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GLOBAL NEWS

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 | 7 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 | 7 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 | 7 months ago      

Meta adds a Facebook and Instagram fee and gives subpar performance ratings to thousands of employees.

Facebook and Instagram users will soon have to pay to be verified on the social networking sites, according to Mark Zuckerberg, the CEO of Meta. The s

Facebook and Instagram users will soon have to pay to be verified on the social networking sites, according to Mark Zuckerberg, the CEO of Meta. The service will cost $19.99 a month on the web or $24.99 on iOS and Android, and verified accounts will need to provide official identification documents to prove their identity. Subscribers will receive additional security against impersonation, direct access to customer service, and more visibility in addition to receiving a badge showing that their account has been confirmed with a government ID. Initial attempts by Elon Musk to introduce a comparable service on the competing social media network Twitter last year were unsuccessful due to an embarrassing influx of phoney accounts that alarmed advertisers and raised concerns about the sites viability. Read More..

B2B Tech News | 7 months ago      

Less than three months after letting go of 12.5 percent of its employees, Chipper Cash conducts a second round of layoffs.

A second round of layoffs by African crossborder payments provider Chipper Cash were made last Friday, just 10 weeks after it reduced its personnel by

A second round of layoffs by African crossborder payments provider Chipper Cash were made last Friday, just 10 weeks after it reduced its personnel by about 12.5%. affecting its engineering team the most. On LinkedIn, the companys vice president of revenue announced the news and stated that all sectors of Chipper Cashs marketplaces were affected at this time. In order to reduce expenses amid a rough time for private and public digital companies globally, the fiveyearold payments and cryptocurrency startup has therefore let go of roughly 150 people in the previous three months in addition to the initial round of layoffs. Moreover, Quick Cash refuted claims that it had closed its cryptocurrency division, which holds one of its three primary products—along with FX and airtime—crypto goods. Chipper is among the biggest cryptocurrency Read More..

B2B Tech News | 7 months ago      

The Slacklike tool from ByteDance generated $100M in revenue in 2023.

According to a person familiar with the situation, Feishu, ByteDances app for office collaboration, generated more than $100 million in annual recurri

According to a person familiar with the situation, Feishu, ByteDances app for office collaboration, generated more than $100 million in annual recurring revenue last year. Just a few days after a contentious piece by Leiphone questioned Feishus capital burn, the milestone was first reported by the Chinese tech news website 36kr. Feishu is a comprehensive business communication messenger with useful features including automatic notetaking for video conferences, shared calendars, and collaborative documents. Feishu also has an international version named Lark. The fact that ByteDance invested in Feishu is a reflection of the situation of corporate software in China, where user acquisition is still mostly handled by sales, marketing, and services. Read More..

B2B Tech News | 7 months ago      

The food industry is assisted by Carbon Maps in lessening its climate impact.

The system can serve as a foundation for eco ratings. Carbon Mapping assesses the environmental impact of products, not businesses, with a concentrati

The system can serve as a foundation for eco ratings. Carbon Mapping assesses the environmental impact of products, not businesses, with a concentration on the food industry. Together with biodiversity, water use, and animal welfare, it will also examine the carbon impact. While it would take a lot of work to cover each segment in the food industry, Carbon Mapping is now collaborating on pilot programmes with two businesses. In order to determine the influence of each criterion, the startup develops models with as many criteria as possible. Read More..

B2B Tech News | 7 months ago      

Melbourne Airport has hired KPMG Australia for managed Microsoft Dynamics application services.

The newly integrated Microsoft Dynamics core technology platform will have application services managed by KPMG on behalf of Australia Pacific Airport

The newly integrated Microsoft Dynamics core technology platform will have application services managed by KPMG on behalf of Australia Pacific Airports Corporation Ltd APAC. Management of system upgrades, ongoing improvements, and issues are all included in this. To maximise Melbourne Airports investment in the Microsoft Dynamics platform, a major focus of the multiyear collaboration is solution evergreening. With a business mentality at the centre of the service offering, KPMGs Powered Evolution approach offers clients an enhanced Application Managed Services model. Read More..

B2B Tech News | 7 months ago