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As Market Sees Downtrend, Crypto Exchanges Pull back on Hiring

Cryptocurrencies have been on a freefall since January this year (2022), and their effects are showing in the plans of the industry to hire staff. The slump in the market could be gauged by the fact that the highest transacted Bitcoin was trading at $30,058 on

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Drone-based Package Deliveries are an Inevitable Future for e-commerce Companies

The future is here, and the eCommerce and logistics industries are going through a revolution, thanks to unmanned aerial systems (UAS) or drones. Drones can boost the eCommerce industry by delivering parcels, goods packages, medicines, groceries, and various other products; and solving issues around last-mile connectivity

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  • Market Updates
  • May 27, 2022
    South African Companies Opt for IT leasing to Keep Capex Spending Low and Increase Bottom Lines

    With Covid and the necessity of work from home for employees, most companies in South Africa, which is a $435 billion economy, have realized that IT solutions that were a mere backend requirement have become a dire need now. A research paper published by McKinsey in

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    Saudi’s Debut Financial Technology Center launched to Boost the Fintech Industry

    Fintech Saudi opened a first-of-its-kind Financial Technology Center in Riyadh last month to stimulate growth in the fintech sector in the Kingdom. As a result, the Kingdom’s fintech market is expected to reach a transaction value of over $33 billion by 2026. According to a study,

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    With a Robust Ecosystem & Vibrant Startups, Nigeria finds Favor with Y Combinator

    Nigeria has been one of the most favored countries in Africa by Y Combinator. The country has sported one of the most-respected early-stage investors, as 18 startups from the government got funding. As a result, Nigeria was on top of the African countries where YC invested

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    SaaS Products May See Lesser Growth in The Short Term

    SaaS or software-as-a-service sector is worth over $170 billion as of 2022. The industry has grown by around 500% in the last seven years and is thought to be one of the most successful tech businesses over the last few years. But there could be dark

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    Reduced VC Activity in Latin America in Q1 Was Only a Breather, The Region is still Attractive Over the Long term

    Latin America was the talk of the VC funding market last year. The region attracted a whopping $19.5 billion in 2021, which was three times the money that flowed into this developing market the previous year. What spurred the increased use of digital options for payments,

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    While Demand Exists, The lack of Protocols Makes Web3 too Complicated for Widespread Use

    Web 3 and Metaverse have been the buzzwords for the last year or so. Though many companies are embracing Metaverse, there doesn’t seem to be many takers for Web3, which is touted as the next big thing on the internet. Web 3, also known as Web

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    Trillion Dollar Companies Come off Their Valuation Highs, But Future is still Bright

    Some of the most significant tech stocks have fallen over the last couple of months after announced quarter results. The Nasdaq has come off its November peak, with stock prices of some of the biggest companies, including Tesla and Apple, suffering losses in double digits. Let’s

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