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The cloud, the key to innovation for East Africas economic growth

The pandemic sparked a wave of cloud adoption throughout the region. Organizations can increase efficiency by implementing cloud solutions for key bus

The pandemic sparked a wave of cloud adoption throughout the region. Organizations can increase efficiency by implementing cloud solutions for key business processes. Cloud technologies provide access to services and capabilities that would be prohibitively expensive for most businesses to build themselves. The cloud provides a unique opportunity for East African businesses to innovate. According to a recent study, some East African industries have taken the lead in cloud adoption. Organizations should seize the opportunity given the importance of manufacturing and tourism to the regional economy. Manufacturers could reap the benefits of AI and robotic process automation by implementing Industry 4.0 capabilities supported by the cloud. Read More..

B2B Tech News | 2 years ago          

Chilean fintech investment Racional raises $2 million to expand into Brazil and Colombia

Genesis Ventures and Amarena led a $2 million round of funding for the Santiagobased fintech Racional. Racional is a piece of software that provides

Genesis Ventures and Amarena led a $2 million round of funding for the Santiagobased fintech Racional. Racional is a piece of software that provides fund management, accounting, ETFs, stock exchange, and funding services in addition to investment counselling. The platforms assets under management have increased by 60% and the fintech just hit 45,000 users. Their crew will be doubled thanks to this round of funding, and they plan to grow to include other Latin American nations. Between the next 12 and 18 months, Racional anticipates reaching 100,000 users, not just in Chile but also in Brazil and Colombia. Read More..

B2B Tech News | 2 years ago          

Operational intelligence gets $5 million to solve customer problems with AI

In a fundraising round headed by Bonfire Ventures, Operative Analytics secured $5 million or USD$3.5 million. Artificial intelligence is used by the M

In a fundraising round headed by Bonfire Ventures, Operative Analytics secured $5 million or USD$3.5 million. Artificial intelligence is used by the Melbournebased software company to analyse client interactions and decrease wait times. In 2021, the global market for contact centre software was expected to be worth USD$26.93 billion AUD$40.2 billion, according to market research firm Fortune Business Insights. The managing director of Bonfire claimed that the brothers had created a simple solution to enhance customer satisfaction at a time when demands were at an alltime high. Read More..

B2B Tech News | 2 years ago          

Egypts Sideup raises $1.2 million to grow its ecommerce platform

The platform for ecommerce services for the MENA region, Sideup, has announced the closing of a $1.2 million seed round. Previously known as Voo, the

The platform for ecommerce services for the MENA region, Sideup, has announced the closing of a $1.2 million seed round. Previously known as Voo, the business ran one of the top logistics marketplaces in the area. Sideup will use its investment cash to expand its activities in Saudi Arabia and strengthen its position in Egypt. Businesses may access partners and technology to expand their operations from a single location thanks to Sideups platform. Read More..

B2B Tech News | 2 years ago          

Malaysian Earned Wages Access firm secures $9 million

The earnedwage access firm Paywatch, based in Malaysia, claimed to have secured $9 million in a preseries A investment headed by Third Prime. Hana Ven

The earnedwage access firm Paywatch, based in Malaysia, claimed to have secured $9 million in a preseries A investment headed by Third Prime. Hana Ventures, Parkwood Corp., the University of Illinois Foundation, and Vanderbilt University contributed endowments to the round as well. Paywatch was established in 2020 and offers earnedwage access services that are supported by significant financial institutions and central banks. Right now, it runs in Malaysia and South Korea. The business claimed to have over 100 corporate clients, including restaurants like Outback Steakhouse, KFC, Pizza Hut, and TGI Fridays. Read More..

B2B Tech News | 2 years ago          

US Army awards Black Hawk replacement contract to Textrons Bell

After a protracted procurement process for a new helicopter to replace the Black Hawk utility helicopter, the U.S. Army on Monday selected Textron Inc

After a protracted procurement process for a new helicopter to replace the Black Hawk utility helicopter, the U.S. Army on Monday selected Textron Inc.s TXT.N Bell division as the winner. In order to replace the more than 2,000 mediumclass UH60 Black Hawk utility helicopters produced by Sikorsky during the 1970s, the Army launched the Future Vertical Lift competition. The Army was looking for a plane that could transport roughly 12 soldiers 400 nautical miles. Mitch Snyder, CEO of Bell, stated in a statement, We are ready to equip soldiers with the speed and range they need to compete and win using the most mature, dependable, and economical highperformance longrange assault weapon system. Read More..

B2B Tech News | 2 years ago          

Reflex Aerospace raises 7 million euros to launch NewSpace satellites at a lower cost

With the commitment of almost €7 million from a group of investors that includes the German publicprivate partnership HighTech Gründerfonds, Reflex

With the commitment of almost €7 million from a group of investors that includes the German publicprivate partnership HighTech Gründerfonds, Reflex Aerospace, a satellite technology business with offices in Berlin and Munich, has announced the initial close of its seed round. By the end of March 2023, Reflex Aerospaces seed round is anticipated to reach €12 million, with the additional money going toward the construction of a satellite manufacturing plant. The business wants to offer ubiquitous highspeed, lowlatency net access to mobile platforms and homes with its UNIO loworbit satellite network. Read More..

B2B Tech News | 2 years ago          

Vaxxas Receives $34 Million Capital Injection to Promote NeedleFree Vaccine Production

The $34 million fundraising round for Brisbanebased medtech Vaxxas has been completed, the company has said. The money will enhance ongoing clinical t

The $34 million fundraising round for Brisbanebased medtech Vaxxas has been completed, the company has said. The money will enhance ongoing clinical trials of its needlefree vaccination technology and expand its production capabilities to a commercial scale. OneVentures and UniQuest, who had previously invested in the company, took the lead in the most recent round, which also included new investors from the board of directors, the management team, and private investors. It increases a federal award of $8 million that was received in September. 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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