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QuotaBook, a YC grad, raises $11 million to expand its stock management platform

Seoulbased inventory management platform QuotaBook has raised $11 million in funding led by Elefund. Access Ventures, Hana Securities, and South Korea

Seoulbased inventory management platform QuotaBook has raised $11 million in funding led by Elefund. Access Ventures, Hana Securities, and South Korean fintech company Viva Republica also joined the round. The startup was founded by former venture capitalists Andy Choi, Dan Hong, and Pilseon Jun in 2019. It aims to digitize the equity/fund management process, provide a common standard for securityrelated data, and host shareholder and board meetings online. About 40% of startups in Korea use QuotaBooks service that provides cap table management. In June, it launched a limited inventory unit RSU management service. The startup raised seed funding in June 2021 from Draper Associates, Carta Ventures, Elefund, Goodwater Capital, and Scale Asia Ventures. Read More..

B2B Tech News | 3 years ago

Exponent Energy in India might have discovered the key to 15minute quick EV charging

Bangalorebased Exponent Energy has reportedly invented a 15minute fast charging method for electric vehicles. The startup, which raised $13 million in

Bangalorebased Exponent Energy has reportedly invented a 15minute fast charging method for electric vehicles. The startup, which raised $13 million in a Series A round, relies on a combination of batteries and charging infrastructure. Exponent announced its first partnership with Altigreen, an Indian electric cargo vehicle manufacturer, earlier this month. Exponents Series A funding will be used to scale up the e^pump network in each city Exponent expands into, starting with Bengaluru and eventually making its way to New Delhi. The company also plans to deploy 2,000 vehicles with Exponent as part of the Altigreen partnership. The round was led by Lightspeed with participation from YourNest VC, 3one4 Capital, and AdvantEdge VC. Exponent Energys epack is scalable across multiple form factors, and the company is in the engineering phase for partnerships in other segments. Vinayak said the bottleneck for adoption is energy, as slow charging 3 to 6 hours affects operations. Commercial vehic Read More..

B2B Tech News | 3 years ago

The International Trade Center ITC brings Tunisian textile companies to Egypt to boost regional trade

The top exports from the Middle East and North Africa are textiles and apparel. Egypt, Jordan, Morocco, and Tunisia all have free trade agreements tha

The top exports from the Middle East and North Africa are textiles and apparel. Egypt, Jordan, Morocco, and Tunisia all have free trade agreements thanks to the Agadir Agreement. 55% of the regions textile and apparel exports totaled $8.6 billion in their combined exports in 2019. The largest textile consumers in the Agadir region are the EU and the US. Exports to nearby nations continue to be relatively low, in part because of lower purchasing power. The missions objectives include enhancing logistics and lowering nontariff barriers between the two nations. Read More..

B2B Tech News | 3 years ago

Drought in Europe threatens German industry as Rhine levels drop

Water levels on the Rhine at Emmerich, near the Dutch border, dropped by a further 4 centimeters 1.6 inches in 24 hours. The Rhine River still has a d

Water levels on the Rhine at Emmerich, near the Dutch border, dropped by a further 4 centimeters 1.6 inches in 24 hours. The Rhine River still has a depth of almost 200 centimeters six feet, six inches But the record low measurement highlights the extreme lack of water caused by months of drought across Europe. Germanys main industry lobby group warns factories may have to throttle production or halt it completely. Read More..

B2B Tech News | 3 years ago

Gartners claimed rise is credited to the ZTNA methodology, according to Fortinet

Fortinet has been ranked amongst the first five ZTNA vendors, with the fastest growing revenue quarteroverquarter and yearyear. The company attributes

Fortinet has been ranked amongst the first five ZTNA vendors, with the fastest growing revenue quarteroverquarter and yearyear. The company attributes this growth to its differentiated approach to workfromanywhere security. Zerotrust is slowly becoming a dominant enterprise security strategy for businesses. Fortinet ZTNA has emerged as a leading technology adopted by organizations as a first step to implementing zero trust principles in the corporate network. 60% of organizations will embrace zero trust as a starting point for security by 2025, but more than half will fail to realize the benefits, according to a report from Fortinet. The company says there is also an added benefit of easy transition from VPN to ZTna, as both are managed by the same integrated client from Fortinet. Read More..

B2B Tech News | 3 years ago

ABG is expected to announce the £200m takeover of Ted Baker

Licensing firm Authentic Brands Group is expected to announce a deal to buy the Londonbased fashion brand for around 200 million pounds $240 million,

Licensing firm Authentic Brands Group is expected to announce a deal to buy the Londonbased fashion brand for around 200 million pounds $240 million, down 300 million pounds from an estimated deal, Sky News reported. Ted Baker went up for sale in April, alongside Sycamore Partners, Bluestar Alliance, and ABG, among others. Before launching the sale, it rejected several offers from private equity group Sycamore Partners. ABG owns Brooks Brothers and Juicy Couture and bought Reebok from Adidas in March. Read More..

B2B Tech News | 3 years ago

Kenya Re charges a premium of 32% from the Indian market

Kenya Re has traditionally depended on the Kenyan market from which it collected a mandatory 20% premium from the leading insurers. However, the compa

Kenya Re has traditionally depended on the Kenyan market from which it collected a mandatory 20% premium from the leading insurers. However, the company has gained a smaller presence in many markets, increasing its potential for outstanding diversification. India was Kenyas secondlargest source of business, accounting for 32%of total premiums, behind Kenyas 38%. Kenya Re has invested millions of shillings in establishing and expanding regional subsidiaries to diversify its portfolio. The companys position in the domestic market is considered relatively strong, strengthened by the forced shutdown. Other reinsurers operating in Kenya include Ghana Re, SepRe, East Africa Re, and Continental Re. GCR gave the company a stable outlook with a very strong credit profile, supported by riskadjusted capital and liquidity. Read More..

B2B Tech News | 3 years ago

Bendigo and Adelaide Bank are seeing the results of their digital transformation.

Bendigo and Adelaide Bank reduced core banking systems and technology applications in 2022. Up Digital Bank reached more than $1 billion in deposits i

Bendigo and Adelaide Bank reduced core banking systems and technology applications in 2022. Up Digital Bank reached more than $1 billion in deposits in one year. Its acquisition of Melbournebased fintech Ferocia for $116 million in August last year will deliver enhanced capability to reengineer our business for the digital age. The banks investment spending reached $166.6 million over the year with 55% spent on foundational technology and 32 percent put towards risk and compliance. The bank posted a regulatory net profit after tax of $488.1 million, down 6.9% from the prior corresponding period, while cash profit after tax increased 9.4% to USD 500.4 million. Read More..

B2B Tech News | 3 years ago

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