Caliza has secured $8.5 million funding. Founded in 2021 by Ezra Kebrab, the Brazil-based startup transforms cross-border transactions in Latin America through the use of crypto stablecoins. The company recently secured funding led by Initialized Capital, enabling them to expand their innovative payment solutions that leverage Circle’s USDC (USD Coin), according to TechCrunch. “Caliza is building global financial infrastructure that removes borders from commerce,” Kebrab wrote on LinkedIn. “I’m excited to unveil the latest including our recent $8.5M round.” Bringing Speed and Stability to Cross-Border Payments Unlike traditional transfers made
Data workers are exposing the severity of exploitation in the tech and AI industry through the Data Workers’ Inquiry. As part of the community-based research project, 15 data workers joined the Distributed AI Research (DAIR) Institute as community researchers to lead their own inquiry in their respective workplaces. Funded by the Distributed Artificial Intelligence Research (DAIR) Institute, Weizenbaum Institute, and Technische Universität Berlin, the project sheds light on labor conditions and widespread practices in the AI industry. The Plight of African Content Moderators Fasica Berhane Gebrekidan, an ex-content moderator for
Minka, a Colombian cloud-based fintech startup, has embarked on an expansion plan to bring its innovative financial solutions to Africa. This move aims to replicate its success in Latin America by addressing the continent’s financial inclusion challenges and leveraging the growing digital payments market. Launching in Eastern and Southern Africa On July 2, 2024, Minka officially launched its operations in East Africa, marking its first expansion phase. The fintech company began its journey in Kenya, Tanzania, Uganda, and Ethiopia and plans to expand to Southern African markets such as Mozambique,
Innovate Africa Fund has launched with an initial $2.5 million to support up to 20 early-stage startups over the next year, addressing challenges such as insecurity, unemployment, and poverty. Supporting Early-Stage African Startups Since 2019, the funding landscape in Africa has shown promising growth, with disclosed exits surpassing $2.3 billion. However, despite raising $17.2 billion overall, early-stage founders often need help to secure the funding necessary to transition from ideation to market fit. Innovate Africa Fund aims to bridge this gap by providing insight-driven capital to help founders accelerate their
Earlybird AI, a B2B startup that assists job seekers using innovative multilingual, voice-first AI technology, has raised £625,000 ($800,000) in pre-seed funding. The investment comes from diverse backers, including Google, Resolution Ventures, and Ada Ventures. Tackling Unemployment With AI Earlybird AI addresses a pressing issue: nearly 11 million people in the UK are unemployed, and the unemployment rate rose to 4.4% between February and April 2024. Founded by Claudine Adeyemi-Adams and Boris Bambo, the platform improves employment support by directly engaging participants through simulated voice-powered connections. Adeyemi-Adams, who experienced homelessness
Nigeria’s National Information Technology Development Agency (NITDA) has unveiled plans to establish research centers for emerging technologies across the country’s six geopolitical zones. The technologies include Artificial Intelligence (AI), Internet of Things (IoT), and blockchain, aimed to build a technology research ecosystem. Fostering Innovation and Development Kashifu Inuwa, Director General of NITDA, announced the initiative at the IoT West Africa Conference held in Lagos. Represented by Aristotle Onumo, NITDA’s Director of Corporate Planning and Strategy, Inuwa emphasized that the new research centers align with the agency’s mission to support technological
AI and satellite imagery are being used to fight spatial apartheid in South Africa, exposing stark inequalities and driving systemic change. According to MIT Technology Review, Raesetje Sefala, a 28-year-old researcher from Limpopo, South Africa, is at the forefront of using AI and satellite imagery to combat spatial apartheid. Growing up in a township, Sefala witnessed firsthand the disparities between Black townships and affluent white neighborhoods. Now, she’s using cutting-edge technology to address these injustices. Unearthing Spatial Inequities In collaboration with computer scientists Nyalleng Moorosi and Timnit Gebru at the
SOJO, a Deliveroo-style clothing repair and alterations collection and delivery app, has announced a new partnership with a major UK retailer The Black woman-owned platform will power Marks and Spencer’s (M&S) new clothing repairs and alterations service. Making clothing repairs mainstream Founder Josephine Philips was driven by a belief in a slower and more considered approach to society’s relationship with fashion, leading her to start SOJO in 2021. The collaboration with M&S aims to make clothing repairs more accessible and mainstream, aligning with both companies’ commitments to sustainability. The partnership
Meta, the parent company of Facebook and Instagram, has launched an update enabling content creators in Nigeria and Ghana to monetize their content on its platforms. This new policy, which became effective June 27, 2024, marks an important change. Previously, Facebook excluded creators with Nigerian and Ghanaian addresses from monetization unless their page was managed from an eligible country. Expansion of Monetization Opportunities This policy shift follows an announcement by Meta’s President of Global Affairs, Nick Clegg, in March 2024, confirming the rollout of monetization features in June. “Monetization won’t
Nigeria will be sending its first citizen to space as part of collaboration between its National Space Research and Development Agency (NASRDA) and Space Exploration and Research Agency (SERA), a global space agency. SERA will reserve a seat for a Nigerian citizen on an upcoming Blue Origin New Shepard suborbital spaceflight. First Nigerian in Space Announced on June 19, 2024, this initiative is part of a broader effort to include nations historically underrepresented in space exploration. “Until now, space has been an exclusive domain, with over 80% of all astronauts
