Author: AdeO

Samsung and Mastercard are officially teaming up on a credit card with a built-in fingerprint scanner. These so-called “biometric cards” will come baked in with a “several key discrete chips” from Samsung’s side, and are planned to be compatible with any point of sale (POS) terminal, or any terminal that…

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Mobile money service provider, Y’ello Digital Financial Services has announced the expansion of its MoMo Agent cardless cash withdrawal service to over 40 banks and other financial institutions nationwide, providing seamless financial solutions to more people. Initially exclusive to Access Bank, the service has now been extended to include First…

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The Nigerian Government has approved the establishment of dedicated Subscriber Identification Modules (SIM) Swap centres by Mobile Network Operators (MNOs) across the 774 Local Government Areas (LGAs) of Nigeria. This was part of the resolution reached at the Ministerial Task Force meeting on the NIN-SIM registration held at the weekend,…

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Following a successful 2020 comprising eight new investments and three international exits, African focused venture capital (VC) investor HAVAÍC has announced the launch of its newest fund. With a track record for investing in, supporting, internationalising, and ultimately exiting, early-stage high growth African technology companies, HAVAÍC’s Universum Core African Fund…

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Africa’s leading ecommerce platform, Jumia has reported gross profit of €27.9 million, translating to a year-over-year increase of 12% in its 2020 Q4 and full year report released recently. The report by the pan African etailer showed that Gross Profit after Fulfillment Expense reached a record of €8.4m. According to…

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Co-creation Hub (CcHub) has announced the closing of the first round of investments for the CcHUB Syndicate. CcHub in a statement said that it invested in 3 technology companies with valuations above $17.5m and are focused on building critical digital infrastructure to be deployed across Africa. Meet the Startups: The…

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Termii, a Nigerian multi-marketing platform has raised funding from Future Africa, an early-stage innovation fund founded by Iyinoluwa Aboyeji. Termii is an online platform that helps teams secure repeat customers by sending personalized emails and SMS through multiple channels. Additionally, the startup helps African businesses communicate with customers across SMS,…

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