CDP Institute

iiDENTIFii, the South African-based innovative biometrics tech firm, has raised US$15 million growth capital, in what is to date, the largest African Series A in the identity verification space. The round was led by African investment company Arise whose cornerstone investors include Rabobank Partnerships, Norfund, NorFinance, and FMO.

Egyptian and MENA-focused venture capital firm Algebra Ventures has announced in a statement that it has finalized a $100 million first close and expects to reach its final close by the end of Q1 2023.

After announcing a a pre-seed investment of $625,000 in March, and becoming the first African startup to join New York’s MetaProp Accelerator in July, Nigerian proptech company, Spleet has recently announced the completion of its $2.6 million seed funding led by Los Angeles–based early-stage VC firm MaC Venture Capital.

Kaleyra, Inc., a rapidly growing omnichannel business communications platform, announced that it will be providing SMS services for Amazon Pay India as a preferred SMS provider. Kaleyra’s robust API solution, which is already integrated into the Amazon Pay platform, will trigger messages for highly critical One-Time Passwords (OTP) and confirm payment details for vendors and end users.

Mindtree Limited, launched Construction 360, a comprehensive, integrated cloud-based Salesforce solution designed to help construction organisations optimise operations and enhance productivity. Construction 360, unveiled at Dreamforce 2022, integrates Mindtree’s substantial domain experience, cloud capabilities, and NxT product suite with Salesforce’s superior Sales Cloud, Service Cloud, and other technologies.

Communications platform Iterable, which has more than 700 employees globally, has expanded into Australia and New Zealand.

Workforce management solutions provider Humanforce has acquired Ento, a management solution company used for rostering shift management, time, and attendance, leave and onboarding. Ento is used in 10,000 workplaces by more than 100,000 employees in companies including World Vision, Medibank, and Mecca.

Web traffic for Southeast Asia (SEA)’s top 10 e-commerce platforms increased by a notable 64 percent between the third quarter of 2019 and second quarter of 2022, a report showed.

Grab is launching its digibank in Malaysia and Indonesia next year. Earlier this year, GXS Bank, a joint venture between Grab and Singtel, and Kuok Brothers, was one of the five applicants which received a digital bank licence from Bank Negara Malaysia.

Carsome, Malaysia’s first tech unicorn, has been making the rounds in the last 24 hours over the possibility of a workforce reduction across all its operations in the region. The Southeast Asia’s largest integrated car e-commerce platform eventually confirmed the rumors and indicated that they are indeed going through a “optimization of workforce”, while its executive team forgoes their salaries for the remainder of 2022.