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Cuemath raises $15 million in Series B round from Alphabet
Education start-up Cuemath, run by Cuelearn Pvt. Ltd, has raised $15 million in Series B round of funding led by equity investment fund of Alphabet Inc., CapitalG (formerly known as Google Capital), the company said in a statement on Monday.
- Categories
- Education, Investing, Technology
- Region
- South Asia
- Tags
- impact investing
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What does it mean for technology to be innately African?
Mobile and cloud may be global technologies, but African startups have explored their functionalities, shaped their applications and used them to build differentiated business models suited to their markets, writes Amrote Abdella, regional director of Microsoft 4Afrika.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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New mobile payments facility to help enhance financial inclusion in Rwanda
Rwanda’s cashless economy push has received a timely shot as regional lender KCB Bank Rwanda prepares to launch a new payment system that is tipped to expand digital and mobile banking services across the country.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Ayo Uganda Launches with two mobile based Micro-Insurance Products
MTN Uganda, in partnership with aYo, today announced innovative micro-insurance products, Recharge with Care and Send with Care. The two are the first products launched by aYo – a joint venture between MTN and MMI Holdings – announced in September last year. aYo was formulated to have a strong focus on delivering micro-insurance solutions across the African continent.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- innovation
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It Pays to Use Prepaid Cards to Deliver Services to MFI Clients: Study
There is good scope for the use of prepaid cards for delivery of value-added financial services to the clients of micro-finance institutions (MFIs), says a new study.
- Categories
- Technology
- Region
- South Asia
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Banks vs e-Wallets: Who Is Winning in Cashless India?
When two of the biggest banks in the country resist wallets from fintech start-ups, you know a few things are simmering. First, SBI disallowed its net banking users to top up third party wallets and next, ICICI blocked transactions on PhonePe, a Flipkart managed wallet that was launched in partnership with YES Bank - PhonePe allows users to link bank accounts to the smartphone through the National Payments Corporation of India's encrypted software.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech
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Nigeria: Central Bank Bars Banks From Virtual Currency Transactions
The Central Bank of Nigeria, CBN, Tuesday, banned banks from all transactions in bitcoin and other virtual currencies. A circular signed by the apex bank's director, financial policy and regulation department, Kelvin Amugo, stated that the move was necessitated by money laundering and terrorism financing risks inherent in operations of virtual currencies.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Mastercard helps expand financial inclusion in Pakistan by optimizing National ID cards with e-payment functionality
Mastercard, a leading technology company in the global payments industry, announced a strategic collaboration with Pakistan’s NADRA Technologies to optimize National ID cards with electronic payments functionality. The move will allow Pakistani citizens to carry out financial transactions and receive government disbursements by utilizing the unique 13-digit identification number of their identity card.
- Categories
- Technology
- Region
- North Africa & Near East
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