March 2023

Open banking startup Abound nabs $601M to supercharge its AI-based consumer lending platform

March 6, 2023

After a slow start in the UK and Europe, open banking is catching on with fintechs, who are using APIs to access banking data and rails and using them as an alternative to traditional credit networks to build products. Now, a UK-based consumer lending service called Abound is doubling down on its ambitions in the […]

Open banking startup Abound nabs $601M to supercharge its AI-based consumer lending platform by Ingrid Lunden originally published on TechCrunch

Inside the government agency shaping the future of energy

March 6, 2023
The US government had a hand in creating some of the most iconic inventions of the last century, from personal computers to modern GPS. Now, it’s making a similar push for energy. The agency behind those breakthroughs was the Defense Advanced Research Projects Agency, or DARPA. Founded in 1958 as part of the Department of…

Nigerian B2B e-commerce startup Alerzo cuts 15% of full-time staff in second round of layoffs

March 6, 2023

Alerzo, a Nigerian B2B e-commerce platform that digitizes commerce and payments processes between FMCG suppliers and informal retailers, has laid off 15% of its full-time workforce, the company confirmed to TechCrunch. This is the company’s second round of layoffs in seven months. As a first-party e-commerce business, Alerzo had a headcount of more than 2,000 […]

Nigerian B2B e-commerce startup Alerzo cuts 15% of full-time staff in second round of layoffs by Tage Kene-Okafor originally published on TechCrunch

How to log off

March 6, 2023
Tech Review Explains: Let our writers untangle the complex, messy world of technology to help you understand what’s coming next. You can read more here. As soon as I wake up, I grab my phone to check any messages that have arrived overnight and thumb through news alerts before scrolling quickly through Twitter and Instagram. At…

Alleged security breach leaves millions of dollars missing from Flutterwave accounts

March 6, 2023

Last month, Flutterwave, Africa’s largest startup by private valuation, was involved in a hack that resulted in over ₦2.9 billion (~$4.2 million) missing from its accounts, according to local tech publication Techpoint Africa. According to the documents seen by the publication and reviewed by TechCrunch, unknown actors transferred the funds across 28 accounts in 63 transactions […]

Alleged security breach leaves millions of dollars missing from Flutterwave accounts by Tage Kene-Okafor originally published on TechCrunch