Rology, an on-demand teleradiology platform based in Egypt, has closed a pre-Series A round of funding to help it expand across the Middle East and Africa. Rology, founded in October 2017 by Amr AboDraiaa, Moaaz Hossam, Mahmoud Eldefrawy, and Bassam Khallaf, has built a cloud-based platform that provides intelligent matchmaking between patients and remote radiologists,…
Transfy, a Nigerian fintech startup, has seen strong early adoption of its payment infrastructure, processing $15 million in its first year, and is planning continental expansion. Transfy, based in Lagos, will launch a blockchain-powered financial services platform in April 2021, making it simple for individuals and businesses across Africa to send and receive money seamlessly,…
Kudi, an African payment network, has rebranded as Nomba. This was announced in a press release as part of the company’s transition from a single payment platform to an omnichannel payment platform. Payment collections, trade finance, company reporting, and multiple location administration are among the new business capabilities produced by the new omni-channel payment platform,…
Algebra Ventures, an Egyptian venture capital firm, has received a US$15 million commitment from the International Finance Cooperation (IFC), a member of the World Bank Group, for its US$90 million second fund. Algebra Ventures invested in startups such as Trella, elmenus, GoodsMart, and Halan with its first US$54 million fund, and Disrupt Africa reported last…
TeamApt, a Nigerian fintech startup, is relaunching its Moniepoint product as a business bank in order to provide a broader range of services to its customers. TeamApt was founded in 2015 to address inefficiencies in Nigeria’s growing digital financial services market, and it offers a variety of products. The startup’s customers include all of the…
Venture capital plays a “catalytic role” in innovation and fills a critical gap in the global financial and business landscape, but VCs must strike the right balance between assisting their portfolio companies and simply interfering once an investment has been made. According to VCs at Quona Capital, a venture firm focused on fintech in emerging…
OXFORD, U.K. – April 14, 2022 – Sophos, a global leader in next-generation cybersecurity, todayunveiled advancements to Sophos Cloud Workload Protection, including new Linux host and container security capabilities. These enhancements accelerate the detection and response of in-progress attacks and security incidents within Linux operating systems, improve security operations and bolster application performance. According to new…
Founded in January 2020 by Dady Maël and Kader Saka, PAL creates its own payment infrastructure for cash-in and cash-out to mobile wallets, without the need for a third-party technology component integration. It offers this service as an open API with a web interface that can be used for inbound remittance, payment, loans, and many financial…
The last e-Track Programme concluded earlier this month with seven of the graduating startups pitching their businesses to an audience at a hybrid event hosted on the GSB campus, which was run by UCT GSB Solution Space – a specialized centre of the University of Cape Town Graduate School of Business focused on high-impact early…
Elloe is a first-of-its-kind AI-powered conversational commerce platform that allows SMEs to buy and sell products online across any messaging platform. It was founded by Owen Sakawa. Mad Ventures, located in the Philippines, led the US$1 million pre-seed fundraising round, which would help Elloe expand across Kenya and other emerging economies. “The opportunity to engage…
Customer satisfaction should be a business aim as it is vital to success for all brands. Customer satisfaction can be improved through user experience, which can have a favorable impact on your company’s return on investment (ROI). A happy customer is a satisfied customer. Customers that are dissatisfied with your service are less likely to return. From research,…
The most well-known use of blockchain is to facilitate the emergence of digital currency. But did you realize that this technology has a plethora of other uses? Many large organizations and government bodies use it to improve their current business processes. That isn’t to say that only established businesses can benefit from blockchain technology. It…
WhatsApp has finally caught up to the competition and increased the file limit. Large files of up to 2GB can now be shared. WhatsApp also intends to expand the range of emoji message reactions from Thanks to Sad, Surprised, Like, Laugh, and Love to cover all emojis and skin tones. WhatsApp groups are also getting…
According to filings filed with the SEC, Elon Musk, who recently purchased a 9.2 percent stake in Twitter, has made an offer to buy the firm altogether for $54.20 per share in cash in a hostile takeover worth around $43 billion. Musk stated in the filing that if his offer is rejected, he will most…
At Huawei’s ICT Competition Awards Ceremony on April 9, 2022, the company announced the commencement of its LEAP digital skills development program. According to the Chinese tech conglomerate, the LEAP program seeks to help over 100,000 people in Sub-Saharan Africa improve their ICT abilities in three years. LEAP (Leadership, Employability, Advancement, and Possibilities) is a…
Gaviti, an automated service that helps businesses collect and manage customer bills, has closed a $9 million Series A fundraising round headed by Flashpoint in the United Kingdom, with participation from Moneta VC, North First Ventures, TAU Ventures, and LETA Capital. Their platform allows organizations to manage their collections process through a user-friendly application, giving…
Pylon, an Egyptian infrastructure management business for emerging market water and energy utilities, has raised a $19 million seed round to advance water and electricity software. Endure Capital of the United States led the round, which was a mix of debt and equity, and was backed by British International Investment (previously CDC Group), the UK…
The Central Bank of Nigeria granted MTN the permission to operate Mobile Money (MoMo). Since its inception in 2019, MTN Nigeria’s Mobile Money (MoMo) service has attracted over 9 million subscribers. According to TechCabal, the license means MTN Nigeria would be able to provide practically all the services provided by traditional commercial banks, except for…
Truck hijackings in South Africa continue to affect the country’s economy. These crimes have been on the rise for some years now, with Police Minister Bheki Cele reporting one of the most considerable increases (31.7%) in truck hijackings just over a year ago. Arrive Alive outlines several factors to help reduce the risk of hijackings, including the importance…
The Alexandria Angels Network, along with members of MED Angels and AUC Angels, Cubit Ventures, Challenge Fund, EdVentures, Falak Startups, and Cairo Angels, led a $1.2 million Series A fundraising round for Egypt-based edtech Sprints. “The organization has successfully given 20,000 learning sessions in the last two years.” Sprints’ co-founder and CEO, Ayman Bazraa, stated,…
The EatSafe Innovation Challenge, organized by Feed the Future in collaboration with the SUN Business Network (SBN) and the Innovative Food System Portal, is searching for businesses, students, researchers, and other innovators in Nigeria and Ethiopia who are concerned about food safety. The EatSafe Innovation Challenge invites innovators to offer their thoughts on how existing…
Nigeria’s first marketing and media hackathon, dubbed MarkHack 1.0, has been established by Eko Innovation Centre, a growth and development hub for startups and entrepreneurs in Nigeria. The luncheon, which took place at D’Podium Event Centre in Lagos, was attended by innovators, entrepreneurs, policymakers, marketers, and media professionals, as well as many more from across…
In response to teacher and administrative requests, Zoom has introduced additional functionality for its Education users. Virtual Background and Blur for Chromebooks, Anywhere Polls, and Breakout Room upgrades are among the new Zoom chat and meeting capabilities. According to the firm, the new features are aimed to encourage students to complete homework projects and are…
V8 Capital Partners has given ShapShap, a Nigerian on-demand delivery firm, a seed extension investment to help it expand its capabilities and penetrate new markets. The fresh funds will be used to improve the startup’s last-mile delivery capabilities for businesses and individuals in Nigeria, with ambitions to expand to other African countries in the near…
Elon Musk, Twitter’s largest shareholder, has decided not to join the company’s board of directors, according to CEO Parag Agrawal. Musk, who calls himself a free-speech absolutist and has been critical of Twitter, disclosed a 9.1% interest in the social media network on April 4 and said he intends to make big improvements. His appointment…
ImaliPay, a $3 million seed fundraising round has been finalized for a Pan-African fintech start-up that focuses on boosting the gig economy through its one-stop-shop financial services platform. ImaliPay was founded in late 2020 in Nigeria after Tatenda Furusa (Co-founder) noticed problems with e-ride hailing drivers’ access to working capital and emergency savings in Nairobi. Upon…
Didi Chixung, the Chinese ride-hailing behemoth, has announced the closure of its operations in South Africa (SA), a year after it first opened its doors on the continent. A Didi representative in South Africa confirmed the closure to TechCrunch but did not elaborate on the reasons for the shutdown. “We have made the tough choice…
Lemonade Finance, founded in 2020 by Ridwan Olalere and Rian Cochran and a participant in Y Combinator’s W21 batch last year, allows Africans living abroad to send and receive money from their home nations in a cost-effective, timely, and efficient manner. Its software lets users keep their balances in the currencies that are important to…
Emoji, the most popular way to express ourselves on social media, has made its way to Google Workspace, allowing users to react to any content on Google Docs by simply using a symbol rather than writing a comment or remark on it. Google announced in a Google Workspace update that the feature now supports all…
Phew! The battle is over. Google’s Play Protect program will now automatically remove unused permissions from Android applications that you haven’t used in a while, according to a new update accompanied by an email. To get the full experience, you had to go into each app’s permissions and turn off the camera, microphone, storage, contacts,…