March 28, 2024

Web and Technology News

Traction raises $6M seed as Nigeria’s merchant acquiring space continues to heat up

Micro, small, and medium-sized firms (MSMEs) constitute the backbone of the Nigerian economy, accounting for more than 60% of GDP growth and playing a crucial role in job creation. According to the National Bureau of Statistics, there are over 39 million such firms, and 87% operate informally, meaning they primarily receive cash and perform activities […]

Payrails emerges from stealth with $6.4M led by a16z to build the OS for payments

Payments — taking and and paying out money — remains a fragmented and complex area for merchants, marketplaces and others that do business with multiple parties online, and as it grows — from $1.5 trillion today to $2.9 trillion by 2030 — that complexity will grow, too. Today, a startup is coming out of stealth […]