Kenya’s Tappi is helping SMEs build an online identity in minutes

Kenyan startup Tappi is helping SMEs build their online identity in less than two minutes through a chat tool that automatically creates a webpage, which is indexed to be found online. Founded by Kenfield Griffith and Louis Majanja, Tappi allows SME owners to download its app, add their “look and feel”, and promote their business through a three-step process that goes to Google Ads, Facebook Ads, and Instagram Ads using airtime credit or mobile money.

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Addition leads US$6M seed round in Egyptian fintech Flash

July 20, 2023

Flash, an Egyptian fintech that provides cashless payment solutions for consumers and businesses through a scan-and-pay service, has raised US$6 million in seed funding led by Addition, the venture capital firm headed by former Tiger Global executive Lee Fixel. Flourish Ventures and other strategic angel investors participated in the round, which will help the startup accelerate product development and customer and business acquisition in Egypt.

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Apple and Amazon Fined $218 Million in Spain for Restricting Competition

July 19, 2023

While U.S. anti-trust regulators keep losing ground, European regulators are growing more feisty.  The latest blow came from Spain, where the competition watchdog CNMC has fined Apple and Amazon a combined $218 million for limiting Apple resellers on Amazon Spain.  While the stated purpose was to reduce sale of counterfeit goods, the CNMC found the result was to restrict competition among authorized sellers and from competing non-Apple products.

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Salesforce Buys for Automated Customer Service

September 22, 2023

Salesforce is buying, which builds low-code, AI-powered e-commerce customer service agents.  You might have thought Salesforce could already do that, but presumably Airkit does it better.  It doesn’t hurt that the company founders sold a previous business to Salesforce, the company was partly funded by Salesforce Ventures, and the product is already listed on AppExchange.  Price was not announced.

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