Nigeria’s Anchor, a banking-as-a-service (BaaS) platform making it possible to seamlessly build financial products in Africa, has raised over US$1 million in pre-seed funding and announced its public beta launch.
Egyptian startup Sharwa has raised a US$2 million seed funding round as it launches its mobile application, which it claims is the first social commerce app in the Middle East.
India is on the cusp of a data centre (DC) revolution. Once a small, fragmented industry, colocation DCs are fast transitioning into a large, potentially consolidated industry. Buoyed by the growing demand, plans have been drawn up for over 45 DCs spanning 13 mn sq ft and 1,015 Mw of IT capacity that will come up in India by end-2025.
Martech keeps taking larger bites out of marketing budgets: 17.3% last year, 19.9% this year, 23.5% next year, and 30.9% five years from now, according to the latest CMO Survey. This despite barely more than half (56.4%) of current tools being used and nearly half (48.8%) of the survey respondents reporting worse-than-expected results. Oddly enough, marketers rate selecting marketing technologies as the thing they do best.