Development Partners International, a British private equity firm, has led a $110 million investment in Nigerian fintech Moniepoint, elevating it to unicorn status, according to the Financial Times. Other participants in the round include Google’s Africa Investment Fund, Verod Capital, and Lightrock. Moniepoint plans to use the new capital for its African expansion, beginning with […] The post DPI, a British private equity firm, spearheads a $110 million Series C investment in Moniepoint appeared first on Tech In Africa.

Flower is a universal gesture of love, care, and affection. So, whether you are in a modern community or a traditional area, flowers can play vital roles in how you express your feelings to your loved ones. This is why various places have different uses for flowers and varying interpretations of them.   For instance, European […] The post Tips and Tricks For Perfect Flower Delivery in the UAE first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

Network International and Ant International have signed a Memorandum of Understanding to explore extending innovative digital payment solutions to businesses in the Middle East and Africa. The agreement aims to drive digital transformation and financial inclusion in the region. H.E. Jamal Abdulla AlSuwaidi, the UAE’s Ambassador to Singapore, attended the ceremony. The network intends to […] The post New MoU: Transforming Payments in the Middle East & Africa first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

Infinix Launches HOT 50 Series: The World’s Slimmest 3D-Curved SlimEdge Design Smartphone with Unmatched Durability Redefining Slim, Durable Smartphones with TitanWing Architecture for Modern, Dynamic Lifestyles Infinix, a trendy tech brand crafted for… TechCity

In 2024, Nigeria has witnessed a surge in online activity, with Google search trends reflecting the nation’s diverse interests and pressing concerns. From politics and entertainment to education and technology, the top search queries offer a glimpse into the minds of Nigerians. Here’s a breakdown of the most popular Google search For Nigeria in 2024: […] The post What Are Today’s Keyword On Google Search For Nigeria In 2024 first appeared on BizWatchNigeria.Ng.

Here’s how to easily record calls on your iPhone and where to locate the recorded calls when you are done:

Moniepoint Raises $110 Million Series C Funding Led by DPI Moniepoint raises $110 million in equity financing, marking a significant step toward expanding its digital banking services across… TechCity

iPhone users can now record phone calls, but this call recording feature has a significant 'downside' you must be very careful about. See details:

Lendsqr, a startup providing essential software for companies to launch lending businesses, will now offer clients a line of credit to enable them to issue more loans and expand their operations. Founded in 2018, Lendsqr counts Kredi, Snapcash, and Blockacash among its clients and will extend overdrafts to these businesses from a ₦1 billion fund. […] The post Fintech startup Lendsqr is launching a ₦1 billion working capital fund to support lenders appeared first on Tech In Africa.

Earthbond, a Nigerian startup that connects small businesses seeking solar solutions with providers, has secured $200,000 in pre-seed funding from Madica, an Africa-focused early-stage investment firm. This funding will enable Earthbond to onboard more small and medium businesses (SMBs), according to the company. Earthbond claims to have assessed the solar power needs of over 100 […] The post Madica invests $200,000 in Nigerian clean energy startup Earthbond appeared first on Tech In Africa.

The Future is Female Mentorship Programme, a PR and communications training initiative exclusively for female founders, has announced 20 finalists for its fifth cohort. These finalists were chosen from hundreds of applications across Africa that closed on July 31. The selected finalists represent early-stage startups in healthtech, AI, cleantech, agritech, and logistics, each demonstrating relevant […] The post The Future is Female Mentorship Programme has announced 20 finalists for its fifth edition appeared first on Tech In Africa.

Stanbic Holdings Plc, Kenya’s sixth-largest bank with a market capitalization of KES 49.14 billion ($381 million), has completed the upgrade of its core banking application, Temenos 24 (T24 R23). Last week, the bank notified its over 266,000 customers of service disruptions across its banking channels from October 19 to 21 due to the upgrade. However, […] The post Stanbic Bank Kenya completes core banking software upgrade as system glitches subside appeared first on Tech In Africa.

New data from the NCC showed Globacom had only 19.1 million active subscribers, down from 62.1 million in March. Its market share is now down to 14%

“They got the primary round at a $1 billion valuation,” one person with knowledge of the matter said, declining to be named so they could speak freely.

In today’s edition: Power outage takes Nigerian banks offline || A rise in investor-led acquisitions in Nigeria || Pick n Pay to exit Nigeria

Nigerian tech company Michofat Konsult Limited has launched Scavenge, an innovative peer-to-peer platform for trading pre-loved items. The platform addresses growing consumer demand for quality second-hand goods amid rising costs of new products. The application enables users to buy, sell, and donate pre-owned items through a secure, community-driven marketplace. Buyers can browse local listings, negotiate […] The post Nigerian App Scavenge Brings Innovation to Pre-owned Item Trading appeared first on Tech In Africa.

M-KOPA has reached a significant milestone of serving 5 million customers in Kenya, according to its 2024 Impact Report. The digital financial services company has generated over 16,000 employment opportunities and contributed Sh17.2 billion ($133.4 million) in various taxes to Kenya’s economy. Founded in 2011 by Nick Hughes, Chad Larson, and Jesse Moore, M-KOPA provides […] The post M-KOPA’s Local Production Drive Boosts Kenya’s Tech Manufacturing Sector appeared first on Tech In Africa.

Edge Growth has acquired $2.1 million to enhance its support for small and medium enterprises across South Africa through the ASISA Enterprise and Supplier Development Fund. The firm manages assets exceeding €115 million and has maintained a strong presence in South Africa’s business development sector since 2007. The company’s investment portfolio includes notable South African […] The post South African Investment Firm Edge Growth Secures Major Funding to Boost Local Business Growth appeared first on Tech In Africa.

TikTok has taken significant action across nine African countries by removing nearly 12 million videos that violated platform policies during 2024’s second quarter. Egypt led the removals with 2.7 million videos, while Nigeria and Algeria followed with 2.1 million and 1.8 million respectively. The platform’s automated technology has shown remarkable improvement, now handling 80% of […] The post TikTok’s Massive Content Cleanup Across African Nations Reveals Push for Safer Social Media appeared first on Tech In Africa.

One person with direct knowledge of the matter said Starlink wrote to the regulator to get approval for the price hike but did not wait for a response. 

If you’re looking to buy cheap phones, these five are under ₦20,000 & offer essential features. See them and prices:

How Much Is a $500 Amex Gift Card to Naira? For those curious about the value of a $500 Amex Gift Card in Naira, myridima.com offers an impressive… TechCity

A faulty circuit breaker caused the power outage, one person with direct knowledge of the matter said.

Google Photos Introduces AI Labels for Edited Images Google Photos announced it will add AI labels for edited images to enhance transparency for users. The Mountain View-based tech… TechCity

Spotify Premium Price Increases by 44% In Nigeria Music streaming giant Spotify announced a 44% price increase for its Premium subscription in Nigeria. Starting November 24,… TechCity

Meta Revives Facial Recognition to Combat Celebrity Scams Meta Platforms, Inc., led by Mark Zuckerberg, is reintroducing facial recognition technology on Facebook. The goal is to… TechCity

AUATON Urges Uber and Bolt to Reduce Driver Commissions In the drive for improved driver welfare, AUATON, the Nigerian app workers union, has urged Uber and Bolt… TechCity

Starlink Price Suspension in Nigeria: What You Need to Know Starlink, Elon Musk’s internet service company, has suspended the price increase it announced at the end of September.… TechCity

The Traction Apps acquisition, an all-stock deal, according to a spokesperson for OmniRetail, gives Traction App’s investors stakes in OmniRetail,

UBA Kenya is among 12 commercial banks fined by the CBK for various regulatory breaches, as its core capital-to-deposit ratio fell sharply from 29.46% in 2022 to 7.92% in 2023 despite narrowing its losses. 

EFT Corporation (EFTCorp) and Visa have announced a 5-year cooperation to transform Africa’s digital payment landscape. This alliance aims to increase financial inclusion and implement sophisticated payment solutions across the continent. This partnership will provide fintech with access to comprehensive prepaid and debit card programs tailored for diverse consumer needs, EFTCorp will serve as program […] The post EFTCorp & Visa Collabo to Drive Fintech Innovation in Africa first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

SpaceX-owned Starlink has reversed its decision to double base subscription prices in Nigeria, following a block by the country’s communications regulator three weeks prior. The company raised the standard residential plan with a 1 TB fair usage policy to ₦75,000 ($48) from ₦38,000 ($24). Roaming customers saw the steepest hikes, with local roaming, allowing Starlink […] The post Starlink reverses price hike in Nigeria three weeks after NCC directive appeared first on Tech In Africa.

Two people familiar with the matter said the bank has pitched SeaBaaS to MoMo, MTN’s Mobile Money business. This is consistent with the bank’s plan to save costs by building its own core banking application software and then licensing it to other banks and financial institutions.

Traction Apps, a Nigerian fintech startup, confirmed in a statement to Techpoint Africa that it will lay off some employees following its recent acquisition by OmniRetail. The company stated that the decision was partially influenced by the acquisition. “Following the acquisition of Traction Apps, as with all mergers and integrations, we are optimising certain departments […] The post Nigerian fintech Traction Apps has cut jobs following its acquisition of OmniRetail appeared first on Tech In Africa.

In today’s edition: Sterling pitches its core banking software to other banks, fintech || NCC cautions Starlink for price hike || Stanbic Kenya finalises core banking system upgrade

Open banking’s well-sold benefits—greater competition and borrower choice—may backfire if a fintech’s advantage grows too strong.