South Africa’s fourth-largest financial service provider Nedbank has launched the ‘Nedbank Business Hub’, an initiative that includes an online business portal that offers business clients a one-stop-shop for all financial-related services. The digital hub is a single channel that lets business clients apply for new products, transact, request and track services, and…
Author: Tapiwa Matthew Mutisi
Twitter has acquired Sphere, a group chat app founded in 2016 that aims to make conversations more interactive and organized, the latest in a series of recent moves from the social network as it looks to aggressively broaden and improve its product offerings. Terms of the deal were not disclosed,…
Payments giant Stripe on Wednesday announced its plans to acquire Recko, a financial operations platform based in Bangalore, India. The terms of the deal were not disclosed. Recko’s payments reconciliation software will add to the growing list of tools Stripe is providing for internet businesses, continuing Stripe’s expansion beyond payments acceptance. Recko…
Facebook has joined forces with Coinbase on a new effort to create a digital wallet that allows people to send money internationally without any fees. According to a letter from Facebook, Facebook’s Novi, which has been in the works for years, will be running pilot programs in the US and Guatemala.…
Facebook whistleblower Frances Haugen testified in front of Congress two weeks ago about the ways the company’s products can bring harm to users after leaking documents supporting her claims to The Wall Street Journal and the SEC. Now Politico reports that the campaign to support Haugen’s advocacy has been aided by eBay billionaire Pierre Omidyar, as she…
Microsoft is now allowing Windows 11 testers to try out Android apps. A preview version of the Windows Subsystem for Android will be available to beta testers of Windows 11 today, providing access to apps from the Amazon Appstore. Testers with Intel, AMD, and Qualcomm processors will all be able…
Stellenbosch University-backed incubator LaunchLab (SU LL) is building the next generation of sustainable, high-impact companies tackling the world’s toughest challenges in Agri, Climate & Health with a heavy dose of engineering and data science so has put out a call for submissions for the ACE Africa Circular Business Showcase competition.…
Apple never ceases to wow. When following its October Unleashed event, the company unveiled its groundbreaking creation: a $19 Apple-branded “polishing cloth.” The polishing cloth makes clear that when it comes to innovating new ways to get people to overpay for something, Apple is still leading the pack, because the demand…
Cape Town-based innovative tech startup KnowItWorld has created a platform that provides users with detailed information about food items. KnowItWorld leverages the most advanced technology, their platform that pairs people with products that meet each individual’s specific needs. According to reports, the tech startup has recently secured its second round…
Cape Town-based biotechnology company BixBio that’s working to unlock the potential of diverse genetic data in Africa to transform the field of precision medicine has secured an undisclosed amount of investment funding from the Illumina Accelerator. Not only has the tech startup secured an investment but it has also been selected…
Johannesburg-based clean-tech startup Brayfoil Technologies, a leader in compliant structure and morphing aerofoil research and design, providing unique capabilities to implement breakthrough technologies for efficiency gains and cost reductions has secured an undisclosed amount of funding from Katapult Ocean. In addition, the innovative tech startup has been selected to participate in the…
Pan-African Fintech startup Payday which recently secured one million dollars in a pre-seed round from several investors that included LofyInc, Microtraction, Magic Fund, and Ventures Platform is in a bid to build out what they believe will be the “PayPal” for Africa has become the first Rwandan company in history…
Sony’s China branch was fined 1 million yuan ($155,500) by Beijing’s market regulator for “damaging the dignity of the Chinese state” for advertising an announcement for a new product last July, on the day historically associated with the start of the Sino-Japanese War (July 7th, 1937). According to some analysts,…
Users in Africa will be able to earn extra cash from tasks being outsourced by organizations following the launch of TaskMate beta app by Google. Google has launched the app in Kenya which it says simplifies crowdsourcing tasks posted by organizations such as translating text into local language or filling…
Former US President Donald Trump has announced plans to launch a new social media network, called TRUTH Social. He said the platform would “stand up to the tyranny of big tech”, accusing them of silencing opposing voices in the US, and the Trump Media & Technology Group (TMTG), which he…
Tesla Inc. posted third-quarter profits that topped expectations, with record deliveries helping fuel the electric-vehicle maker’s results even as supply chain challenges weighed broadly on the auto industry. However, quarterly revenue came in short of consensus expectations, and shares fell slightly in after-hours trading. The company’s stock dropped less than a…
PayPal Holdings Inc has offered to buy digital pinboard site Pinterest Inc for $45bn, people familiar with the matter said, a combination that could herald more tie-ups between financial technology and social media companies in e-commerce. Analysts said the PayPal-Pinterest deal talks highlight the potential for other social media and fintech…
Bitcoin, the world’s most valuable cryptocurrency, notched a fresh all-time high Wednesday as investors cheered the successful launch of the first U.S. bitcoin futures exchange-traded fund (ETF). Bitcoin climbed around 4% to $66,474.20 by noon ET, topping a previous record of $64,899 set in mid-April. The pop has been fueled by…
It’s a wrap! Samsung ended the Unpacked Part 2 Event with a Bespoke Edition Samsung Galaxy Z Flip 3 and Galaxy Watch 4, along with limited-edition Galaxy Watch 4 and Samsung Galaxy Buds that have been made in partnership with Paris-meets-Tokyo lifestyle brand Kitsune. Here’s everything announced at the Galaxy…
Rideshare group Bolt has announced its food delivery service Bolt Food has launched in Johannesburg. The service will provide the city’s residents with access to food deliveries from more than 300 restaurants and fast food outlets. The food delivery service has been available in Cape Town since April 2020, where…