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Japans Mitsubishi UFJ buys two Asian units of Home Credit for $620 million

For about 596 million euros $621 million, Japans Mitsubishi UFJ Financial Group Inc 8306.T announced on Thursday that it would purchase the Philippine

For about 596 million euros $621 million, Japans Mitsubishi UFJ Financial Group Inc 8306.T announced on Thursday that it would purchase the Philippines and Indonesian divisions of Dutch consumer finance company Home Credit BV HC. While extremely low interest rates and an ageing population limit business opportunities at home, Japans largest lender is looking to expand its operations in Asia to capitalise on rising consumption in emerging markets. One of HCs main services is pointofsale loans, which are provided to customers for their purchases of goods and services at physical and online points of sale. HC is under the control of PPF, the largest investment organisation in the Czech Republic and the company that the late billionaire Petr Kellner founded. Read More..

B2B Tech News | 2 years ago          

Aquaculture app Oceanfarmr lands $1.45m as it dives headfirst into scaling overseas

A $1.45 million investment round headed by Katapult VC has been completed by Oceanfarmr. Ewan McAsh, a former marine biologist turned oyster farmer, e

A $1.45 million investment round headed by Katapult VC has been completed by Oceanfarmr. Ewan McAsh, a former marine biologist turned oyster farmer, established the business five years ago. With the additional cash, Oceanfarmr will introduce its new Farm to Buy option to its US consumers. Katapult VC has invested in Oceanfarmr, which intends to assist farmers in obtaining waterbased farmland financing. The company estimates that since starting up, revenue has climbed by 874%, putting them three years ahead of initial estimates. Currently, Oceanfarmer has financing requests for farms totaling more than $60 million. It is one of the 23 startups selected to participate in the Katapult Accelerator programme in 2022. Read More..

B2B Tech News | 2 years ago          

EU ministers face big increases in space funding

To improve fleet management, a Kenyan B2B supply chain and logistics SaaS vendor called Leta was established last year. Its patented load and route op

To improve fleet management, a Kenyan B2B supply chain and logistics SaaS vendor called Leta was established last year. Its patented load and route optimization technology is made to increase delivery efficiency to consumers. The firm is in the process of expanding, and with $3 million in preseed capital, it is looking to partner with some of Ghanas major wholesalers and ecommerce companies. It claims to have handled 2,000 cars, delivered more than 20,000 tonnes of cargo, and optimised over 500,000 deliveries. Read More..

B2B Tech News | 2 years ago          

ASIC sues Block Earner, alleging fintech provided unlicensed financial services

The Australian Securities and Investment Commission has taken legal action against Block Earner ASIC. According to the watchdog, the fintech offered u

The Australian Securities and Investment Commission has taken legal action against Block Earner ASIC. According to the watchdog, the fintech offered unlicensed financial services. According to ASIC, licences for the goods USD Earner, Gold Earner, and Crypto Earner should have been obtained. In December 2021, Framework Ventures will lead a $6.4 million seed fundraising round for Block Earner. Jordan Momtazi and Charlie Karaboga launched the business last year. Customers who invest in stablecoin USD coin can receive a return on their investment. Read More..

B2B Tech News | 2 years ago          

Leta, a Kenyan SaaS provider for supply chain and logistics, raises $3 million to scale in Africa

To improve fleet management, a Kenyan B2B supply chain and logistics SaaS vendor called Leta was established last year. Its patented load and route op

To improve fleet management, a Kenyan B2B supply chain and logistics SaaS vendor called Leta was established last year. Its patented load and route optimization technology is made to increase delivery efficiency to consumers. The firm is in the process of expanding, and with $3 million in preseed capital, it is looking to partner with some of Ghanas major wholesalers and ecommerce companies. It claims to have handled 2,000 cars, delivered more than 20,000 tonnes of cargo, and optimised over 500,000 deliveries. Read More..

B2B Tech News | 2 years ago          

China shows signs of easing the crackdown on the video game industry

Beijing appears to be loosening up on its harsh control on the local video gaming industry. Positive news can portend a more upbeat picture for the Ch

Beijing appears to be loosening up on its harsh control on the local video gaming industry. Positive news can portend a more upbeat picture for the Chinese gaming industry. According to a CNG survey, more than 70% of children spend less than 3 hours per week playing internet games. The companys first commercial game licence in 1.5 years is Metal Slug Awakening from Tencent. To publish and earn money in China, video games require approval. Analysts were informed by Tencent management last week that the company anticipates game licence applications to be approved fairly quickly. Read More..

B2B Tech News | 2 years ago          

AMP Bank partners with Bricklet to help home buyers overcome the deposit barrier

The Australian platform for fractional property ownership, Bricklet, has partnered with AMP Bank. According to the arrangement, AMP Bank will give loa

The Australian platform for fractional property ownership, Bricklet, has partnered with AMP Bank. According to the arrangement, AMP Bank will give loans to owner occupiers whose deposits have been secured via the Bricklet sharedequity platform. A fractional ownership share in real estate is available to investors through the internet marketplace Bricklet. People can use Bricklet to obtain a mortgage for their residence and rent the remaining portion from an investor. The buyer pays the investor an occupancy charge in addition to the regular mortgage payments to the bank. However, the homeowner has the option to purchase the investors share of the equity at any time or upon the sale of the house. Read More..

B2B Tech News | 2 years ago          

Europe will be hardest hit by global slowdown, says OECD

According to the Organization for Economic Cooperation and Development, the global economy will slow from 3.1% this year to 2.2% next year. Russias wa

According to the Organization for Economic Cooperation and Development, the global economy will slow from 3.1% this year to 2.2% next year. Russias war in Ukraine has had the greatest impact on Europe, which is also where energy prices have increased the most. Mathias Cormann, director of the OECD, said We are definitely anticipating a period of considerable decline. Over the course of the OECD, inflation was predicted to decline from more than 9% this year to 5.1% by 2024. Although many governments had already spent a lot of money on energy price caps, tax breaks, and subsidies to ease the pain of high inflation, the OECD stated that the high cost meant that such support would need to be better targeted. 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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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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