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Today’s news is from Alerzo , a little-known B2B e-commerce retail startup based in Ibadan, Nigeria. Adewale Opaleye founded Alerzo in 2018 as a last-mile distribution platform that helps retailers stock inventory directly from manufacturers. In fact, it might be the second-best thing after fintech at the moment.
As a last-mile distribution e-commerce company, JABU joins a list of startups across the continent that help small retailers order and stock their products and, at the same time, provide data-driven services to suppliers and manufacturers. Then, he stumbled on the country’s B2B e-commerce retail opportunity. “We
Changing consumer behavior and expectations, competition from major e-retailers, evolving cybersecurity challenges, inflationary pressures, sustainability and environmental concerns, and the pressure to take advantage of AI are all very real concerns for retailers today.
Millions of small and medium businesses still operate inefficiently due to dependency on manual processes, which limits their capacity to grow and scale; this is despite contributing to about 48% of Nigeria’s GDP in the last five years, But the tide is turning. We’re not trying to solve things in fintech that have already been solved.
Allison Xu is an investor at Bain Capital Ventures, where she focuses on investments in the fintech and property tech sectors. In the wake of COVID-19 this spring, construction sites across the nation emptied out alongside neighboring restaurants, retail stores, offices and other commercial establishments. A construction tech boom.
The retail landscape has undergone massive shifts in recent years to adopt self-checkout systems. But major retailers like Walmart, Target, and Dollar General are starting to phase out self-check in some locations because they’ve contributed to higher rates of shoplifting and inventory loss. The benefits are potentially huge.
What really matters is determining how to fit every function together to achieve unified goals — chiefly IT and its business counterparts, given the importance technology has organizationwide. It allows businesses to be the best technologically enabled version of themselves,” Upchurch says.
Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. From varying sources, it is estimated up to $2 billion went into African tech startups in 2019. AfricArena, a tech ecosystem accelerator, pegged deals to close between $2.25
There is a paradox when it comes to retail investors: Many startup-related deals are out of their reach (in part for their own sake). And when we consider the period of hype surrounding their public debuts, it’s difficult to not wonder how many retail traders got burned. Want it in your inbox every Saturday? Sign up here.
The “native retail” startup announced today that it has raised $5 million in seed funding led by Accel. What a time to take a leap and start a company at the intersection of hospitality and physical retail, two industries that were getting decimated,” he said. Then it’s delivered to your home in a few days.
Retail Rocket , a retention management platform for brands, today announced that it raised $24 million in a Series A round led by Cyprus-based private equity fund Flintera. “The complexity of digital marketing tools is booming too — just several years ago we couldn’t imagine the technologies we use today.”
million seed round boosts Butlr Technologies ’ ability to apply its real-time people-sensing technology beyond commercial real estate and retail uses to monitor falls and other movements for active seniors who are aging in place. We can bring dignity back to the technology world, while also understanding users’ needs.
In Nigeria, POS terminals are used to process card payments at retail locations as well as for agency banking purposes, a branchless banking system where agents act like human ATMs. One of the biggest challenges to the mass adoption of card payments at retail locations is the rate of transaction failures due to poor internet connection.
While these factors are largely out of retailers’ control, we’re seeing a few emerging companies that have adapted by entrenching with existing customers and building their organic brand. The new retail challenge. The new retail challenge. retail sales in Q4 of 2021, down from 13.6% of total U.S. in the previous year.
With Grab’s announcement of its imminent Nasdaq listing and GoJek merging with Tokopedia to form tech giant GoTo , casual international observers could be forgiven for believing that Southeast Asia’s tech universe only comprises similar companies. Unsurprisingly, tech startup growth is booming as well.
Luca , a startup building price planning and prediction tools for retailers, today announced that it closed a $2.5 In ten months, we succeeded in plugging a massive hole in Uber’s profit and loss using pricing tech. ” Mann describes Luca as a “pricing co-pilot for enterprise retailers.” That got us thinking.”
Almost every team in their business needs access to analytics and other information that can be gleaned from their data warehouses, but only a few have technical backgrounds. It is also hard for non-technical users to adopt, a problem that Redbird was created to solve. Data engineers have a big problem.
Research from Gartner, for example, shows that approximately 30% of generative AI (GenAI) will not make it past the proof-of-concept phase by the end of 2025, due to factors including poor data quality, inadequate risk controls, and escalating costs. [1] AI in action The benefits of this approach are clear to see.
The company also offers duediligence and acquisition financing from Thrasio-owned Yardline Capital and a new service called Flippa Legal. Online retail, as a share of total retail sales , grew to 19.6% Our strategy is verification at the source, i.e. data,” Hutchison said. in 2020, up from 15.8%
Terraa , a Moroccan B2B tech-enabled food distribution platform, has raised $1.5 Retailers using Terraa will benefit from consistent prices and supplies of high-quality goods. “In Morocco is our priority at the moment, and we are building the playbook in terms of operations, building our tech and expanding in cities.
Earlier this month, blockchain-based lender Figure Technologies agreed to merge with mortgage firm Homebridge Financial Services, which has 180 retail branches and funded more than $25 billion in home loans in 2020.
They don’t continue beyond resume reviews and interviews to evaluate a candidate’s capabilities. Skills Tests : Assess various role-specific abilities, such as technical or communication skills. Technology Role in Talent Assessments Talent assessments have become more efficient and accessible with modern technology.
It may not be as glamorous as D2C, but beauty tech is big money. Reducing waste is key to meeting environmental milestones, and some retail firms have narrowed in on a unique approach to minimize what their customers throw away: personalization. Smart packaging with IoT and distributed ledger technology.
Amazon has become the pacemaker in commerce, and today a startup that’s been building technology to help retailers keep up with it in the world of physical stores is announcing some funding to expand its business. It will also be doubling down on expanding its technology.
It’s been a very tough year for Placer.ai ’s core customer segments of retail and commercial real estate, to put it mildly. But the foot traffic and location analytics startup saw growth in new categories, including consumer packaged goods (CPG) and hedge funds that use its tech to perform duediligence.
James Nash is CEO and founder of inbeta , a tech-enabled talent specialist using data, social listening and human science to help corporations overcome bias. Technology and data analysis can help you here, providing robust insights on the messages you’re sending. Technology and training in tandem can help with that.
So while the company, of course, wants to be robust for developers, Vo says it is even more focused on brands that lack technical resources or domain expertise. Aligning our technology roadmap with the Productfy platform enables both companies to succeed by making banking products more accessible and scalable for the entire ecosystem.”.
Following nearly four years in the prototype phase, Cana Technology is unveiling what it calls the “world’s first molecular beverage printer” after securing $30 million in funding from venture foundry The Production Board. The new funding is being heavily invested into the supply chain and continued technology development, Mahar said.
wants to help recruiters find technical talent by inferring skills from GitHub code, Paul reports. million of funding for its AI-powered customer video review tool , Kate reports. Today, wind power and wave action are just two technologies leading investors to take a closer look at ocean conservation technology, reports Tim De Chant.
99 Twitter problems, and Apple might have one : It’s no secret that Elon Musk thinks Apple’s 30% IAP (“inventor assistance program” to those of us not up on tech lingo) transaction charge to developers is “a lot.” OTI raises $55 million for technology to remove screen obstructions. Big Tech Inc. The TechCrunch Top 3.
Simultaneously, increases in compute power have made it easier to implement AI use cases at the retail edge. That’s a perfect opportunity for some long-awaited retail use cases to turn prime time. RFID has several other beneficial uses in clothing retail. RFID tags have been around for decades and now cost just pennies.
Curacel , the YC-backed startup that is developing insurance infrastructure for the African market, has launched a new interface that allows digital businesses like those in retail, fintech, e-commerce and logistics to add insurance to their core products. without the outsized market of South Africa.
Bob Ma is an investor at WIND Ventures , where he invests in energy, retail and mobility startups. Most major retailers are scrambling to catch up to Amazon by partnering with last-mile delivery startups. This results in inefficiencies due to a lack of technologies such as route optimization as well as a lack of operating scale.
In 2015, Rehmann teamed up with his longtime business partner Steve Moran to explore Lake Victoria and perform some feasibility studies on how they could use technology to disrupt the country’s cold chain markets. We run a tech-enabled platform and have scaled 2x faster than any other African fish company. “We billion fish deficit.
The technology for online shopping is not up to snuff — when you click on something, everything has to reload compared to an app like Instagram.”. More people shopping on their mobile devices creates friction due to downloading an app for each brand. 4 views on the future of retail and the shopping experience.
NTT DATA’s landmark Global GenAI Report underscores how the technology is gaining momentum. Furthermore, nearly two-thirds of C-suite respondents, specifically, expect GenAI to be a game changer over the next two years and plan to invest significantly in the technology. There is no going back.
Over the past two years, Asia’s retailers were forced to do virtual meetings instead of visiting in-person trade shows or conferences to source new brands and products due to the pandemic lockdowns.
Last month, the firm slashed its Q2 and yearly profit guidance and said people are spending less on items like electronics due to inflation. The retail giant employs over 1.6 While the company said it’s creating new roles in e-commerce and technology, it didn’t specify how many roles will be created.
Retail giant Walmart announced this morning it’s acquiring the Tel Aviv-based startup Zeekit , which allows consumers to virtually “try on” clothing when shopping online. The goal is to provide a similar experience to trying on clothing when shopping online as you would otherwise have had when in a retail store.
Last September, Egyptian startup Capiter raised $33 million in Series A funding to compete in the country’s growing B2B e-commerce and retail space. Another publication stated the founders had not been reporting to the board, its representatives and shareholders during on-site in-person duediligence for a potential merger. .
NTT DATAs landmark Global GenAI Report underscores how the technology is gaining momentum. Furthermore, nearly two-thirds of C-suite respondents, specifically, expect GenAI to be a game changer over the next two years and plan to invest significantly in the technology. There is no going back.
That process involves manual analysis and constant adjusting due to fraud. The share of e-commerce in overall retail is less than 10 percent in Latin America. “In the U.S., that score is used to determine if the purchaser is legit, but they didn’t implement that in Latin America,” he added.
“The outcome of the review may still be the same decision but necessary to review,” Gupta said, adding that DishTV is already re-evaluating its cloud strategy in a phased manner after the Crowdstrike incident. Organizations and CISOs must review their cloud strategies, and the automatic updating of patches should be discouraged.
As reported by Life Insurance International: “Level has created a tech-driven underwriting process for early-stage fintech startups that is claimed to have brought new efficiency and speed to the debt-raising process. He told me: “The question I have is who will capitalize on this bear market to scoop up valuable technology or talent.
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