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GLOBAL NEWS

Toku, a fintech company from Chile, raises $7 million to expand into Mexico.

In a round headed by FPrime Capital, Honey Island, and Wollef, Toku raised $7M. Angel investors Matas Muchnik NotCo, Sebastián Kreis Xepelin, Santiag

In a round headed by FPrime Capital, Honey Island, and Wollef, Toku raised $7M. Angel investors Matas Muchnik NotCo, Sebastián Kreis Xepelin, Santiago Lira Buk, and Daniel Guajardo HealthAtom joined previous investors FundersClub and Clocktower in the round. Toku is a SaaS platform made to simplify subscriptionbased businesses payment collection processes. With this investment, Toku will increase its market share in Mexico, improve its product line, attract more clients, hire more qualified staff, and investigate new markets in Latin America. In Chile and Mexico, businesses are already utilising Tokus platform. Read More..

B2B Tech News | 6 months ago      

Meta acknowledges that Metaverse is simply virtual reality as it fights against an arbitrary network fee.

No, it hasnt announced another pivot instead, it has been forced to tone down the hype surrounding the multicoloured metaverse as it fights an initiat

No, it hasnt announced another pivot instead, it has been forced to tone down the hype surrounding the multicoloured metaverse as it fights an initiative put forth by European mobile network operators. These companies want local legislators to impose a fee on major content providers, such as tech giants like Meta, in order to carry their data, which they claim is necessary to pay for network infrastructure upgrades that are necessary to enable the metaverse.Although the telecoms worries about their relative poverty in comparison to tech firms are certainly debatable, Brussels does seem to be listening EU legislators issued a preliminary consultation on the future of network funding in February. Read More..

B2B Tech News | 6 months ago      

Mauritania The BCI Group and the African Development Bank have reached an agreement worth 485,000 USD.

The Affirmative Finance Action for Women in Africa AFAWA program, which aims to promote womens access to finance in Africa, has signed a technical sup

The Affirmative Finance Action for Women in Africa AFAWA program, which aims to promote womens access to finance in Africa, has signed a technical support agreement for $485,000 with the Bank for Trade and Industry BCI of Mauritania. The project intends to improve support for womenowned small and mediumsized businesses in Mauritania, Mali, Senegal, and Guinea as well as BCIs ability to finance trade and industry.During the Invest DaysNouakchott Forum, AFAWA and the Mauritania Investment Promotion Agency organised a workshop on enhancing the financial inclusion of womens SMEs in Mauritania. The AFAWA ambassadors program, which will promote accelerated access to funding for African women entrepreneurs and highlight female leaders, was also introduced at the meeting. Read More..

B2B Tech News | 6 months ago      

ROOK Receives $1.7 Million in PreSeed Capital.

Rook received $1.7 million in preseed funding from NuFund Venture Group. The round was also attended by prominent VC and angel investor organisations.

Rook received $1.7 million in preseed funding from NuFund Venture Group. The round was also attended by prominent VC and angel investor organisations. ROOK streamlines data access from wearables, assisting businesses in collecting and leveraging important user data and insights. This investment will allow Rook to continue enabling businesses with actionable health data while also supporting its transformation to a B2B SaaS focus. Read More..

B2B Tech News | 6 months ago      

Acronis defends against fileless attacks by utilizing Intel Detection Technology.

In order to offload memory scanning tasks from the CPU, Acronis, a leading provider of cyber security solutions, has announced the improvement of its

In order to offload memory scanning tasks from the CPU, Acronis, a leading provider of cyber security solutions, has announced the improvement of its security defence against sophisticated fileless assaults using Intel Threat Detection Technology Intel TDT. This is especially true for smaller organisations that lack the resources to operate various products from numerous suppliers or to negotiate from a position of strength with many providers, according to a recent IDC poll of 1,015 security experts in North America. Read More..

B2B Tech News | 6 months ago      

TechConnect Africa and Uber Highlight How Technology Can Support Economic Equity in Africa

Women at Uber and Black at Uber collaborated with TechConnect to host an event on the importance of technology and culture in fostering parity through

Women at Uber and Black at Uber collaborated with TechConnect to host an event on the importance of technology and culture in fostering parity throughout the continent in honour of International Womens Month. The event is meant to serve as a reminder to all African women and girls of their potential to become global leaders and trailblazers in business and technology, or really any career route they want to choose, according to Marjorie SaintLot, Head of Uber Ghana and Cote dIvoire. An influencerled community organisation called GigSister was established in Africa to unite, empower, and expand the number of female drivers using the Uber network. Read More..

B2B Tech News | 6 months ago      

The identity crisis experienced by Chinese startups is brought to light by TikToks hearing in Congress.

On Thursday morning, TikTok, a Chinese online service with 150 million monthly active users in the United States, is scheduled to testify before Congr

On Thursday morning, TikTok, a Chinese online service with 150 million monthly active users in the United States, is scheduled to testify before Congress over Chinas possible effect on the industry titan of short videos. Chinese businesses developing in the West are subject to tighter controls over how their data leaves China, and their Chinese heritage is a persistent source of national security worries as tensions between the two giants rise. Earlystage firms are considering strategies to hide their Chinese identity and retain user data in the country where they operate in order to avoid being targeted by Western authorities. Although ByteDance endeavoured to localise TikToks activities, it didnt appear that this was enough to appease American regulators. Venture capital firms offer their portfolio companies advice on how to Read More..

B2B Tech News | 6 months ago      

Beam, a fintech startup that aims to speed up contractor payments, receives $4 million from an exStripe engineer.

Beam, a fivemonthold startup looking to make it easier for general contractors to pay subcontractors and collect their own paychecks, has acquired $4

Beam, a fivemonthold startup looking to make it easier for general contractors to pay subcontractors and collect their own paychecks, has acquired $4 million in a venture investment round headed by Accel. The startups founder and primary investor both previously worked for years at payments behemoth Stripe. Beam, founded in San Francisco, focuses on providing smaller and midsized general residential contractors with a mechanism to streamline payments, invoices, and receipts in one location in order to help them save time and, ultimately, money. He also observed that many of these companies are tiny, familyrun firms SMBs with few staff and scant resources. Beam asserts that it charges lower fees for transactions than, for example, PayPal or Zelle, which also impose caps, in order to help keep costs down for contractors. Read More..

B2B Tech News | 6 months ago