Liquid Intelligent

Liquid Intelligent buys Telrad to expand its digital solutions offering

ByTechTrends

Liquid Intelligent Technologies, a pan-African technology company, stated on Monday that it has signed a definitive agreement to buy Telrad, an Israeli technology firm. Networking, cybersecurity, cloud infrastructure, data centers, information technology, geoinformatics, and education are among the company’s cutting-edge technology solutions. “Telrad’s advanced patented technology in areas such as cyber security, data centers, and…

Elev8
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Elev8 joins AWS Training Partner Program to revolutionize Africa’s cloud technology sector

ByTechTrends

Elev8 education, a global leader in digital skilling and transformative education, has joined the Amazon Web Services (AWS) Training Partner program. Elev8 will deliver cloud computing skills training developed and maintained by AWS to enterprises and learners in Nigeria and Rwanda as part of this program. Many businesses have advanced their digital transformation plans this…

Liquid Home
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ZOL, Zimbabwe’s Internet Service Provider Evolves to Liquid Home Zimbabwe

ByTechTrends

Liquid Home Zimbabwe is the new brand identity of ZOL, Zimbabwe’s premier Internet Service Provider. This redesign symbolizes the natural growth of the well-loved house brand and its much-awaited integration with the parent brand – Liquid Intelligent Technologies , a subsidiary of Cassava Technologies. As part of the rebrand, Liquid Home Zimbabwe will ensure that…

VeelPay
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VeelPay aspires to be Africa’s PayPal, offering low-cost international money transfers and payments to nearly everyone.

ByTechTrends

VeelPay, a new fintech platform, is expected to launch soon to enable rapid money transfers from anywhere to anywhere in the world using cutting-edge encryption technology. The platform, which has been in stealth mode for some time, aims to allow users to send and receive money, store funds, pay bills via credit card or M-Pesa,…

Fintech

Kenya has the fastest growing Fintech sector in Africa.

ByTechTrends

The Financial Times (FT) has published its first annual ranking of Africa’s fastest-growing companies. In the twenty-first century global economy, the list covers companies that are forward-thinking, cutting-edge, and fast expanding. According to the report, South Africa has the most companies in the ranking, with 24, followed by Nigeria (20) and Kenya (14). (9). These…

Khazna

The Central Bank Finally Approves Egypt’s Khazna to launch the Khazna Card

ByTechTrends

Khazna, an Egyptian financial super app that provides underprivileged people and microbusinesses with simple, technology-driven financial services, has announced that it has received final clearance from the Central Bank of Egypt (CBE) to launch its Khazna Card in conjunction with ADIB Egypt. Khazna was launched in 2020 as an earned wage access product, but it…

Eden Life

Nigerian home concierge startup Eden Life opens office in Kenya, acquires Lynk

ByTechTrends

Lynk, a Nigerian home concierge services scheduling platform, has expanded to Kenya, with its entry aided by its acquisition of Lynk, a software business that connects unemployed people to job possibilities. Eden Life, a subscription service that delivers high-quality chef-cooked meals, laundry services, and home cleaning, was launched in Nigeria in 2019 with the goal…

mpharma

mPharma vows to Keep Providing Affordable Healthcare In Africa

ByTechTrends

The commitment of mPharma, a prominent African healthcare technology business, to offering affordable healthcare solutions in Africa has been reiterated. Mr. Gregory Rockson, mPharma’s CEO and Co-Founder, revealed this during the virtual introduction of the company’s impact report on Thursday, April 28, 2022. Mr. Rockson stated at the event that mPharma’s contribution to tackling the…

Cellulant

Cellulant Partners Collaborates With NALA to Facilitate Low-Cost Cross-Border Payments into Africa

ByTechTrends

NALA, a Tanzanian Fintech firm, has partnered with Cellulant, an African Payments Company, to facilitate remittance payments into Kenya, Uganda, Rwanda, Tanzania, and Ghana from the United Kingdom and the United States. Remittances are the second-largest source of foreign resources for Sub-Saharan Africa, after Official Direct Assistance. In 2019, Africa received around $48 billion in…

Reddit

Reddit Releases $1 Million Community Fund to Support its Creators and Projects

ByTechTrends

With the introduction of a community fund, Reddit is giving new life to the dreams of several projects and creators. Reddit announced on Monday that it is launching a new initiative called Community Funds, with an initial investment of $1 million to support a variety of projects. The new fund is the result of six…

Opibus

Kenyan electric vehicle company Opibus evolves to ROAM

ByTechTrends

The Kenyan electric vehicle company Opibus has rebranded as ROAM, following a strategic shift in the company’s vision as a result of its expansion. Opibus, which was founded in 2017, is the leading provider of locally designed and manufactured electric vehicles. Its vision is to develop dependable and cost-effective products for the pan-African mass market….

Techstars

Techstars Unveils ARM Labs Techstars Accelerator in Lagos, Nigeria

ByTechTrends

Techstars, a global investment firm that provides early-stage entrepreneurs with access to capital, one-on-one mentorship, and customized programming, has launched the ARM Labs Lagos Techstars Accelerator Program in collaboration with ARM Labs, a Lagos-based innovation program focused on assisting fintech startups. The new accelerator program will invest in early-stage African fintech and proptech companies. “Lagos…

Paymob

Egyptian payments startup Paymob opens office in Pakistan

ByTechTrends

Paymob, an Egyptian digital payments company, has expanded its operations into Pakistan, with the goal of providing online, POS, and “Tap on Phone” payment options to Pakistani merchants. Paymob is an infrastructure technology enabler that provides payment solutions to empower digital financial service providers through mobile wallet technology. It was founded in 2015 by Islam Shawky,…

Ibrahim Toyeeb
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Fintech Startup Leatherback Completes $10m Pre-seed Funding For Expansion

ByTechTrends

Leatherback, a cross-border payments network based in the United Kingdom, has received a $10 million Pre-Seed fundraising round from Zedcrest Capital, a major pan-African principal investment group. The funding will allow the growing Fintech company to focus on critical activities, including hiring strategic roles, elevation in its marketing and branding strategy, and traction and visibility…

Kudi-Nomba
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African Fintech Company, Kudi, Rebrands to Nomba

ByTechTrends

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,…

TeamApt Moniepoint

TeamApt of Nigeria relaunches its Moniepoint product as a business bank

ByTechTrends

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

Venture capital plays a “catalytic role” in innovation, but can investors get involved?

ByTechTrends

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…

PAL
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Ghana’s PAL Announces Proprietary Payment Processing Platform

ByTechTrends

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…

Elloe
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Kenyan AI-Driven Conversational E-commerce Startup Elloe Raises $1m Pre-Seed Round

ByTechTrends

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
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Improving Service Experience to Increase Customer Satisfaction

ByTechTrends

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,…

Blockchain technology
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The Ultimate Guide for Leveraging Blockchain Technology in Your Business

ByTechTrends

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…

sprints
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Egyptian Edtech Startup Sprints Secures $1.2 million in Series A Round

ByTechTrends

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,…

Nigeria's Lemonade Finance
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Nigeria’s Lemonade Finance is now Live in 7 new markets

ByTechTrends

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…

Visa
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Visa Launches its First African Innovation Studio in Kenya

ByTechTrends

Visa, a global leader in digital payments, announced the opening of a new Innovation Studio in Nairobi, Kenya, today. Its first dedicated innovation site in Sub-Saharan Africa is the studio (SSA). This facility will service the Sub-Saharan Africa area, according to a news release, and will join Visa‘s network of innovation centers, which have been…

Bootstrapping

Bootstrapping Your Business From the Ground Up

ByTechTrends

The term “Bootstrapping” is derived from the phrase “to hoist oneself up”. It is a method of starting one’s own business utilizing one’s own resources. A bootstrapped startup is a business that began and grew without the help of outside investors. Bootstrapping a business does not imply that the company will not seek outside funding. In fact,…

Influencer Marketing

Influencer Marketing is the key to Unlocking Fintech Opportunities

ByTechTrends

According to a 2021 research by web service provider Yahoo, the worldwide fintech sector is worth close to USD 7300 billion and is expected to increase at a rate of 26.87 percent year. The rapid growth of fintechs has been attributed to a rise in the popularity of digital payments, greater investments in technology-based solutions,…

SmartWage
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SA HR startup SmartWage completes $2m seed round

ByTechTrends

SmartWage, an HR and communications technology business based in South Africa, has acquired US$2 million in a preliminary fundraising round that was oversubscribed to support its ambition of transforming Africa’s workforce through digital inclusion, particularly for frontline workers. SmartWage, which was founded in 2019, began by allowing businesses to provide their employees fast access to…

PayMint
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Egyptian fintech startup PayMint completes 7-figure seed round for expansion

ByTechTrends

PayMint, an Egyptian fintech firm, has received a seven-figure US dollar seed investment to help it expand in its local market. PayMint, a financial technology company founded by Mohamed Yahya and Mohamed Rabie in 2019, offers SMEs salary payments, working capital finance, and supplier payments. The seed round, which was led by AUR Fintech, a…