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$540bn remittance flow reaches low-middle-income countries in 2020- World Bank

The World Bank report says Nigeria alone accounted for over 40 per cent of remittance flows to the Sub-saharan region.

$540bn remittance flow reaches low-and-middle-income countries in 2020- WB

By Folasade Akpan Abuja, May 12, 2021 A World Bank report says officially recorded remittance flows to low- and middle-income countries reached 540 billion dollars in 2020, 1.6 per cent below the 2019 total of 548 billion dollars. The report which is titled ‘Migration and Development Brief’ released in Washington

Deals of the week February 15 to February 19 - Growth Business roundup

EQT Ventures checks out Standard Cognition EQT Ventures, the UK-based venture capital fund, has participated in a $150m (£107m) Series C funding round for Standard Cognition, a San Francisco-based autonomous checkout scaleup. Softbank Vision Fund 2 led the round. Oxx pulls along £15m Series B into Peak Peak, an artificial intelligence developer, has raised a $21m (£15m) Series B funding round led by SaaS venture capital fund Oxx, with participation from existing investors MMC Ventures and Praetura Ventures, and new investor Arete. This brings Peak’s total funding raised to date to $43 million. Peak’s AI aims to bring technology within the grasp of smaller businesses previously only accessible to enterprise-level businesses, such as tech giants Google, Amazon and Netflix.

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