Traction Apps, a fintech startup, will lay off some employees following its recent acquisition by OmniRetail, the startup confirmed in a statement, noting that the decision was partially motivated by the acquisition. “Following the acquisition of Traction Apps, as with all mergers and integrations, we are optimising certain departments to align with our broader vision….
A fintech company, Pipe has partnered GoCardless to redefine capital access for United Kingdom (UK) businesses. While Pipe partners with software platforms to deliver embedded financial solutions for small and medium enterprises (SMEs), GoCardless is a bank payment company. Under the partnership, Pipe’s customer-friendly capital offering will be accessible via the GoCardless platform, providing simple…
HEALTH tech start-up, Tennr, has secured $37 million in funding to grow its research team, expand sales and marketing efforts to help more providers. Tennr‘s suite of specialized machine learning models are helping to read, parse, and respond to the multitude of complex, messy documents healthcare practices send one another. Tennr has scaled quickly in…
California-based ApertureData has closed its oversubscribed seed round at $8.25million for a purpose-built database for multimodal Artificial Intelligence (AI). In the race to adopt multimodal AI systems capable of processing, understanding, and generating text, videos, and images, enterprises are running into a “data crisis”. They have plenty of data assets to work with, but most…
Start-ups in Nigeria and other parts of Africa have announced a total of $138 millions’ worth of $100k+ deals last month, if equity (89per cent), debt (nine per cent) and grants (two per cent) are included in the deal. This is slightly below the average raised monthly in the previous 12 months ($159million/month). A total…
WORLD’s largest podcast distribution platform Podeo has announced a $5.4million funding round to support podcasters overcome the discoverability challenge. The Series A funding round was led by Oraseya Capital (the VC arm of Dubai Integrated Economic Zones Authority) with participation from Ibtikar Fund, Cedar Mundi Ventures, Samarium, iSME, and returning investor Razor Capital. There are…
Africa’s leading all-inclusive PR management platform, SquirrelPR, will host a specialized session at the highly anticipated #StartupSouth9 Conference. This session aims to empower startups from the South-South and Southeast regions with actionable, cost-effective public relations strategies to help them grow their businesses. This year’s conference, with: “Deep & Broad: Extending Frontiers of Technology and Economic…
