SA startup mojaPay launches digital banking platform that will accommodate the Unbanked

South African fintech startup mojaPay has launched a new app that aims to change the way people send, receive and save money. Formerly known as digiToken, launched last year to help users buy things like electricity and airtime online, mojaPay has rebranded and upgraded to offer seamless transactions and payments for unbanked businesses and underbanked individuals.  The app allows users, even those without a bank account or smartphone, to transact without high banking charges.

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GreenTec Capital Partners invests in Nigerian mobility, logistics startups

December 2, 2021

Germany-based VC firm GreenTec Capital Partners has announced undisclosed investments in two Nigerian startups – inter-city transport company T40 and logistics platform ShapShap. GreenTec has invested in a host of African startups, including Kenyan AI startup SuperFluid Labs, Nigerian logistics startup Parcel-it, Kenyan insurtech platform Bismart, Ivory Coast-based waste management startup Coliba, Kenyan logistics platform Amitruck, and Nigerian e-commerce startup Pricepally.

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CDP SALESmango Sold to Private Equity Investors

December 1, 2021

As the festive season ramps up, perhaps we should think of corporate acquisitions as a B2B self-gift.  In that light, a pair of private equity firms have treated themselves to SALESmanago, a Poland-based but globally-sold CDP and marketing automation platform.  They claim 2,500 clients, which are mostly small businesses but include some big enterprises.  Price is undisclosed but over $100 million.

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Three-Quarters of Companies See AI/ML As Important Revenue Drivers: SambaNova Report

January 24, 2022

Do you miss those innocent days when every product announcement breathlessly reported the new system or feature was “AI-based”? If so, here’s a whiff of remembrance from AI infrastructure provider SambaNova Systems, who found that 78% of large companies rate AI and Machine Learning as important revenue drivers. Yet even they have a curiously mixed attitude, citing (in their press release) a NewVantage Partners study that found only a quarter of top companies have scaled AI/ML across their organization.

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