LATEST TECH NEWS: Nigeria’s Indicina raises 6-figure funding round. 2 other things and a trivia you need to know today, December 10, 2020 – Ripples Nigeria
France to become first country to constitutionally guarantee abortion rights
Kenyan varsity policy requiring Muslim students to attend chapel sparks controversy
UN Commission, WHO claim more than 30,000 killed in Gaza war
Ghana’s parliament passes strict anti-LGBTQ bill
Chad deploys thousands of security forces to capital after attack on Intel HQ
Buhari destroyed Nigeria’s economy, responsible for hardship —Plateau Gov, Muftwang
EDO 2024: Fireworks begin as Idahosa writes INEC, claims he won APC primary
APC, Sylva demand disbandment of Bayelsa tribunal over alleged bias
Again, Kogi tribunal adjourns hearing of SDP’s petition challenging Gov Ododo’s election to March 14
Ondo 2024: PDP releases timetable for primaries
NGX: Investors gain N1.8tr as Nigeria’s equities market rebounds from losses
NCC reveals why SIM cards previously linked to NIN were barred
GTCO, Zenith Bank, PZ, Transcorp top lists of stocks to watch this week
NECA rejects expatriate employment levy, says it’ll discourage investment
Customs gives importers 90-day grace to regularize import duty on vehicles
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
INVESTIGATION: Uncompleted Old Enugu-Onitsha Road brings untold hardship, tears to commuters, residents of Enugu communities
FACT CHECK: Did a boy from Enugu build a bomb?
FACT CHECK: Is this a video of racist foreigner assaulting Nigerian worker in Nigeria?
FACT CHECK: Did South Africans attack Nigerians in Johannesburg after AFCON match?
FACT CHECK: Did ICJ order Israel to stop military campaign in Gaza?
FACT CHECK: Did Obasanjo say he’d rather be an Igbo man?
Arsenal hammer Sheffield Utd 6-0 in Premier League
Joshua on course to become undisputed champion, says Hearn
Rivers Utd overcome Dreams FC to book quarterfinal ticket in Confed Cup
Lobi beat Katsina Utd to reclaim NPFL top spot as Rangers seal away win
Foden double helps Man City come from behind to beat rivals United
Bolt enters North African market to challenge uber, inDrive. 2 other stories and a trivia
Mexico’s Baubap secures $120m in Pre-Series A round. 2 other stories and a trivia
TechNigeria: A weekly digest of what went down in Nigeria’s tech space
Elon Musk’s legal battle with CCDH set to commence. 2 other stories and a trivia
Bumble to cut 350 jobs amid app overhaul. 2 other stories and a trivia
Naira continues recovery at official window, trades at ₦1,534.19/$1, slumps to N1,610 in black market
Naira continues recovery, trades at N1,548/$1 at official window, slumps to N1,600 at black market
Naira’s recovery continues, trades at N1,595/$1 at official window
Drama as naira trades lower at black market than official window, N1,450/$1 to N1,609/$1
Naira slumps again to ₦1,615/$1 at official market, N1,610$1 at parallel window
Published
on
By
These latest stories from the tech space will keep you updated with trends today.
1. Nigeria’s Indicina secures 6-figure funding round
Nigerian startup Indicina has announced securing a six-figure US dollar funding round. The startup, which develops a data-driven lending platform to digitise the credit value chain, will invest the fund into product development.
Two-year-old Indicina helps both bank and non-bank lenders apply a data-driven approach to credit underwriting at scale, providing new insights into consumers and de-risking unsecured loans.
Today, the startup offers a cloud-based software to digitise the lending business, with its flagship product Originate taking an analytics-driven approach to lending.
Reviews revealed that the startup has been instrumental to the empowerment of clients in unpacking the credit value chain and digitising each step, including identity verification, credit decisioning, and disbursements and collections.
In 2019, Indicina raised US$100,000 in capital, and recently closed a new, larger six-figure round from investors including Acuity, Kepple, Itanna and Future Africa.
These underlisted letters below form the first name of a prominent tech leader
O.
L.
N.
E.
Answer: See end of post.
2. Egypt’s Trella launches offering in Pakistan
Trella, Cairo-based digital trucking marketplace has launched operations in Pakistan. The new space will become Trella’s second new market for the startup in 2020. Two year old Trella was founded to connect shippers with carriers in real-time. Speaking on the milestone of the startup, analysts noted that the startup over the course of 2019 had raised seed funding, and had been accepted into the Y Combinator accelerator. In addition, the startup has acquired a local competitor.
Read also: LATEST TECH NEWS: Ghana’s Koliko launches plan to expand across country. 2 other things and a trivia you need to know today, December 9, 2020
Before the Pakistani launch, Trella had earlier opened its market in Saudi Arabia. Speaking on the development, Saim Chaudhary, country launcher, said the highly fragmented market in Pakistan shared a number of similarities with the market in Egypt, which is reliant on traditional methods of coordination. He said: “Pakistan is one of the largest road freight markets in the MENAP region, and shows significant potential for growth, predominantly due to the burgeoning middle class and the progress of the China Pakistan Economic Corridor.”
3. AppsAfrica Awards organiser unveils names of finalists
Today, the final shortlist for the AppsAfrica.com Innovation Awards has been announced. Featuring a host of startups, the award looks to celebrate the best in mobile and tech from across Africa. Being the sixth edition of the AppsAfrica.com Innovation Awards, the initiative attracted over 500 submissions from 51 countries, with solutions launched by startups, established ventures, and corporates. Commenting on the prospect of the initiative, the board stated that the awards strive to showcase leading ventures from across the continent and provide winners with industry recognition, global publicity, and potential investment.
Meanwhile, winners will also stand a chance to participate in Africa Tech Summit Kigali in 2021. The board further stated that applications for the 12 categories were assessed and judged by an independent panel of industry experts including media, investors, and leaders from the tech ecosystem. Amongst the finalists include Kobo360 (Nigeria), Saada Tech (Kenya), Instant Vitals (South Africa), Envisionit Deep AI (South Africa), 54gene (Nigeria) in the Disruptive Innovation Award category. In the HealthTech Award category, however, the list includes Envisionit Deep AI (South Africa), Flare for Rescue by Flare (Kenya), Telecom26 and SystemOne (South Africa), 54gene (Nigeria), Wekebere (Uganda).
Tech Trivia Answer: Elon Musk
Elon Reeve Musk is an engineer, industrial designer, technology entrepreneur and philanthropist. He is the founder, CEO, CTO and chief designer of SpaceX; early investor, CEO and product architect of Tesla, Inc.; founder of The Boring Company; co-founder of Neuralink; and co-founder and initial co-chairman of OpenAI.
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
Donate Now
Nigerians risk reversal of decades of economic growth – World Bank
MR P TO FANS: Move on, get over it, there’ll never be a P Square reunion
TechNigeria: A weekly digest of what went down in Nigeria’s tech space
Nigeria’s Indicina secures $3m seed round led by Target Global. 2 other stories and a trivia
TechNigeria: A weekly digest of what went down in Nigeria’s tech space
Lagos displaces Nairobi as Africa’s top startup city. 2 other things and a trivia
Nigeria’s fintech startup Mono closes $2m seed funding. 2 other things and a trivia
Online Safety Initiative unveils winners of $1m scheme. 2 other things and a trivia
Your email address will not be published. Required fields are marked *
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light…
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard…
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a…
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures…
Ugwu Obinna’s younger sister was killed after a truck driver transporting cows rammed into her shop located at the Okpatu…
Copyright © 2021 Ripples Nigeria. All rights reserved.
