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The silver lining for Superdraft as creditors vote to save IP from liquidation

Superdraft, an architectural technology business with its headquarters on the Gold Coast, has filed for liquidation. The intellectual property that su

Superdraft, an architectural technology business with its headquarters on the Gold Coast, has filed for liquidation. The intellectual property that supported its momentum, however, has been kept. Renovations and new construction can be more effectively coordinated thanks to the superior project coordination and digital twin technologies created by ArchiX Holdings Pty Ltd for the real estate sector. Grant Thornton, the companys administrator, anticipates the execution of a Deed of Company Administration DOCA in the upcoming week. AnarchiX Pty Ltd entered liquidation in November with estimated assets totaling $77,909 and $2.16 million in debt to creditors. Read More..

B2B Tech News | 3 years ago          

World Bank lowers growth forecast for Nigeria to 3.1%

The World Bank revised its prediction for Nigerias growth in 2022 from 3.8% to 3.1%. The bank stated in its most recent Nigeria Development Update NDU

The World Bank revised its prediction for Nigerias growth in 2022 from 3.8% to 3.1%. The bank stated in its most recent Nigeria Development Update NDU, released in Abuja, that the country had to make difficult decisions or risk experiencing a worsening economic downturn in the months and years to come. According to the World Bank, the poor economic growth in the third quarter was caused by subpar performance in important economic sectors. The bank added that Nigerias economy must expand more quickly in order to eradicate poverty while also forecasting growth to slow to 2.9% in 2023. Read More..

B2B Tech News | 3 years ago          

Amazon is facing a $280 million lawsuit from the Vietnamese manufacturer

Bloomberg reported that Gilimex, a Ho Chi Minh Citybased Vietnamese manufacturer, is suing Amazon for US$280 million, alleging that the US internet gi

Bloomberg reported that Gilimex, a Ho Chi Minh Citybased Vietnamese manufacturer, is suing Amazon for US$280 million, alleging that the US internet giant has reduced orders after increasing capacity. The case was brought against Amazon Robotics in the New York State Supreme Court. Gilimex, which worked with Amazon from 2014 to 2022, claimed that after signing the contract with the digital giant, it had already made an eightfigure US dollar investment in production facilities. The increased investment included hiring 7,000 more employees as well. Read More..

B2B Tech News | 3 years ago          

Solar Distributor OSW Raises $51 Million War Fund to Lead Renewable Energy Battle Around the World

Hillhouse Investment has contributed $51 million to OSWs Series A fundraising round. The monies will be utilised to expand worldwide as well as revita

Hillhouse Investment has contributed $51 million to OSWs Series A fundraising round. The monies will be utilised to expand worldwide as well as revitalise local products and services. In 2013, undergraduate friends Jeff Yu and Anson Zhang cofounded OSW. According to OSW cofounder Zhang Yingying Zhang, solar power generation will play an important role in society for many years to come. In 2018, Zhang and Jeff Yu cofounded renewable energy supplier Discover Energy. Hillhouse Investment is pleased about the role OSW will play in achieving carbon neutrality. Read More..

B2B Tech News | 3 years ago          

Syncfy Raises $10M in Open Finance Platform Seed Round

Point72 Ventures led a $10 million seed investment round for open finance platform Syncfy. Paybook, one of Latin Americas open finance systems, owns S

Point72 Ventures led a $10 million seed investment round for open finance platform Syncfy. Paybook, one of Latin Americas open finance systems, owns Syncfy. Syncfy users can access data from 125+ different financial institutions and service providers throughout 15+ Latin American and worldwide countries via a single API. Customers can use the platform to accept different payment methods, including cryptocurrency, within their app or platform. Syncfy will be able to expand its product line across Latin America with the support of this round of finance. Read More..

B2B Tech News | 3 years ago          

Visa pledges to invest $1 billion in Africa to accelerate digital transformation

Visa has pledged $1 billion over the next five years to help African economies become more resilient, innovative, and inclusive. The pledge will help

Visa has pledged $1 billion over the next five years to help African economies become more resilient, innovative, and inclusive. The pledge will help Visa expand its operations in Africa and strengthen relationships with important partners such as governments, financial institutions, mobile operators, fintechs, and merchants. Visa has ten African offices from which it accepts payments in all 54 nations. In Nairobi, Kenya, a specialised Visa SubSaharan Africa Innovation Studio provides a cuttingedge environment for clients and partners to cocreate payment and commerce solutions. Read More..

B2B Tech News | 3 years ago          

Felix Schoeller Group is expanding in North America

The Felix Schoeller Group is systematically implementing its North American expansion strategy. Capacity at the companys US and Canadian locations wil

The Felix Schoeller Group is systematically implementing its North American expansion strategy. Capacity at the companys US and Canadian locations will be greatly increased beginning in 2023. The overall investment in North American sites for the production of highquality décor papers and release liners is estimated to exceed $100 million US dollars. With the advent of a new paper mill, Felix Schoeller is beginning a new chapter in North America. Customers will be able to rely on the company for consistent supply and local service for highquality décor papers. The COVID crisis demonstrated the value of domestic manufacturing in terms of flexibility and dependability. Read More..

B2B Tech News | 3 years ago          

South Koreas Webtoon platform brings in $7.6 million

Postype, a content creator publishing platform located in South Korea, has secured $7.6 million in a round headed by Sui Generis Partners and backed b

Postype, a content creator publishing platform located in South Korea, has secured $7.6 million in a round headed by Sui Generis Partners and backed by Shinhan Venture Investment and We Ventures. Postype assists producers in monetizing their work and connecting with fans. According to the firm, its platform has grown in popularity among producers and viewers of webtoons vertical scrolling digital comics and serialised literature. Postype presently has roughly 5 million monthly active users, according to Hanjae Kim, CEO and partner at Sui Generis Partners. According to the platform, its founders have earned a total of more than US$54 million to date. Read More..

B2B Tech News | 3 years ago          



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Refresh Your Facts

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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