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$11 billion fraud case highlights Nigerias resource management problems

The British Virgin Islandsbased resource corporation is being sued by the Nigerian government for $11 billion. The case emphasises the clash between s

The British Virgin Islandsbased resource corporation is being sued by the Nigerian government for $11 billion. The case emphasises the clash between secretive, selfserving foreign corporations and protractedly poor governance. Process and Industrial was established in 2010 by two Irishmen, former music manager Michael Quinn and his business partner Brendan Cahill. They had previously been hired by the Nigerian military to fix tanks and aircraft. Read More..

B2B Tech News | 2 years ago          

Bannister, Centennial Investigates Collective Action Against Medibank For Data Hacking

5.1 million customers of the eponymous brand were impacted by a massive data breach at Medibank, which will be looked into by Centennial Lawyers and B

5.1 million customers of the eponymous brand were impacted by a massive data breach at Medibank, which will be looked into by Centennial Lawyers and Bannister Law Class Actions. Class lawsuits against Optus are also being investigated in the early stages by Slater & Gordon and Maurice Blackburn. The $275,000 settled in the NSW ambulance case would likely not even come close to covering the claims in the class action currently under review. Read More..

B2B Tech News | 2 years ago          

Huawei Cloud launches Spark Incubator with the 1st cohort

Huaweis cloud services division has started its inaugural Spark Incubator Program. The Singaporebased programme will concentrate on regional preseed a

Huaweis cloud services division has started its inaugural Spark Incubator Program. The Singaporebased programme will concentrate on regional preseed and seedstage startups. Each participant is anticipated to have funding of more than S$250,000 US$178,090. Read More..

B2B Tech News | 2 years ago          

Quinio ecommerce aggregator raises $ 40 million in stock and debt

Quinio, a Mexican ecommerce aggregator, raised $40 million in loan and equity. The business model of Merama, a unicorn startup in Mexico, is comparabl

Quinio, a Mexican ecommerce aggregator, raised $40 million in loan and equity. The business model of Merama, a unicorn startup in Mexico, is comparable to that of Quinio. Quinio invests in, runs, and develops ecommerce firms started by regional business owners that have room for expansion. The company presently employs 100 people and has brands in the home, beauty, and health sectors in Mexico, Colombia, Chile, and the United States. Quinio anticipates $50M in recurring revenue by the end of 2022. Read More..

B2B Tech News | 2 years ago          

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          



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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