The Nigerian fintech startup company Opay raised $400 million in new financing led by SoftBank. The company started with providing customers with digital services in their everyday life, from mobility and logistics to e-commerce and fintech at cheap rates. OPay allows unbanked and underbanked users in Nigeria to send and receive money and pay bills...
Day: <span>26 August 2021</span>
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Virgin Orbit to Merge with SPAC and Go Public
Richard Branson owned company Virgin Orbit confirmed is planning to merge with SPAC (special purpose acquisitions company). According to Tech Crunch, the deal values the combined enterprise at $3.2 billion, and will provide Virgin Orbit with $483 million in cash at close, including a $100 million PIPE. The combined company will trade under the ticker...
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ZAR X Exchange Licence Suspended by South African financial regulator FSCA
South African financial regulator FSCA (The Financial Sector Conduct Authority) has suspended the license of ZAR X effective from 20 August 2021. This comes after ZARX’s non-compliance regarding the liquidity and capital adequacy requirements of an exchange. The company is not allowed to trade at the moment apart from processing transactions that were already in...
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Open Letter: Career Advice for Over 30
This one is for my people making a career change or pivoting in life, especially for those of you over 30. I know many of you are stressing yourselves out over making the “right” decisions, but the thing you’ve got to know is that there is no right or wrong. Stop asking yourself what you...
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MTN Appointed Burak Akinci as Ayoba’s new CEO
MTN has announced that it has appointed Burak Akinci as the new chief executive officer (CEO) of the instant messaging app Ayoba, effective 1 September. Akinci, who will report to the group’s chief digital and fintech officer Serigne Dioum, joins MTN from Turkcell, where he was CEO of BiP. He has over 20 years of...
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Airbnb plans to House displaced Afghan Refugees
International hotel firm Airbnb’s CEO Brian Chesky said his company is planning to offer temporary housing to 20.00 Afghan refugees following the country civil war led by the militant group Taliban. Chesky said the company will cover the costs for the housing, using funds from contributions to its nonprofit Airbnb.org and a specific Refugee...