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British International Investment gives $20 million to Nigerian fintech company Moove

The UKs development finance agency, UK International Investments BII, formerly known as CDC Group, has announced a fouryear, US $ 20 million structure

The UKs development finance agency, UK International Investments BII, formerly known as CDC Group, has announced a fouryear, US $ 20 million structured debt investment in Mo. BII aims to mobilize capital to build selfsufficiency and market resilience in Nigeria and improve access to inclusive economic opportunities. Launched in 2020, Moove provides revenuebased vehicle financing and financial services to mobility firms. Read More..

B2B Tech News | 2 years ago        

Unsuccessful NFT Captain Tsubasa offers window to the dangers of cryptocurrencies

Yoichi Takahashi, the creator of Captain Tsubasa, is engaged in a legal dispute over intellectual property with a Singaporebased startup. He opposed t

Yoichi Takahashi, the creator of Captain Tsubasa, is engaged in a legal dispute over intellectual property with a Singaporebased startup. He opposed the sale of nonfungible tokens by Football Metaverse Pte and its affiliate, Mangaverse Foundation. I thought they abandoned the project, but since they started promoting NFT sales, all we had to do was inform the public on Twitter before the sale started, Iwamoto said. At the time of writing, Captain Tsubasa NFTs have not yet gained traction in Japan, where they would have brought in $8.9 million in revenue if sold at the listed price of 1 Ethereum each. Many Web3related projects aim to profit from gullible buyers before they are hastily abandoned, and the perpetrators escape with the money. Read More..

B2B Tech News | 2 years ago        

These 3 ASX 200 Tech shares are burning today

ASX 200 reversed its gains this morning and is now down 0.3%. Meanwhile, technology shares in the S & P / ASX All Technology Index ASX XTX rose 3.6%.

ASX 200 reversed its gains this morning and is now down 0.3%. Meanwhile, technology shares in the S & P / ASX All Technology Index ASX XTX rose 3.6%. Shares of Megaport Ltd were up 13.5% at the time of writing and are trading at $ 6.23 per share. No news from the cloud and network connectivity solution providers. Correos, the Spanish company EML Payments Ltd ASX EML, also announced this morning that it will sell prepaid cards worth $ 320 million by launching this morning. This action is intended to support Spains cultural sector, which is still recovering from COVID19 restrictions. Read More..

B2B Tech News | 2 years ago        

Tokyo Electric Co. trying to join Toshiba Beito

Tokyo Electric Co., the biggest electric company in Japan, wants to secureToshibas nuclear business through a joint takeover. It was thinking about jo

Tokyo Electric Co., the biggest electric company in Japan, wants to secureToshibas nuclear business through a joint takeover. It was thinking about joining forces with a local equity firm and a statebacked investment fund. Additionally, foreign investors have contacted Japan Investment Corp JIC to enter the auction. The price of Toshibas shares dropped by as much as 9.5 percent on Wednesday, the most since September 30. This year, the stock has risen by approximately 105%. Toshiba is contributing to efforts to create tools for decontaminating Tepcos destroyed Fukushima Daiichi nuclear plant. Read More..

B2B Tech News | 2 years ago        

Despite fears of a recession, oil prices have stabilised

Brent crude futures rose as much as 2.9% to $105.85 a barrel in early trade. It had plunged 9.5% on Tuesday, the biggest daily drop since March. US We

Brent crude futures rose as much as 2.9% to $105.85 a barrel in early trade. It had plunged 9.5% on Tuesday, the biggest daily drop since March. US West Texas Intermediate crude climbed to a session high of $102 a barrel. It closed below $100 for the first time since late April. The Norwegian government intervened to end a strike in the petroleum sector that had cut oil and gas output, ending a deadlock that could have worsened Europes energy crunch. Former Russian President Dmitry Medvedev has warned that Japans proposal to limit the price of Russian oil to half the current level will lead to a major drop in oil prices on the market. Read More..

B2B Tech News | 2 years ago        

Digital Bank YAP, based in the UAE, raises $41 million to expand to Saudi Arabia, Pakistan, and Egypt

Digital bank YAP reportedly plans to expand into Saudi Arabia, Egypt, Pakistan, and Ghana. The company recently received a license to work in Pakistan

Digital bank YAP reportedly plans to expand into Saudi Arabia, Egypt, Pakistan, and Ghana. The company recently received a license to work in Pakistan, Ghana, as well as Saudi Arabia. Reuters reports that the company plans to look into targeting the remittance market for Pakistani workers. UAE has become a hub for finance, particularly in Abu Dhabi and Dubai and it is now known as the third biggest economy in the Arab League after Saudi Arabia and Egypt. Read More..

B2B Tech News | 2 years ago        

Digital payments in India are expected to reach $ 10 trillion by 2026

A PhonePe PulseBCG report Digital payments in India A $10 trillion opportunity The adoption of UPI Unified Payments Interface in India has been largel

A PhonePe PulseBCG report Digital payments in India A $10 trillion opportunity The adoption of UPI Unified Payments Interface in India has been largely fueled by international and domestic fintech players. According to PhonePe, the next wave of growth will come from Tier 3–6 locations. According to Boston Consulting Groups managing director and partner, Prateek Roongta, merchant payments will end up being the most vital factor in this growth. Userfriendly interfaces, creative products, and an open API ecosystem all contribute to this. Read More..

B2B Tech News | 2 years ago        

According to a report, Shopee has opened five new distribution centres in Brazil.

Shopee has become one of the most downloaded eCommerce apps in Brazil since its launch in 2019. In midMay, the company surpassed its revenue estimate

Shopee has become one of the most downloaded eCommerce apps in Brazil since its launch in 2019. In midMay, the company surpassed its revenue estimate for the quarter and posted a lowerthanexpected quarterly loss. The new distribution centers are located in the cities of Sao Joao do Meriti, Campinas, and Ribeirao Preto. In March, the company said it had withdrawn from India and France, while rising costs and supply chain problems compounded its woes, sending shares down 70 % this year. 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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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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