Technology
Social Media Technology

Amnesty International urges Meta to pay compensation for aiding the Rohingya genocid

Social media giant Meta is being asked by Amnesty International to pay reparations for its role in the 2017 Rohingya violence which saw thousands of Rohingyas tortured, raped and killed. A report by Amnesty International alleges that Meta – the parent company of social media platform Facebook- played a direct role in aggravating the violence […]

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Business Technology

Apple to shift iPhone, iPad production to India and Vietnam

Apple is slowly lowering its reliance on China as it begins to move some of the production of its devices to India and Vietnam. The Cupertino based Tech giant is betting on both nations to become global production hubs, according to analysts at JP Morgan. In a report sent by analysts at the bank, Apple […]

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Technology

EU Court upholds record fine against Google

A European Union court has upheld a previous verdict against Google, forcing the Tech giant to pay a record fine of $41 billion dollars over its Android mobile service practices. The court in a statement said it confirmed that Google imposed unlawful restrictions on manufacturers of Android mobile devices in order to benefit its search […]

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Finance Technology

E-payments in Nigeria hit monthly all-time high of N33.2 trillion in August 2022

Data from the Nigeria Inter-Bank Settlement Systems (NIBSS) has shown that in August alone, Nigerians made around N33.2 trillion in electronic transactions using the NIBSS Instant Payment platform (NIP). The figure marked an all-time high for the platform since its launch in 2011, and brought the total value of electronic transactions in the last 8 […]

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Finance Startups Technology Venture Capital

Nigerian B2B fintech, Duplo, raises $4.3 million in seed round

Duplo, a Nigerian B2B payments startup, has raised $4.3 million in seed funding. This comes only seven months after the company announced a $1.3 million pre-seed investment, bringing its total funds raised to $5.6 million. According to the company, the funds will be used to launch new products and expand into new business areas in […]

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Finance Technology

Eyowo Launches Better Card, a Digital First Mastercard

This week, Eyowo unveiled its Digital First payment offering, The Better Card, which is Mastercard-certified. As one of the first partners in Nigeria to join Mastercard’s Digital First Card Program, Eyowo provides its customers with a best-in-class digital banking experience. This includes digital access to card information, unparalleled payment security, and access to a wide […]

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Startups Technology Venture Capital

Pezesha, a Kenyan Fintech, raises $11M with backing from Women’s World Banking, and others

Following an $11 million pre-Series A equity-debt round led by Women’s World Banking Capital Partners II and with participation from Verdant Frontiers Fintech Fund, cFund, and Cardano blockchain builder Input Output Global, Kenya’s embedded finance fintech Pezesha expands into Nigeria, Rwanda, and Francophone Africa (IOG). Talanton and Verdant Capital Specialist Funds also contributed $5 million […]

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Startups Technology

Risevest CEO and co-founder steps aside indefinitely following allegations of misconduct

Following allegations of sexual and non-sexual misconduct, an investor investigation panel has advised Risevest co-founder Eke Urum to step down as CEO. According to Techpoint Africa, this was confirmed in an official statement dated August 19, 2022, and also revealed that Tony Odiba, the startup’s Head of Operations, will serve as interim CEO.A three-person panel […]

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Startups Technology Venture Capital

Nigerian fintech startup, Grey, raises $2 million in seed funding

Grey, a Nigerian fintech startup, has raised $2 million in seed funding to expand into new African markets. According to the one-year-old company, the funding will also allow it to expand its product suite to include remittances and person-to-person and business-to-business payments, allowing every African to enjoy seamless cross-border payments with low fees. Y Combinator, […]

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Startups Technology Venture Capital

Nigerian Banking-as-a-Service startup, Anchor, raises $1 million in pre-seed funding

Anchor, a Nigerian Banking-as-a-Service fintech startup, has raised $1 million in pre-seed funding. The Y Combinator-backed startup will use this investment to attract the best talent, improve the company’s tech infrastructure, invest in compliance and regulatory infrastructure, and acquire customers. Byld Ventures, Y Combinator, Luno Expeditions, Niche Capital, Mountain Peak Capital, and angel investors such […]

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