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Verde signs a strategic sales partnership with Lavoro, the largest agricultural distributor in Latin America

Verde AgriTech has entered a strategic partnership with Grupo Lavoro, the largest distributor of agricultural inputs in Latin America. The partnership

Verde AgriTech has entered a strategic partnership with Grupo Lavoro, the largest distributor of agricultural inputs in Latin America. The partnership will open up new markets for Verdes multinutrient potassium products, BAKS and K Forte sold internationally as Super Greensand the Product in Brazil. Lavoro operates more than 190 stores in Brazil with 2,500 employees, most of whom are agronomists and agronomists. Verdes Plant 1 is already equipped with bio revolution facilities. Plant 2, currently under construction, will house the proportionally larger Bio Revolution facility and will be operational by the end of this year. With over 6,000 clients since 2017, the Company achieved an Earned Growth Rate of 165% in 2021, compared to 61% in 2020. The Companys 2022 guidance updated upwards on May 03, 20221 provides for sales of 1,000,000 tonnes of Verdes Products, with revenue of C$109.09 million, EBITDA of C$49.06 million, and net earnings per share EPS of $0.87. Read More..

B2B Tech News | 3 years ago        

Over $600 million in digital sales consulting Super Retail Group

Super Retail Group reported record online and digital sales and plans to invest an additional $12 million in customer loyalty features. The company ow

Super Retail Group reported record online and digital sales and plans to invest an additional $12 million in customer loyalty features. The company owns brands such as Boating Camping Fishing BCF, Macpac, Rebel and Supercheap Auto. It also saw a 73 percent increase in clickandcollect sales, reaching $332 million. Super Retail Group is seeking to better leverage its 9.2 million active club members data as it builds out a loyalty and personalisation program. The retailer has already spent $25 million on operating expenses and $19 million on investments in personalization and loyalty capabilities.It reported sales of $3.55 billion, rising by 2.8 percent over the year, and net profit after tax of $244.1 million. Read More..

B2B Tech News | 3 years ago        

QuotaBook, a YC grad, raises $11 million to expand its stock management platform

Seoulbased inventory management platform QuotaBook has raised $11 million in funding led by Elefund. Access Ventures, Hana Securities, and South Korea

Seoulbased inventory management platform QuotaBook has raised $11 million in funding led by Elefund. Access Ventures, Hana Securities, and South Korean fintech company Viva Republica also joined the round. The startup was founded by former venture capitalists Andy Choi, Dan Hong, and Pilseon Jun in 2019. It aims to digitize the equity/fund management process, provide a common standard for securityrelated data, and host shareholder and board meetings online. About 40% of startups in Korea use QuotaBooks service that provides cap table management. In June, it launched a limited inventory unit RSU management service. The startup raised seed funding in June 2021 from Draper Associates, Carta Ventures, Elefund, Goodwater Capital, and Scale Asia Ventures. Read More..

B2B Tech News | 3 years ago        

The International Trade Center ITC brings Tunisian textile companies to Egypt to boost regional trade

The top exports from the Middle East and North Africa are textiles and apparel. Egypt, Jordan, Morocco, and Tunisia all have free trade agreements tha

The top exports from the Middle East and North Africa are textiles and apparel. Egypt, Jordan, Morocco, and Tunisia all have free trade agreements thanks to the Agadir Agreement. 55% of the regions textile and apparel exports totaled $8.6 billion in their combined exports in 2019. The largest textile consumers in the Agadir region are the EU and the US. Exports to nearby nations continue to be relatively low, in part because of lower purchasing power. The missions objectives include enhancing logistics and lowering nontariff barriers between the two nations. Read More..

B2B Tech News | 3 years ago        

Drought in Europe threatens German industry as Rhine levels drop

Water levels on the Rhine at Emmerich, near the Dutch border, dropped by a further 4 centimeters 1.6 inches in 24 hours. The Rhine River still has a d

Water levels on the Rhine at Emmerich, near the Dutch border, dropped by a further 4 centimeters 1.6 inches in 24 hours. The Rhine River still has a depth of almost 200 centimeters six feet, six inches But the record low measurement highlights the extreme lack of water caused by months of drought across Europe. Germanys main industry lobby group warns factories may have to throttle production or halt it completely. Read More..

B2B Tech News | 3 years ago        

ABG is expected to announce the £200m takeover of Ted Baker

Licensing firm Authentic Brands Group is expected to announce a deal to buy the Londonbased fashion brand for around 200 million pounds $240 million,

Licensing firm Authentic Brands Group is expected to announce a deal to buy the Londonbased fashion brand for around 200 million pounds $240 million, down 300 million pounds from an estimated deal, Sky News reported. Ted Baker went up for sale in April, alongside Sycamore Partners, Bluestar Alliance, and ABG, among others. Before launching the sale, it rejected several offers from private equity group Sycamore Partners. ABG owns Brooks Brothers and Juicy Couture and bought Reebok from Adidas in March. Read More..

B2B Tech News | 3 years ago        

Kenya Re charges a premium of 32% from the Indian market

Kenya Re has traditionally depended on the Kenyan market from which it collected a mandatory 20% premium from the leading insurers. However, the compa

Kenya Re has traditionally depended on the Kenyan market from which it collected a mandatory 20% premium from the leading insurers. However, the company has gained a smaller presence in many markets, increasing its potential for outstanding diversification. India was Kenyas secondlargest source of business, accounting for 32%of total premiums, behind Kenyas 38%. Kenya Re has invested millions of shillings in establishing and expanding regional subsidiaries to diversify its portfolio. The companys position in the domestic market is considered relatively strong, strengthened by the forced shutdown. Other reinsurers operating in Kenya include Ghana Re, SepRe, East Africa Re, and Continental Re. GCR gave the company a stable outlook with a very strong credit profile, supported by riskadjusted capital and liquidity. Read More..

B2B Tech News | 3 years ago        

Bendigo and Adelaide Bank are seeing the results of their digital transformation.

Bendigo and Adelaide Bank reduced core banking systems and technology applications in 2022. Up Digital Bank reached more than $1 billion in deposits i

Bendigo and Adelaide Bank reduced core banking systems and technology applications in 2022. Up Digital Bank reached more than $1 billion in deposits in one year. Its acquisition of Melbournebased fintech Ferocia for $116 million in August last year will deliver enhanced capability to reengineer our business for the digital age. The banks investment spending reached $166.6 million over the year with 55% spent on foundational technology and 32 percent put towards risk and compliance. The bank posted a regulatory net profit after tax of $488.1 million, down 6.9% from the prior corresponding period, while cash profit after tax increased 9.4% to USD 500.4 million. 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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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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