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Nigerian Fintech Startup, Cowrywise, Raises $3 Million Pre-Series a Funding Led by Quona Capital
Nigerian wealth management startup, Cowrywise, has announced that it has raised $3 million pre-series A funding.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Western Union: Emerging Market GDP, Innovation Depend On Remittances
In the payments industry, they’re known as remittances. But for the recipients of the cross-border money transfers and peer-to-peer (P2P) payments usually associated with developing economies, they are lifelines.
- Categories
- Finance, Technology
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Nigeria’s Cowrywise Raises $3 Million Pre-Series a to Scale Its Wealth Management Platform
Cowrywise, a Nigerian fintech startup that offers digital wealth management and financial planning solutions, has raised $3 million in pre-Series A funding. Quona Capital led the round as Tsadik Foundation, Gumroad CEO Sahil Lavingia, and a syndicate of Nigerian angel investors locally and in the diaspora participated. The company previously raised more than $500,000 through a combination of equity financing and grants.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- financial inclusion, fintech, scale, startups
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Donors Back Tech Over Aid to Feed Hungry World
Food donors want to deliver cutting-edge technology to poor farmers in place of aid in a bid to cut waste, preserve precious land - and make themselves redundant.
- Categories
- Agriculture, Health Care, Technology
- Tags
- blockchain, e-commerce
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Viewpoint: Fintech Regulations, Financial Stability, and Data Privacy in India: So, What Is the Path to Go Forward?
In a recent development, the Delhi High Court received a Public Interest Litigation (PIL) from an applied economist, Reshmi P Bhaskaran, seeking to regulate the entry and operations of ‘TechFin’ platforms. Inter alia, the PIL asked the High Court to help develop a regulatory framework around the TechFin industry, also popularly known as the FinTech domain. Since then, the High Court has sought replies from various stakeholders, including the Ministry of Law, Ministry of Finance, RBI, SEBI, and NPCI regarding this issue.
- Categories
- Finance, Technology
- Region
- South Asia
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Press Release: New Report Shows Promising Improvements in off-Grid Appliance Energy Efficiency
The 2021 Appliance Data Trends report finds near-to-market products are significantly more energy efficient and affordable than they were five years ago. Televisions are 48% more efficient and 44% cheaper than 2016 models, despite increases in screen size. Similarly, fans are 49% more efficient than models assessed two years ago, with some models 2-3 times more efficient than conventional models sold in Europe.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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African Tech Startups Raise Over $700 Million in 2020 Despite Pandemic
African tech startups raised more funding from more investors than ever before in 2020 despite the Covid-19 pandemic.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
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Rwanda Moves to Stimulate Transition to Electric Vehicles on Local Market
The Rwanda Environment Management Authority (REMA) has called upon the public and private institutions as well as individuals to consider shifting to electric vehicles and join the effort to beat air pollution.
- Categories
- Technology
- Region
- Sub-Saharan Africa