These latest stories from the tech space will keep you updated with trends today.
1. Y Combinator selects Nigeria Fintech startup Mono
p;/Silicon Valley-based accelerator Y Combinator has selected Nigerian fintech startup, Mono, into its Winter 2021 batch.
The Fintech player, Mono, through the selection, banks US$125,000 funding and further support.
Founded in August 2020, Mono helps digital businesses in Africa access their customers’ financial and identity data.
According to press, its plug-and-play technology allows customers like Flutterwave, Carbon and Indicina to access a broad range of high-quality financial data from institutions across Africa through a single API.
Abdul Hassan, founder and chief executive officer (CEO) of Mono, explained that its startup’s API enables businesses and developers to build applications that connect with their users.
He said: “Mono is the API for financial accounts. Our API enables businesses and developers to build applications that connect with their users’ financial accounts in a manner that is many more times reliable, predictable, performant, and fair than anything else available.”
Who is the richest tech genius?
A. Mark Zuckerberg
B. Jeff Bezos
C. Bill Gates
D. Michael Dell
Answer: See end of post.
2. Transcode develops app to help banks, telecoms combat fraud
Transcode shared the news with the public in a press release, where it disclosed it is currently seeking funding to scale it across the continent.
According to Transcode, iGuard is a fraud and money laundering detection engine that leverages the power of artificial intelligence (AI) to prevent and detect complex fraud, in real-time, in banking and telecommunications companies.
Adam Hassan, founder and chief executive officer (CEO) of Transcode, explained that the iGuard product is currently attracting patronage in the industry.
He said: “The application has extra analytics and link analysis modules for investigative teams and analysts. It’s currently in use in a telecommunications company and a financial services provider.”
3. Knowledge Officer launches tech fellowship programme for MENA region
The programme, which was aimed at comprehensively upskilling participants, is expected to foster innovation in the industry of tech within the Middle East and North Africa region (MENA).
Ahmed El-Sharkasy, CEO and cofounder, Knowledge Officer, who spoke on the development, expressed optimism on the future of the project.
He said: “We are very excited about launching the Tech Fellowship as part of our MENA Skills Initiative with a fantastic range of partners in the Middle East. There has never been a time where impactful and market-driven training is needed more than now.
“We promise our learners that we will do our best to help them navigate the current uncertainty due to the instability in the job market and to give them a solid opportunity not just to upskill but to have amazing job opportunities as well,” he added.
Tech Trivia Answer: Jeff Bezos ($113 billion)
In 1994, Jeff Bezos launched Amazon.com Inc. (AMZN) after leaving a well-paying job at a Wall Street hedge fund. By starting Amazon as a simple online bookseller, Bezos was hoping to cash in on the rapid growth of Internet businesses in the 90s. Yet, through the years, both he and Amazon have proved to be transformative. Today, he leads the pack with the Microsoft genius Bill Gates ($98 billion) coming next.
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...