Popular social media site Snapchat has announced it will be shutting down its payment feature snapcash as of 30th august, this is according to TechCrunch. “Yes, we’re discontinuing the Snapcash feature as of August 30, 2018,” the company wrote. “Snapcash was our first product created in partnership with another company — Square. We’re thankful for… Read More »
There is no doubt that Artificial Intelligence (AI) is set to change the world in dramatic ways soon. While the true potential of AI is yet to be unleashed, a few entrepreneurs are already making inroads into various industry verticals through their cutting-edge solutions. Here is a look at the top ten Asian-based artificial startups looking… Read More »
According to reports, Kenya’s blockchain & artificial intelligence taskforce has proposed a digital asset registry and a digital currency for the country citing that they can create trust. The taskforce’s chairman Bitange Ndemo asserts that the creation of a digital asset registry should come first followed by the digital currency. The digital asset registry will… Read More »
London-based startup TrueLayer has raised $7.5 million in funding in a round led by venture capital fund Northzone. This follows a$3 million series A round in June 2017. TrueLayer has built a developer platform to make it easy for fintech and other adjacent companies, such as retailers, to access bank APIs. TrueLayer offers a single platform/API to connect… Read More »
Twenty six finalists made it through this year’s Pitch AgriHack, a youth e-agriculture start-up support program of the Technical Centre for Agricultural and Rural Cooperation (CTA), that is ran in conjuction with African Development Bank (AfDB), the African Green Revolution Forum (AGRA), Women in Tech Africa, Nigeria’s Wennovation Hub and Suguba Africa. With this year’s theme “Women… Read More »
Google is expanding its regional mentorship programme for top early-stage technology startups in Africa from six to seventeen African countries barely eight months since its inception. The seventeen countries include veterans Kenya, Uganda, Tanzania, Ghana, Nigeria and South Africa, and newcomers Rwanda, Zimbabwe, Cameroon, Botswana, Senegal, Ethiopia, Cote d’Ivoire, Egypt, Tunisia, Morocco and Algeria. At stake is… Read More »
Timehop, an app that resurfaces your old photos and posts by connecting to your social media profiles, revealed that its cloud computing environment was hacked and the data of 21 million users was stolen on July 4. As a result, the company has voided all social media authorisation tokens it held, and is alerting its users. Around 4.7… Read More »
PayPal Holdings Inc (PYPL.O) has agreed to acquire fraud prevention technology company Simility, for $120 million in cash, it said on Thursday. PayPal had been an investor in Simility (it owns three percent of the company, it says), along with Accel, Trinity Ventures and others. The startup had raised just under $25 million and was last… Read More »
Apple has been fined AUS$9 million ($6.6 million/£5 million) for misleading Australian consumers about their right to get faulty iPhone and iPad devices repaired. The Australian Competition and Consumer Commission (ACCC) took legal action against Apple and on Tuesday announced that the Federal Court ordered the company to pay the fine. The action was sparked after… Read More »
Yahoo’s UK arm has been fined £250,000 ($335,000) by the UK Information Commissioner’s Office (ICO) over a data breach affecting more than 500 million users which took place in 2014. The personal data of 500m user accounts worldwide was compromised during a state-sponsored cyber attack in 2014, which was only revealed in 2016. The stolen data… Read More »
