Editor’s Observe
- Week 36, 2022
- Learn time: 5 minutes
Extra lay-offs. Extra regulatory run-ins. I actually loved Daniel’s deep dive on Jumia’s evolution past ecommerce, and I sit up for you settling into the weekend with this vital story.
Kelechi Njoku,
Senior Editor, TechCabal.
Editor’s Picks
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Risevest CEO steps downFounder and CEO of Risevest, Eke Urum, is dealing with allegations of bullying, sexual harassment, and intimidation within the office. He has been requested to step down from his position pending the results of investigations. |
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Flutterwave secures high-profile licence
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UberEats stops Soweto deliveriesUberEats has braked its wheels in 11 elements of Soweto, South Africa. Prospects can nonetheless order in-app however must go choose up their deliveries themselves. UberEats ceased supply providers within the affected areas due to security considerations. |
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SAPS summoned for doxxing rape victimsThe police additionally want policing. The South African Police Service (SAPS) allegedly leaked the names, ages, house addresses of 8 girls who had been gang-raped. The SAPS hasn’t been complying with investigations, in order that they’ve been summoned to court docket. |
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Flutterwave responds to new allegationsFlutterwave has denied allegations about recent cash laundering accusations. It mentioned the Kenyan authorities hasn’t come knocking on its door with new accusations and that it’s complying with present investigations. |
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Expertise surpasses oil in GDP contribution
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Associate Content material
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Viamo lays off many workersBecause the frenzy across the pandemic is disappearing, so are individuals’s jobs. Ghana-based Viamo, which helped NGOs talk with hard-to-reach communities through the pandemic, laid off lots of its staff. It seems that combating misinformation is not in demand. |
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Zapper and Sew crew upZapper’s clients will not must log into their financial institution accounts to pay retailers at Factors of Sale. South African fintech Zapper has partnered with funds and information API platform Sew to allow clients to make immediate digital fund transfers simply by scanning their Zapper barcode. |
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Jumia at 10In a continent the place solely half of recent companies stay standing after 5 years, Jumia has gone on to fly excessive as a unicorn. Ten years after it was based, it has advanced to develop into greater than an ecommerce firm. |
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Trevor Noah recreates a US revoltTrevor Noah, host of The Day by day Present with Trevor Noah, uploaded a satirical recount of the revolt by Trump supporters to VoiceMap. VoiceMap is an app that tells you tales about your location. Anybody visiting the US Capitol can relive the occasion by him. |
Who introduced the cash this week?
- Kenya’s Pezesha raised$11 million in a pre-Sequence A spherical from Girls’s World Banking Capital.
- Duplo, a Nigeria-based firm, raised an preliminary funding spherical value $4.3 million from a coalition of buyers together with Liquid2 Ventures, Soma Capital, Tribe Capital, Commerce Ventures, Basecamp Fund and Y Combinator.
- Nigeria-based fintech Gray raised $2 million in seed funding led by Y Combinator.
- Nigerian fintech firm, Anchor, raised $1 million in pre-seed funding.
- Octiv, a South African health software program firm, raised an undisclosed sequence A funding spherical from Knife Capital.