Author: Akin Naphtal

WinWire Technologies, a Data-driven Digital Engineering company, announces the appointment of John Castleman, Former CEO of Mobiquity, to WinWire’s Board of Directors. John brings over three decades of experience in the software development and services industry. His unique industry expertise and passion for technology have led several companies to drive substantial business growth. John’s perspective and leadership experience in digital transformation will be a key addition to WinWire as it continues to scale its business. READ ALSO: US Neobank Oxygen Appoints New CEO, bags $20m Series B Funding Flutterwave Secures License to Expand Operations to Egypt Biden-Harris Administration to Use…

San Francisco-based digital banking platform Oxygen has secured $20 million in a Series B funding round and appointed David Rafalovsky as its new CEO. Other investors in the round include Y Combinator, 1984.vc, Rucker Park and Possible Ventures, as well as a number of angel fintech investors. READ ALSO: Flutterwave Secures License to Expand Operations to Egypt Biden-Harris Administration to Use Technology, Announces $74 Million to Advance Enhanced Geothermal Systems CrowdStrike Former CTO Michael Sentonas Promoted to President Oxygen will use the fresh funding to invest in its product development and hire more employees as it looks to meet “growing…

Emkan Finance, a leading omnichannel fintech company owned by Al Rajhi Bank, has collaborated with IBM to develop its digital financing product for Saudi Arabia’s small and medium enterprises (SMEs). The collaboration will enable Emkan Finance to provide easy access for SMEs to acquire financial support, helping them grow and contribute to the local economy while being able to better assess and manage risks through the use of digital technology. Driven by the need for seamless financing solutions, Emkan Finance is looking to transform its operations and provide its clients with a self-service digital financing product. Emkan Finance is leveraging…

Africa is considered an emerging datacentre market. Although still growing, analysts believe the continent is not lagging and development is happening at pace. A recent study conducted by consulting and market research firm, BlueWeave Consulting valued the international datacentre market at US$206.2-billion in 2021, predicting it will reach an estimated US$ 404.9-billion by the end 2028. Africa is experiencing an increased demand for datacentres.Jonathan Duncan, Vice President: Secure Power for Anglophone Africa at Schneider Electric, says, “Whilst we’re still an emerging market, it does benefit us as we are today largely implementing tried and tested solutions, benefiting from the lessons…

Pipe Technologies, a platform that allows firms to turn their recurring revenue into up-front capital, has appointed Luke Voiles as its new CEO. The appointment was announced to the public by the company. Secondly, the firm, which was seeking a veteran CEO to take over at the firm amid a restructuring of its leadership team, has also announced the appointment of  Zilch USA CEO Albert Periu to its board of directors. READ ALSO: MTN Nigeria rolls out 588 5G sites as 4G coverage hits 79.1% in Nigeria Ouranos Technologies boosts enterprise tech with $2m Lab, appoints Olusegun Maleghemi as CIO…

A global payment solutions business, Flutterwave has secured two payment processing licences to operate in Egypt.The company said that the Payment Services Provider and Payments Facilitator licences will help it to engage Egypt’s digital payments market, which according to Statista is projected to top US$14.15-billion in 2023. Flutterwave is permitted to operate as an official digital payments service provider and collect and settle payments on behalf of clients. This gives the Nigerian unicorn a competitive edge as it will be among the few service providers in Egypt capable of facilitating both local and international payments. READ ALSO:Biden-Harris Administration to Use…

Egyptian Marketing Communication Startup Gameball Raises $3.5m Seed RoundEgypt-based marketing CRM platform Gameball has closed a US$3.5 million seed round to accelerate product commercialisation, enterprise customer acquisition and strategic hiring. Founded in 2020 by Ahmed Khairy, Ahmed El Assy and Omar Alfar, Gameball is an all-in-one customer intelligence and marketing CRM platform that helps consumer brands create personalised engagement with customers and monetise their customer base. READ ALSO: Snapple Launches fAIct Generator Powered by Technology from ChatGPT Creator OpenAI CrowdStrike Former CTO Michael Sentonas Promoted to President Biden-Harris Administration to Use Technology, Announces $74 Million to Advance Enhanced Geothermal Systems…

The U.S. Department of Energy (DOE) has announced a funding opportunity of up to $74 million for up to seven pilot projects that will test the efficacy and scalability of enhanced geothermal systems (EGS). Directed by the landmark Bipartisan Infrastructure Law (BIL), the pilot projects will use innovative technology and a variety of development techniques to capture the Earth’s abundant heat resources in diverse geologic settings. Through this investment, DOE hopes the research and development from the findings would demonstrate the growth and ultimate potential for geothermal energy to provide reliable, around-the-clock electricity to tens of millions of homes across…

Snapple®, the iconic beverage brand that delivers fun and flavorful teas and juice drinks, is proud to announce the launch of the Snapple fAIct Generator, an AI-powered tool that makes it easy to create facts about any topic. Now celebrating 20-years of Snapple Real Facts®, facts found under every Snapple bottle cap, the Snapple fAIct Generator puts fact-creation in the hands of the brand’s fans. To help share the news of this new tool, Snapple used ChatGPT to write this press release, with some light edits to make it more Snapple-y. READ ALSO: CrowdStrike Former CTO Michael Sentonas Promoted to…

New York-headquartered Alloy has launched in the UK, establishing the fintech company’s first physical location outside of its home market. Last September, Alloy raised $52m (£43.1m) in Series C capital at a $1.55bn (£1.3bn) valuation. The company has created a single API that conducts know your customer and business, anti-money laundering and compliance checking for banks and financial service companies. “The UK is one of the world’s most powerful fintech hubs, and we can’t wait to help innovative local firms unlock their potential abroad,” said Edwina Johnson, head of global for Alloy. “For too long, international expansion has involved trade-offs…