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Creditas raises $ 50 million and buys the Andbank banking license in Brazil

Brazilian fintech company Creditas has announced a partnership with Andbank, from Andorra. Andbank is investing US$50 million in a Series F extension

Brazilian fintech company Creditas has announced a partnership with Andbank, from Andorra. Andbank is investing US$50 million in a Series F extension that Creditas had in January when it was valued at US$4.8 billion. art of the deal is that Creditas is buying Andbanks banking license in Brazil, valued at US$95m. The company also bought Kzas, a real estate marketplace, and invested in Voltz Motors, an electric motorcycle maker. This will be used to expand their operations in Brazil and diversify their sources of financing. Read More..

B2B Tech News | 3 years ago

Australia launches a $ 41 million app under contract with Accenture

The Australian government has scrapped an app meant to replace paperwork for incoming visitors to the country. Among other things, the app asked users

The Australian government has scrapped an app meant to replace paperwork for incoming visitors to the country. Among other things, the app asked users to provide their vaccination against COVID19.The requirement to do so when entering Australia has since been discontinued entirely. Nine percent of people associate the space industry with Star Wars, according to a report released by Inmarsat. Chinas enthusiasm for space tourism could be explained by opening its still under construction space station to private citizens. Chinese chipmaker Loongson has added support for MIPSlike architecture to its System Management BIOS SMBIOS Reference Specification. Read More..

B2B Tech News | 3 years ago

India needs to be ready for AIdriven growth. One country should not dominate this technology Rajnath Singh

Rajnath Singh says we must use artificial intelligence AI for human progress and peace. He spoke after the opening of the AIDEf Artificial Intelligenc

Rajnath Singh says we must use artificial intelligence AI for human progress and peace. He spoke after the opening of the AIDEf Artificial Intelligence for Defense event. Singh stressed the need to carefully consider the ethics and risks of artificial intelligence. During the event, 75 defense products powered by artificial intelligence were launched. Singh also said the state should ensure the democratic use of technology. Read More..

B2B Tech News | 3 years ago

SATH Seek Better Infrastructure Development for Enterprise Technology

Signal Alliance Technology Holding SATH said Nigeria lacks the key infrastructure necessary for enterprise technology to thrive. The Chairman, SATH, M

Signal Alliance Technology Holding SATH said Nigeria lacks the key infrastructure necessary for enterprise technology to thrive. The Chairman, SATH, Mr. Collins Onuegbu said the tech industry is fast evolving and urged tech companies to take advantage of the opportunities in the sector. The general managers of the various subsidiaries present recognized the importance of technology in all aspects of the economy. Read More..

B2B Tech News | 3 years ago

The German Nord Stream I gas pipeline has been closed for maintenance

According to reports, Germany is about to begin annual tenday maintenance for the country’s largest Russian gas pipeline. The Nord Stream 1 pipeline

According to reports, Germany is about to begin annual tenday maintenance for the country’s largest Russian gas pipeline. The Nord Stream 1 pipeline, destined to transport 55 billion cubic meters of gas across the bottom of the Baltic Sea annually from Russia to Germany, is scheduled for repairs from July 11 to 21. A possible continuation of the planned renovation of the gas pipeline could lead to further disruptions in the supply of gas to Europe and an extension in gas prices. Canada has announced its decision to give Russian state gas company Gazprom a timelimited and revocable license to return the equipment. Read More..

B2B Tech News | 3 years ago

Damen will release its mobile wallet application in collaboration with BKN301

Damen ePayment has chosen BKN301, a fintech company that develops payment services and BankingasaService functionalities, as its exclusive Egyptian pa

Damen ePayment has chosen BKN301, a fintech company that develops payment services and BankingasaService functionalities, as its exclusive Egyptian partner. The agreement will allow Damen to provide new features & solutions to its customers and facilitate transactions with key Egyptian trading partners in the GCC countries. 23% of people are utilizing digital platforms to send and receive their digital payments, due to the insufficient number of POS available to merchants and low uptake of payments by cards. Damens customers will be able to send money internationally from more than 100 countries using over 50 currencies while having extreme visibility over fees, processing times, and transaction monitoring. In partnership with Cashflow, a Cairobased fintech company & Switchover, an accelerator, BKN301 aims to spread its digital banking solutions throughout the MENA region. Tamer ElHussainy, CEO of Damen Company for Electronic Payments, expressed his gratitude for this partnership which Read More..

B2B Tech News | 3 years ago

Poor infrastructure is affecting our money transfer business

NIPOST is the designated postal operator for Nigeria. Sixty percent of our revenue comes from the export of items, particularly mails, parcels, and c

NIPOST is the designated postal operator for Nigeria. Sixty percent of our revenue comes from the export of items, particularly mails, parcels, and cargoes. During the pandemic, all of these stopped. The fallout of it is still living with us today. We have to keep working on it and do the necessary things to catch up. With increasing competition in the logistics industry in Nigeria, some people claim that NIPOST might become obsolete in a few years. For each registered operator that we have licensed, we have sent the list of company names, locations, and administrators to the NDLEA. So if you are driving your motorbike down the street and you are approached they have the current list, and if your name is not on the register the vehicle will be impounded. Read More..

B2B Tech News | 3 years ago

Government and court orders to block content on Twitter increased by 48,000%

An examination of Twitters global transparency reports reveals that between 2014 and 2020, the number of legal requests from India—from various cour

An examination of Twitters global transparency reports reveals that between 2014 and 2020, the number of legal requests from India—from various courts and the government—to remove content from Twitter increased by more than 48,000. In addition, data shared with Parliament revealed that during the same time frame, the number of content blocking orders issued by the government to social media companies increased by almost 2000%, highlighting the expanding trend of online censorship in India. 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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3. Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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