Regions Archives - Page 26 of 41 - POCIT. Telling the stories and thoughts of people of color in tech.

Who Is Babajide Duroshola, The Ex-SafeBoda Executive, Who Joined M-KOPA To Lead Its Africa Expansion

M-KOPA, an African connected asset financing platform that provides underbanked customers in Africa to essential products including solar lighting, televisions, fridges, smartphones, and financial services, raised $75M after it clocked 2 million customers across four African markets. The “growth equity round” highlighted by M-KOPA in its press statement is its fifth equity fundraise – it has raised similar rounds of debt, too and in total, its equity raise stands at $190 million. It was previously backed by the CDC Group and Light rock took part in this round alongside LocalGlobe’s

A Win For Black Media: Big Cabal Media Raises $2.3m To Expand Its Line Of Digital Products

In 2021, venture capital invested just $115 million in digital media globally, a tenth of the $1.1billion it funded in 2015, but not much came to Africa. Digital newsrooms in Africa are reportedly said to be more likely to receive story grants than business funding, with a few exceptions like OMG Digital. Of the reported $4.3–$5 billion raised by African startups in 2021 where fintech received 53–63% of the volume, digital media companies are one of many sectors that have traditionally been overlooked in the conversation of tangible ventures. But last week Big Cabal

How These Three Black Women Volunteers Rallied Online To Help African Students In Ukraine

The BBC reported nearly a quarter of the 76,000 foreign students in Ukraine were African in 2020, citing government data. Campaigners say these students were drawn to the nation’s relatively inexpensive tuition and easy access to European labor markets. 2015 data shows that foreign students inject upwards of $500 million a year into the Ukrainian economy — almost the entire sum of the financing for the country’s public higher education, according to a former education official. Black Women for Black Lives, a new coalition focused on helping Black residents escape

Google To Support Black-Led UK Tech Startups With £3M ‘Black Founders Fund’

A £3 million cash fund for black founder-led tech businesses has been announced by Google. The Black Founders Fund, running for its second year, will be awarded to innovative European tech startups run by black founders. Recipients will need to demonstrate how they’re using technology to solve everyday problems. In return, they will receive up to $100,000, plus $200,000 in credit to use towards Google’s cloud services and advertising support, and mentoring by industry experts. “The UK is one of the most start-up-friendly environments in the world. Yet, Black start-up founders

Meta Faces Prosecution In South Africa For Allegedly Abusing Its Dominance

Social media giant Meta Platforms, Inc., formerly known as Facebook, Inc., faces prosecution in South Africa for unfairly trying to block local startups from using its WhatsApp Business Application Programming Interface (API), a government agency said Monday. It comes after the country’s competition regulator, the Competition Commission, said in a statement that it has referred Meta Platforms and its subsidiaries WhatsApp Inc and Facebook South Africa to the Competition Tribunal for prosecution for abusing its market dominance. According to Anadolu Agency, the commission alleges that Facebook in July 2020 threatened to

Nigerian Digital Bank Yep! Raises $1.5M Pre-Seed

Last week, Yep!, a “financial super app” with payments, remittance, and banking features, announced that it has raised $1.5 million in a pre-seed round led by pan-African VC Greenhouse Capital. The San Francisco- and Lagos-headquartered startup was started by Olaoluwa Awojoodu, who then teamed up with Airende Ojeomogha and Garry Ottosen to start Yep!. The startup plans to go live across the five markets where E-Settlement is present, serving digital financial services to consumers, small business owners, and merchants. They also have a mission to enhance financial inclusion by leveraging PayCentre Africa — the startup’s agent banking platform, to

Interview: The Black Woman Engineer That Built Dozens Of Computer Labs In Kenyan Schools Using Recycled Tech From The US

TechLit Africa redistributes recycled technology to build computer labs in African schools. With 4,000 students and 20 teachers, the organization has built 10 computer labs in rural Kenya and is working on the next 100 computer labs. Nelly Cheboi, who grew up in a poor rural village in Kenya, landed a full scholarship to study computer science at Augustana College in Illinois and later built a school in Kenya, Zawadi, where she then started TechLit Africa. The program is unique because it teaches relevant classes; they hire local teachers to make

From A Tech Product That Detects Cervical Cancer In Women To A Platform Helping Influencers Get Paid Quickly: Here Are The Black UK Founders That Raised Funds For Their Innovations

Only a small percentage of Black founders in the UK received VC funding between 2009 to 2019 — and none so far have received late-stage funding. But 2021 proved to be fruitful, with initiatives like Google’s Black founders’ – and others – awarding Black and minority startup founders for their innovations. One such founder, who received backing, is Erika Brodnock, the cofounder of Kami, a parental support platform that gives parents access to expert advice via a mobile app. The startup received a $67k grant from the BFF in June

YC-backed Curacel Unveils New API Platform That Enables Tech-Led Businesses To Offer Insurance

Curacel, the YC-backed startup developing insurance infrastructure for the African market, has launched a new interface that allows digital businesses like those in retail, fintech, e-commerce, and logistics to add insurance to their core products. Dubbed Curacel Grow – the new product is an embedded insurance product that empowers technology companies to seamlessly offer insurance as part of their existing products and services. The Nigerian insurtech startup is launching Grow to support insurance distribution to millions of Africans through partners like Barter by Flutterwave, Float, Payhippo, and other leading technology companies. Insurance

Google Worked With Historians From West Africa To Digitize Mali’s Contemporary Art And Cultural Sites

Google, working with historians from West Africa, has worked to digitize contemporary art, cultural and historic sites about Mali, and the digital library went live on Google Art & Culture (GAC) earlier this week, making these items available for exploration by the world. The library is available online and via Google and Apple stores apps. Launched in 2011 as a digital platform that collects the treasures, stories, and knowledge of over 2,000 cultural institutions from 80 countries, Google Arts & Culture has been documenting museums and heritage sites from across the world.

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