TechMetroo

Moove expands to Mexico, a months After U.S. Launch

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Just a month after its US debut, Nigeria’s Moove, a startup financing vehicles for ride-hailing drivers—has officially expanded into Mexico. The startup which  operates by plugging its special credit scoring system into ride-hailing and delivery platforms. The startup operates by plugging its special credit scoring system into ride-hailing and delivery platforms. This lets them see how drivers and delivery folks are performing and making money, so they can decide who gets loans. Moove offers loans by selling new cars, covering up to 95% of the cost within five days of signing up. Customers can then repay these loans over 24, 36, or 48 months, using a part of their weekly earnings. The company aims for profitability by 2025, marking a significant milestone for African startups amid […]

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Elon musk X is back in brazil after initial suspension

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X Is Back in Brazil! The Brazilian Supreme Federal Court (STF) has approved the immediate return of X (formerly Twitter) after the platform met all legal requirements. The court has also directed the National Telecommunications Agency (Anatel) to restore service across the country. What Led to This?X was suspended on August 31 after Musk defied

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Starlink Price Hike Controversy: NCC Withdraws Statement on Unapproved Increase

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The Nigerian Communications Commission (NCC) recently made a surprising change regarding its stance on Starlink’s price increase. Earlier, the NCC had expressed surprise over Starlink’s announcement of new subscription rates in Nigeria, claiming that the company had not received regulatory approval for the price adjustment. It was noted that while Starlink had filed a request

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Nigeria Launches $1.5 Million AI Fund Following Backlash of Google’s ₦100 Million Initiative

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The Nigerian government is reportedly set to launch a $1.5 million (₦2.5 billion) fund to promote the development of Artificial Intelligence (AI) in the country. The announcement was made by Dr. Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy, during an interview on Arise TV. This initiative, backed by Luminate, a global foundation,

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SEC Charges Ex-Tingo Accountant for Role in #250 million group Fraud Scheme

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The U.S. Securities and Exchange Commission (SEC) has charged Nigerian accountant Olayinka Oyebola and his firm, Olayinka Oyebola & Co. (Chartered Accountants), for their involvement in a fraudulent financial scheme linked to Tingo Founder Mmobuosi Odogwu Banye (also known as Dozy Mmobuosi)  This legal action comes after a recent $250 million judgment against Mmobuosi and his companies,

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OpenAI Raises Record-Breaking $6.6 Billion in Largest VC Round Ever

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OpenAI, the AI research powerhouse behind ChatGPT, has just closed the largest venture capital round in history, securing $6.6 billion in funding, bringing its post-money valuation to $157 billion. Led by Thrive Capital, the round includes major investments from Microsoft, Nvidia, SoftBank, and others, boosting OpenAI’s total funding to $17.9 billion, according to Crunchbase. Thrive

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Starlink Raises Subscription Fees for Nigerian Customers Amid Economic Challenges

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Starlink, the satellite internet provider, has announced a significant increase in subscription fees for its Nigerian users, citing economic difficulties as the reason for the adjustment. The price hike impacts both new and existing customers. What’s Changing? For new customers, the price hike is already in effect, while current users will see the new rates

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SoftBank to Invest $500 Million in OpenAI Amid $6.5 Billion Fundraising

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Japanese telecom giant SoftBank is preparing to invest $500 million in OpenAI as part of the AI company’s latest $6.5 billion fundraising round, according to sources familiar with the deal. While SoftBank remained tight-lipped on the matter, OpenAI has yet to provide an official comment. What’s the Deal with OpenAI? OpenAI, the company behind ChatGPT,

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Fidelity Cuts X (Formerly Twitter) Valuation from $44billion to $9.4 Billion

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Fidelity, a major asset management firm, has reduced the value of its investment in X (previously Twitter), now valuing the platform at $9.4 billion. This is a huge drop from Elon Musk’s original purchase price of $44 billion in 2022, with Fidelity’s stake down by 78.7% as of August. How Much Has the Investment Dropped?

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