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GLOBAL NEWS

The year 2023 is here, which means oversized seed rounds, neobanks, and spicy MandA.

A podcast called Equity delves at the facts and subtleties hidden in the headlines of the startup industry. This week, Rebecca Szkutak, Mary Ann Azeve

A podcast called Equity delves at the facts and subtleties hidden in the headlines of the startup industry. This week, Rebecca Szkutak, Mary Ann Azevedo, and Natasha Mascarenhas talked about focaccia, startups, and personal peeves. Buy now, pay later BNPL and tech layoffs were other topics of conversation. Finally, they talked about how the European tech scene is more organised than the American one. Apple Podcasts, Overcast, Spotify, and all other podcast platforms offer Equity. Another excellent cryptorelated show is on TechCrunch. Read More..

B2B Tech News | 1 months ago      

Australias stock market barely advances as financials surge.

On February 20, 2023, the Australian stock market ended modestly higher thanks to increases in the banking sector that offset declines in the real est

On February 20, 2023, the Australian stock market ended modestly higher thanks to increases in the banking sector that offset declines in the real estate, energy, and technology sectors. The larger All Ordinaries index increased 0.3 point to 7,552.49. The benchmark S&P/ASX200 index increased 4.76 points, or 0.06%, to 7,351.52. Big banks CBA, NAB, ANZ, and Westpac led increases in the financials sector, which had the best performance overall. The lithium miner Pilbara Mines share price fell by 5.41% as the energy sector experienced a decline. The Australian dollar was up 0.3% from the previous trading day, standing at 0.6901 against the US dollar. Read More..

B2B Tech News | 1 months ago      

Investing fraud is a charge brought by the SEC against Terraform Labs and its founder Do Kwon.

The defunct stablecoin operator Terraform Labs and its founder Do Kwon have been accused of scamming American investors who bought the digital assets

The defunct stablecoin operator Terraform Labs and its founder Do Kwon have been accused of scamming American investors who bought the digital assets Terra USD and Luna by the U.S. Securities and Exchange Commission. Without disclosing the thirdparty intervention to resuscitate the UST pricing, Kwon and his company presented the restored peg as a success of decentralisation and the automatically selfhealing UST/Luna algorithm, the agency claimed. … Serbia, which has come to be thought of as a possible location for Kwon to be staying, was visited by South Korean prosecutors earlier this month. After Interpol issued a red alert for Kwon in September, his whereabouts are still unknown. Read More..

B2B Tech News | 1 months ago      

With the Tesla Semi, Elon Musk made many promises. Now that its here, lets see how it measures up.

With 15 vehicles in Modesto and 21 in Sacramento, PepsiCo is the first customer to receive 100 Tesla Semi electric trucks. In addition to employing th

With 15 vehicles in Modesto and 21 in Sacramento, PepsiCo is the first customer to receive 100 Tesla Semi electric trucks. In addition to employing the trucks to transport Pepsi out of its Sacramento warehouse on daily routes of 100 miles, going straight to stores, and making 300 to 400mile runs to other warehouses, Pepsi also utilises them to transport FritoLay products up to 425 miles from its Modesto plant. If Pepsi had pressured the trucks to see if they had the full 500mile range Musk promised, it would not tell. Read More..

B2B Tech News | 1 months ago      

$3.7M is raised in a seed round for QUASH.ai.

HTwenty, G2 Momentum, and Q Capital Venture Capital sponsored a $3.7M seed investment for QUASH.ai. The round also included participation from Barak K

HTwenty, G2 Momentum, and Q Capital Venture Capital sponsored a $3.7M seed investment for QUASH.ai. The round also included participation from Barak Kaufman from Insight Partners and Alex Porto from Riverwood Capital. The platform from QUASH.ai, which is powered by artificial intelligence, offers tools and data that traditional financial institutions may use to evaluate creditworthiness and comprehend credit risks. Using information from over 30 million repayment occurrences across 10 countries in Latin America, the firm has pretrained models for 14 financial products. The money will be utilised to increase the number of Latin American financial institutions that the company serves. QUASH.ai currently employs over 50 people and serves clients in Mexico and Brazil. Read More..

B2B Tech News | 1 months ago      

Dronamics, an autonomous cargo drone airline, says it has raised $40M in preSeries A funding.

Autonomous aircraft may enable sameday shipping over extremely great distances by becoming quicker, less expensive, and emitting less CO2 than convent

Autonomous aircraft may enable sameday shipping over extremely great distances by becoming quicker, less expensive, and emitting less CO2 than conventional planes. Bulgarian firm Dronamics has already received a licence to conduct business in Europe and intends to operate a freight drone airline with drones designed exclusively for that use. It says their flagship Black Swan model will be able to transport 350 kg 770 lb at a distance of up to 2,500 km and has garnered a total of $40 million in preSeries A funding from VCs and Angels 1,550 miles. Svilen Rangelov, cofounder and CEO, says that they can assist customers in realising significant savings by developing a faster, cheaper, greener middlemile. Read More..

B2B Tech News | 1 months ago      

African startups receive $15 million from CoCreation Hubs edtech accelerator.

72 entrepreneurs in Nigeria and Kenya will get support from CcHUBs new $15 million accelerator programme, The Edtech Fellowship Program, over the cour

72 entrepreneurs in Nigeria and Kenya will get support from CcHUBs new $15 million accelerator programme, The Edtech Fellowship Program, over the course of the following three years. The initiative will assist and boost the influence of edtech businesses in Africa as well as founders who are presenting technological solutions to tackle learning innovation in a field of education rife with numerous problems. Access to smartphones, mobile devices, and the internet has risen, enabling numerous edtech entrepreneurs to create digital platforms that have improved learning and employment prospects for thousands of Africans. uLesson, Kidato, Foondamate, Andela, GOMYCODE, and AltSchool are some of these platforms. Read More..

B2B Tech News | 1 months ago      

For $16 million, the Brazilian fintech company Celcoin acquired Finansystech.

Finansystech, a company established in 2021, has created solutions that link financial institutions authorised to participate in open finance, allowin

Finansystech, a company established in 2021, has created solutions that link financial institutions authorised to participate in open finance, allowing businesses to run services including payments, data sharing, and consent management. Since Celcoin works as an intermediary and enables unregulated businesses to make payments or share data in the open finance environment, the companys solutions match Celcoins product line. By the end of 2023, Celcoin hopes to quadruple its monthly financial transaction volume to $2.3B thanks to this purchase. The acquisition will improve Celcoins standing in open finance and round out its line of banking infrastructure and financial technology products. Read More..

B2B Tech News | 1 months ago