Mastercard to purchase a minority stake in MTN’s US$5.2B fintech business

Mastercard has agreed to purchase a minority stake in the fintech division of MTN Group, Africa’s largest cell phone provider, which it values at US$5.2 billion. The signing of the formal investment agreements will likely occur very soon as both parties near the end of the regular due diligence process.

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Ecommerce fraud skyrockets in Mexico: 68% increase

August 17, 2023

The recent research conducted by Signifyd, a company providing anti-fraud solutions for ecommerce, has identified an alarming increase in fraud pressure in Mexico over the last three months. Fraud pressure and fraud attempts targeting merchants increased by 68% in June 2023 compared to April of the same year. Additionally, there was a 106% increase compared to May 2022. Despite these positive figures, Mexico leads in e-commerce fraud risk in the region, with a growth of 72% per year, three times faster than the growth of electronic commerce.

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Nigerian mobility fintech Moove announces US$76M new funding to fuel growth

August 17, 2023

Nigeria’s mobility fintech company Moove, Uber’s largest vehicle supply partner in EMEA, has announced a further US$76 million in funding to fuel further global expansion. Founded in 2019 by British-born Nigerians Ladi Delano and Jide Odunsi, Moove is democratizing vehicle ownership in Africa by providing revenue-based vehicle financing to mobility entrepreneurs.

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Amperity Launches New Lakehouse Offering

May 17, 2024

Amperity has launched Lakehouse CDP,  which delivers CDP functions within “lakehouse” data stores including Snowflake and Databricks.  Amperity tools for data modeling, data quality, identity resolution, generative AI, segmentation, and performance measurement will send all results to a company’s own lakehouse rather than a separate Amperity-managed database. Modules can be used independently but the real benefit here is that Amperity is one of the few “composable” CDP vendors who offer a complete set of pre-integrated CDP functions.

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