South African ed-tech startup FoondaMate has raised US$2 million in seed funding as it aims to close global education inequality gaps using its AI-powered learning platform. The Startup has built a chat-based, AI-powered learning bot that helps students get fast, easy and safe access to study materials and help via open chat platforms such as WhatsApp and Facebook Messenger.
Nigerian fintech startup Sproutly is a virtual banking app for children under the age of 17, providing digital savings products and a debit card with built-in parental control. Sproutly provides kids with an app-based savings account and linked debit card to allow them to save, manage and spend their money, while at the same time allowing parents to control outflows and set targets via a parents app.
Appetito, the Egyptian platform that delivers groceries and household products to customers from 11 dark stores across three cities in the North African country, is acquiring Lamma, an identical startup with operations in the Maghreb regions of Tunisia and Morocco.
Reports emerged at the weekend that Salesforce was in advanced talks to acquire data management and integration platform Informatica. The deal would be Salesforce’s largest since acquiring Slack in 2021, and shares fell 7% Monday on the news. Informatica would add more advanced technical capabilities to the Salesforce product line.