These latest stories from the tech space will keep you updated with trends today.
1. AlphaCode Incubate programme selects 10 SA fintech startups
AlphaCode Incubate programme has selected 10 South African fintech startups for its ZAR10 million (US$665,000) funding scheme.
The programme is a 12-week intensive pre-incubation programme, valued at ZAR500,000 (US$33,000), including ZAR150,000 (US$10,000) in grant funding.
According to press, the initiative provides funding, guidance, co-working space and opportunities to apply for further early-stage investment.
Three out of the10 selected startups include Bento, an out-of-the-box employee perks and benefits platform; Mapha, which buys and delivers goods from any local store in your area within two hours; and OysterPay, a digital banking platform for gig workers.
Others include Melon, AgriCool, Imfuyo Technologies, MatchKit, Varibill, Chama Money, and DentX, a machine learning platform for vehicle damage repair pricing.
Pick the odd tech leader in the pack
A. Mark Zuckerberg
B. Jack Dorsey
C. Jack Ma
D. Allen Zhang
Answer: See end of post.
2. Egyptian Elmenus secures funding from David Buttress
The development, according to press, added Buttress to the startup’s board as the food startup plots aggressive expansion.
Elmenus, which was founded in 2011 by CEO Amir Allam, is a food discovery and online food delivery platform with personalised recommendations to users at the dish-level through its AI-powered food recommendation engine.
Last year, the startup raised a US$8 million Series B funding round, and today has grown quickly, launching online ordering operations and recently its own fleet service.
Buttress will bring to the board his extensive entrepreneurial and investment background, having joined Just Eat in 2006 to launch its UK business.
3. Crypto platform Luno adds US dollar stablecoin
South Africa’s leading cryptocurrency exchange platforms, Luno, has added USDC, a secure stablecoin, to its current offering for users.
Described as one of the most secure stablecoin in the market, the USDC is expected to drive more investors into the crypto venture.
Marcus Swanepoel, CEO and founder of Luno, while expressing excitement over the new add, said that cryptocurrencies were in the limelight, charging investors and traders to maximise the opportunity.
He said: “Broadening our platform with the addition of USDC is an exciting move for us and our users. With Bitcoin and others, including Ethereum, reaching all-time highs, cryptocurrencies are in the limelight and the opportunity is certainly ripe for investors and traders to take advantage.”
The new development will serve Luno customers the opportunity to store their wealth in the world’s reserve currency.
Tech Trivia Answer: Jack Ma
Jack Ma built an ecommerce product, Alibaba while other techpreneurs on the list built a social media platform. Mark Zuckerberg built Facebook, Jack Dorsey built Twitter while Allen Zhang built WeChat.
Jack Ma is a Chinese business magnate, investor and philanthropist. According to his portfolio statement, he is the co-founder and former executive chairman of Alibaba Group, a multinational technology conglomerate. Ma is a strong proponent of an open and market-driven economy.
Join the conversation
Join the conversation
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...
INVESTIGATION… Messy tales of Abia’s abandoned NDDC road projects (I)
There were feelings of excitement among the people of Ohuru-Ndoki Community when three contractors were prequalified to bid for the construction of...
EUROPA: Leicester knocked out; Man Utd, Milan through to last-16
Super Eagles midfielder, Wilfred Ndidi was in action for Leicester City in their home defeat to Slavia Prague in the...
NPFL bottom club, Adamawa Utd beat Lobi to bag first win of season
Adamawa United have secured their first win since the start of the 2020-21 season of the Nigeria Professional Football League...
Late Aubameyang winner sees Arsenal through to Europa League last-16
A late goal by Pierre-Emerick Aubameyang turned out to be all that Arsrnal needed to defeat Benfica in the second...
Abducted Adamawa Utd bus driver freed after family pays N1m ransom
The abducted bus driver, Alhaji Kabiru, of Nigeria Professional Football League (NPFL) club, Adamawa United, has regained freedom late Wednesday....
Alisson’s father drowns while swimming near holiday home in Brazil
Father of Liverpool goalkeeper Alisson Becker, Jose Becker, drowned in a lake near his holiday home in southern Brazil on...
Latest Tech News
Diool closes $3.5m in funding to expand operations. 2 other things and a trivia
These latest stories from the tech space will keep you updated with trends today. 1. Diool closes $3.5m in funding...
CcHub consolidates syndicate investments. 2 other things and a trivia
These latest stories from the tech space will keep you updated with trends today. 1. CcHub consolidates first 3 syndicate investments...
Union Bank unveils UnionX to support startups. 2 other things and a trivia
These latest stories from the tech space will keep you updated with trends today. 1. Union Bank unveils investment to...
Gebeya launches app to help freelancers land job opportunities. 2 other things and a trivia
These latest stories from the tech space will keep you updated with trends today. 1. Gebeya launches app to help...
UK COURT RULING AGAINST UBER: What implications for other cab hailing apps?
The UK Supreme Court, on Friday, February 19, ruled that Uber drivers be treated as workers, acknowledging their entitlement to...
NASA’s Perseverance rover successfully lands on Mars, sends first images
After traveling through a 292.5 million miles journey from Earth, the National Aeronautics and Space Administration’s (NASA) Perseverance rover has...