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Nike says to end run club app in China to provide localised resolution

The Nike Run Club app, which allows users to track their runs and challenge friends to compete, has more than 8 million users in China, the companys m

The Nike Run Club app, which allows users to track their runs and challenge friends to compete, has more than 8 million users in China, the companys most profitable market. Nike did not give a reason for the decision but a company spokesperson told Reuters that it plans to provide Chinese runners with a localised solution in the future. It has more than 8 million users in China, the companys most profitable market Read More..

B2B Tech News | 2 years ago        

The Reserve Bank of India has issued steps for cooperative banks to improve credit flow to the housing sector.

The RBI has announced that the cooperative banks will be able to lend more for individual home loans. This will ensure better credit flow in the resid

The RBI has announced that the cooperative banks will be able to lend more for individual home loans. This will ensure better credit flow in the residential housing sector. The governor said that the move comes in the wake of rising residential housing prices. Rural cooperative banks can also extend financing to commercial real estateresidential housing projects. Read More..

B2B Tech News | 2 years ago        

Bain Capital has raised $2 billion for a special situations fund in Asia.

Bain Capital has raised a $2 billion for its second AsiaPacific special situations fund. The Bostonbased private equity firm is likely to deploy betwe

Bain Capital has raised a $2 billion for its second AsiaPacific special situations fund. The Bostonbased private equity firm is likely to deploy between $300400 million in India. Bain Capital has invested close to $4 billion in India across 12 private equity transactions and the largest was its $1 billion bet in Axis Bank NSE. India is an integral part of Bain Capitals Asia strategy and is expect to allocate a healthy portion of our special situations funds to India. Read More..

B2B Tech News | 2 years ago        

India is the first country in the world to have a Puma shopping app.

German attire complete Puma has launched its looking app in India, the primary market globally wherever itll sell merchandise through its own app. Wit

German attire complete Puma has launched its looking app in India, the primary market globally wherever itll sell merchandise through its own app. With the launch of the Puma app, well supply our shoppers a quicker, seamless and convenient digital looking expertise, said Abhishek Ganguly, decision maker, Puma, India. Read More..

B2B Tech News | 2 years ago        

Former MTN CEO raises enough funds for new fintech startup

Paul Edwards, a former MTN cluster CEO has raised seriesA funding round for his new fintech startup. VantagePay was established in 2018 to supply paym

Paul Edwards, a former MTN cluster CEO has raised seriesA funding round for his new fintech startup. VantagePay was established in 2018 to supply payment and technology services across Africa. Crossfin Holdings bought a meaning stake within the company for associate degree covert quantity. VantagePay, a subsidiary of Crossfin, is ready to expand apace across the African continent. Crossfins shareholders embody the attribute MidMarket Fund and Patrice Motsepes African Rainbow Capital. the corporate has developed a number one cloudbased payments platform to handle the huge latent demand for access to sure monetary services. Read More..

B2B Tech News | 2 years ago        

Nedbank is looking for techfocused, longterm small businesses.

Nedbank is inviting small companies that need a boost to expand their business to enter its incubator program. Nedbank Business Ignite is a mentorship

Nedbank is inviting small companies that need a boost to expand their business to enter its incubator program. Nedbank Business Ignite is a mentorship program that, according to Nedbank, has helped over 200 South African small businesses. It is in partnership with Primedias talk radio stations 702 and CapeTalk. Winning businesses will get a business package valued at R210 000 which includes a cash injection of R50 000, a media package to promote their business on either 702, CapeTalk, or both, social media exposure, and a digital toolkit. Read More..

B2B Tech News | 2 years ago        

Nigerian startup Klasha earns another $2.1 million on its crossborder trading game

Lagos and San Franciscobased Klasha has received an additional $2.1 million to complete its $4.5 million seed round. The startup provides multiple pro

Lagos and San Franciscobased Klasha has received an additional $2.1 million to complete its $4.5 million seed round. The startup provides multiple products for the crossborder commerce space in Africa. It has processed more than 210,000 transactions from over 1,700 merchants. Klashas consumer base has grown to about 45,000 customers, a 4x growth from last October. The app will allow consumers to shop from different retailers using naira and get their items delivered within 714 days via Klashas logistics arm. Klasha aims to provide a better experience for the more than 500 million digital buyers anticipated on the continent by 2025. Read More..

B2B Tech News | 2 years ago        

Santam has completed its 100% acquisition of the insurtech startup JaSure.

South Africas shortterm insurer Santam is increasing its interest in insurance technology company JaSure by acquiring the remaining 49% shareholding.

South Africas shortterm insurer Santam is increasing its interest in insurance technology company JaSure by acquiring the remaining 49% shareholding. The insurer says the move is aimed at enhancing its digital offering, particularly in commercial and personal C&P insurance. The Turnover will see JaSure take 100% ownership of the Santam Groups commercial and personal C&P insurance arm Santam C&P. JaSures managing director Jaclyn Prior says it is a significant milestone for the company after signing a new threeyear deal with the insurance company. JaSure team is excited for the next chapter which will enable further collaboration and increased support. 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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