Author: Akin Naphtal

Silicon Valley Bank (SVB) UK has announced further Nordic expansion with the establishment of a representative office in Stockholm. SVB previously opened an office in Denmark in late 2019. SVB UK notes that their expansion into Sweden builds on its Nordic presence and will further accelerate plans to deploy capital through debt financing in Sweden’s innovation businesses, as well as venture capital and private equity funds. The move comes after SVB UK completed its subsidiary process. SVB UK hired Maria Ljungberg to lead the expansion as country director, and will be responsible for building the offering in Sweden. Ljungberg was…

Satispay— an innovative payment super network —announces a €320 million Series D investment round, led by Addition, taking its valuation to more than €1 billion. Greyhound Capital, shareholder since 2018, will follow and increase its stake in the company. Other participating investors include Coatue, Lightrock, Block Inc., Tencent and Mediolanum Gestione Fondi SGR, who all joined in 2021. The investment round proves Satispay’s mobile payment super network success, which was launched to become the everyday payment solution for consumers across Europe and has received significant market attention since its previous Series C round. Alberto Dalmasso, co-founder and CEO of Satispay,…

A waste recycling management company, RecyclePoints, in partnership with the Mastercard Foundation, has empowered 857 women and youth on waste recycling through Project DORI. The co-founder, RecyclePoints, Chioma Ukonu, revealed this recently while taking stock of the company’s achievements as part of its close-out report with the Mastercard Foundation. The Project DORI is an initiative that requires making waste recycling easily accessible to more people in underserved communities by carrying out community recycling programmes and the deployment of DORI Bins to women in communities in some states. Through Project DORI, women can deploy proprietary waste and recycling assets such as…

Microsoft is expanding its partnership with the African Development Bank (AfDB) to support Africa’s youth entrepreneurs under the bank’s Youth Entrepreneurship Investment Banks (YEIB) Initiative. Through its African Transformation Office (ATO), Microsoft will work with the bank to develop youth entrepreneurship ecosystems, create jobs and dramatically scale impact in Africa through digital inclusion. According to a joint statement released by Microsoft and the AfDB, Africa’s young population is expected to double in size by 2050, reaching 830 million. Though 10 to 12 million youth join the continent’s workforce every year, just over 3 million jobs are created, meaning large numbers…

The partnership underscores the company’s commitment to reaching more customers with fast, accessible, and reliable wireless internet solutions. In a release issued by the company, it said “Vodafone Ghana’s internet solution will keep customers reliably connected anytime they visit Total Energies service stations. It also facilitates employee efficiency and productivity, as they can work from anywhere on the business premises. Speaking on collaboration, the Director of the Enterprise Business Unit at Vodafone Ghana, Tawa Bolarin, said the initiative will allow her outfit to expand internet connectivity to its customers no matter where they find themselves. “We are particularly excited to…

September 8th, is commemorated as World Literacy Day. As proclaimed by UNESCO in 1966, World Literacy Day aims to remember the importance of literacy for individuals, communities, and societies and the need for intensive efforts for society to be literate. Now, along with the rapid development of technology accompanied by changes in people’s lifestyles, literacy is viewed not just as it was originally proclaimed, but increasingly as literacy in using and utilizing digital technology. As the leading digital telecommunications company in Indonesia, PT Telkom Indonesia (Persero) Tbk (Telkom) has a responsibility to support the development of Indonesia’s digitalization by providing…

Buy2Sell, an E-commerce platform in Asia, announced a new strategic partnership with Mastercard. The announcement is the result of a longstanding relationship where Buy2Sell will enable multiple payment types to a variety of delivery channels via a single connection through Mastercard Cross-Border Services Mastercard Cross-Border Services enable financial institutions and partners to build flexible solutions that support multiple use cases and can reach a variety of payment endpoints nearly anywhere in the world via a single connection. Mastercard’s platform plays a key role in improving world-wide connectivity and provides innovative payment applications that enable customers with the choice to route…

As part of efforts to expand its operations and create value for its stakeholders, CWG Plc has unveiled a new subsidiary – Fifthlab – a financial technology company. Speaking at the unveiling and its maiden Texcellence Conference as part of activity to mark its 30th anniversary, Mr. Philip Obioha, Chairman, Board of Directors, CWG, reiterated the company’s commitment to continue to deploy new tech solutions to grow businesses and solve individual and corporate challenges in the IT space. He noted that Fifthlab would offer unique IT services to small and Medium Enterprises (SMEs) and individuals alike. According to him, the…

Binance, a global cryptocurrency exchange has announced Ibukun Awosika as a member of its newly created Binance Global Advisory Board. The list is made up of well-known experts in public policy, government, finance, economics, and corporate governance. Ibukun Awosika, the first female chairman of First Bank of Nigeria is among the new Global Advisory Board. She is joined by Max Bacus (USA), HyungRin Bang (Korea), Bruno Bezard (France), Leslie Maasdorp (South Africa), Henrique de Campos Meirelles (Brazil), Adalberto Palma (Mexico), David Plouffe (USA), Christin Schäfer (Germany), Lord Vaizey (UK), and David Wright (Europe). The objective of the board is to…

Tech giant Samsung has partnered with Axis Bank to launch a co-branded Visa credit card in India. The Samsung Axis Bank credit card will come in two variants: Visa Signature and Visa Infinite. Both will offer cardholders 10% cashback on all Samsung products and purchases, but with different limits. Cardholders can also earn rewards on spending at partner merchants and receive other perks such as airport lounge access. Ken Kang, president and CEO, of Samsung South-West Asia, says: “The Samsung Axis Bank Credit Card, powered by Visa, is our next big India-specific innovation that will change the way our customers…