Welcome to the midweek edition of the Big 5 Daily! Your one-stop-shop for the hottest gist in the tech ecosystem.
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Big news! The International Finance Corporation and the Women Entrepreneurs Finance Initiative have invested $1million and $500k respectively in the Anava Seed Fund (ASF). This investment will bolster Tunisia’s Startup Ecosystem.
Drum roll! Pan-African payment firm Cellulant has rebranded its payment gateway, Mula to Tingg – a super payment app. Tingg will unify bill payments, remittances, lending, group investments, food and gas orders in one platform across eight African markets. Awesome!
Have you heard? Lori, an e-logistics company based in Kenya has expanded to Nigeria. This expansion will help them foster cross-border services across Africa. Lori will provide value to clients across the areas of Technology, Operational Excellence, and Customer Service.
Also, the National Transport and Safety Authority (NTSA) of Kenya has clarified their reasons for suspending the vehicles of Little Shuttle and SWVL bus transport services. The authority noted that the companies did not have the appropriate license for the services they render in Kenya. You should see the full gist!
Finally, UK-based fintech company Revolut has partnered Visa Inc, to scale global expansion. Revolut will leverage the partnership to reach 5 new regions, 24 new markets, and 56 global markets and also issue visa branded cards to its clients. Interesting!
That is the end of today’s Big 5 Daily!
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