Technology
Fintech Startups

Kredete’s Game-Changing $2.25M Investment: Helping African Immigrants Build Credit and Manage Transfers.

Kredete, a groundbreaking financial software platform, has just secured $2.25 million in seed funding to bridge a major gap in financial services for African immigrants. This funding round, led by BFF and supported by investors like Techstars and the Tezos Foundation, underscores Kredete’s commitment to transforming how African immigrants manage their finances. Empowering Financial Futures […]

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Technology

The Odyssey to a Healthier Africa: AI’s Role in Transforming Healthcare

If 2023 should ever be reduced to a single buzzword, it’ll be just two letters; AI. Yet,  ask any tech expert and they’ll reassure you AI wasn’t invented last November when ChatGPT burst on the scene, and seamlessly took over the entire internet. For decades before that, we’ve been interacting with AI in social media […]

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Startups

Ventures Platform names Damilola Teidi as Head of Platforms and Networks

Damilola Teidi has been appointed as the first-ever Head of Platform and Networks for African venture capital firm, Ventures Platform. Teidi, who before joining Ventures Platform was Director of Startup Support at Co-creation Hub, will now oversee the venture firm’s efforts to support its portfolio companies. She will lead a team focused on building and […]

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Technology

Zuckerberg relaxes Metaverse talk, says WhatsApp and FB Messenger to be next sales drivers

Meta’s CEO Mark Zuckerberg seems to be relaxing his claim about the metaverse as he has favoured WhatsApp and Facebook’s messenger to become the company’s next pair of sales growth for the company over the highly ambitious metaverse project. Zuckerberg, who was speaking at a company-wide meeting, said the pair of social apps were more […]

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Business News Technology

Spotify cancels 11 podcasts, trims down 5% of podcast workforce

Spotify is scrubbing off 11 of its original podcasts from its podcast streaming platform, to enable it focus on more popular hit podcasts. The canceled podcasts will be products of Parcast and Gimlet, podcast studios which were acquired by Spotify in 2019. The move will also see Spotify cut down the size of its podcast […]

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Technology

Former Uber head of security found guilty of concealing data breach

Uber’s former Chief Security Officer (CSO) Joseph Sullivan has been convicted by a federal jury of covering up a data breach that affected the company in 2016 and saw millions of customer and driver records stolen. Sullivan was charged by the U.S. Federal Trade Commission (FTC) for interfering in investigations being conducted by the commission […]

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Economy

MTN has announced that it is building private 5G networks for big companies in the mining and port industries.

South Africa’s second-largest mobile network operator MTN has announced that it is building private 5G networks for big companies in the mining and port industries. The networks will offer dedicated capacity and guaranteed coverage as the network ramps up its superfast 5G network rollout. According to MTN SA CEO Charles Molapisi, the network has already signed 14 companies […]

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Business Economy Finance

Yellow Card gets $40 million dollars Series B funding

Pan-African cryptocurrency exchange Yellow Card has announced the close of its $40M Series B funding led by Polychain Capital. Other investors participating in the round include Valar Ventures, Third Prime, Sozo Ventures, Castle Island Ventures, Fabric Ventures, DG Daiwa Ventures, The Raba Partnership, and others. According to a statement, the company will use the funding to drive business […]

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Technology

How Wave is surfing the economic slump

Wave, a leading mobile money service, gained a household name in francophone West Africa four years ago for two reasons: shattering monopoly and reducing the mobile money pricing structure by 80 percent in Senegal. Following its $200 million fundraising last year, it became the first unicorn from the Francophone Africa region, gaining prominence in the […]

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Business

Top 5 Women breaking ground in Fintech

The international women’s day for the year 2022 was introduced with the theme “Breaking the bias” and it is safe to say that nothing has sounded better. Women have intentionally changed the narrative of solely male leadership and have consistently upped their game in delivering not just value, but an amazing display of skill, wit […]

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