Africa-focused VC firm TLcom Capital has expanded its deal flow generation into the pre-seed area while also starting to target Egyptian ventures. Founded in 1999 and with offices in Lagos, Nairobi and London, TLcom has US$350 million of assets under management across Africa and Europe, and in January 2022 announced the first close of its US$150 million TIDE Africa Fund II.
South African fintech startup Sava has announced a US$1.8 million pre-seed funding round to develop its central spend-management platform. Founded earlier this year, Sava is a spend-management platform that combines bank accounts, mobile wallets, payments, accounting integrations, and invoice and expense management tools in one platform.
Oracle cloud infrastructure has launched OCI dedicated region for India market to offer public cloud services to customers on their premises. The new offerings will help customers offer data sovereignty, latency and data residency.
Procrastinators of the world can throw a party whenever they get around to it: Google has once more pushed back complete third-party cookie deprecation. The new target is “early next year.” Reasons for the delay include concerns expressed by U.K. data regulator Information Commissioner’s Office, an ongoing inquiry by the U.K. Competition and Markets Authority, and widespread discontent in the advertising ecosystem.