A 360° view on tech world
Netflix lost almost a million subscribers in the last quarter, and it expects to shed hundreds of thousands more this year. Does that mean consumers are suffering from “subscription fatigue?”
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Manufacturing plants or factories take raw material inputs and add value through a sequence of unit processes before shipping a product. Now, this process must follow a recipe. There are a series of instructions for products such as cars; in those instructions, a list of parameter values, specific temperature for iron melting, specific pressure for […]
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It’s not often you hear about African tech companies expanding into Europe. Some examples include fintechs Lidya and Korapay in Eastern Europe and the U.K., respectively. In the latest development, Bluechip Technologies, an African enterprise company that partners with international OEMs like Microsoft and Oracle and provides data warehousing solutions and enterprise applications to banks, […]
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A new report detailing the cost of mobile data in different markets across the world bears the evidence of why internet use in most of Africa remains low despite the growing broadband internet coverage. The Worldwide Mobile Pricing 2022 report, which surveyed 233 countries and territories, shows that five of the 10 most expensive countries […]
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Last Friday, Barter, the consumer app of Africa’s most valued startup Flutterwave, told customers via email that they would not be able to access its virtual dollar card service from July 17. Hence, customers would be unable to create new virtual dollar cards, fund existing ones or make online and in-store payments and purchases with […]
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Coding school Holberton today announced that it has entered into an agreement to be acquired by African Leadership Group (ALG). The seven-year-old company, with physical schools across the globe in addition to its core online platform, will split in two. Holberton’s technology platform will become part of ALG’s existing ALX online learning platform and the […]
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The remittance inflows to sub-Saharan Africa over the past decade have been on an upward trajectory since 2020; last year, it increased by more than 6% to $45 billion. However, the steady rise of remittance inflows to the region hasn’t made this activity cheaper. According to the World Bank, sub-Saharan Africa remains the most expensive […]
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Flutterwave has come out to deny the fraud and money laundering claims leveled against it by Kenya’s Asset Recovery Agency, which investigates and recovers proceeds of crime. This is after a total of $52.5 million in 62 accounts linked to Flutterwave and six other companies that are recipients of wire transfers from the fintech were […]
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Thepeer, an African tech infrastructure startup connecting businesses’ wallets, has raised a $2.1 million seed round led by the Raba Partnership. The news comes a year after the startup raised $220,000 in pre-seed from a handful of angel investors, including Paystack CTO Ezra Olubi and Edenlife CTO Prosper Otemuyiwa. Participating investors in Thepeer’s seed round […]
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Pan-African digital payments network MFS Africa has raised $100 million in equity and debt, additional funding that takes its Series C round to $200 million. African investment manager Admaius Capital Partners led the new round. Investors from its first Series C round like AfricInvest FIVE and CommerzVentures doubled down while the fintech also received capital […]
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