FlapKap, a tech-enabled revenue-based financing platform in the MENA region, revolutionising e-commerce growth, announced the close of its $3.6M seed round. The round included participation from Bolt by QED, Nclude, Outliers, and A15. This latest capital injection comes six months after the company’s pre-seed raise and coincides with the company recording significant milestones of an MoM…
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Tugende, the innovative fintech platform for MSME credit and asset-financing in East Africa, closed in Q2 pre-Series B equity funding from existing shareholders led by Partech and two new investors, including Women’s World Banking. The new investors add to the diversity of Tugende’s shareholding and complement the experience and skills that each contribute to Tugende’s growth….
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Geidea, one of the region’s largest Fintech companies by market share, has announced a strategic partnership with Visa, the world leader in digital payments, to bring Geidea’s sophisticated payment solutions to the Egyptian market. Under the strategic partnership, Visa will invest in adding new payment solutions through Geidea’s Point-Of-Sale terminals, to provide seamless and secure…
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According to Pennee, access to funding seems to be the most difficult of running a small and medium-scale enterprise (SME) in Nigeria, even when the funds are available the interest rates are usually high. “There are a lot of opportunities on the continent [Africa] but capital is very difficult to come by.” — Tony Elumelu…
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Originally published here When designing and building systems that follow a service-orientated paradigm, we find that the complexity of securing the overall system and choosing a pattern for authentication can be challenging. Building a centralized monolithic system would mean that your authentication and authorization are also central, that there is one authority determining which end-users…
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Polygon has announced a partnership with Starbucks Coffee Company to provide the blockchain technology to build its recently announced Web3 experience, Starbucks Odyssey. As a result of the partnership, this new Web3-powered experience will allow Starbucks Rewards loyalty program members and Starbucks partners (employees) in the United States to earn and purchase digital collectible stamps in the form of…
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The Hedera network, the most used, sustainable, enterprise-grade public ledger for the decentralized economy, has been named to the Constellation ShortList™ for Blockchain Services in Q3 2022. The technology vendors and service providers included in this program deliver critical transformation initiative requirements for early adopters and fast-follower organizations. Hedera offers a range of different DLT services that…
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NowNow, a Nigerian digital system startup, has closed a $13 million seed round to scale and expand its service offerings across Africa. The funding round was led by NeoVision Ventures Ltd., DLF Family Office, and Shadi Abdulhadi. With the new funding, the startup said it will improve financial inclusivity across Africa and drive empowerment, as well…
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