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Kenyan B2B ecommerce platform Marketforce is cutting around 9% of its staff as part of a restructuring strategy

A Kenyan B2B retail and endtoend distribution platform has laid off some of its workforce. The layoffs are part of a restructuring strategy in one of

A Kenyan B2B retail and endtoend distribution platform has laid off some of its workforce. The layoffs are part of a restructuring strategy in one of Kenyas five markets. CEO Tesh Mbaabu confirmed the news on a call with TechCrunch, adding that the company let go of 54 people. Marketforce had more than 600 employees before the event so about 9% of its overall workforce was affected. CEO Julius Mbaabu said some roles will be made redundant and new ones will emerge, but the rest of the markets will not be affected. RejaReja is an assetlight merchant super app and marketplace that informal traders can use to source goods directly from manufacturers and distributors and make an order digitally. Read More..

B2B Tech News | 3 years ago          

European shares were mixed after Asian markets fell on a technical decline

European share markets were mixed on Tuesday after gains in most Asian markets despite weakness in technology shares, including Japans SoftBank. Fight

European share markets were mixed on Tuesday after gains in most Asian markets despite weakness in technology shares, including Japans SoftBank. Fighting in Ukraine and attacks on Europes biggest nuclear plant are other factors hanging over markets. Analysts monitoring Asian markets said regional tensions remain a risk because of the flareup between China and Taiwan. Any major developments on the China/Taiwan front could impact overall risk demand. China confirmed it would extend military drills around Taiwan, and the military will conduct regular exercises on the eastern side of the Taiwan Strait. Also of concern are the rising cases of COVID19 in China, Japan, and some other Asian nations, and their potential impact on supply chains. Read More..

B2B Tech News | 3 years ago          

NG.CASH raises $10 million to empower financially independent youth in Brazil

Brazilian fintech firm NG.CASH has announced that it has raised a $10 million seed round led by Andreessen Horowitz a16z and Monashes. Other participa

Brazilian fintech firm NG.CASH has announced that it has raised a $10 million seed round led by Andreessen Horowitz a16z and Monashes. Other participants in the round include 17Sigma and Ualá, Rappi, Mobile, and Brex. The founders entered. Fintech offers a digital wallet app for instant payments, mobile topups, money transfers, and discount shopping. A prepaid card works like a credit card for online purchases. Today, the startups sources of income are card interchange fees, and ticket and product fees. It already has 900,000 users, and its target audience is Brazilians between the ages of 10 and 24. The startups CEO, Mario Augusto Sá, launched Neagle, a popular YouTube channel among young Brazilians, Ten years ago. Therefore, NG.CASHs customer acquisition costs are low because Sá can already reach a large number of young people. According to Sá, this audience is asking for an NFT product and NG.CASH plans to market this product as a longterm stablecoin. This is because many young Read More..

B2B Tech News | 3 years ago          

Global stocks were mostly higher after Wall Street hit a threemonth high

U.S. consumer inflation cooled to 8.5% in July from a year earlier. That was down from Junes fourdecade high of 9.1%. Germanys DAX edged 0.2% lower, t

U.S. consumer inflation cooled to 8.5% in July from a year earlier. That was down from Junes fourdecade high of 9.1%. Germanys DAX edged 0.2% lower, to 13,674.98, while in Paris the CAC 40 added 0.1% to 6,531.38. The S&P 500 and Dow Jones closed at threemonth highs on Wednesday. The national average for a gallon of gas fell to $3.99 on Thursday, down from $4.01 a month ago. The inflation data encouraged traders to scale back bets on how much the Fed will raise interest rates at its next meeting. Wall Street is watching to see if the Fed can succeed in hitting the brakes on the economy and cooling inflation without veering into a recession. Read More..

B2B Tech News | 3 years ago          

Atome banks $100m HSBC debt facility

Fintech firm Atome Financial has secured a $100 million loan from HSBC Singapore to support the companys efforts to expand and strengthen its presence

Fintech firm Atome Financial has secured a $100 million loan from HSBC Singapore to support the companys efforts to expand and strengthen its presence in Asia. Founded in 2017, Atome Financial is an umbrella company comprising two brands Atome and Indonesia Kredit Pintar. Atom is a buy now, pay later platform that works with over 15,000 retail partners in 10 Asian markets, including retail giants such as Zara, Shein, Zalora and Nike. Atom Financial also received $45 million from its parent company in July. BNPLs market is currently struggling globally and will lose $5.2 billion in Asia Pacific by 2025. Read More..

B2B Tech News | 3 years ago          

Reddit introduces a new cryptocurrency payment method with Community Points

The Reddit Community Score is a measure of your reputation within the community of users. The platform works with the popular FTX cryptocurrency excha

The Reddit Community Score is a measure of your reputation within the community of users. The platform works with the popular FTX cryptocurrency exchange to unlock new benefits of working with cryptocurrencies. Community Points allow you to create special memberships in your community that can be purchased by users who have points.Users will also be able to embed GIFs, add animated Emojis, and run weighted polls.The more points someone earns, the more weight their vote carries, according to the company behind the project, FTX. Community Points can also be sent to any Redditor with a crypto Vault, or Reddit user with a Reddit address. Read More..

B2B Tech News | 3 years ago          

In Italy, DAZN signs agreements with Google and Samsung

Sports video streaming app DAZN announced that it has signed separate deals with Google and Samsung to allow new customers to receive bundled video se

Sports video streaming app DAZN announced that it has signed separate deals with Google and Samsung to allow new customers to receive bundled video services with certain devices in Italy. The deal came after Telecom Italia TIM gave up the exclusive right to host DAZN on video content platform TimVision and negotiated an expensive partnership with a sports video streaming app. Last year, the Italian group DAZN acquired the rights to the Serie A football league, mostly exclusively. Read More..

B2B Tech News | 3 years ago          

Surface mount technology SMT equipment market 20282022

Surface Mount Technology is a method of manufacturing electronic circuits in which components are mounted or placed directly on the surface of a print

Surface Mount Technology is a method of manufacturing electronic circuits in which components are mounted or placed directly on the surface of a printed circuit board. An electronic device made in this way is called a Surface Mount Device . The global surface mount SMT equipment market was valued at USD 6,597.95 million in 2021 and is expected to reach USD 9,219.80 million in 2028, exhibiting a CAGR of 4.90% during the forecast period. Read More..

B2B Tech News | 3 years ago          



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