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Egyptbased OneOrder offers $6.5 million in working capital

Egyptian technology company OneOrder has raised $6.5 million in working capital from Contact Factoring, a subsidiary of Contact Financial Holding. The

Egyptian technology company OneOrder has raised $6.5 million in working capital from Contact Factoring, a subsidiary of Contact Financial Holding. The company provides restaurants, cafes, and hotels with onestop grocery stores that provide logistics services through software. Founded in 2021, OneOrder will use these funds to build a digital environment that can support restaurant owners through online shopping, MAGNiTT reports. Read More..

B2B Tech News | 3 years ago

AppLovin Makes a $17.5 Billion Offer to Purchase Video Game Software Developer Unity

AppLovin Corp on Tuesday made an offer to acquire Unity Software Inc in a stock deal for $17.54 billion. The company reported $297 million in quarterl

AppLovin Corp on Tuesday made an offer to acquire Unity Software Inc in a stock deal for $17.54 billion. The company reported $297 million in quarterly revenue on Tuesday, growing 9% yearoveryear, while its operating loss widened. It comes as game developers and console makers warn of a slowdown in the sector as decadeshigh inflation and easing of COVID19 restrictions lead gamers to pick outdoor activities. AppLovin is offering $58.85 per Unity share, representing an 18% premium to Unitys closing price on Monday. Unity announced last month that it would acquire IronSource in a $4.4 billion stock deal. Read More..

B2B Tech News | 3 years ago

Asian stocks are ahead of US inflation

Asian stocks are ahead of Wall Street ahead of US inflation data. Traders worry that pressure will be felt on prices as the central bank becomes more

Asian stocks are ahead of Wall Street ahead of US inflation data. Traders worry that pressure will be felt on prices as the central bank becomes more aggressive in reducing interest rates. This year, the central bank has raised rates four times, including twice by 0.75 percent. Investors fear that efforts by the Federal Reserve and other central banks to reduce inflation could derail global economic growth. Chipmaker Micron has warned that earnings will be lower than forecasts, leading to a decline in chipmakers. Shares of the Norwegian Cruise Line fell 10.6 percent after disappointing results and a weak earnings forecast. Read More..

B2B Tech News | 3 years ago

Global food inflation is easing, but food uncertainties are holding back the broader easing

Due to drought, flooding, and extreme heat, supplies are limited and prices are high. On Friday, the US Department of Agriculture is expected to lower

Due to drought, flooding, and extreme heat, supplies are limited and prices are high. On Friday, the US Department of Agriculture is expected to lower its forecast for the US crop this year. The intense heat in Europe may cause a 5% decrease in the grain harvest for the European Union. In 2021–2022, the production of corn and soybeans worldwide fell 45 million tonnes short of initial projections. US The countrys largest wintersown crop withered in March as temperatures soared to the highest ever for the month on record going back to 1901. For a second day on Wednesday, Chicago soybean futures prices increased above $17 per bushel. Following the invasion, Chicago soybean futures rose above $17 per bushel. On Wednesday, they advanced for a second day, gaining 0.2% to $14.3125. Read More..

B2B Tech News | 3 years ago

Convertedin, an Egyptian startup that has raised $3 million and serves MENA and Latin American ecommerce brands

Convertedin, an Egyptian startup that operates a marketing operating system for ecommerce brands, has raised $3 million in a seed round led by Merak C

Convertedin, an Egyptian startup that operates a marketing operating system for ecommerce brands, has raised $3 million in a seed round led by Merak Capital. The company plans to utilize the funds for strategic hiring and further development of its platform. CEO Mohamed Fergany argues that though online brands use CRM software to gather data, they do not utilize most of it. Thus, it changes the solution where they can better use their data. SMB E Commercial Marketers who use your platform changes to increase your revenue 2 times and reduce customer purchase costs by 40%. However, the company collaborates with media shopping and advertising agencies with more than 100 local and international partnerships throughout East and South America. Convertedin plans to offer its services in Portuguese in addition to English and Arabic to brands in Brazil and other markets in South America, Mexico. The threeyearold company is headquartered in Egypt and also has offices in Saudi Arabia and Brazil Read More..

B2B Tech News | 3 years ago

How to market research studies in the telecom sector

Telecommunications sector research should be commercialized to enhance originality and acceptability, the Nigerian Communications Commission NCC has s

Telecommunications sector research should be commercialized to enhance originality and acceptability, the Nigerian Communications Commission NCC has said. This was part of discussions held at a roundtable organized by the NCC with academia, industry, and other stakeholders in the Southern Region. The event was on the theme The Path from Innovative Research to Commercialisation of Viable Prototypes. Valentine Ozigbo, the immediate past President and Group CEO of Transnational Corporation of Nigeria Plc Transcorp, stressed that innovation is the search for new solutions to pressing problems. Nigeria needs a radical innovation approach that involves original thinking and solving the worlds biggest problems, says National Communications Commission NCC Executive Vice Chairman, Prof. Umar Danbatta. Ozigbo said it is advisable to seal the protection of your ideas via patenting, trademarking, and intellectual property registrations. According to him, an initial feasibility study would also sup Read More..

B2B Tech News | 3 years ago

OYO takes over Bornholmske Ferryhouse

Bornholmske Feriehuse, a Danish company based on Bornholm Island, has 737 vacation homes spread across 30 vacation parks. OYO anticipates exceeding

Bornholmske Feriehuse, a Danish company based on Bornholm Island, has 737 vacation homes spread across 30 vacation parks. OYO anticipates exceeding 2.5 million guest nights in 2022. The transaction was completed through the Danish governments Invest in Denmark initiative. The companys subsidiary, DanCenter, completed the transaction using the Invest in Denmark initiative of the Danish government, which offers a specialized onestop service to foreign companies looking to set up or expand a business in the country, continued. Read More..

B2B Tech News | 3 years ago

Social finance platform Angel investor group is relaunched by Ethis.

Ethis Group, a social finance platform focused on Shariacompliant investments, has launched the Ethis Super Angel Syndicate ESA. The ESA syndicate is

Ethis Group, a social finance platform focused on Shariacompliant investments, has launched the Ethis Super Angel Syndicate ESA. The ESA syndicate is only open to investors who want to support startups targeting the Islamic world and the halal sector. The new program will be led by four of Ethis board members, including Amran Mohd, Khaled Fouad, Lilyana Abdul Latiff, and Umar Munshi. The program covers the fintech industry, agricultural technology, and the halal food distribution industry. ESA CoChairman Ibrahim Umar also said that they are specifically focusing on camel startups. 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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