March 29, 2024

Web and Technology News

Nigerian digital bank Yep! raises $1.5M pre-seed for its ‘financial super app’ play

Agency banking is big business in Nigeria and sub-Saharan Africa. It involves agents or merchants, who act as human ATMs, offering financial services such as transfers, savings and payouts to the underbanked and unbanked that rarely visit bank branches. Banks and telcos are heavy players, so are some companies like E-Settlement, a holding company for […]

Sequoia Capital India, STV back Dubai-based BNPL provider tabby in $54M extension round

Tabby, the Dubai-based buy now, pay later (BNPL) platform that lets users shop, pay later and earn cash from over 3,000 global brands, including Adidas, IKEA and Bloomingdale, has completed a Series B extension of $54 million. It follows tabby’s initial Series B round of $50 million announced last August that valued the company at […]

Stax gets $2.2M for its app that lets Africans make transactions via automated USSD codes

Stax, a startup that allows Africans to buy airtime, send and request money, and transfer funds between accounts via automated USSD codes, has raised a $2.2 million seed extension round. U.S.-based VC firms World Within Ventures and Noemis Ventures co-led the round with Anthemis Group, Orange DAO, 500 Startups, Garuda Ventures and GAN Ventures participating. […]

M-KOPA raises $75M as it clocks 2 million customers across four African markets

A 2019 World Bank report says 85% of Africans live on less than $5.50 per day. A large percentage of these adults are unbanked and underbanked; thus, they don’t have access to credit and also can’t afford important purchases outright. M-KOPA’s financing platform has proved helpful to this set of users since launching as an […]

M-KOPA raises $75M as it clocks 2 million customers across four African markets

A 2019 World Bank report says 85% of Africans live on less than $5.50 per day. A large percentage of these adults are unbanked and underbanked; thus, they don’t have access to credit and also can’t afford important purchases outright. M-KOPA’s financing platform has proved helpful to this set of users since launching as an […]

Who really benefits from digital development?

Kevin Klyman Contributor Kevin Klyman is a technology researcher who has written data protection policies for the United Nations. His work has been published by Human Rights Watch, the San Francisco Chronicle and the Campaign to Stop Killer Robots. The TechCrunch Global Affairs Project examines the increasingly intertwined relationship between the tech sector and global politics. Like […]

Who really benefits from digital development?

Kevin Klyman Contributor Kevin Klyman is a technology researcher who has written data protection policies for the United Nations. His work has been published by Human Rights Watch, the San Francisco Chronicle and the Campaign to Stop Killer Robots. The TechCrunch Global Affairs Project examines the increasingly intertwined relationship between the tech sector and global politics. Like […]