Author: Staff Writer

Pastel, a Nigerian digital bookkeeping and digital platform for merchants announced that it has raised $5.5 million in a seed round led by TLcom and other Venture Capital firms including Global Founders Capital (GFC), Golden Palm Investments, DFS Labs, Ulu Ventures, Plug and Play, and Soma Cap. It raised a…

Watu Credit Uganda, one of Uganda’s leading asset financing companies, has received a $10 million investment from Verdant Capital through its Verdant Capital Hybrid Fund. Specifically focused in the business of financing two-wheelers, Watu says the investment will provide Watu with more capital to finance motorbike taxis thereby helping to…

Samsung has introduced new smartphones and accessories including the Galaxy Z Flip4, Galaxy Z Fold4 and Galaxy Buds2. This is the fourth generation of foldable smartphones released by the tech giant. The last set of foldables including the Galaxy Z Flip3 and Galaxy Z Fold3 were launched exactly a year…

Yellow Card, a Pan-African crypto exchange has launched a new product, Yellow Pay, which allows users send and receive money through the Yellow Card crypto exchange platform, without any extra charges. According to Oparinde Babatunde, Yellow Card Director of Operations, “one of the biggest challenges in Africa is the difficulty…

South African AI-as-a-service firm, DataProphet announced that it raised $10m in Series A funding round led by an existing investor, Knife Capital, joined by existing investors too – IDC and Norican. Knife Capital began investing in DataProphet in early 2018 via its KNF Ventures Section 12J funding vehicle. It also…

Machine learning can be used for a lot more than just RPA, virtual assistants, and autonomous vehicles. We can also use machine learning to identify duplicates in your Salesforce environment. In this article, we will take a look at how machine learning algorithms can be trained to dedupe Salesforce. How…

Billionaire Elon Musk has sold 7.9 million units of Tesla amounting to $6.9 billion. It would seem he is preparing for the worst case scenario in his $44 billion Twitter purchase lawsuit. Regulatory filings show that the sale took place after the firm’s annual shareholder meeting last week. He already…

TeamApt, an African fintech with origins in Nigeria, announced that it has completed a financing round and brought on-board QED, a premier Venture Capital firm in the fintech space. Existing investors such as Lightrock, BII, and Novastar Ventures — also participated in this round. Though TeamApt has not officially mentioned…

Applications are now open for the 2022 MEST Africa Challenge. The 2022 MEST Africa Challenge is inviting pre-seed and seed stage technology startups from Ghana, Kenya, Senegal, Nigeria, and South Africa to contest for a chance to raise USD 50,000 in funding, among other prizes. MAC presents a unique opportunity…

Snapchat, the popular instant messaging service, has introduced a new feature called Family Center which allows parents “get more insight into who their teens are friends with on Snapchat, and who they have been communicating with, without revealing any of the substance of those conversations.” According to the company in…

Convertedin, an Egyptian e-commerce startup, announced that it has raised $3 million in a seed round led by Merak Capital, a Saudi Arabian headquartered company. Other participants in the seed round include 500 Global and MSAS Founded in 2019 by CEO Mohamed Fergany, Mohamed Atef and Mustafa Raslan, Convertedin is a marketing operating…

Ever sent an WhatsApp message and wished that you still have a longer time to “unsend” it? Well WhatsApp just announced a new feature where you now have a little over two days to delete a “sent” message instead of just one hour. We were already expecting this new feature…

It seems that Elon Musk is not ready to wait for the court to decide the fate of his withdrawal to buy Twitter. The sensational tech billionaire want to take the fight to the streets. He wants the public to decide. He made this known in a tweet to his…

A Nigerian Energy Tech company, Beacon Power Services, announced that it has closed $2.7m seed round led by by Seedstars Africa Ventures with participation from Persistent Energy, Factor[e], Kepple Africa Ventures, and Oridun Capital Management. Launched in 2014 by Bimbola Adisa, Founder & Chief Executive Officer, Beacon Power Services (BPS) provides data and grid management solutions…

Mdundo.com, an African music streaming business, announced that it crossed the 20 million subscriber milestone in June 2022. The biggest country for the Kenyan based company was Nigeria with a total of 4.9m monthly users, followed by South Africa with 3.7m and Tanzania with 2.4m. Launched in 2013, Mdundo, had about…

Instagram announced that it is expanding NFT support to more people in 100 countries in Africa, Asia-Pacific, the Middle East, and the Americas. This means that more people, creators, businesses and collectors will be able to share digital collectibles they created or own. The NFT sharing on Instagram was initially only available to select…

Amazon Prime video has launched a localised version of its service in Nigeria. The streaming giant announced this in a tweet on a new Amazon Prime Naija account recently. This is a significant development in the video streaming scene in Nigeria as it aims to compete with the likes of…

Good financial management is one of the most vital skills that every young adult needs to have. Unfortunately, such a skill is generally not taught in most school curriculums. Often, financial literacy is associated instead with either the virtue of self-taught resourcefulness or the idea that the skill of being…

Y Combinator, a technology startup accelerator, cut the number of startups in its summer class to 250 from 414 in its previous winter class. According to The Information, this was in response to a downturn in the economy and in venture capital funding. Remember, in May 2022, the startup accelerator…

One of the most popular games of the new age, The Cycle Frontier, is a loot-focused extraction shooter game with exciting PvE and PvP elements. The dangerous lush forests of the planet Fortuna III make it even harder for players to survive, but one cannot deny the thrill you get…