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.
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.
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.
Tealium has launched a suite of solutions aimed at powering AI models with rich, filtered and consented data. Tealium for AI uses existing Tealium features to support AI applications with specialized integrations, partnerships, configurations, and attributes.