Netflix today launched its interactive game, Triviaverse, a quick-hit trivia experience divided into three rounds of increasing difficulty for one-player mode and two rounds per person in two-player mode. The game requires that players must answer as many questions correctly as they can within a time limit, and achieve the…
Author: Oluwasegun Olukotun
Morocco’s fintech startup WafR has raised $120,000 from First Circle Capital, bringing the company’s post-funding valuation to over $10 million. Armed with fresh funds, the startup will look to expand its network of clients and FMCG brands. WafR hopes to reach 50,000 active partner grocers within six months. Co-founded by…
Omnisient, provider of the leading consumer privacy-protecting data collaboration platform in emerging markets has raised $3.5 million in an over-subscribed expansion round led by Buffet investments, KLT and Africa’s largest retailer, the Shoprite Group. This latest round of funding also included follow-on investors One5, ENL and early shareholders Investec and Nedbank.…
Yassir, a multi-sided marketplace offering on-demand services such as ride hailing, food and grocery delivery, banking and more has raised $150 million in Series B funding from a series of prominent global investors. The investment was led by BOND, with participation from DN Capital, Dorsal Capital, Quiet Capital, Stanford Alumni…
Roam Motors and Mukuru Clean Stoves have been shortlisted as finalists for the 2022 Earthshot Prize. Founded by Prince William, the Earthshot Prize is a global environmental initiative that finds and spotlights ground-breaking solutions across the world with the potential to fix the climate crisis. The Earthshot Prize is centred…
Egypt’s Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform valU has invested in live e-commerce platform, Hoods. valU’s investment aims to capitalise on Hoods’ unique platform to penetrate the fast-growing virtual shopping space and diversify its offering to both new and existing valU customers and merchants. The investment in Hoods comes just…
West African private equity fund manager, CardinalStone Capital Advisers (CCA), has announced a $6 million investment in AfyA Care as part of the company’s Series A capital raise. AfyA Care is a healthcare group providing integrated healthcare services including hospital care, health insurance and health technology services in Nigeria. The…
South African financial services group, Sanlam and MTN group have announced that their strategic partnership to market and distribute insurance and investment products across Africa has received approval with the fulfilment of the regulatory, competition and other requirements. The effective date of the transaction is 31 October 2022. The strategic…
Global digital P2P payments company, MoneyGram has launched a new service enabling consumers to buy, sell and hold cryptocurrency via the MoneyGram mobile app. The ability to buy, sell and hold crypto using the MoneyGram app is made possible through the Company’s existing partnership with Coinme, a licensed crypto exchange…
Egypt’s fintech Money Fellows has raised $31 million in a Series B Fund round led by CommerzVentures, MEVP, and Arzan Venture Capital, as well as Invenfin, National Investment Company (NIC), Existing investors Partech, Sawari Ventures, 4DX and P1Ventures also invested in the round. The round will allow Money Fellows to…
Earlier this month, Ecobank Group announced the six finalists for the fifth edition of the Ecobank Fintech Challenge. The pan-African banking conglomerate has now announced Touch and Pay a Nigeria-based fintech as the winner of the 2022 edition of the Ecobank Fintech Challenge. Touch and Pay took home a $50,000…
Luxury fashion house, Hugo Boss is collaborating with Adobe to drive its strategy around 3D and immersive design. Applications within Adobe Substance 3D have enabled the company to drive innovation in this space and create new workflows that take products from concept to streets in new ways. For HUGO BOSS,…
LogiTrak and Octamile have teamed up to automate claims and easy access to insurance products for truckers and haulage businesses in Nigeria. Octamile’s digital insurance infrastructure will bring drivers and their families, logistics and mobility businesses in its ecosystem closer to the protection insurance provides. LogiTrak is an e-logistics and…
KCB Bank Kenya has forged a partnership with Terra-Pay Group, a UK-headquartered digital payments infrastructure and solutions provider, to enable customers to receive funds from the diaspora into their accounts in Kenya. Data from the Central Bank of Kenya indicates that remittance inflows into Kenya grew by 13.2% year-on-year as…
Pan-African Cryptocurrency, Yellow Card has become the first cryptocurrency company in Africa to be granted a Virtual Asset Service Provider licence to operate in Botswana. The licence, in accordance with Section 11 of the Virtual Asset Act, 2022, was issued by the Non-Bank Financial Institutions Regulatory Authority [NBFIRA] on the…
Flourish Ventures, a global venture capital firm investing in mission-driven fintech entrepreneurs has launched Madica, a structured investment program for pre-seed stage technology companies in Africa. Aiming to serve mission-driven and under-represented founders, the new sector-agnostic program will invest capital in tech startups and offer founders tailored mentorship and world-class…
Egypt’s proptech Seqoon has secured $500,000 in a pre-Seed round through Banque Misr’s pilot programme to support startups in Egypt. The round also saw in participation several angel investors. Founded in 2022 by Omar Eldessouky and Mohamed Elkhatieb, Seqoon empowers people to own shares of a vacation home while enjoying…
Egypt’s cleantech KarmSolar has secured $2.4 million in funding from Qatar National Bank ALAHLI (QNB ALAHLI), as part of KarmSolar’s Phase 2 expansion of existing solar microgrid solution for the Cairo 3A poultry farm facility in the Bahareya Oasis in Giza, Egypt. Phase 2 of the project consists of the…
ROAM in August launched a new electric Mass Transit Bus, the Roam Rapid to alleviate the challenges of public transport in Nairobi and Africa as a whole. The Swedish-Kenyan technology has now announced the electric, public mass transit bus operation in Nairobi. This one-year project aims to address the unique…
Netflix has launched a new feature called Profile Transfer that enables people using another user’s account to transfer a profile, keeping the personalized recommendations, viewing history, My List, saved games, and other settings when they start their own membership. This new, much-requested feature will roll out to all members around…