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Aleph is building a platform to reconcile disparate financial data

October 24, 2023

As cloud-based software becomes the norm for many functions inside of modern businesses, data silos are growing into an outsize problem. This is particularly true in the financial industry, where vendors are often faced with reconciling data from a diverse range of sources. According to a 2022 survey from InterSystems — which, it should be […]

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WorkMagic wants to automate all the marketing tasks for Shopify sellers

October 24, 2023

There’s no shortage of startups trying to automate marketing tasks by using generative AI. For WorkMagic, the target users are the millions of small-scale Shopify sellers who it believes can benefit immensely from cost savings in their marketing efforts. Founded in June, WorkMagic offers a full-stack platform that handles everything from image and copy generation […]

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In the wake of Dash’s closure due to fraud, 5 investors talk due diligence in Africa

October 24, 2023

It’s been a tough year for tech startups globally. These struggles have manifested in layoffs, down rounds and complete shutdowns caused by current market conditions, utter mismanagement or fraud. This August, SoftBank sued one of its portfolio companies, IRL, a social media platform poised to become an event organizing alternative for Gen Zs, for fraud. Earlier […]

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New solar mini-grids in Africa to be powered by Husk Power Systems’ $103M Series D

October 24, 2023

Husk Power Systems, a clean energy company at the forefront of fueling rural electrification since 2008 and that announced plans to launch 500 solar mini-grids in Nigeria over the next five years, has raised $103 million Series D in equity and debt to meet its objectives. The capital injection includes $43 million in equity, which […]

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Oxolo bags €13M for Gen AI-driven video platform which can optimise engagement on the fly

October 24, 2023

Much has been made of AI-powered videos which can either make a real person speak different words or other languages, or generate a synthetic person which can speak on-demand. A few years ago former football star David Beckham helped push the idea into the mainstream via a video from Synthesia, where he spoke different languages […]

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Byju’s CFO quits in six months amid delayed accounts

October 24, 2023

Byju’s CFO Ajay Goel, who joined the edtech giant in April this year, has already resigned, the two said Tuesday, in the latest setback for the startup that is grappling with scores of challenges. Goel will leave Byju’s after completing the long-delayed audit formalities for the financial year ending March 2022 and return to mining […]

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Byju’s CFO quits in seven months

October 24, 2023

Ajay Goel, who joined Byju’s as CFO in April this year, has already quit the edtech giant, the two said Tuesday. Goel will leave the firm after “completing the audit formalities” for the financial year ending March 2022 and return to mining conglomerate Vedanta, Byju’s said. Byju’s said it has appointed industry veteran Pradip Kanakia […]

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