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Southeast Asian credit fintech Kredivo scores $270M Series D

Kredivo Holdings, which provides loans to underbanked consumers in Indonesia and Vietnam, has raised $270 million in an oversubscribed Series D round.

Kredivo Holdings, which provides loans to underbanked consumers in Indonesia and Vietnam, has raised $270 million in an oversubscribed Series D round.Mizuho Bank, a subsidiary of Mizuho Financial Group, headed the round with a $125 million contribution. The business has now raised approximately $400 million in equity and has pledged nearly $1 billion in debt facilities to expand its loan book. Another way Kredivo mitigates risk and reduces the cost for its credit is by focusing on urban, whitecollar, engaged users with financial accounts, as opposed to rivals who focus on higherrisk consumers and charge proportionally higher interest rates. Read More..

B2B Tech News | 2 years ago          

At Denvers crypto fest, bears abound, but none can be seen.

EthDenver, the worlds largest Ethereum developer gathering, drew 20,000 attendees to Denver. The crypto market has lost up to $2 trillion, but many en

EthDenver, the worlds largest Ethereum developer gathering, drew 20,000 attendees to Denver. The crypto market has lost up to $2 trillion, but many entrepreneurs and investors think the market downturn is beneficial to the web3 spaces longterm health. Developers and founders saw the reduced party attendance as a positive sign because it indicated that the majority of the speculators had left. The downsizing of events and celebrations coincided with shrinking investments for startups, which are now facing a difficult time attracting funding. Venture capital for web3 businesses fell sharply in Q4 2022, totaling $2.4 billion compared to $9.3 billion the previous year, and the number of web3 startups funded fell by half to 327 during the quarter. Read More..

B2B Tech News | 2 years ago          

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 | 2 years 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 | 2 years 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 | 2 years 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 | 2 years 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 | 2 years 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 | 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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