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Tanzania Slashes Controversial Mobile Money Levy
The levy charged on sending, receiving money using mobile phones drew criticism for heaping burden on people.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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The Leapfrog Opportunity in ‘Know Your Customer’ Innovation: Why Africa Needs Local, Digitized KYC Solutions
Know Your Customer (KYC) is a critical process for banks, as it enables them to validate their customers’ identities to fulfill regulatory requirements and protect against fraud. But as Timbo Drayson at OkHi explains, KYC is a big and expensive problem in Africa: For instance, in Nigeria some banks are spending up to $1 million per year to manually verify identities, and 15-30% of customers never complete these processes. He explores three key challenges to KYC in Africa, and presents some tech-driven solutions that could allow the continent to leapfrog to a new global best practice for KYC.
- Categories
- Finance, Technology
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Press Release: “Sunshot Initiative” Launched by Husk Power to Impact 2 Million Nigerians by Scaling Solar Microgrids for Rural Economic Growth
The “Nigeria Sunshot Initiative” will benefit at least 2 million Nigerians with reliable, renewable energy by 2026.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Indonesia’s Flip Raises $55 Million in Second Series B Round Led by Tencent
Flip, an Indonesia-based consumer payments platform, announced a Series B funding round led by Tencent, with participation from Block, Inc. and existing investor Insight Partners.
- Categories
- Finance, Technology
- Region
- South Asia
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SentinelOne Plans to Invest $50 Million in India, Launches Operations Centre in Bengaluru
The company today launched its 'Operations Centre' in the city to help organizations in the broader region address the growing threat of cyberattacks.
- Categories
- Investing, Technology
- Region
- Asia Pacific
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Press Release: Habi Raises $75 Million in Additional Credit Lines One Month After Closing $200 Million Series C
Habi the data-driven residential real estate platform and the leading Property Technology unicorn in Spanish-speaking Latin America, today announced an additional $75 million in credit lines.
- Categories
- Finance, Technology
- Region
- Latin America
- Tags
- data, financial inclusion, fintech
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India’s Edtech Unicorn UpGrad Raises $225 Million in Funding, Doubles Valuation
An education technology unicorn built by a cable TV-era entrepreneur almost doubled its valuation after raising $225 million in fresh funding.
- Categories
- Education, Technology
- Region
- Asia Pacific
- Tags
- edtech, venture capital
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Indonesia E-commerce Logistic Solutions Startup Biteship Secures Seed Funding Co-led by East Ventures and Beenext
Biteship, an Indonesia-based e-commerce logistic solution startup with a focus on empowering small-medium enterprises (SMEs), announced it has secured seed funding co-led by East Ventures and Beenext.
- Categories
- Technology
- Region
- South Asia
- Tags
- e-commerce, startups
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