Nigerian mobility fintech Moove closes US$8M to expand vehicle fleet in Ghana

Nigeria’s mobility fintech company Moove, Uber’s largest vehicle supply partner in EMEA, has secured US$8 million in financing from Absa Corporate and Investment Banking (CIB), bringing its total funding to-date from the bank to US$28 million, to expand its vehicle fleet in Ghana. Founded in 2019, Moove is democratising vehicle ownership in Africa by providing revenue-based vehicle financing to mobility entrepreneurs.

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Argentina’s Kamay Ventures invests in INI, its third investment in Latam

July 13, 2023

Kamay Ventures, which also invested in the Mexican startup Retypay and Ecuadorian Altscore, has invested in INI, which has a platform for offline payments that facilitates transactions in congested urban areas as well as in regions with limited or no connectivity. It positions itself as the only company worldwide that can process payments both with and without internet connection. INI, which currently operates from the US, serves clients such as Banco Comafi, Diario La Voz, Coca-Cola Latin America, and the Arcor Group.

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Zambia’s Union54 launches chat, payments platform in partnership with Mastercard

July 13, 2023

Zambia’s Union54, a leading provider of innovative digital financial solutions, has partnered with Mastercard to launch social commerce platform ChitChat. A Y-Combinator alumni, Union54 has developed a number of tools to propel African commerce forward. The startup works with financial technology companies across Africa and has issued millions of debit cards to African consumers from almost every country on the continent.

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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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