Author: AdeO

Canada is no stranger to technology and innovative startups, which makes it the right candidate for a perfect fintech hub. Toronto, in particular, brings in a lot of pleasing pieces of evidence. Tech companies in Toronto are starting to become competitors to tech giants found around the world. Before fintech…

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Google has announced that Nigerian startup `mDoc’ was one of 11 startups selected to participate in the fully digital inaugural Google for startups Accelerator on Sustainable Development Goals (SDGs). In a statement, Yossi Matias, Google’s Vice President, Engineering, said the 11 were selected based on their vision to address challenges outlined…

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The Tony Elumelu Foundation (TEF) has announced the postponement of the 2020 TEF Entrepreneurship Programme and TEF forum to 2021. The Tony Elumelu Foundation stated that the decision is a response to the current global crisis resulting from the COVID-19 pandemic, and the obvious limitations it could cause to the programme.…

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Visa has partnered with fintech company Chipper Cash as it plans to expand its reach in Africa. Chipper Cash, which enables instant cross-border mobile money transfers, already has over a million customers and recently launched in South Africa. The company will use $6 million it raised in 2019 to grow in new markets and…

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Techstars Toronto has chosen Quidax, a Nigerian cryptocurrency startup to join the accelerator program’s third cohort, which will now begin on June 8, due to the COVID-19 pandemic. With a focus on Africa, Quidax allows businesses and individuals to buy and sell cryptocurrency with their local currency while making it possible…

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Disney-owned Hotstar has launched its Disney+ video streaming service in India after delaying the planned launch for a month. The launch will bring Disney+’s catalog of movies and shows such as Lion King, Iron Man, and The Mandalorian for a premium subscription of ($20) a year. The premium package will give users access to ad-free live…

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Microtraction has invested in Gradely, a Nigerian ed-tech startup that applies artificial intelligence (AI) to improve learning outcomes in schools. Founded in 2017, VC firm Microtraction invests in startups at the very earliest stage of their development and has so far backed a host of Nigerian startups, like Accounteer, Riby, Thank U Cash, CowryWise, Wallet.ng, Schoolable, 54gene, Termii and Festival Coins, as…

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The Lagos State Government has sealed-off the warehouse of one of the largest online marketing store in Africa, Jumia. This action was carried out by two agencies of government, Lagos State Environment Protection Agency (LASEPA) and Lagos State Safety Commission. Another company,  SPN Packaging Studio Press Nigeria Plc, was also…

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SoftBank has backed out of plans to buy $3 billion in WeWork stock from other shareholders, a board committee of the office space company said dealing a blow to shareholders, including Adam Neumann, the company’s co-founder, and former chief executive, who had hoped to sell their stock. SoftBank, a Japanese…

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The Jumia Group has introduced a ‘contactless’ delivery option for prepaid packages on the e-commerce platform as part of measures to curb the spread of Coronavirus (COVID-19) pandemic. The company said the measure became necessary to keep consumers, delivery agents and partners, safe in the wake of the COVID-19 outbreak.…

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