March 2023

Cloud security vendor Mitiga lands $45M, valuing the company at over $100M

March 14, 2023

Companies moved en masse to the cloud during the pandemic, under pressure to digitally transform. According to a 2021 survey from O’Reilly, cloud adoption steadily rose across industries, with 90% of organizations using cloud computing compared to 88% in 2020. The accelerated cloud adoption led to a rise in security issues. In a recent poll […]

Cloud security vendor Mitiga lands $45M, valuing the company at over $100M by Kyle Wiggers originally published on TechCrunch

India probing ‘several’ crypto cases for money laundering, seizes over $115 million

March 14, 2023

India’s Enforcement Directorate is investigating “several” crypto cases for money-laundering schemes and has seized $115.5 million to date in such crimes, the Ministry of Finance said, the latest in a series of crackdown by the authorities on the nascent space that is already reeling from the tremulous market conditions. The Indian crime fighting agency has […]

India probing ‘several’ crypto cases for money laundering, seizes over $115 million by Manish Singh originally published on TechCrunch

How AI could write our laws

March 14, 2023
Nearly 90% of the multibillion-dollar federal lobbying apparatus in the United States serves corporate interests. In some cases, the objective of that money is obvious. Google pours millions into lobbying on bills related to antitrust regulation. Big energy companies expect action whenever there is a move to end drilling leases for federal lands, in exchange…

Nigerian credit-led fintech FairMoney acquires PayForce in retail-merchant banking play

March 14, 2023

Nigerian credit-led digital banking platform FairMoney has acquired PayForce (sub-brand of YC-backed CrowdForce), a merchant payment services that serves small businesses, as the digital lender looks to broaden its financial services proposition to merchants. Both startups declined to disclose the terms of the deal. However, according to sources, the transaction was a cash-and-stock deal in […]

Nigerian credit-led fintech FairMoney acquires PayForce in retail-merchant banking play by Tage Kene-Okafor originally published on TechCrunch

AG5 throws a lifeline to a manufacturing industry drowning in spreadsheets

March 14, 2023

You’d think that an industry like manufacturing had its own software stack, but in a lot of cases, a huge amount of getting-things-made is managed through Excel spreadsheets. The thing is, spreadsheets are great for many things, but for manufacturing, and especially on the people-management front, there simply has to be a better way, AG5 […]

AG5 throws a lifeline to a manufacturing industry drowning in spreadsheets by Haje Jan Kamps originally published on TechCrunch

MENA VC Flat6Labs’ new fund to back startups in East, West Africa

March 14, 2023

Flat6Labs is amongst the most active VCs in Africa, having invested in over a hundred startups to date, across the Middle East and North Africa (MENA) region. And now, after 11 years, the Egypt-based seed-stage accelerator is setting out on a foray into East and West Africa through a $95 million Africa Seed Fund investment […]

MENA VC Flat6Labs’ new fund to back startups in East, West Africa by Annie Njanja originally published on TechCrunch