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Dubaibased BNPL firms $58 million round is supported by Sequoia India and PayPal Ventures.

Tabby, a purchase now, pay later company based in the UAE, has raised US$58 million in a series C round led by Sequoia Capital India, STV, and PayPal

Tabby, a purchase now, pay later company based in the UAE, has raised US$58 million in a series C round led by Sequoia Capital India, STV, and PayPal Ventures, among others. Tabby is now valued at over US$660 million, making it one of the top startups in the Middle East and North Africa area. Tabby, founded in 2019 by Hosam Arab and Daniil Barkalov, has over 3 million active members. Without going into numbers, Tabby stated that its revenue increased fivefold over the previous year. It works with over 10,000 global brands, including Shein, Ikea, H&M, and Bath & Body Works. Read More..

B2B Tech News | 2 years ago          

US bank warnings about a recession are causing IT companies to be uncertain.

Dalal Street was not surprised by the largecap software companies December quarter earnings, and the current quarter is also anticipated to remain rel

Dalal Street was not surprised by the largecap software companies December quarter earnings, and the current quarter is also anticipated to remain relatively unchanged. However, management analysis and the red flags raised by several of the major American banks imply that FY24 would be a challenging year for the sector. According to JPMorgan, Citigroup, and Bank of America, the economy would likely experience a moderate recession in 2023. Read More..

B2B Tech News | 2 years ago          

To prevent abuse, SEBI suggests an IPOlike blocking of funds facility for trading in the secondary market.

Sebi, the capital markets regulator, recommended a blocking of funds facility for trading in secondary markets on Tuesday, with the goal of protecting

Sebi, the capital markets regulator, recommended a blocking of funds facility for trading in secondary markets on Tuesday, with the goal of protecting investors money against misuse and default by stock brokers. This is analogous to the existing Application Supported by Blocked Amount ASBAlike capability for the primary market, which assures that money from an investor is moved only when an allocation occurs. Advertisement According to Sebis consultation document, the proposed implementation of a blocking of funds facility for trading in secondary markets would allow investors to engage in secondary markets using blocked funds in their bank accounts, eliminating the need to transfer funds to a stockbroker. Read More..

B2B Tech News | 2 years ago          

Acquisition of Dutch legal search engine Bluetick.

Bluetick has developed an AI that allows legal counsels to quickly extract actionable knowledge from their internal ecosystem of enforceable contracts

Bluetick has developed an AI that allows legal counsels to quickly extract actionable knowledge from their internal ecosystem of enforceable contracts, down to particular subclauses. The AI is basically trained to classify PDF scans and webbased text and then index that data in the platforms search engine. Bluetick was created in 2019 by four Masters graduates of the Jheronimus Academy of Data Science in Den Bosch. The goal is to become a personal assistant to the legal profession. Currently, just 4% of judgements make it into the public realm, but with the open government agenda, at least 75% will eventually be revealed. Read More..

B2B Tech News | 2 years ago          

Ramaphosas emergency plan, which includes new laws, to end load shedding.

South Africas National Energy Crisis Committee, which is overseen by President Cyril Ramaphosas office, anticipates record power outages to improve as

South Africas National Energy Crisis Committee, which is overseen by President Cyril Ramaphosas office, anticipates record power outages to improve as measures put in place, such as a new law to expedite plant development, take effect. South Africas government has come under fire for imposing power outages on 205 days last year and every day in 2023 so far. Ramaphosa cancelled his trip to the World Economic Forum in Davos to hold crisis discussions with Eskom, labour unions, and industry. The first of more than 100 privately owned power plants being created will be connected to the grid by the end of this year, according to Necom. Read More..

B2B Tech News | 2 years ago          

Amid demands for work from home and widespread layoffs, Meta and Microsoft close their US offices.

Microsoft and Meta are closing their headquarters in Seattle and Bellevue in the midst of increasing reports of mass layoffs and costcutting in the co

Microsoft and Meta are closing their headquarters in Seattle and Bellevue in the midst of increasing reports of mass layoffs and costcutting in the computer sector. The Arbor Block 333, which is on Eighth Avenue North in downtown Seattle, is where Facebooks offices will be sublet, the Seattle Times reported on Friday. Microsoft, situated in Redmond, announced that it would not extend its lease at the 26story City Center Plaza in Bellevue on the same day. The Seattle Times reports that the lease for Microsoft in the area will expire in June 2024. While Microsoft declared that the business is assessing its real estate portfolio, Meta claimed that they are attempting to be financially prudent. Read More..

B2B Tech News | 2 years ago          

Unmanned Aerial Systems UAS Market Report for South America, 2022–2027.

ResearchAndMarkets.com now has the research, South American Commercial Unmanned Aerial Systems UAS Growth Opportunities. This report analyses South

ResearchAndMarkets.com now has the research, South American Commercial Unmanned Aerial Systems UAS Growth Opportunities. This report analyses South Americas current position in the global commercial unmanned aerial system UAS sector and how recent global events will affect its future growth.  The agriculture and mining industries use the majority of commercial drone platforms in this market, with varying degrees of adoption throughout the region.  Due to the lack of infrastructure for conventional vehicles and inactive aerospace, which enables the broad usage of commercial drone platforms, drone delivery applications are progressively seeing increased adoption and have the possibility of taking off in mountainous countries in the near future. Read More..

B2B Tech News | 2 years ago          

Aerones of Latvia raises $30 million to keep the turbines running.

Rigabased Aerones has funded $30 million to take the show on the road to Africa and Australia after witnessing demand soar across Europe, North and So

Rigabased Aerones has funded $30 million to take the show on the road to Africa and Australia after witnessing demand soar across Europe, North and South America. Aerones, a business in Riga that provides robotassisted maintenance and inspection of wind turbines, has raised $30 million in a Series A financing. The firm claims that this additional funding would be used to increase the number of fielddeployed robot service teams, increase its presence in Africa and Australia, sell new services, and expand its technical and sales operations. The $30 million round for Aerones, which was already supported by YCombinator, was coled by Lightrock and Haniel and included new investors Blume Equity, Change Ventures, Mantas Mikuckas, Metaplanet, Pace Ventures, and Future Positive Capital. Read More..

B2B Tech News | 2 years ago          



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Refresh Your Facts

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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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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