Header-template

BUSINESS NEWS

Mexican microlending company Baubap gets a $20 million loan

Baubap, a Mexican microloan fintech, has received a $20 million loan from Park Cities Asset Management, a fund based in the United States. The startu

Baubap, a Mexican microloan fintech, has received a $20 million loan from Park Cities Asset Management, a fund based in the United States. The startup provides microloans ranging from $25 to $258 through an app. Users can obtain loans 24 hours a day, seven days a week, without consulting a credit bureau. The startup is currently operating in Mexico and has lent to 500,000 people. They expect to exceed 1.5 million loans in 2023, reach half a million dollars in granted loans, and expand their product offerings with the new funds. Read More..

B2B Tech News | 3 months ago        

Saporo secures €4 million fundraising for its anticipatory cybersecurity services

Saporo has announced a €2.6 million preseed funding round to expand its cybersecurity offering, with a focus on protecting healthcare, banking, and

Saporo has announced a €2.6 million preseed funding round to expand its cybersecurity offering, with a focus on protecting healthcare, banking, and insurance IT systems. The round is led by FrancoGerman VC XAnge, with Session VC and Lightbird Ventures also participating. Saporos softwareled service is used by IT professionals to test cyber defences against simulated attacks and automatically adjust user account privileges, reducing the scope for attackers. Read More..

B2B Tech News | 3 months ago        

The cloud, the key to innovation for East Africas economic growth

The pandemic sparked a wave of cloud adoption throughout the region. Organizations can increase efficiency by implementing cloud solutions for key bus

The pandemic sparked a wave of cloud adoption throughout the region. Organizations can increase efficiency by implementing cloud solutions for key business processes. Cloud technologies provide access to services and capabilities that would be prohibitively expensive for most businesses to build themselves. The cloud provides a unique opportunity for East African businesses to innovate. According to a recent study, some East African industries have taken the lead in cloud adoption. Organizations should seize the opportunity given the importance of manufacturing and tourism to the regional economy. Manufacturers could reap the benefits of AI and robotic process automation by implementing Industry 4.0 capabilities supported by the cloud. Read More..

B2B Tech News | 3 months ago        

Chilean fintech investment Racional raises $2 million to expand into Brazil and Colombia

Genesis Ventures and Amarena led a $2 million round of funding for the Santiagobased fintech Racional. Racional is a piece of software that provides

Genesis Ventures and Amarena led a $2 million round of funding for the Santiagobased fintech Racional. Racional is a piece of software that provides fund management, accounting, ETFs, stock exchange, and funding services in addition to investment counselling. The platforms assets under management have increased by 60% and the fintech just hit 45,000 users. Their crew will be doubled thanks to this round of funding, and they plan to grow to include other Latin American nations. Between the next 12 and 18 months, Racional anticipates reaching 100,000 users, not just in Chile but also in Brazil and Colombia. Read More..

B2B Tech News | 3 months ago        

Operational intelligence gets $5 million to solve customer problems with AI

In a fundraising round headed by Bonfire Ventures, Operative Analytics secured $5 million or USD$3.5 million. Artificial intelligence is used by the M

In a fundraising round headed by Bonfire Ventures, Operative Analytics secured $5 million or USD$3.5 million. Artificial intelligence is used by the Melbournebased software company to analyse client interactions and decrease wait times. In 2021, the global market for contact centre software was expected to be worth USD$26.93 billion AUD$40.2 billion, according to market research firm Fortune Business Insights. The managing director of Bonfire claimed that the brothers had created a simple solution to enhance customer satisfaction at a time when demands were at an alltime high. Read More..

B2B Tech News | 3 months ago        

Egypts Sideup raises $1.2 million to grow its ecommerce platform

The platform for ecommerce services for the MENA region, Sideup, has announced the closing of a $1.2 million seed round. Previously known as Voo, the

The platform for ecommerce services for the MENA region, Sideup, has announced the closing of a $1.2 million seed round. Previously known as Voo, the business ran one of the top logistics marketplaces in the area. Sideup will use its investment cash to expand its activities in Saudi Arabia and strengthen its position in Egypt. Businesses may access partners and technology to expand their operations from a single location thanks to Sideups platform. Read More..

B2B Tech News | 3 months ago        

Malaysian Earned Wages Access firm secures $9 million

The earnedwage access firm Paywatch, based in Malaysia, claimed to have secured $9 million in a preseries A investment headed by Third Prime. Hana Ven

The earnedwage access firm Paywatch, based in Malaysia, claimed to have secured $9 million in a preseries A investment headed by Third Prime. Hana Ventures, Parkwood Corp., the University of Illinois Foundation, and Vanderbilt University contributed endowments to the round as well. Paywatch was established in 2020 and offers earnedwage access services that are supported by significant financial institutions and central banks. Right now, it runs in Malaysia and South Korea. The business claimed to have over 100 corporate clients, including restaurants like Outback Steakhouse, KFC, Pizza Hut, and TGI Fridays. Read More..

B2B Tech News | 3 months ago        

US Army awards Black Hawk replacement contract to Textrons Bell

After a protracted procurement process for a new helicopter to replace the Black Hawk utility helicopter, the U.S. Army on Monday selected Textron Inc

After a protracted procurement process for a new helicopter to replace the Black Hawk utility helicopter, the U.S. Army on Monday selected Textron Inc.s TXT.N Bell division as the winner. In order to replace the more than 2,000 mediumclass UH60 Black Hawk utility helicopters produced by Sikorsky during the 1970s, the Army launched the Future Vertical Lift competition. The Army was looking for a plane that could transport roughly 12 soldiers 400 nautical miles. Mitch Snyder, CEO of Bell, stated in a statement, We are ready to equip soldiers with the speed and range they need to compete and win using the most mature, dependable, and economical highperformance longrange assault weapon system. Read More..

B2B Tech News | 3 months ago        



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts


1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   598   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   514   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   755   

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.
   953   

5.  Approximately 8 billion gadgets connect on the internet every day.
   1942   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!


Where do you go to learn more about whats happening in your industry? Check all that apply.

12 votes, Poll active
Footer-template