News & Events

Singapore’s Subx Finance Lab listed an initial exchange offering and was over-subscribed – filling their hard cap of $1.2 million in a few minutes. The firm is a blockchain service provider for businesses that integrates web3 technologies into their products and services. The firm also provides businesses with tools to innovate with blockchain, metaverse and decentralised finance (DeFi) technology.

Read the original article here: https://www.globenewswire.com/news-release/2021/12/06/2346167/0/en/Singapore-blockchain-startup-raised-USD-1-2-million-in-under-3-minutes.html

Nigerian tech startup TeamApt is about to raise its third round of funding at a value of more than $1-billion. The funding will result in the Lagos-based banking services software firm joining a spate of African fintech startups and becoming so-called unicorns. The founder and CEO Tosin Eniolorunda stated that the raised money will be used for the expansion to Egypt, Ghana and Cameroon.

Read the original article here: https://techcentral.co.za/nigerian-tech-start-up-teamapt-targeting-1-billion-valuation/204834/

India to supply 192 MW power to Bangladesh as per the renewed agreement. It is a 20% increase from the earlier 160 MW it supplied. The two commonwealth countries inked an agreement on January 11, 2010, for power trading at a mutually agreed price which expired on March 16, 2021. It was renewed on March 17, 2021, with modified terms and conditions.

Read the original article here: https://www.businesstoday.in/latest/economy/story/india-to-supply-additional-20-power-to-bangladesh-314477-2021-12-05