Spanish renewable energy company Greenalia was delisted today

At the companys request, shares in Greenalia were delisted from the BME Growth market in Spain. Smartie SLU and Alazady Spain SL, which own 86.4% of G

At the companys request, shares in Greenalia were delisted from the BME Growth market in Spain. Smartie SLU and Alazady Spain SL, which own 86.4% of Greenalia, bought the free float and took control. Spanish businessman Jose Maria Castellano became a shareholder of Greenalia in 2020 by purchasing a 5% stake. Greenalia is also active in the offshore wind sector in Spain, with approximately 250 MW of projects being developed around the Canary Islands. Greenalia shares closed at 16.35 euros on Tuesday. Read More..

B2B Tech News | 2 years ago        

PYMNTS Intelligence Facing the Challenges of the Korean ECommerce Market

South Korea, like the rest of the world, has seen ecommerce become more popular as physical shopping stagnates. The size of the domestic online shoppi

South Korea, like the rest of the world, has seen ecommerce become more popular as physical shopping stagnates. The size of the domestic online shopping market in March this year was 17 trillion won, an increase of 11% from March 2021. Foreign investors and traders seeking to take advantage of opportunities in the Korean market face serious regulatory and institutional challenges. International merchants are trying to take advantage of the tremendous popularity of ecommerce in South Korea. They often face obstacles related to antifraud regulations and crossborder issues. One of the major challenges facing international merchants is credit card processing. Borrow Now Pay Later BNPL services will grow 76% to $5.4 billion by 2022. Experts predict this market will reach $35 billion by 2028. Read More..

B2B Tech News | 2 years ago        

Australias three main banks have raised RBA interest rates

The first to move in was the Commonwealth Bank on Thursday morning. A few hours later, Westpac and ANZ followed. Westpac said it would pass on the ful

The first to move in was the Commonwealth Bank on Thursday morning. A few hours later, Westpac and ANZ followed. Westpac said it would pass on the full 0.5% rate hike to new and existing customers from August 18. ANZs higher mortgage rates come into effect on Friday 12 August. The Reserve Bank of Australia RBA on Tuesday raised interest rates for the fourth month in a row.CBA Adjustable Rate Mortgages, as well as Fixed Term Deposit Accounts and This change will affect Nedbank savings accounts. Homeowners and investors in adjustable rate mortgages must pay an additional 0.5% interest each year. Read More..

B2B Tech News | 2 years ago        

German identity verification platform IDnow has raised €60 million from BlackRock

Munichbased identity verificationasaservice company, IDnow has secured a new debt facility worth €60 million from BlackRock. The new funding will en

Munichbased identity verificationasaservice company, IDnow has secured a new debt facility worth €60 million from BlackRock. The new funding will enable the startup to scale investments across a range of strategic initiatives, including the introduction of new identityproofing solutions and potential acquisitions. The company was founded in 2014 and serves over 900 sectorleading enterprise customers across multiple verticals with a coverage of 195 countries. Identity verificationasaservice company. The German platform aims to make the connected world a safer place and offers a suite of identityproofing solutions addressing a wide range of missioncritical use cases from low to high assurance levels. 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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