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Why CIOs back API governance to avoid tech sprawl

CIO

But APIs do more than support next-generation technologies — they already serve a foundational purpose within most enterprises. As enablers for the integration of data and business services across platforms, APIs are very aligned with current tech trends,” says Antonio Vázquez, CIO of software company Bizagi.

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Founders of well-funded Egyptian B2B startup Capiter fired following fraud allegations

TechCrunch

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 due diligence for a potential merger. .

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Peeba raises $4.2M to digitize Asia’s B2B wholesale market  

TechCrunch

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. The startup has secured $4.2 million in seed funding led by Headline Ventures. The new round of funding brings its total raised to $5.8

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MaxAB, an Egyptian B2B e-commerce platform for food and grocery supplies, nabs $40M

TechCrunch

Last year, MaxAB , the food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, raised its $55 million Series A in two tranches ; the latter accompanied its acquisition of the Morocco-based and YC-backed WaysToCap. For MaxAB, that’s its sweet spot.

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7 investors reveal what’s hot in fintech in Q1 2023

TechCrunch

However, it appears that even though VCs are proceeding more cautiously than before and taking their time with due diligence, they are still investing. Spoiler alert: B2B payments and infrastructure remain on fire and most investors expect to see more flat and down rounds this year. How many will not manage the task in 2023?

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Fashinza, a B2B supply chain marketplace for fashion brands, raises $100M

TechCrunch

. “Even though brands were marking up their retail price at 75% to 80% margins, they were still making only around 8% to 10% profits and losing money due to high inventory wastage or going out of stock. They] struggled with … opacity due to multiple middlemen and their manufacturers being thousands of miles away.”

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Bosch picks up Five.ai after the self-driving startup pivoted to B2B and then put itself up for sale

TechCrunch

Today, Bosch announced that it would be acquiring Five.ai , the autonomous driving startup that started with big ambitions to build and operate its own fleet of robotaxis but ultimately pivoted to focusing on technology development as a B2B play. Scale matters in building automated driving technology.

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