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

TuSimple co-founder resigns, accused of poaching staff for new venture

March 14, 2023

TuSimple’s co-founder, Xiaodi Hou, resigned from the company’s board of directors last week amid an internal investigation which sought to verify claims that Hou approached TuSimple employees about leaving the company to join his new venture, per an SEC filing. Sources familiar with the matter told TechCrunch a “whistleblower” informed upper management about Hou’s solicitations […]

TuSimple co-founder resigns, accused of poaching staff for new venture by Rebecca Bellan originally published on TechCrunch

Indonesia’s Broom builds out automated asset-backed lending for used car dealers

March 14, 2023

The Indonesian used car market is on a course for growth fueled by a number of trends: the increasing digitization in used car sales; a larger variety of finance options; and the COVID-19 pandemic, which pushed the idea of private car ownership.  Broom, an Indonesia-based auto-financing startup that wants to help used car dealers work more […]

Indonesia’s Broom builds out automated asset-backed lending for used car dealers by Kate Park originally published on TechCrunch

Fortnite’s maximalism still works in its new cyberpunk season

March 14, 2023

After a handful of eclectic recent chapters, Fortnite’s latest is taking a theme and running with it. Chapter Four, Season Two of Fortnite went live over the weekend, revamping the game’s central island (which got a full makeover last season) while going full futuristic. The result is a cyberpunk fever dream, with Fortnite’s bucolic rolling […]

Fortnite’s maximalism still works in its new cyberpunk season by Taylor Hatmaker originally published on TechCrunch