Scan to Pay, Powered by Ukheshe, has partnered with Xion Global to offer crypto payments on the Scan to Pay app. Scan to Pay, powered by Ukheshe is the largest QR ecosystem in South Africa and it is used by more than 600,000 merchants, 14 banks, 94 payment service providers, and fintech firms.…
Author: Oluwasegun Olukotun
Agricultural technology company, ThriveAgric, in collaboration with global nonprofit organisation, Heifer International has launched its AYuTe (Agriculture, Youth and Technology) Project. The initiative which aims to empower 125,000 smallholder farmers with financial inclusion access, further reiterates the company’s mission to build the largest network of profitable farmers across Africa while ensuring food…
The Africa-focused venture capital firm, TLcom Capital has announced its fifth annual Africa Tech Female Founder Summit, which will be held on Tuesday 14th November 2022 in Lagos, Nigeria. The headline session will feature a fireside conversation with Julia Collins, who will share valuable insights on her experience as a successful serial…
Global digital payment company Visa has announced it is investing $100 million in companies harnessing generative AI technologies and applications for commerce and payments. Visa views this initiatve to be an expansion of Visa’s leadership in using AI to drive innovation in payments, generate value for partners and clients, and…
Egyptian deeptech startup Intella has secured $3.4 million in a pre-Series A funding round steered by HALA Ventures and Wa’ed Ventures, the VC arm of Aramco, with participation from Sanabil 500 and INSEAD’s alumni angel network, along with other investors. Nour Altaher and Omar Mansour founded Intella in 2021 to…
Egypt-based AI recruitment company, Talents Arena, has raised a $750,000 pre-Seed funding round from UI Investments, alongside several Saudi and regional angel investors. Founded in 2019 by Aya Elgebeely, Talents Arena uses an AI-powered hiring engine to help organisations hire talent by fully automating the recruitment life cycle. This funding…
MyCover.ai, the insurtech startup building Africa’s digital insurance infrastructure, has announced the close of a $1.25 million pre-seed funding round, today, led by Ventures Platform. The round included participation from Founders Factory Africa and TechStars, who are making a follow-on investment after the start-up’s participation in its 2022 Toronto Accelerator program. MyCover.ai will use…
Warner Music Group and TikTok have entered into a partnership that will benefit WMG’s artists and songwriters, and TikTok’s billion-plus users around the world. The multi-year, multi-product deal licenses the repertoire of Warner Recorded Music and Warner Chappell Music to TikTok, TikTok Music, CapCut, and TikTok’s Commercial Music Library. The…
The African Development Bank (AfDB) has announced a $20 million investment in the Pembani Remgro Infrastructure Fund II in Côte d’Ivoire. The Bank’s investment will allow the Fund to raise up to $400 million from private, commercial or institutional investors to invest in industrial and infrastructure projects in Africa. The…
Global fintech company, IDT Corporation has announced that its BOSS Money app has been expanded across Francophone Africa to include Senegal, Côte d’Ivoire, Cameroon, and the Democratic Republic of the Congo. The BOSS Money app now enables app users to send, receive, carry, and exchange money in multiple local currencies…
Insuretech company, Octamile has partnered with RxAll, a key player in health technology to to make quality healthcare accessible to everyone, starting in Africa, by offering affordable and comprehensive health insurance packages through a seamless platform, they aim.RxAll is a health-tech platform that aims to improve access to affordable healthcare services…
KPMG and Microsoft have announced a significant expansion of their global partnership in a number of business-critical areas, such as workforce modernization, safe and secure development, and use of Artificial Intelligence (AI) solutions for clients, industries, and society at large. A multibillion-dollar commitment from KPMG to Microsoft’s cloud and AI…
The International Finance Corporation (IFC) has announced an investment in the Amethis Fund III’s first closure to aid in the growth of medium-sized businesses in Africa across a variety of sectors. Amethis Fund III will offer crucial expansion capital to ten to twelve medium-sized businesses operating in industries that are…
The Universal Energy Facility (UEF) is giving grants up to $10 million to mini-grid companies in the Democratic Republic of the Congo (DRC), Madagascar and Sierra Leone in the coming weeks. The grantees will receive financial support to build solar mini-grids in communities without access to clean energy and where…
Artificial intelligence (AI) company, Flapmax and Microsoft have launched the second FAST Accelerator program. The programme is designed to support and fund the next generation of innovative companies and entrepreneurs throughout the African continent. Building on the success of the inaugural program, the FAST Accelerator 2023 offers a transformative experience…
Africa’s superapp, Ayoba has teamed up with Adanian Labs to launch an SME Accelerator program aimed at empowering and accelerating the growth of small businesses in Nigeria. This initiative comes at a crucial time, as Nigerian SMEs play a vital role in driving economic growth and job creation in the…
Egypt-based fintech Menthum has raised pre-Seed funding from Acasia Ventures, along with A15 and other angel investors. Founded in 2021 by Himanshu Shrimali and Ismail Sarhank, Menthum is a B2B and B2C digital savings platform that provides individuals and companies an innovative way to invest in safe treasury bills (T-bills)…
Binance Academy has joined forces with Coursera to collaborate on developing certified Web3 educational programs. The courses will cover a wide range of Web3 and blockchain-related subjects and are designed for both professional and foundational certifications. The partnership between Coursera and Binance Academy will help bridge the knowledge gap between…
SAP has appointed Kholiwe Makhohliso as the new managing director of SAP’s Southern Africa operations. Makhohliso joins SAP at a critical juncture, according to Sergio Maccotta, senior vice-president for the Middle East, South Asia, and Africa. He said, “Organisations throughout Southern Africa are uncovering new capabilities and efficiency gains through…
Verve International has reported that it has now issued more than 50 million payment cards overall. This development comes barely a year after the scheme announced it had issued 35 million cards in Nigeria in March 2022, translating to 42% growth in issuance volumes YoY. Verve has emerged as the…