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Kenya-based aquaculture tech Victory Farms nets $5M funding to expand into new markets

TechCrunch

With a large fish deficit and retail prices reaching $5 per kilo, Victory Farm says it uses technology to produce more fish and drive down costs simultaneously for the thousands of market women who buy fish in small batches to cook and sell in local food markets. billion fish deficit. The company recorded a 130% CAGR between 2017 to 2021.

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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

He teamed up with John Dada two years later to build Curacel, a fraud detection system for health companies at the time. Quick thoughts : Innovation in Africa’s B2B e-commerce and retail space has been around the digitization of processes and BNPL services, but not much around cash overdependence and fraud. Simplifyd Systems.

.Net 228
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Mushroom protein company Meati Foods opens ‘mega’ facility; closes $22M in new funding

TechCrunch

Tyler Huggins, co-founder and CEO of Meati Foods, told TechCrunch that the company wasn’t actively seeking additional capital, but had decided to keep the Series C round open due to additional investor interest. There was more interest than room in the $150 million round, so we continued to keep it open,” he said. “We

Company 249
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Nigeria’s Indicina raises $3M to help businesses offer credit to their customers at scale

TechCrunch

For years, Africa’s credit infrastructure has lagged behind the rest of the world due to low credit coverage from its bureaus. But while big corporates and high net worth individuals have no issues accessing loans from banks in Nigeria, retail and SME segments are somewhat neglected at scale.

Banking 216
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Fetcherr raises $12.5M to dynamically price airfare with algorithms

TechCrunch

Roy Cohen believes that there’s a severe underinvestment in tech within the airline industry, with airlines continuing to rely on legacy systems and outdated infrastructures that date back decades. “Fetcherr predicts demand using real-time, sophisticated models and automatically provides pricing recommendations.”

Airlines 184
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Digital twins are primed to revolutionize the infrastructure industry

CIO

Elaborating on some points from my previous post on building innovation ecosystems, here’s a look at how digital twins , which serve as a bridge between the physical and digital domains, rely on historical and real-time data, as well as machine learning models, to provide a virtual representation of physical objects, processes, and systems.

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South American retailer shares lessons learned in its move to HR automation

CIO

Behind the scenes at one of South America’s largest retail conglomerates, human resources (HR) professionals manage the movement of tens of thousands of employees. Hit by a recent spike in turnover, one thing became clear to the company’s HR team: their records system needed a serious upgrade. The system upgrade corrected this problem.

Retail 78