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Platform for asset tokenization Koibanx raises $22 million in a financing round

Argentinabased asset tokenization platform Koibanx has raised $22 million in its first investment round. Fintech allows financial institutions to toke

Argentinabased asset tokenization platform Koibanx has raised $22 million in its first investment round. Fintech allows financial institutions to tokenize assets, bring them to the blockchain, defragment them, use them as a means of payment and exchange them with each other and cryptocurrencies. Koibanx was founded 7 years ago and is located in Mexico, Colombia, El Salvador, Argentina, and Uruguay. The company has already built partnerships with over 10 banks, 15 financial institutions, and 4 governments. For example, Koibanx is helping the Nigerian government implement a wallet through a massive tokenization program that could become one of the largest crypto projects in the world. Read More..

B2B Tech News | 3 years ago          

Asian shares increase by 0.4% on the back of a potential audit deal for Chinese tech

Asian shares rose on Friday, buoyed by news of possible progress for China as well as the United States to hammer out an audit deal. The Wall Street J

Asian shares rose on Friday, buoyed by news of possible progress for China as well as the United States to hammer out an audit deal. The Wall Street Journal reported that Washington and Beijing are nearing an agreement that allows American accounting regulators to inspect audit records of Chinese companies. Traders anxiously awaited a speech from Federal Reserve Chair Jerome Powell on the ratehike path later in the day. Interest rate futures now imply a 60% chance of a 75 bp Fed hike in September. 10year Treasury notes were up slightly to 3.0425%, compared with their U.S. close of 3.024% the previous day Comm commodityexposed Australian and New Zealand dollars fell 0.4% versus the greenback after a strong rebound on Thursday. Oil prices recovered some ground on Friday after slumping by about $2 a barrel in the last session. Read More..

B2B Tech News | 3 years ago          

Londonbased Muse raises $20 million to support small businesses

At a time when small business lending is unprecedented in the UK, Londonbased small business financial services platform Muse Finance has raised $20 m

At a time when small business lending is unprecedented in the UK, Londonbased small business financial services platform Muse Finance has raised $20 million in debt settlement. The new influx of capital brought the companys total raised to $96 million. The debt loan comes ahead of a Series A round scheduled for early 2023. This investment will accelerate the startups expansion, support UK customers and launch in the US. The platform is used by 5,000 UK customers to fund over 36,000 invoices. The company previously raised £64 million from RiverRock and Prime 5 Finance Limited Read More..

B2B Tech News | 3 years ago          

South Korea signs an agreement with Russia to help build Egypts first nuclear power plant

South Korea has signed a 3 trillion won contract with a Russian state nuclear plant to supply parts for Egypts first nuclear power plant. ASE is a sub

South Korea has signed a 3 trillion won contract with a Russian state nuclear plant to supply parts for Egypts first nuclear power plant. ASE is a subsidiary of Russias state nuclear giant Rosatom. South Korea has made it clear to the United States in advance that it intends to participate in the Dava project and that its allies will consult closely with each other during the work. Byungho Yun, the presidents office, said that Koreas participation in the Dava project will help establish a foothold for the African nuclear power plant project in the future. He noted that the technology provided by South Korea to the project could not violate international sanctions against Russia. The agreement confirms Koreas advanced technology, safety, and strong supply chain in the nuclear industry. Read More..

B2B Tech News | 3 years ago          

Prometeo is the first fintech company in Latin America to offer A2A payments

Prometeo is the first company in Latin America to offer accounttoaccount A2A payments. Fintech is the largest open banking platform in Latin America.

Prometeo is the first company in Latin America to offer accounttoaccount A2A payments. Fintech is the largest open banking platform in Latin America. The company provides a single point of access to information and transactions, its goal being to create the financial services infrastructure of the future. A2A payment solutions solve the problems associated with traditional payment methods. A readymade widget allows customers to enter payments into their bank accounts across digital channels. The company has shared details on how this process works. Prometeo founder and CEO Ximena Aleman shared some information about the launch of this product. The service is available in Colombia, Peru, and Uruguay and will expand soon. Mexico and Chile. Read More..

B2B Tech News | 3 years ago          

Money laundering is criticised in cashrich Germany by a watchdog

The international watchdog criticized Germany for not doing enough to fight money laundering, such as prosecuting too few people for the crime, despit

The international watchdog criticized Germany for not doing enough to fight money laundering, such as prosecuting too few people for the crime, despite being one of the worlds biggest money centers. The Financial Action Task Force FATF is a global body that groups countries from the U.S. to China to tackle financial crime. Germany has more banks than any other country in the European Union, according to the report. The assessment highlights a series of failings, including a lack of control of those who handle a large amount of money. Germanys finance minister has pledged to centralize control and modernize the authorities technology. Germany has 11 million international migrants, the thirdbiggest globally, according to the report. Read More..

B2B Tech News | 3 years ago          

India is the Second Largest Market for Global Smartwatches

According to Counterpoint Global Smartwatch Model Shipment and Revenue Tracker, the global smartwatch market grew by 13% in the second quarter of 2022

According to Counterpoint Global Smartwatch Model Shipment and Revenue Tracker, the global smartwatch market grew by 13% in the second quarter of 2022. Apple maintains its lead with a market share of 29.3%, owing to strong sales and profit margins in its premium Apple Watch line. India is the secondlargest market for smartwatches, with leading manufacturers including Noise and FireBoltt. The colorful Pro 4 and Pro 4 Max smartwatches, which retail for Rs. 3,499 and Rs. 3,999, respectively, were recently released by Noise in India. Read More..

B2B Tech News | 3 years ago          

Alloy Capital invests more than $14 million in conversational messaging company Auronix

Alloy Capital announced in a press release that it has invested approximately $14.5 million in Mexican chat messaging company Auronix. The Mexican co

Alloy Capital announced in a press release that it has invested approximately $14.5 million in Mexican chat messaging company Auronix. The Mexican company uses the most popular messaging channels such as WhatsApp, Messenger, Instagram, Google Business Messages, Apple Messages for Business, RCS, and SMS to automate the companys customer engagement process. Meta is the only Mexican company that is an official messaging partner of Google and Apple. Headquartered in Houston, Texas, Alloy typically invests between $5 million and $25 million in US and Mexican companies. Read More..

B2B Tech News | 3 years ago          



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5.  Approximately 8 billion gadgets connect on the internet every day.
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