Yellow Card has raised $33 million to help its business grow across Africa. This funding round was led by Blockchain Capital, with participation from Polychain Capital, Third Prime Ventures, Castle Island Ventures, Block, Inc., Galaxy Ventures, Blockchain Coinvestors, Hutt Capital, and Winklevoss Capital. With this, Yellow Card has now raised a total of $88 million,…
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…
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,…
