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Nigeria’s Remoto launches e-car service venture. 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 Remoto launches e-car service venture

Nigeria’s Remoto has launched its e-car service venture, connecting car owners with service workshops within the metropolis.

The startup seeks to provide individuals and fleet owners access to certified service workshops via its online platform.

It was gathered that the startup was founded in 2021, and has grown to establish Remoto three products.

Remoto’s users can now choose to sign up for its car repair insurance, uptake an annual maintenance contract, or enter into on-demand repairs.

Speaking on the development, Richards Ijebor, Remoto’s chief executive officer (CEO), lamented the need for the service as premium car service is expensive.

“The cost of accessing premium vehicle maintenance services in a standard workshop is very expensive and beyond the reach of most vehicle users, who are left with no choice but to use cheap technicians who most of the time make use of counterfeit spare parts,” he said.

“Also, businesses spend twice as much as individuals to maintain their vehicles. This is a problem Remoto car repair insurance and annual maintenance plan will solve,” the CEO added.

Tech Trivia: Which organization manages domain name registration services?
B InterNIC
Answer: See end of post

2. Egypt’s Homzmart acquires German tech company MockUp Studio

Homzmart, an Egyptian startup, has finalised the acquisition of Berlin-based technology company, MockUp Studio.

READ ALSO: E-commerce startup, Afrikrea, closes $6.2m pre-Series A round

The development comes as the Egyptian company looks to add to its product offering.

Homzmart is one of the Middle East’s leading furniture and home goods marketplace platform, and was founded in 2020 by Mahmoud Ibrahim and Ibrahim Mohamed.

The startup operates as a digital platform connecting home goods and furniture manufacturers and brands with end consumers.

In 2021, the startup closed a US$15 million Series A funding round, and tripled in size over the course of the year.

The acquisition of MockUp Studio will make it possible for the furniture company’s users to visualise their furnished home in minutes.

3. Capital Appreciation Limited acquires Responsive Technology

South Africa-based fintech venture, Capital Appreciation Limited has consolidated the acquisition of the Responsive Technology group.

The acquisition was billed at R48,68 million, and included 100% of both Responsive Tech Proprietary Limited and Responsive Digital Proprietary Limited, and 71% of Rethink Digital Solutions Proprietary Limited.

According to local media, Responsive Technology is a digital solutions group that designs and develops digital applications with clients across South Africa, the USA, Europe and the United Kingdom.

The company claimed to have served leading companies in South Africa to include Brambles Limited (CHEP), Capitec, Coronation, Experian, MoneyGram, Nedbank and Old Mutual.

In addition, Capital Appreciation is expected to subscribe for 20% of the issued shares in Regal Digital B.V., a related party technology company located in the Netherlands, for a cash investment of €500,000 (R8,5 million).

Trivia Answer: InterNIC

Stands for “Internet Network Information Center.” The InterNIC is an organization created by the National Science Foundation to provide Internet information and domain name registration services. While the InterNIC was started as a joint effort between Network Solutions and AT&T, it is now run by the Internet Corporation For Assigned Names and Numbers (ICANN).

While the InterNIC still monitors domain names and provides WHOIS data, the domain name registration process has been relinquished to commercial domain registrars. Public information regarding domain names, registrars, and other Internet-related data can be accessed at the InterNIC website.

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