Snapchat to end Snapcash payment system
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…
Technology
Top Ten Artificial Intelligence Startups in Asia
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…
Kenya to create a local cryptocurrency?
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…
Open Banking API provider TrueLayer raises $7.5M
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…
26 finalists picked for the Pitch AgriHack competition
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…
Google betting on more on African startups and developers
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…
Timehop’s database breach affects 21 million users
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…
PayPal to buy Simility, a specialist in AI-based fraud and risk management, for $120M
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…
Apple has been fined $6.6 million for ‘misleading’ iPhone and iPad users about third-party repairs
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…
Yahoo fined Yahoo fined $335,000 for 2014 hack that impacted 515,000 UK accounts
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.…