These latest stories from the tech space will keep you updated with trends today.
1. FlexClub launches drive-to-buy model
Local car tech startup FlexClub has launched the ‘Drive Now, Buy Later’ model in partnership with South African car rental company, Avis.
The new subscription service, according to reviews, will allow locals to purchase cars in Mexico and South African markets.
Speaking to news men, the board noted that the tech startup has completed the creation of the platform to allow South Africans purchase or rent vehicles at a subscription fee, which is all-inclusive of both insurance and maintenance.
However, depending on driving behaviour, subscribed members of FlexClub will receive a car that will decrease in purchase price over time. Explaining further, Ramasela Ganda, CEO of Avis SA noted that the partnership with FlexClub addresses the need for transport solutions in South Africa.
He said: “The Drive Now, Buy Later model is an innovative offering that comes at a time where customers are in need of flexible mobility solutions that cater to their ever-evolving needs. Avis South Africa is proud to be the first to partner with FlexClub on this subscription offering, as we Try Harder to continuously delight our customers.”
Which of these is the first web-based e-mail service?
B. Yahoo Mail
D. Rediff Mail
Answer: See end of post.
2. Fundrr wins SME finance company of the year award
Earlier celebrated as Fintech industry disruptor, Fundrr, has been awarded the title of SME finance company of the year at the CorporateWire Prestige Awards.
Idan Jaan, co-founder of Fundrr, while speaking on the award, described it as a feather in cap, expressing excitement over the win.
He said: “This is a major feather in our cap, and we are extremely honoured to have been acknowledged by the international Prestige Awards.”
This year, the prestigious award recognises and celebrates SMEs that have overcome their competition and thrived in their respective industries with proven growth and success over a period of 12-months.
The startup has been reputed as a fintech that provides funding to SMEs. For the award, it was nominated for the illustrious award by public vote and by the award’s judging panel who was reportedly impressed with Fundrr’s ‘personal touch, consistency of reviews, and overall attentiveness.’
3. Social gaming platform Rec Room closes $20 million Series C
Rec Room, a social gaming platform, has announced closing new funding as it aims to bring its once VR-centric world to every major gaming platform out there.
The startup closed a $20 million Series C led by Madrona Venture Group with participation from existing investors, including First Round Capital, Index, Sequoia and DAG.
After years serving as a social hub and gaming platform for virtual reality users, the company, in recent years, tried to scale its ambitions past being known as the “Roblox of VR” and scale its capabilities to meet its young user base.
CEO Nick Fajt estimates that the company has tripled its total audience since this time last year as the company has made a concerted drive on new platforms.
According to press, one of the company’s big aims heading into the new year is scaling their creation tools, which allow players to build their own experiences inside the game.
Tech Trivia Answer: Hotmail
Hotmail service was founded by Sabeer Bhatia and Jack Smith in 1996, and was acquired a year later (1997) by Microsoft for an estimated $400 million. Upon acquisition by Bill Gates, it was further developed into a personal information manager web app from Microsoft consisting of webmail, contacts, tasks, and calendaring services under a new name: OUTLOOK.
Before the name change, however, it was first relaunched as MSN Hotmail, and later rebranded to Windows Live Hotmail which was featured as part of the Windows Live suite of products. Microsoft phased out Hotmail in October 2011, relaunching the service as Outlook.com in 2012.
Join the conversation
INVESTIGATION….N.3bn down the drain: Why water projects for Enugu communities don’t work
In this concluding part, ARINZE CHIJIOKE talks about some of the projects that are serving the people and how various WASH programmes have failed to tackle...
INVESTIGATION…PARKVIEW ESTATE: Exclusive images of how billionaire property developer incurred Lagos govt‘s anger
Many have seen the demolished building, but not many know the circumstances that led to the teardown of the about...
INVESTIGATION… N.3bn down the drain, as Enugu communities suffer from dry taps
In November 2020, three organizations and the Enugu State government celebrated the completion of N300 million worth of projects that were expected...
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...
Portugal could host Chelsea vs Man City Champions League final
The 2021 UEFA Champions League final between Chelsea and Manchester City is likely to be held in Portugal. This was...
Aina, Maja’s Fulham relegated from Premier League
Super Eagles duo of Ola Aina and Josh Maja could not help Fulham avoid a drop from topflight football as...
Ajayi’s West Brom relegated from Premier League
Super Eagles defender, Semi Ajayi and his West Brom teammates have been relegated from the English Premier League. The club...
Real Madrid miss chance to go level with Atletico at top of La Liga
Real Madrid missed a chance to go top of the Spanish La Liga on Sunday after they were held to...
Juve’s UCL hopes under threat after stunning home defeat to Milan
Juventus’ hopes of reaching the UEFA Champions League next season was dealt a huge blow after they fell to a...
Latest Tech News
SpaceX to launch lunar mission funded with crypto. 2 other things and a trivia
This line-up of stories will help you discover the latest happenings around the tech world, today. 1. SpaceX to launch...
TechNigeria: A weekly digest of what went down in Nigeria’s tech space
It’s Saturday, again. Welcome to your favourite tech update column. Trust me to take you on a ride to catch...
Paystack launches venture in South Africa. 2 other things and a trivia
This line-up of stories will help you discover the latest happenings around the tech world, today. 1. Paystack launches venture...
Ex-US President, Trump, launches self-hosted “Twitter”. 2 other things and a trivia
This line-up of stories will help you discover the latest happenings around the tech world, today. 1. Donald Trump launches...
Nigerian govt signs MoU for nationwide deployment of 5G services
The Federal Government has signed a Memorandum of Understanding (MoU) to begin the deployment of the Fifth Generation (5G) services...
Ghana to host Jack Dorsey. 2 other things and a trivia
This line-up of stories will help you discover the latest happenings around the tech world, today. 1. Ghana to host...