News

Afriex the cross-border payments infrastructure company processing more than $600 million in annual payment volume, today announced a new sponsor and settlement banking partnership with Global Innovations Bank (GIB).

Fintech unicorn Navi has raised $100 million from Prosus. This is the company’s first institutional funding round and the transaction is subject to customary closing conditions and regulatory approvals

Cashify is taking concrete steps towards its proposed IPO, converting into a public company and appointing independent directors. The firm has also appointed IPO bankers and is expanding overseas

Universiti Malaysia Terengganu (UMT) is offering 2 PhD by Research positions under the REViVE Project, focusing on mangrove restoration, carbon storage, and sustainable ecosystem value chains.

Chinese robot maker Unitree Robotics (688836.SS) will make its stock market debut on Shanghai's STAR Market on August 19, according to a bourse filing Monday, becoming the first general-purpose robotics company to debut in mainland China.

Startup Groq has raised $350 million as it continues to pivot from an AI chipmaker to a neocloud company that provides powerful GPUs and AI infrastructure services.

Data breaches at two shipping companies has put cryptocurrency owners with physical hardware wallets at greater risk of having their funds stolen, highlighting weaknesses in the broader tech ecosystem relied on by the crypto industry.

African defense tech company Terra Industries on Monday announced an additional $18 million in funding, bringing its seed round to $52 million. Investors in the round include Joe Lonsdale’s 8VC, Silent Ventures, and Nova Global.

Sonic Fire Tech is testing a sound-powered fire protection system, which it says snuffs out fires within seconds while also sparing properties from messy water and chemical damage.

Education advocate and Chief Executive Officer of Educare, Alex Onyia, has announced the formal registration of ISEE as the Initiative for School Excellence and Education Foundation.

Hackaholics is Wema Bank's flagship innovation programme designed to empower Africa's brightest innovators to build solutions that solve real-world challenges and create lasting impact.

A model of Ferrari’s first-ever fully electric car, the Luce, has sold for $40 million, breaking the record for the most expensive new car ever sold at auction.