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Nigeria’s Paga acquires Apposit, confirms Mexico and Ethiopia expansion

Nigeria’s Paga acquires Apposit, confirms Mexico and Ethiopia expansion Nigerian digital payments startup Paga has acquired Apposit, a software development company based in Ethiopia, for an undisclosed amount. That’s just part of Paga’s news. The Lagos based startup will also launch its payment products in Mexico this year and in Ethiopia imminently, CEO […]

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Bolt raises €50M in venture debt from the EU to expand its ride-hailing business

Bolt raises €50M in venture debt from the EU to expand its ride-hailing business Bolt, the billion-dollar startup out of Estonia that’s building a ride-hailing, scooter and food delivery business across Europe and Africa, has picked up a tranche of funding in its bid to take on Uber and the rest in […]

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2019 Africa Roundup: Jumia IPOs, China goes digital, Nigeria becomes fintech capital

2019 Africa Roundup: Jumia IPOs, China goes digital, Nigeria becomes fintech capital 2019 brought more global attention to Africa’s tech scene than perhaps any previous year. A high profile IPO, visits by both Jacks (Ma and Dorsey), and big Chinese startup investment energized that. The last 12 months served as a grande […]

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With $4B food delivery acquisition, Korea poised to enter upper tier of startup hubs

With B food delivery acquisition, Korea poised to enter upper tier of startup hubs Seoul and South Korea may well be the secret startup hub that (still) no one talks about. While often dwarfed by the scale and scope of the Chinese startup market next door, South Korea has proven over the […]

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Inside Prosus Ventures’ $4.5 billion bet on India

Inside Prosus Ventures’ .5 billion bet on India Prosus Ventures last week filed a hostile offer for British food delivery startup Just Eat, an attempt to defeat a unanimous rejection from its board and simultaneously fend off a bid from rival Takeaway. The giant Naspers spinoff said it was willing to pay […]

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Uber reports a sharp rise in government demands for user data

Uber reports a sharp rise in government demands for user data Uber says the number of legal demands for riders’ data made by U.S. and Canadian authorities has risen sharply in the past year. The ride-hailing company said the number of law enforcement demands for user data during 2018 are up 27% […]

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In the ghost kitchen race, GV-backed Kitchen United aims to kill with kindness; here’s its playbook

In the ghost kitchen race, GV-backed Kitchen United aims to kill with kindness; here’s its playbook Cloud kitchens, ghost kitchens, dark kitchens. No doubt by now you know a little about these businesses that are moving into underused or more affordable properties that can be turned into shared workspaces for the purposes […]

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Opera’s Africa fintech startup OPay gains $120M from Chinese investors

Opera’s Africa fintech startup OPay gains 0M from Chinese investors Africa focused fintech startup OPay has raised a $120 million Series B round backed by Chinese investors. Located in Lagos and founded by consumer internet company Opera, OPay will use the funds to scale in Nigeria and expand its payments product to […]

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Deliveroo launches food orders for pick up

Deliveroo launches food orders for pick up Don’t Deliveroo . The UK-based on-demand food delivery service has expanded into not actually delivering orders by offering users a pick-up option, called ‘Pickup’, as an alternative to paying a delivery fee and waiting in for lunch to arrive. The new ‘click & collection’ service […]

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Yandex is now testing a self-driving sidewalk cargo delivery robot

Yandex is now testing a self-driving sidewalk cargo delivery robot Add another one to the list of companies piloting small wheeled autonomous robots for small package and food delivery: Yandex . Russia’s search and services giant has expanded its ambitions in the world of autonomous transportation, building on its work with self-driving […]

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