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Adelaidebased digital lender TicToc expands Series D to $54m

Publish to Twitter Publish to LinkedIn Fintech company TicToc, based in South Australia, said today that it has raised an additional $24 million in fu

Publish to Twitter Publish to LinkedIn Fintech company TicToc, based in South Australia, said today that it has raised an additional $24 million in funding, driven by current shareholder IAG Firemark Ventures, bringing the total raised for its Series D to $54 million. With the addition of the second Series D tranche and the $30 million it raised in February 2022, the digital lender with its headquarters in Adelaide—not to be confused with the enormous Chinese social media platform TikTok—now has an estimated valuation of $230 million. With its fully automated credit underwriting procedures that run on the businesss own exclusive AIdriven lending platform, TicToc claims that the funds will be used to change the digital lending sector. Read More..

B2B Tech News | 3 years ago          

South African Woolworths sells Australian David Jones

After years of poor performance, Woolworths WHLJ.J is finally leaving the upscale department store chain by selling its Australian David Jones divisio

After years of poor performance, Woolworths WHLJ.J is finally leaving the upscale department store chain by selling its Australian David Jones division to private equity firm Anchorage Capital Partners. As part of previous Chief Executive Ian Moirs plans to make Woolworths a dominant force in the southern hemisphere, the South African food and fashion giant paid a high premium to expand in Australia via David Jones. But because the 185yearold department chains transformation took longer than anticipated and was hampered by an excess of physical stores, rigid leases, and a shaky internet operation, Woolworths was forced to continuously writing down the units value. Without success, Woolworths also made an attempt to recreate its lucrative South African food enterprise in David Jones. Read More..

B2B Tech News | 3 years ago          

India working on shared power grid across South Asia Department of Energy

According to Mr. Ajay Tiwari, assistant secretary, Ministry of Power, at the CII South Asia BBIN Power Summit on Friday, India is aggressively working

According to Mr. Ajay Tiwari, assistant secretary, Ministry of Power, at the CII South Asia BBIN Power Summit on Friday, India is aggressively working toward a vision to have an integrated power system across the South Asian area covering as many countries as possible. India will already be obtaining 42% of its energy needs from nonfossil sources by the year 2022. According to Mr. Tiwari, preparations are also being made to connect grids from India to Myanmar, Myanmar to Thailand, Thailand to Singapore, and the Gulf Countries, as well as via the Gulf Countries, to Africa and up north with Europe. Read More..

B2B Tech News | 3 years ago          

The US must recoup Chinas investment in Africa, says a trade official

When it comes to investment in Africa, the United States is playing catchup with China, according to a senior official in President Joe Bidens admin

When it comes to investment in Africa, the United States is playing catchup with China, according to a senior official in President Joe Bidens administration. American companies considering investing in Africa require more assistance from Washington, according to Deputy Commerce Secretary Don Graves. He made the remarks ahead of a highprofile meeting of African leaders in Washington. According to Qin Wenbo, vicepresident of China Development Bank, China has cancelled the most debt among countries participating in the socalled Debt Service Suspension Initiative DSI. Read More..

B2B Tech News | 3 years ago          

Enpal pledges €855m, Trimble wins Transporeon for €1.88bn deal and more than €3bn invested in European technology this week

We monitored over 105 tech fundraising transactions worth over €3 billion this week, as well as over 25 exits, M&A deals, rumours, and associated ne

We monitored over 105 tech fundraising transactions worth over €3 billion this week, as well as over 25 exits, M&A deals, rumours, and associated news pieces across Europe. We monitored over 105 tech fundraising transactions worth over €3 billion this week, as well as over 25 exits, M&A deals, rumours, and associated news pieces across Europe. You belong to the select group with special access to our findings as a paid subscriber. Youd struggle to keep up with it all, even though we frequently post this information in realtime on Twitter and Instagram the much more fun choice. Trust us we are knowledgeable. We take up the task each and every week so you dont have to. Read More..

B2B Tech News | 3 years ago          

Cooke criticises NSWs tax raise plans at a Sydney casino, sending The Stars shares plummeting.

NSW Treasurer Matt Kean announced over the weekend that the government would raise casino gaming taxes for The Star and Crowns Barangaroo casino begin

NSW Treasurer Matt Kean announced over the weekend that the government would raise casino gaming taxes for The Star and Crowns Barangaroo casino beginning July 1, 2023. The Star currently pays less tax on gaming machines than clubs and pubs in NSW. According to The Star, it is seeking urgent talks with the NSW Government to argue against the longterm viability of the proposed tax changes. The company is particularly concerned that the new tax follows reforms resulting from the Bell inquiry, which it claims has resulted in the implementation of cashless gaming and carded play. Read More..

B2B Tech News | 3 years ago          

Its not all monkey, hodl and moon. EthSign fights fraud in the startup space

EthSign is developing a system that might aid in preventing fraud in the startup industry. The business first looked into using esignatures in Web3. T

EthSign is developing a system that might aid in preventing fraud in the startup industry. The business first looked into using esignatures in Web3. The founders then understood that the information being gathered on the chain could be used for validation. Will it function? You can learn all about it here and make your own decision. Read More..

B2B Tech News | 3 years ago          

EU strikes deal to boost CO2 market, Europes biggest climate policy

By 2030, the EUs carbon market will be reformed to reduce emissions by 62% from 2005 levels. The plan calls for the removal of 90 million CO2 permits

By 2030, the EUs carbon market will be reformed to reduce emissions by 62% from 2005 levels. The plan calls for the removal of 90 million CO2 permits from the system in 2024, 2026, and 2030. In 2027, a new carbon market covering suppliers of CO2emitting fuels used in automobiles and buildings will be launched. If the price of CO2 reaches 45 euros $47.62 per tonne, extra permits will be released into the market to try to keep prices stable. Read More..

B2B Tech News | 3 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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