This series of stories will help you discover the latest happenings in the tech world today
1. Nigerian payments startup Gray Finance raises $2M seed capital
A Nigerian fintech startup, Grey, has announced it is acquiring $2 million seed funding to expand its geographic footprint.
The startup’s CEO, Idorenyin Obon, confirmed the latest raise in a media statement seen by Ripples Nigeria on Tuesday.
According to the statement, venture capital firms including Y Combinator, Soma Capital, Heirloom Fund and True Culture Fund are among the investors in the round.
Gray was founded in July 2020 by two Nigerians, Idorenyin Obong and Femi Aghedo.
Local sources said Gray is a payment startup that offers African freelancers and remote workers virtual international bank accounts.
Gray also announced along with the new funding that it is partnering with fintech giant, Cellular and ed-tech startup Moringa, to gain access to East Africa, starting with Kenya.
“We like to say that we are on a mission to make international payments as easy as sending an email. We want to do impactful work to improve the way Africa as a continent handles money across borders,” said Obong.
Answer: see end of message
2. Pezesha in Kenya Raises $11 Million Led by Women’s World Banking Capital Partners II
A Kenyan fintech startup, Pezesha, secured an $11 million pre-Series A round on Tuesday, led by Women’s World Banking Capital Partners II.
Also Read:Nigerian Startup, Anchor, To Expand Workforce With Fund Over $1 Million. 2 other stories and a trivia
The company’s founder, Hilda Moraa, confirmed in a press statement that Verdant Frontiers Fintech Fund, cFund and Cardano blockchain builder Input Output Global (IOG) also participated in the funding round.
Hilda revealed that the round also included $5 million in debt from Talanton and Verdant Capital Specialist Funds.
The Nairobi-based startup was founded in 2016 by Hilda Morgan.
The fintech claims to be the first Africa-focused digital financial marketplace that brings lending together with other financial services and products for borrowers, lenders and investors, enabling a shared economy.
“Pezesha solves this through our robust API-driven credit scoring technology,” Moraa explained, explaining her solution.
3. Japanese Multinational Conglomerate, Sony, Acquires Savage Game and Launches ‘PlayStation Studios Mobile’
Popular Japanese multinational conglomerate Sony has announced the launch of ‘PlayStation Studios Mobile’ with the acquisition of Savage Game Studio.
Hermen Hulst, head of PlayStation Studios, confirmed the acquisition in a media statement on Tuesday.
He said the company will operate as part of a new PlayStation Studios Mobile Division.
Savage Game Studios was founded in 2020 by co-founders Michail Katkoff, Nadjim Adjir and Michael McManus with locations in Berlin and Helsinki.
Katkoff, the CEO of the company, Savage Game Studios, expressed his optimism about the new deal.
Hulst explained that Savage Game would operate independently of PlayStation’s console development.
He said it will “focus on innovative, on-the-go experiences based on new and existing PlayStation IP.”
Ripples Nigeria understands that Savage Game Studios has yet to produce any titles for mobile devices, consoles or PC.
However, the company plans to launch an unannounced mobile shooter after securing $44 million seed capital last year.
Trivia Answer: Virus
Computer viruses are small programs or scripts that can negatively affect the health of your computer.
These malicious little programs can create files, move files, delete files, occupy your computer’s memory and cause your computer to malfunction.
Some viruses can duplicate themselves, attach themselves to programs, and travel across networks.
By Kayode Hamsat
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