This line-up of stories will help you discover the latest happenings around the tech world, today.
Spotify has launched a paid podcast subscriptions which will allow creators to attract listeners who are willing to pay for bonus content.
The audio platform made the announcement on Thursday in a press statement to explain the details of the new offering.
According to the release, “through Spotify’s podcast creation tool Anchor, podcasters will be able to mark select episodes as subscriber-only content, then publish them to Spotify and other platforms.”
The service was initially tested with a dozen independent creators and is now expanding to creators who had previously registered for the waitlist.
However, for the time being, Spotify is only opening up paid subscriptions to creators in the U.S., but it aims to expand internationally in the months ahead.
Tech Trivia: As of 1984, there were 1,000 Internet devices. By 1992, what count did it reach?
A. 100, 000
B. 1 Million
C. 6.42 Million
D. 100.42 Million
Answer: See end of post.
Egyptian mobile lending app Kashat has closed a funding round from Cairo Angels.
The fund comes on the heels of the company’s plan to expand its product suite and scale operations.
Founded by Sumair Farooqui and Karim Nour and launched last year, Kashat is the first nano lending mobile application in Egypt, offering short-term loans of between EGP200 (US$13) and EGP1,500 (US$95) with a repayment plan up to 61 days.
With a venture model designed to serve unbanked Egyptians, the startup throws itself into an opportunity to serve almost two-thirds of the population.
The funding partner, Cairo Angels, is a global network of angel investors focused on supporting startup opportunities in Egypt, the Middle East and Africa.
Speaking on the development, Sumair Farooqui expressed gratitude to the funding partner, noting that the new raiser will see the startup enhance its services.
He said: “We are grateful to Cairo Angels for putting their trust and faith in our mission and becoming part of our journey.
“We are excited to enter the next phase of our growth where we will continue to innovate to deliver solutions that help enhance opportunities for our users to be included in the wider financial system of Egypt.”
Legal Lens and BriefCo, two of South African innovative legal tech startups, Legal Lens and BriefCo, have announced receiving an undisclosed amount of funding.
The fund, according to media reports, comes from Imvelo Ventures, a local venture capital firm founded by Capitec Bank and Empowerment Capital Investment Partners.
Having merited the investment from the VC, Anton Baumann, executive director at Empowerment Capital and Imvelo Ventures points out the types of startups that the VC invests in.
He said: “We’re looking for South African businesses developing unique tech solutions for South African problems.
“With a combination of long-term patient growth capital, mentorship, and access to market, we aim to assist their growth locally with our corporate partners and later beyond Africa, internationally.
“A combination of commercial potential and social impact is a critical element we look for.”
Tech Trivia Answer: 1 Million
Data from the tech industry revealed that in 1992, when it was still less than 10 years after reaching the 1984 milestone of having 1,000 devices connected, the Internet was populated with 1 million devices. And only 6 years later (1998) that figure blossomed to 50 million.
This somewhat aggression led the growth to reach 1 billion in 2009 with an ever-increasing pace today as we trend toward the ‘Internet of Things’ -phones, PC, cars, watches, etc. Going by data fetched from research firm IHS, the number of connected devices well-exceeded 17 billion in 2016 with a projection to reach more than 30 billion this year (2020).
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...
Juve keep Euro hopes alive after ending Inter’s 20-game unbeaten run
Juventus ensured they remain in the race for a spot in Europe next season after they won a dramatic Serie...
BREAKING… Ndidi, Iheanacho win historic FA Cup with Leicester City
Super Eagles duo of Wilfred Ndidi and Kelechi Iheanacho have helped Leicester City to beat Chelsea in the final of...
Aribo, Balogun’s Rangers complete Scottish PL season unbeaten
Super Eagles duo of Joe Aribo and Leon Balogun have helped their club, Rangers to go unbeaten throughout the Scottish...
Champions Man City fight back to beat Newcastle in seven-goal thriller
Newly-crowned champions of the English Premier League, Manchester City came from behind to beat Newcastle United 4-3 in a thrilling...
Nwankwo returns as Rohr names 31-man provisional squad for Cameroon friendly
Simy Nwankwo was handed an invitation to the Super Eagles squad for the first since 2018, as manager Gernot Rohr...
Latest Tech News
TechNigeria: A weekly digest of what went down in Nigeria’s tech space
Today, let’s do a quick one on: • Afrinurse launch • Cyber crime via messaging apps • CDcare launch •...
Nigeria’s CDcare launches zero-interest, pay-later platform. 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 CDcare launches...
Nigeria’s ClassNG launches as open marketplace for education. 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 ClassesNG launches...
Healthtech startup launches engagement app for African nurses. 2 other things and a trivia
This line-up of stories will help you discover the latest happenings around the tech world, today. 1. Healthtech startup launches...
GirlCode partners Amazon to upskill unemployed women. 2 other things and a trivia
This line-up of stories will help you discover the latest happenings around the tech world, today. 1. GirlCode partners Amazon...
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...