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Adembo Growth provides £26m in debt funding to tech startup

British Business Investments BBI has made a first €30 million £26.1 million commitment to venture capital firm Atempo Growth for its first venture

British Business Investments BBI has made a first €30 million £26.1 million commitment to venture capital firm Atempo Growth for its first venture debt fund. The Atempo Growth venture debt fund will make investments in highgrowth technology firms in the UK and Europe. The venture debt fund of Atempo Growth also includes contributions from Santander and the European Investment Bank. Based in London, Atempo Growth provides lending for companies from Series A to IPO. The governmentbacked British Business Bank has a subsidiary called BBI. Read More..

B2B Tech News | 2 years ago        

Mexican fintech Clip obtains $50 million to increase its payment capabilities.

Mexican fintech Clip closed $50 million threeyear, unsecured revolving credit facilities with Morgan Stanley, JP Morgan, and HSBC. The company sells t

Mexican fintech Clip closed $50 million threeyear, unsecured revolving credit facilities with Morgan Stanley, JP Morgan, and HSBC. The company sells tablets starting at $10 for their signature white and orange phones, and they will soon be priced at $150.The clip received approval for an IFPE Institution of Electronic Payment Funds license from Mexicos National Banking and Securities Commission CNBV. The companys cofounder Eduardo Babatz believes there is still a lot of markets to capture in a country where many transactions are still cashbased. In June last year, Clip received a $250 million investment from SoftBanks Latin America Fund and Viking Global Investors LP. Read More..

B2B Tech News | 2 years ago        

SODIC Relaunches New Zayed Project

Cairo, Egypt Sodic announced the resumption of construction on its New Zayed project, which has been remaster planned and now covers 464 acres. The pr

Cairo, Egypt Sodic announced the resumption of construction on its New Zayed project, which has been remaster planned and now covers 464 acres. The project had been suspended because the overall New Zayed City plans had been rezoned. The leading developer of Karmel, one of three neighborhoods on the 464acre project, is being launched by the leading developer as a result of the remaster planning. Karmell brings the Californian Carmelbythesea experience to Egypt with a carefree lifestyle surrounded by nature. New Zayed is the newest neighborhood in West Cairo and is a logical extension of the affluent Sheikh Zayed neighborhood. Read More..

B2B Tech News | 2 years ago        

Goldman lends Latin American fintech company Xepelin $140 million.

Goldman Sachs is providing $140 million to Chilean fintech Xepelin Holdings Inc. The assetbacked loan will be released in two tranches, the first for

Goldman Sachs is providing $140 million to Chilean fintech Xepelin Holdings Inc. The assetbacked loan will be released in two tranches, the first for $40 million and the second for $100 million. Goldman has provided loans to several startups in the region. It participated in Nubanks $650 million line of credit earlier this year and has committed $160 million in 2021. Xepelin estimates the businesstobusiness payments market in Latin America is worth up to $8 trillion. PayPal Ventures and Carlos Garcia, the founder of used car startup Kavak, are among the supporters of Xepelin. The company has generated over $ 1.2 billion in financing. Read More..

B2B Tech News | 2 years ago        

Minorityowned businesses in Europe contribute more than €570bn to economy despite huge challenges, report says

Open Political Economy Network OPEN launches its Minority Businesses Matter Europe report. The report examines the contribution and challenges of ethn

Open Political Economy Network OPEN launches its Minority Businesses Matter Europe report. The report examines the contribution and challenges of ethnic minority entrepreneurs across Europe. Minority businesses have a combined turnover of at least €570 billion in Europe, account for at least 4.7% of all businesses, and employ at least 2.7 million people. Germany makes the highest contribution €191 billion, followed by France €120 billion and the Netherlands €88 billion. Three in five people in the EU say that discrimination based on ethnic origin or skin color is widespread, according to a report by the organization OPEN. The report notes that despite these challenges, many minority businesses still succeed. It proposes three recommendations for opening up data, combating discrimination, and making the most of entrepreneurs diversity. Read More..

B2B Tech News | 2 years ago        

NowNow plans to raise $13 million and expand its ecosystem of financial products in Africa.

Agency banking startups are the leading innovators in this space. NowNow Digital Systems has raised $13 million in a seed round that will help the fou

Agency banking startups are the leading innovators in this space. NowNow Digital Systems has raised $13 million in a seed round that will help the fouryearold startup expand its service offerings across Africa. Like other bank agent platforms like OPay, TeamApt, and Nomba, the flagship product has more than 50,000 agents across the country. NowNow targets 5,000 small and medium enterprises with businessinabox BIT solutions that include NFC technology by the end of this year. The fintech claims to serve 200,000 customers. We plan to increase this number to 1000 by the end of this year. We are operating in both the consumer and businesstobusiness sectors, and we are the first company in Nigeria to provide an integrated platform for SMEs that includes logistics. Read More..

B2B Tech News | 2 years ago        

Video Management Software VMS Market will exceed USD 32.68 Billion by 2029 at a CAGR of 21.46% along with size, share, emerging trends, analysis of key players and market growth factors.

Data Bridge Market Research recently published a global research report titled Global Video Management Software VMS Market. The report focuses on glob

Data Bridge Market Research recently published a global research report titled Global Video Management Software VMS Market. The report focuses on global major players providing information such as company profiles, product images, and specifications. The Video Management Software VMS market report covers the current and historical market scenarios, and market development patterns, and is likely to continue to evolve during the forecast period. Several analytical tools such as SWOT analysis and Porters five forces analysis have been used to accurately understand this market. The global video management software VMS market was valued at USD 6.9 billion in 2021 and is expected to reach USD 32.68 billion by 2029, growing at a CAGR of 21.46% during of forecast 20222029. Read More..

B2B Tech News | 2 years ago        

The deals with the US hit Chinas technology ambitions by banning Nvidia chips

Without a license from Washington, Nvidia can no longer sell certain highend chips in China. These AI models are trained using these accelerators insi

Without a license from Washington, Nvidia can no longer sell certain highend chips in China. These AI models are trained using these accelerators inside data centers for projects like autonomous driving. Before enacting trade restrictions, Washington did not indicate that they were under consideration. Nvidia is a leading supplier of autonomous control hardware. Nvidia has been informed by Washington that the new curbs are intended to stop the use of cuttingedge AI technology for military purposes. China implores the U.S. to immediately stop the practice and treat businesses from all nations equally. Read More..

B2B Tech News | 2 years ago        



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Refresh Your Facts

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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