Kotani gets US$2M pre-seed to help African workers send money home via crypto — without the internet

Nairobi-based Kotani Pay is a crypto payments startup with a vision to make cross-border remittances easier for the large underbanked populations in Africa. The two-year-old startup is targeting a use case that concerns the livelihood of hundreds of millions of people including in Kenya, Ghana, Zambia and South Africa. The startup, which has closed a $2 million pre-seed funding round led by P1 Ventures, with participation from a number of investors including DCG/Luno and Flori Ventures, plans to further expand to Rwanda, Senegal, Ivory Coast, Tanzania and Nigeria.

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LocalGlobe and Pronomos Capital back Itana to pave the way for Africa’s first digital free zone

September 7, 2023

Talent City, now known as Itana, has raised a US$2 million pre-seed, money it intends to use to establish a digital free zone. Itana, founded by CEO Luqman Edu, COO Coco Liu and  ex-Andela and Flutterwave co-founder, Iyin Aboyeji, a founding investor, is primed to be Africa’s first digital free zone. The founders say the funding will support the startup’s efforts to improve Nigeria’s ease-of-doing-business index, drive foreign direct investment (FDI), and catalyze employment in Nigeria.

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Microsoft Lets Publishers Block Bing Chat Separately from Bing Search

September 26, 2023

Nearly one-third of major news publishers have blocked generative AI tools from reading their content.   But that’s a drastic measure which could also exclude their results from conventional search engines.  Microsoft has just given publishers the option to block access by Bing Chat without also removing their content from search results.  We’ll see if competitors do the same.

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