Last year, MaxAB, the food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, raised its $55 million Series A in two tranches; the latter accompanied its acquisition of the Morocco-based and YC-backed WaysToCap. The moves signaled MaxAB’s ambition to dominate Egypt’s and North Africa’s B2B retail … Read more
Munich-based software and services vacation rental startup, Holidu, has topped up its coffers with an oversubscribed €104 million (~$102M) Series E funding round of equity and debt, led by existing investor 83North, after seeing its year-over-year revenue grew 100% in 2021. The round saw a mix of other existing and new investors chipping in, including … Read more
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The Logitech Crayon, complete with USB-C charging port. | Image: Logitech Logitech has released an updated version of its Crayon stylus to coincide with the announcement of Apple’s new iPads. The new stylus costs the same as the old model, $69.95, but now features a USB-C charging port rather than Lightning — a helpful change … Read more
The kingdom of Eswatini is considering the introduction of a central bank digital currency (CBDC), joining the growing list of African countries exploring the viability of an e-currency. The Central Bank of Eswatini (CBE) said it has appointed German technology group Giesecke+Devrient (G+D) to research and explore the possibilities of a digital Lilangeni (the country’s … Read more
In 2018, Neil D’Souza, a software engineer by trade and previously the VP of product development at Thinkstep, came to the realization that his ten-plus-year effort to solve enterprise product challenges in the areas of sustainability, compliance and risk were having little impact. The way he saw it, they took too long, which minimized their … Read more
After ignoring the app experience on Android tablets for years, Google appears increasingly focused on turning things around. Earlier this year, the search giant introduced Android 12L, which brought an improved interface and multitasking experience to tablets and foldable. At the developer conference Google IO in May, it promised to finetune over 20 of its … Read more
Nexta, an Egyptian startup that plans to launch its banking app in the coming months, has secured a $5 million investment from eFinance Group, a state-owned provider of digital payments solutions. This news follows the $2 million pre-seed round Nexta announced this March, which Egyptian early-stage VC Disruptech led. Last year, Nexta obtained a provisional … Read more
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Whon Namkoong, the co-chief executive of Kakao, has resigned after a fire incident at an SK C&C data center in the south of Seoul caused a mass outage over the weekend and disrupted Kakao’s several services, including messenger, ride-hailing, payment, banking and gaming. Namkoong, who joined Kakao in 2015, was elevated to the co-CEO role … Read more
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