Taxify has announced it’s changing its name to Bolt saying this is in line with firm’s broader vision of the fast-evolving transportation industry. Speaking on why the company chose to make the change, Markus Villig, CEO and co-founder, said, “Taxify launched five years ago with a mission to make urban transportation more convenient and affordable. […]
Read MoreE-commerce firm Jumia has filed for an Initial Public Offering on the New York Stock Exchange (NYSE), which will make it the first African technology company to list on the exchange. The timeline of the listing and share price of the IPO has, however, not been stated in the SEC filing application. In its SEC […]
Read MoreNigerian fintech, One Finance Limited has has secured a $5M debt facility for its consumer facing platform, Paylater enabling it to migrate to full digital bank. The facility comes from New York and Nairobi-based Lendable, a technology-enabled funding provider to African consumer and SME lenders. The debt facility will be used to deploy more loans […]
Read MoreSomali startup Gulivery, which provides delivery services to restaurants, shops and e-commerce platforms, has added e-hailing functionalities to its platform. Gulivery developed a mobile app that allowed people to order meals and groceries from restaurants and supermarkets, and have them delivered to their doors by the startup’s delivery partners. The startup was launched in 2017 […]
Read MoreUber said it has extended its Partner Injury Protection cover for driver-partners to include a daily payment benefit. According to a statement by the firm, since 2017, Uber driver-partners and riders in Nigeria have been protected on the road. It said with the new update, driver-partners in Nigeria would now have more peace of mind […]
Read MoreThe Mastercard Foundation in partnership with BFA has released the Digital Commerce and Youth Employment in Africa, new research that shows 80 million young people will benefit from the rise of digital commerce in Africa by 2030. These findings indicate that the digital commerce sector has the potential of disrupting the future of work on […]
Read MoreStandard Chartered has completed a simultaneous multi-market launch of its digitally-led retail banks in Tanzania and Ghana, with Kenya’s roll out scheduled to occur shortly. This follows the launches of the Bank’s digital offering in Uganda in January this year and Côte d’Ivoire in 2018. The expansion is part of the Bank’s overarching digital transformation […]
Read MoreUsers of mobile ticketing will total 1.9 billion by 2023, up from 1.1 billion in 2019. In comparison, the total number of digital ticketing users across mobile, online and wearable channels, will reach 2.2 billion by 2023. According to Juniper Research latest report,Mobile & Online Ticketing: Transport, Events & Contactless 2019-2023, mobile ticketing has become […]
Read MoreRetailers are set to lose some $130 billion in digital CNP (Card-not-Present) fraud between 2018 and 2023, according to latest figure Juniper Research. The new study highlighted that increasingly complex approaches by fraudsters, alongside retailers’ intertia in adapting to new fraud prevention requirements, would be key factors behind the increases in fraud transaction value. The […]
Read MoreMoroccan B2B e-commerce startup WaystoCap is busy expanding in the West African region having opened offices in Burkina Faso and Togo to add to its existing operations in Benin. WaystoCap allows African businesses to buy and sell products, helping them to discover products, verify them, obtain financing and insurance, manage their shipments, and ensure payments […]
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