Funding South African fintech startup Franc secures $300k in the second quarter of 2020 as part of a wider seed funding round South African fintech startup Franc has raised US$300,000 in seed funding over the second quarter of 2020 as part of an ongoing round. Franc is an investment robo-advisor that helps people who have never invested before access the best cash and equity funds in the market. The startup
Blockchain South Africa's Crypto startup, ChainEx collaborates with world-leading exchange, OKEx. South African cryptocurrency exchange platform, ChainEx has announced a collaboration with one of the world’s biggest exchanges, OKEx. The new deal will give crypto traders more liquidity and access to a wide variety of digital assets on a global exchange. ChainEX is the only digital asset exchange that provides
Startup Digital Marketing platform, HotelOnlineacquires Kenyan leisure marketplace, Cloud9xp. Digital marketing platform, HotelOnline has acquired Kenyan leisure marketplace Cloud9xp in a share swap deal to enable the startup to become the B2C channel of the Africa-focused hotel-booking platform. Cloud9xp.com is an online marketplace and booking service for leisure experiences located in Nairobi, Kenya. Last year, Cloud9xp merged with
Funding VC firm, GreenTec commits into Nigerian wholesale e-commerce platform, Pricepally. Micro Venture Capital firm, GreenTec has invested in innovative Nigerian wholesale e-commerce platform, Pricepally. Pricepally.com is an online store that allows customers to shop bulk items with your family and friends so customers can enjoy deep discounts on the prices of food and daily needs. Using principles of the
Startup Drivers Urge 'across the board' Navigation App to Roll-out Across Africa African drivers are requiring the presentation of NEXIT – a route application that permits clients to scan for any mix of cafés, lodgings, shopping centers, attractions, and gas stations dependent on particulars like cost and separation. As per Vanguard Nigeria, the application which is at present just accessible in the US
Evina exposes malware that retrieves Facebook Credentials from African Mobile Users Anti-fraud firm, Evina has exposed a certain malware leverages javascript to retrieve the login credentials of Facebook users. According to the company, the malware targets social media users in Africa. This malware launches a browser that loads Facebook at a time a mobile user is trying to open the platform,
Fintech company, ‘ProfitShare Partners’ raises R100-million from the SA SME Fund FinTech company, ProfitShare Partners has raised R100-million from the South African SME Fund to help partner with small and medium businesses to accelerate growth in South Africa. ProfitShare Partners is a fintech company that provides short-term capital and transactional support to SMEs who do not have access to funding or
Africa-focused VC firm, Ingressive Capital introduces a non-profit arm to empower the youth Africa-focused VC firm, Ingressive Capital has introduced a non-profit arm called Ingressive For Good (I4G) to empower the youth. Ingressive for Good (I4G) is a nonprofit dedicated to empowering African youth with micro-scholarships, technical training, and talent placement. This initiative will help the participants with micro-scholarships, technical training, talent placement,
Tech Hub Harare opens applications for its incubation program. The innovation hub, Tech Hub Harare has opened applications for its incubation programme to grant access to mentorship and funding opportunities to Zimbabwean startups. The six- month program will help startups to transform ideas into MVPs while receiving validation, product-market fit and business training as well as cloud computing and
Startup LifeQ collaborates with B-Secur to develop Electrocardiogram technology solution. Biotech startup LifeQ has collaborated with B-Secur to develop an advanced, integrated Electrocardiogram (ECG) and optical (PPG) based technology solution. According to an announcement from the company, B-Secur’s Electrocardiogram (EKG/ECG) technology will be integrated into LifeQ’s optical PPG (photoplethysmography) technology to enable advanced identification, wellness and health
Startup Mama Money partners Western Union to allow customers transfer money across the world. Mama Money, an African remittance platform, has partnered with cross-currency money movement and payments company, Western Union to allow customers to send money across the world leveraging Western Union’s Global Network. Also, the partnership will help lessen the transfers of physical cash which is an agent in the spread
Microsoft Unveils A global initiative To Assist 25million Individuals with Digital Skills needed In A COVID-19 Economy. Microsoft is propelling a worldwide aptitude activity planned for carrying increasingly computerized abilities to 25 million individuals worldwide before the year’s over. As per Microsoft figurings, worldwide joblessness in 2020 may arrive at a fourth of a billion people as different nations and landmasses face comparable difficulties. At its
MTN South Africa introduces Mobile Money Service. MTN South Africa has introduced a new feature on its Mobile Money Service which allows customers to make purchases online using their MoMo wallets instead of a credit card. This comes after the growing demand for e-commerce growing in South Africa in order to reduce the spread of COVID-19. The
MTN South Afria rolls out its first 5G network in Africa. MTN South Africa has rolled out its first 5G network in Africa and the Middle East region. The network covers 100 sites in Johannesburg, Cape Town, Bloemfontein, and Port Elizabeth, Durban. During the company’s live-streamed launch, CEO of MTN South Africa, Godfrey Motsa said, “Today, from MTN’s birthplace
Startup Moroccan startup, Nextronic produces its Infrared Thermometer. Moroccan startup, Nextronic has produced its first locally-made Infrared thermometer. This development is part of the country’s effort to fight the current COVID-19 pandemic, The engineering group proposed their design to the Moroccan Ministry of Industry, who gave them backing to produce up to one thousand pieces of thermometers
Artificial Intelligence Tanzanian fintech startup, Mipango rolls out AI-based personal finance app. Tanzanian fintech startup, Mipango has rolled out an artificial intelligence (AI)-based app that provides users with free financial advice on iOS and Android devices. Mipango is a personal finance mobile application that allows users to manage their income, expenses, savings, financial targets, and budgets as well as granting access
Central Bank Of Nigeria (CBN) Discharges regulatory approval to launch new Innovative products. The Central Bank of Nigeria (CBN) has discharged another structure for administrative sandbox activities in Nigeria which looks to give administrative oversight to fintech development. The sandbox is a proper procedure for firms to lead live trial of new creative items, administrations, conveyance channels, or plans of action. This will
Startup South African fintech company, MFS Africa acquires Digital payments startup, Beyonic. South African fintech company, MFS Africa has acquired East African digital payments management startup, Beyonic. Beyonic is a digital payment management provider that grants 26 mobile money networks and over 20 banks to SME’s, fintech, and social impact entities. MFS Africa is a pan-African cross-border payments company that connects
Kenyan health startup, Nadia, offers telemedicine services amid COVID-19 pandemic. Kenyan health startup, Nadia is offering telemedicine services amid the current COVID-19 pandemic. Nadia is a personalised automated health companion app which provides users with access to consultations with doctors in real-time. The startup focuses on telemedicine for non-urgent primary care in order to save its patients time and money
Teledentistry Startup, Basma revenue increases due to high demand for its service. Teledentistry startup Basma sees an increase in revenue due to the high demand for its at-home teeth straightening treatment. Basma is a teledentistry startup that offers at-home teeth straightening treatments in the Middle East & North Africa. As the demand for telehealth services rises due to the ongoing Covid-19 pandemic,
Facebook's Dark Mode is Ready And Now Being Tested on Mobile. Web-based social networking goliath Facebook has affirmed to Social Media Today that a portion of its stage’s clients are currently ready to change to dim mode on their versatile application and it’s now being tested. These users have started to present their responses on the new dark mode
Startup Ride-hailing platform, Careem partners with Visa financial payment services to its captains. Ride-hailing platform, Careem has partnered with Visa to provide a variety of financial payment services to its drivers dubbed, “Captains”. The services aim to tackle the challenges such as real-time access to funds, cash conversion, and remittances that captains encounter. Currently, the services are being launched in the United Arab
Funding SmartWage secures R6M to expand its employee solution across South Africa. SmartWage, a South African payday solution has secured R6 million to scale the growth and expand its employee solution across South Africa. SmartWage partners with companies to give employees instant access to their earned salaries and wages. The fundraising was led by Chris Lister-James from Johannesburg-based seed investor, FiTech Ventures,
Startup iSchoolAfrica partners iStore to give iPads to 10,000 SA matriculants. iSchoolAfrica has partnered iStore to iPads to 10,000 South African matriculants on the #MyFuture programme. iSchoolAfrica is an education trust that provides the world’s best technology to under-resourced schools in South Africa. The #MyFuture programme sees to it that devices, data, live study sessions and curriculum materials are
Infinix Mobility Unveils planned Smart TV S1 into the Nigerian Market. Africa’s premium online-driven cell phone brand, Infinix, has revealed its new Smart TV item S1 into the Nigerian gadgets Market and it is evaluated at ₦93,900 ($252.56) – ₦152,000($408.83) based on the inches. According to Amos Zuo, the Infinix Mobility Country Manager, he expressed how
