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CA-based global security company Palo Alto Networks partners with Telstra, Australia’s largest telco

September 21, 2023
Palo Alto Networks has become the first dedicated cyber security company to have a technology alliance with Telstra.  The two will deliver an enhanced suite of security products and services for Australian and global business customers. The move comes at a time when cybersecurity is a top concern for global businesses and following a series of extremely high-profile breaches in Australia.
CDPI Emerging Markets

IFC leads US $5M extension round in Ivorian SaaS e-commerce platform ANKA

September 21, 2023
ANKA, an Ivorian SaaS e-commerce platform for African businesses, has raised US$5 million. The pre-Series A extension round is a mix of equity and debt; last January, ANKA, formerly Afrikrea, raised US$6.2 million. The seven-year-old startup has secured US$13.5 million from investors since its inception. In a statement, ANKA said it will use the fresh investment to strengthen product development and expand services, particularly in its key markets: Nigeria, Kenya and the U.S.
CDPI Emerging Markets

Kenyan fintech FlexPay is helping shoppers save for future purchases

September 21, 2023
FlexPay Technologies is a Kenyan fintech out to enable consumers to afford products that would have otherwise been out of reach for them. The startup allows customers to shop at partner merchants, reserve products and pay over a period of time at no added cost. It initially partnered with a Kenyan retailer during launch but scaled in 2020 and has to date grown its merchant network to 600.
CDPI Emerging Markets

UK Competition Authority Proposes Principles to Govern Generative AI

September 20, 2023
The United Kingdom’s Competition and Marketing Authority (CMA) has been pondering generative AI since back in May.  They just released their findings in the form of a 129 page report that covers the topic from a definition of foundational models through how they work through their impact on consumers.  They finish with seven proposed principles to guide model development and a promise for further discussions.
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