These latest stories from the tech space will keep you updated with trends today.
1. Cairo-based fintech startup Dayra secures $3-million pre-seed
Egyptian fintech startup Dayra has announced securing $3-million pre-seed which analysts have described as the largest debt and equity Pre-Seed round in the region.
The funding comes as the startup joins Y Combinator’s (YC) Winter 21 group.
The startup stated that the Pre-Seed round was led by Tanmiya Capital Ventures, EFG EV Fintech, EFG Hermes, and Y Combinator, as well as other prominent angel investors.
Speaking on the development, founder and CEO, Omar Ekram, expressed his excitement on the milestones recorded by the startup.
He said: “We are thrilled to be part of YC’s W21 batch and to close our pre-seed round.
“This is a key milestone in realising our vision of providing the most accessible financial services solution in MENA, and delivering digital financial services to millions of financially excluded individuals, leveraging on our strategic partnership with EFG Hermes.”
Tech Trivia: The issuing company of VerveCard is a Fintech with … origin while that of MasterCard is … origin.
A. Chinese, American
B. Nigerian, American
C. Chinese, Nigerian
D. American, Japanese
Answer: See end of post.
2. Foodtech startup UCOOK expands offering for local clientele
UCOOK, a Cape Town-based foodtech company has expanded its offering, adding baby food to its existing meal kit delivery service.
The new service, according to the startup, was inspired by its vision to constantly pair excellent nutrition with healthy convenience since inception.
When asked about new market, and how the startup intends to win a market share, David Torr, CEO of UCOOK, explained that the startup looks to deliver the freshest ingredients from a range of small-scale farmers across the country.
“Excellent nutrition paired with healthy convenience has been at the heart of our operation since inception. It made sense to serve the needs of the whole family to make the lives of our primary consumers that much easier.
“We strive to deliver the freshest ingredients from a range of small-scale farmers across the country, and the ethos extends to the development of our baby range.”
He added that the ready-made baby range of food will be available for all the stages of weaning of babies.
3. Cape-Town launches Mobile business help desk for SMEs
Today, the City of Cape Town has launched the Mobile Business Hub to support the growth and recovery of the SME sector in the local economy.
Officials of the newly launched resource will be visiting several communities in Cape Town to offer onsite business support.
Dan Plato, Executive Mayor of the City of Cape Town, who commented on the implementation of the tool noted that there was need to introduce the system as the pandemic had subjected business to limitations.
He said: “It is significant that we bring this service directly to residents. Businesses are often operating directly within communities and with the Covid-19 pandemic adding limitations and pressures to the way business is done.
“Hence, we need to be more innovative to assist entrepreneurs with growing their skills and expanding their income opportunities. Now more than ever, we can offer support to enable people to start new ventures and empower themselves.
“A small business owner is feeding a family, paying school fees, and trying to create security for their family. I applaud the courage and determination needed to start a business and with the advice offered by this mobile service, we can help people create their own future. “
Tech Trivia Answer: Nigerian, American
Headquartered in Lagos State, Verve International is a Nigerian Pan-African and multinational financial technology and payment card brand owned by Interswitch Group while Mastercard is an American Fintech giant.
Join the conversation
Join the conversation
INVESTIGATION… How herdsmen crisis compounds woes of already deprived Ogun communities
Earlier in January, the Nigerian media space was awash with reports of violence between herders and farmers across the country....
Investigation… Inside Enugu markets where traders are choked by multiple taxes
In recent times, the world economy has developed tremendously and this is partly linked with activities of petty traders who...
SPECIAL REPORT: How flood-ravaged farmlands in Anambra threaten food production
Increased rainfall, as a result of climate change, has impacted negatively on many parts of the world. In Anambra State,...
INVESTIGATION… How NDDC spent N2bn on abandoned, non-existent road projects in Edo communities
In 2014, the Niger Delta Development Commission (NDDC) awarded 10 road projects worth over N2 billion in various communities in...
INVESTIGATION… Inside NDDC’s abandoned, poorly executed road projects dotting Abia communities (concluded)
In this concluding part, ARINZE CHIJIOKE discovers that apart from the Obohia-Ohuru-Aba Road, there are similar projects initiated by the NDDC in Abia State which...
Messi stars as Barca beat Bilbao to win Copa del Rey
Lionel Messi scored twice for Barcelona as they defeated Athletic Bilbao in the final of the Spanish Copa del Rey...
Chelsea end Man City’s quadruple hopes, through to FA Cup final
Chelsea have advanced to the final of the English FA Cup after beating Manchester City 1-0 in their semifinal clash...
Bayern respond to UCL exit with Bundesliga win over Wolfsburg
Bayern Munich bounced back from their defeat to Paris Saint-Germain on Tuesday with a victory over Wolfsburg in a Bundesliga...
Championship leaders Norwich make instant return to Premier League
English Championship leaders, Norwich have won promotion back to the Premier League after Brentford and Swansea failed to win on...
FIFA Ranking: Super Falcons drop to 38th in world, stay first in Africa
Nigeria senior women’s football team, Super Falcons dropped a place in the latest FIFA World ranking released on Friday. The...
Latest Tech News
TechNigeria: A weekly digest of what went down in Nigeria’s tech space
Better tagged the week of the great debate following the Twitter’s choice to situate its African headquarters in Ghana. Some...
3 easy steps to repair your damaged PDF documents
If you are here because you are having issues with your PDF file, then you are in the right place!...
Elon Musk moves to manage paralysis with brain microchips. 2 other things and a trivia
This line-up of stories will help you discover the latest happenings around the tech world, today. 1. Elon Musk vows...
Nigerian innovation hubs make list of new AfriLabs members. 2 other things and a trivia
This line-up of stories will help you discover the latest happenings around the tech world, today. 1. Nigerian innovation hubs...
Nigeria’s ShortLet adapts AI to improve business model. 2 other things and a trivia
This line-up of stories will help you discover the latest happenings around the tech world, today. 1. Nigeria’s ShortLet adapts...
Nigeria’s ScholarX partners Airtel on new product. 2 other things and a trivia
This line-up of stories will help you discover the latest happenings around the tech world, today. 1. Nigeria’s ScholarX partners...