Founded in 2016, the South African startup company connects customers and fleet owners with trusted, qualified and vetted mechanics in Gauteng and Cape Town. Michanic allows users to request instant service and repair quotes from its online platform, saving up to 35 per cent compared to dealerships and independent garages in the process.
Tunisian start-up company; iCompass is using artificial intelligence to help companies across Africa and the Middle East communicate with their customers in their own languages. Founded in 2019 by Ahmed Nouisser and Hatem Haddad, iCompass specialises in natural language processing (NLP) products using the latest deep learning and reinforcement learning technologies to develop speech transcription services, automatic voice generation, and chatbot and voicebot products.
South African fintech company Ozow has raised a US$48 million Series B funding round to help it further develop its product offering and expand into new markets. Ozow which rebranded from i-Pay in April 2019 enables millions of merchants and consumers with easy, fast and secure alternative payment solutions, including QR codes, point of sale, e-commerce, e-billing and peer-to-peer payments.
CDP and marketing cloud vendor Zeta Global announced an agreement to purchase LiveIntent, which helps companies do email-based advertising. The deal will let Zeta expand its identity graph, enter the publisher monetization business, and accelerate its mobile and retail media products. Zeta will pay $77.5 million in cash and $172.5 million in common stock, with potential for additional payments based on performance.