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War hampers financial liberalization in Ethiopia

Foreign banks are likely to be allowed to apply for their own banking licences and own up to 30% of Ethiopian banks, with foreign individuals owning u

Foreign banks are likely to be allowed to apply for their own banking licences and own up to 30% of Ethiopian banks, with foreign individuals owning up to 5%. Domestic banks have enjoyed a return on equity of more than 20% in recent years, but competition may cause this figure to fall. Read More..

B2B Tech News | 2 years ago          

Former Courtenay House manager pleads guilty to $180m Ponzi scheme

Tony Iervasi was the only director of The Courtenay House companies for many years. He admitted running a $180 million Ponzi scam that defrauded 585 i

Tony Iervasi was the only director of The Courtenay House companies for many years. He admitted running a $180 million Ponzi scam that defrauded 585 investors over the period of more than six years. He pleaded guilty to four counts of engaging in dishonest behaviour between December 13, 2010 and April 21, 2017. Following an inquiry and referral by the Australian Securities and Investments Commission, the Commonwealth Director of Public Prosecutions is prosecuting the case. Read More..

B2B Tech News | 2 years ago          

Japans NTT Docomo will launch a $4 billion Web3focused company.

According to Nikkei Asia, Japanese mobile operator NTT Docomo has set aside 500 billion yen to 600 billion yen US$3.4 billion to US$4 billion to inves

According to Nikkei Asia, Japanese mobile operator NTT Docomo has set aside 500 billion yen to 600 billion yen US$3.4 billion to US$4 billion to invest in Web3 technology. According to Nikkei Asia, the funds will be used to establish a company that will develop blockchainbased solutions. It will go into service in 2023. This is not NTT Docomos first foray into Web3. Earlier this year, the company announced the establishment of a metaverse unit. Qonoq was last reported to have 200 employees. Qonoqs $412 million budget is focused on several functions, including the creation of metaverse experiences via XR World and virtual concert channel Matrix Stream. It also allows businesses to Read More..

B2B Tech News | 2 years ago          

Norwegian KYC platform Strise raises 3.3 million euros

Strise closed a €3.3 million round to expand the companys European marketplace presence and launch Strise Global, their new product for counterparty

Strise closed a €3.3 million round to expand the companys European marketplace presence and launch Strise Global, their new product for counterparty due diligence and global sanctions checks, on November 9th. Strise, which launched in 2020, has Nordea, Danske Bank, and the SpareBank1 Alliance as customers. Read More..

B2B Tech News | 2 years ago          

Algerian super app Yassir raises $150M in Series B funding

A multisided marketplace called Yassir provides ondemand services like banking, food and grocery delivery, ridehailing, and more. Over 8 million peopl

A multisided marketplace called Yassir provides ondemand services like banking, food and grocery delivery, ridehailing, and more. Over 8 million people use the company, which has operations in six nations and 45 cities. Yassir wants to contact more people in the area. Abdelhamid Noureddine, a Stanford PhD and native of Algeria who created Yassir, lived in Silicon Valley for more than 15 years before going back to his native country. According to Daegwon Chae, general partner at BOND, the app has already proven crucial to users for important elements of their lives. Read More..

B2B Tech News | 2 years ago          

Census data shows the full extent of interstate migration to the QLD

In the five years prior to the 2021 Census, Queensland saw a population increase of over 100,000. The net gain is around 2% of the total population of

In the five years prior to the 2021 Census, Queensland saw a population increase of over 100,000. The net gain is around 2% of the total population of the state. More than 102,000 people left New South Wales for other states or territories, which resulted in the biggest net loss. There was a net loss of 160,100 residents from Australias capital cities throughout the five years leading up to 2021. The majority 87% of those who did move did so within the same state. The least likely to have relocated were those employed in the cattle or toolmaking industries. Read More..

B2B Tech News | 2 years ago          

BigPay chooses TripleA for the new cryptographic functionality

Users can now convert cryptocurrency assets into cash using the latters debit cards thanks to a partnership between Capital As fintech division BigPay

Users can now convert cryptocurrency assets into cash using the latters debit cards thanks to a partnership between Capital As fintech division BigPay and the cryptocurrency payment gateway TripleA. Currently accepting Bitcoin, Ethereum, USD Coin, and Tether, the service known as Crypto topup has ambitions to soon broaden its selection. In Q3, BigPays user base increased to over 1.2 million, a 48% and 4% rise year over year and quarter over quarter, respectively. Read More..

B2B Tech News | 2 years ago          

Wall Street Journal Meta plans significant layoffs

According to the Wall Street Journal, Facebookparent Meta is considering its first large layoffs. Thousands of people are anticipated to lose their jo

According to the Wall Street Journal, Facebookparent Meta is considering its first large layoffs. Thousands of people are anticipated to lose their jobs, which could begin as soon as this week. Meta announced its second quarterly revenue loss and profit reduced in half from the previous year last month. 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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