- According to the company, unlike rival payment service providers, Stitch’s go-to-market is built on working closely with enterprise customers to help them fully leverage its API suite to build out payment workflows.
- "Bank transfers are fast becoming the go-to payment method for a growing number of consumers in Nigeria,” says Shola Akinlade, Paystack CEO. “With Virtual Terminal, we’re making it effortless for businesses to accept in-person bank transfers quickly, while providing a dignified customer experience.”
- In a sea of startups, only a few manage to navigate the turbulent waters of the business world and emerge as beacons of innovation. So, what are the key attributes that make a startup innovative?
- This year, WhatsApp rolled out a new feature that allows users to operate one account on four devices. This feature means that malicious people can use your phone to scan a code on their laptops and will be logged into your account.
- Nigeria's minister of communications, innovation, and digital economy, Bosun Tijani, has announced plans to equip 3 million early-to-mid-career Nigerians with tech skills by 2027.
More in #TCDaily.
- Weeks after it converted all user assets into its newly minted Patricia Token (PTK), Nigerian-focused crypto company Patricia is calling for support and calm from its infuriated customers who are struggling to access their funds.
More in #TCDaily.
- “We have raised money [and] we have been working very hard to get the money back to you,"Hanu Fejiro, the company’s CEO, said at a virtual town hall meeting with users.
- In addition to the payments and remittance, MTN also launched point-of-sale devices that merge payments and other services, including airtime purchases into one device.
- Did you write the June/July NECO exams in 2023? Results are currently being released. Here's how to check yours and common errors you may encounter while checking.
- Lagos, Nigeria, is hosting a series of exciting tech events between October and December 2023. Here we highlight 5 of them you should plan to attend.
- Kuda Bank has around 200 employees and continues to expand with new hires in customer service and data science. But the shot-callers have remained fairly consistent despite some surprising exits in the last year.
- The Fintech Association of Botswana wants to provide a consolidated platform to address the needs of all fintech players in the country including banks, insurance companies, telcos, startups and regulators.
- French telecom giant Orange SA has unveiled its latest $53 million vessel, the Sophie Germain, which will help maintain global internet connectivity by repairing undersea internet cables across the Mediterranean, Red, and Black Seas.
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- Osho told TechCabal, “For these professionals, getting a custom PC is often the difference between being able to undertake a project or not. Delays in getting custom PCs imply that many hours are lost in productivity as a slower system means longer waiting time.”
- "We’ve done a lot of training and accelerator programmes and while they have been instrumental to our learning, they’re often overwhelming. You can only do as much training and what is key is to have financial backing."
- Enza Capital, a Kenyan-based Venture firm has raised $58 million to support startups on the continent alongside a new shared ownership model that affords founders ownership of the VC firm. Enza Capital, a pan-African venture firm has closed $58 million across two funds to back African startups.…
- In this edition of #EnteringTech, three founders tell us why marketing talents should wear multiple hats in startups. While they all agree it's got its pros and cons, the founders say that working in several capacities is unavoidable at startups.
- “Unfortunately, 54Gene could not continue to operate financially, and it began to wind down in July,” Chiarello told TechCabal. It is the first official confirmation from anyone connected to 54Gene of the company’s closure.
- Yesterday, TechCabal exclusively reported that logistics firm Sendy was going into administration. A document seen by this publication on Wednesday showed that Peter Kahi of PKF Consulting (K) Limited is the appointed administrator.
- Nigerian startup Risevest announced its acquisition of digital trading startup Chaka for an undisclosed sum. Meanwhile, Kenyan startup Sendy is in the hands of an independent administrator who will help secure its future.
More in #TCDaily.
- The Office of the Data Protection Commissioner (ODPC) has fined three entities a total of KES 9.3 million ($63,500) in a move set to further enforce sanity in the online lending space in the country.
- Months after conversations began between both companies, TechCabal can now confirm that fintech startup Risevest has fully acquired digital trading startup Chaka.
- On September 26, members of the Botswana Kombi and Taxi Association asked the Department of Road Transport and Safety (DRTS) to ban the ride-hailing platform inDrive. The taxi association claimed that inDrive, launched in Botswana in December 2019, is operating without the necessary licences.
- Sendy, a logistics startup based in Kenya, has entered into administration, TechCabal reliably learned. Going into administration means that the company is facing financial difficulties and is seeking protection from its creditors while developing a restructuring plan.
- The Brazilian unicorn, which provides payment solutions for emerging markets, is expanding its presence in Africa to eight more African countries: Ivory Coast, Egypt, Ghana, Morocco, Senegal, Tanzania, Uganda, and Zambia.
More in #TCDaily.
- uLesson’s founder, Sim Shagaya, explains why the company launched physical centers in 2021 and its quick decision to shut them down six months later.
- UK-headquartered research firm, Juniper has reported that the global eSIM market will increase from US$4.7 billion in 2023 to US$16.3 billion by 2027, driven by the adoption of eSIM-enabled consumer devices.
- The United States Millennium Challenge Corporation has inked a $60 million deal with Kenya. This agreement will finance four mobility projects, including the purchase of electric BRT buses.
- Access Bank posted profits of ₦135 billion in the first half of 2023. Compared to other tier-1 banks like First Bank, GTCO, and Zenith who doubled their profits in the same period, the result is not impressive
- SASSA has established multiple channels to provide assistance efficiently and effectively. Here we explore the different ways you can contact SRD SASSA for help.
- “Sometimes, even when they have apps like Flo, they can’t read clearly or fully understand because it’s too complicated. We break the information down and speak to them in local Nigerian languages that they understand better."
- KPLC self-service offers a range of services, from registering your account to paying bills and tracking your consumption. Read more about using the service here:
- In the last six months, MultiChoice shareholders have lost a cumulative R32 billion (~$23 million) in their investment in the pan-African broadcasting giant.
- Since Jumia set up shop in Africa, it hasn't been profitable. According to the company's report, it lost $167 for every $100 it earned. What are the new CEO's plans for profitability?
- When DPIs enable service delivery, it means that there are improved possibilities for savings in the cost, time, and processes it takes to access government (and other) services.
