- Plerk a digital membership employee benefits startup has merged with Minu, a compensation and benefits platform focused on financial health to bolster the worker benefits market in Mexico.Minu is an employee service platform that businesses use to offer their workers an array of benefits, such as…
- The Central Bank of Brazil has approved the launch of Meta Platforms' payments system for small and medium-sized businesses in Brazil via its messaging application WhatsApp, building on the app's existing local peer-to-peer payment system, per a Reuters report.The integrated payments system will…
- Following a challenging 2022, and a rough start into 2023 in the tech industry including geopolitical tensions, high-interest rates, supply chain disruptions, inflation and falling demands, technological innovations remain one of the only growing bright spots in the industry.However, these…
- The Middle East and Africa (MEA) personal computing devices (PCD) market saw a significant year-on-year decline in Q4 2022, with shipments totalling 5.2 million units, according to a report by International Data Corporation (IDC). The report states that the PCD shipments were down 23.6% YoY.The…
- Krenovator, the AI tech talent and placement platform, has announced the launch of Abraham, an AI Coding Assistant, on its digital Tech Talent Platform.The new tool provides users with real-time feedback and suggestions, helping them improve their coding skills more efficiently and effectively. It…
- MFS Africa, the largest payment gateway in Africa, has partnered with Western Union to allow individuals and businesses across the continent to receive money from over 200 countries and territories.In a statement shared with Techloy, MFS Africa disclosed that the service will first launch in…
- Africa's largest e-commerce platform, Jumia, has updated its terms and conditions following an investigation by the COMESA (Common Markets for Eastern and Southern Africa) Competition Commission, which found that some clauses and disclaimers were misleading and false.Jumia, which operates in 11…
- New Zealand's smartphone market made a marginal climb of 0.9% year-on-year (YoY) in 2022 to reach 1.47 million units, bucking the trend of decline that has occurred annually since 2019.The market remains dominated by international players like Samsung which remained the market leader in the
- According to a report released by digital rights advocacy group, Access Now, India has once again topped the list for imposing the highest number of internet shutdowns in the world, for the fifth year in a row.Out of the 187 internet shutdowns that were recorded globally, 84 took place
- South African telecommunications giant MTN has informed its shareholders that it expects to report a 35% to 45% increase in earnings per share (EPS) and a 12% to 22% increase in headline earnings per share (EPS) for the year ended 31 December 2022.According to MyBroadband, the company is finalising
- China is reportedly investing $1.9 billion (12.9 billion yuan) into its top memory chipmaker Yangtze Memory Technologies Co. (YTMC), according to media reports.This follows tightened US restrictions on Chinese chipmakers in recent months, citing national security concerns. The restrictions block…
- A Seoul-based startup called Indent has raised $8.1 million (10.5 billion won) in a Series A led by SV Investment.The round also welcomed participation from strategic investor LG Uplus (a telco unit of LG), Korea Investment Partners and Crit Ventures, among others bringing the outfit’s
- According to the latest Market Monitor service research from Counterpoint Research, the European smartphone market saw a 24% decline in shipments year-on-year in Q4 2022, continuing to suffer from a weak economic climate and geopolitical uncertainty.Q4 2022 was Europe's worst fourth quarter since…
- Coinbase posted a loss in its fourth-quarter financial report released last week, as the trading volume at the cryptocurrency exchange came under pressure from an industry-wide downturn triggered by a string of high-profile bankruptcies.Net revenue unsurprisingly fell YoY to $605 million in the…
- Canva, the Australian online graphic design platform, has launched Canva for Campus, a new paid subscription specifically for universities and colleges.The subscription gives students, faculty, staff, and campus administrators access to Canva’s full suite of tools, including professional and…
- Saudi venture capital firm Emkan Capital has announced the close of its inaugural $31 million fund, Emkan Capital Fund I (“ECP I”), which drew investment from institutions and businesses worldwide, with a third of capital coming from Silicon Valley.ECP I will invest in pre-seed and seed-stage…
- US payment giants Visa and Mastercard are reportedly holding off on plans to forge new partnerships with crypto firms as more headwinds hit the crypto space, according to a Reuters report citing people familiar with the matter.Both Visa and Mastercard have decided to push back the launch of certain
- Revolut, the UK-based all-in-one fintech app, has released its annual report for 2021 which shows that the company almost tripled its revenue between 2020 and 2021.This growth trajectory has helped the company reach profitability for the first time.At the end of 2021, Revolut had more than 16…
- Thailand’s PC monitor market declined by 17.6% year over year (YoY) and declined by 20.2% quarter over quarter (QoQ) at 218,000 units in Q4 22, according to the latest research from International Data Corporation (IDC).Market analysts attributed the decline to softened consumer demand post-pandemic,
- Jordan’s Innovative Startups and SMEs Fund (ISSF) has invested $5 million in Middle East Venture Partners’ (MEVP) $150 million fund, MEVF IV. The investment, which was completed in February, aims to advance the Jordanian startup ecosystem and the national economy.MEVP, a MENA-focused venture…
- Marco, a US-based provider of a tech-enabled trade financing platform, has announced the raise of $8.2 million in equity funding led by Arcadia Funds and received a $200 million credit facility from Castlelake and MidCap Financial to grow its LatAm-focused SME financing platform.Fewer than 10% of…
- OpenAI has announced that it’s now letting third-party developers integrate ChatGPT – its chatbot model and Whisper – its transcription and translation model, into their apps and services via an API.The ChatGPT creator which grew to an estimated 100 million monthly active users in 3 months and
- Are you looking to improve your negotiation skills? If so, consider getting a negotiation course online. With an online certificate program, you can learn the essential negotiation principles and hone your skills in a flexible, convenient format.Plus, having a certificate can help demonstrate your…
- Elon Musk is reportedly enlisting the help of AI researchers to develop a ChatGPT rival, the high-profile chatbot made by OpenAI, a company he co-founded, per a report by The Information.The news comes a week after Musk expressed his displeasure at OpenAI’s relationship with Microsoft saying
- Nexus Venture Partners, an Indian VC firm, has closed a $700 million venture capital round – Nexus Ventures VII – to back ‘exceptional entrepreneurs’ in India and the US at a time when startup investment has slowed down in the face of a global economic crisis.Nexus Venture
- Indian proptech unicorn NoBroker has raised $5 million from Google Corporate Development in an extended Series E round as part of Google's $10 billion India Digitization Fund announced by Sundar Pichai in 2020.The proptech had previously raised $191 million in a Series E round in 2021. This
- Una Brands, the Singapore-based e-commerce aggregator, has raised $30 million in pre-Series C financing five months after its last funding round.One thing that sets Una Brands apart from its competitors is its Asia-focused approach to e-commerce aggregation, which allows the company to operate…
- Elon Musk-owned Microblogging platform, Twitter suffered a two-hour long downtime on Wednesday as many users faced issues such as loading and retweeting posts on the timeline and responding to messages.Update: The service is now back and running.This was confirmed by Downdetector.com, a platform…
- Tesla is planning to build a new factory in Monterrey, Mexico, according to Mexican President Andrés Manuel López Obrador. The announcement confirms earlier speculation that the automaker would set up shop in the country. Notably, Tesla has agreed to use recycled water in the new factory,
- Careem, the ride-hailing service owned by Uber, will be halting operations in Qatar, leaving customers in the country in a lurch.The announcement comes as a shock since the company was part of the transportation plan for the recently concluded World Cup in Qatar, and its branded vehicles ferried…
- The global data centre CPU market’s revenue registered a 4.4% YoY decline in 2022 as macroeconomic headwinds, slowing demand and increased energy costs impacted the sales during the year, according to the latest research from Counterpoint.In the vendor category of the global data centre CPU market,
- Kenyan Assets Recovery Agency (ARA) has dropped money laundering allegations against African fintech unicorn, Flutterwave, paving the way for the release of KSh6.6 billion (~$51 million) frozen in the company's account seven months ago. The company's CEO, Olugbenga Agboola, had been working to get…
- Indonesia's smartphone market witnessed a significant shift in 2022, with premium smartphones leading the growth charge, according to Counterpoint.The report states that overall smartphone shipments declined by 12.2% YoY in 2022, but mid-range to premium smartphones experienced high growth rates.…
- Sasol, a South African chemicals and energy company has announced the creation of Sasol Ventures, a venture capital fund focused on advancing its decarbonisation and net-zero goals by investing in start-ups and early-stage technologies.The fund will direct its investments towards sustainable…
- Amwal, a Middle East-based fintech startup, has secured $2.5 million in a pre-seed funding round co-led by Shorooq Partners and Outliers Venture Capital, along with several angel investors.The company aims to transform the way money is authenticated globally by combining device identity, fraud…
- Qualcomm is working with a group of Android smartphone companies to add satellite-based messaging capabilities to their devices, per a report by Reuters.Honor, Lenovo-owned Motorola, Nothing, OPPO, Vivo and Xiaomi Corp are some of the mobile phone makers that are reportedly working with the chip…
- Chinese search giant, Baidu has revealed more details about its new intelligent chatbot, the Ernie Bot, which is built on top of the company’s large language model, ERNIE.The search giant plans to integrate the bot into its ecosystem of services, including Baidu Search, its content distribution…
- Meta, formerly known as Facebook, is joining the generative AI trend by testing AI-powered tools for its products. CEO Mark Zuckerberg announced that the company is creating a new product group to integrate generative AI into its services for its billions of users.The initial focus will be on…
- In 2022, several countries across the world witnessed a decline in smartphone sales against the backdrop of a global slowdown.Globalsmartphone sales sustained a record fall in the year, tumbling 11% year-on-year in 2022 to the lowest figure seen in nearly a decade as a slowing…
- Canada has joined the growing list of countries that have placed restrictions on the Chinese-owned social media app TikTok after it announced a ban on the Social media platform from government-issued devices on Monday, saying it presents an "unacceptable" level of risk to privacy and security.The…
- According to a report by Counterpoint’s Market Monitor Service, smartphone shipments in the Middle East and Africa (MEA) region declined 12.1% YoY to 148 million units in 2022, the lowest shipment level since 2015.This drop can be attributed to the rise in energy and agricultural goods
- Editor's Note: This guest post was written by Karolina Turowska, the Community Manager at PhotoAid, a fast-growing technology startup developing AI tools for photography.We’ve all heard about 'workation' this season – but have you heard about companies that offer it as a work
- Global smartwatch market shipments marked a 12% YoY in 2022 due to the strong YoY growth witnessed in the first three quarters of the year but slowed down in the fourth quarter of 2022 amid inflationary pressures and slow growth in India, according to recent research published by Counterpoint.In
- Asia-Pacific region retained the top spot as the most attacked region in 2022 for the second consecutive year, accounting for about a third of all incidents remediated worldwide, according to the annual IBM X-Force Threat Intelligence Index.According to IBM, the region accounted for 31% of all…
- Twitter has laid off at least 200 employees, or about 10% of its workforce, in the latest round of job cuts by the social media network, per a Reuters report.This latest round of job cuts is at least the eighth round of job cuts by the social network since
- Hope Ventures, the investment arm of Hope Fund and producer of Beban TV show, has co-invested $1 million in Parcel, a logistics solution that provides on-demand delivery services, on the eighth episode of Beban Season 2.Through Parcel’s technology platform, businesses and aggregators can easily…
- Latin America's smartphone shipments decreased 5.5% YoY in FY 2022 as consumer demand declined due to high inflation, regional political instability, and weak regional currency, according to the latest data from Counterpoint Research’s Market Monitor.In the vendor category, Samsung remained the…
- Software giant, Microsoft has announced that it is launching its next-generation hybrid cloud platform "Azure Operator Nexus" for communication service providers, according to a report by TechCrunch.The all-in-one platform, Azure Operator Nexus, will allow these telecom companies to run their…
- Munjz, a Saudi-based cloud platform for property and real estate management has announced the close of a $5 million (SAR18.75 million) Series A investment round.Founded in 2017 by Eng. Abdullah AlDaij, Munjs was focused on providing maintenance services to individuals (homeowners) through approved…
- Amazon has completed the $3.9 billion acquisition of the primary care organization One Medical, in a deal that will turn the e-commerce giant into a provider of primary medical care.The landmark deal, which was first announced last July, will provide the e-commerce giant's new medical arm
