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South African payments gateway Ozow raises $48M Series B led by Tencent

TechCrunch

Founder and CEO Thomas Pays started Ozow in 2014 to drive financial inclusion through open banking. This is a validation of our role in transforming the banking industry through the development of innovative, convenient and more inclusive payment solutions for everyone,” he said in a statement.

Banking 269
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‘High conviction, low volume’: Playfair launches $70M pre-seed fund for European startups

TechCrunch

One of them was Orca AI which was developing a collision-avoidance system for ships, and it was this company from a sea of samey startups that Playfair ended up investing in — both in its 2019 pre-seed funding round, and its follow-on Series A round two years later. There just wasn’t enough differentiation.”

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The Cake is NOT a Lie: 5 Java Frameworks to Support Your Microservices Architecture

OverOps

For teams dealing with loads of technical debt, microservices offer a path to the promised land. Higher frequency releases and increased collaboration between dev and ops is exciting, but it’s important to stay diligent. They promise to bring greater flexibility and easier scalability. That doesn’t mean it will be easy though.

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The HP-Autonomy lawsuit: Timeline of an M&A disaster

CIO

The 1990s: Founding myth 1990: Mike Lynch, an academic in Cambridge, England, borrows—or so the legend goes—£2,000 to start Cambridge Neurodynamics, going on to develop the software that would later give rise to Autonomy. Lynch’s lawyers will later claim that HP executives spent just six hours in conference calls with his team.

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Ex-Uber software engineers raise $3M for Sperta, a 6-month-old startup that wants to help fintechs better manage fraud risk

TechCrunch

Working together at Uber’s risk team, Yifu Diao and Ming Fang came to realize that with the hypergrowth the company was seeing came fraud challenges. Diao’s first project at the company after starting in 2014 was building a rules engine called Mastermind to fight fraud. It was making 10,000 decisions per second by the time I left.”.

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Muslims come into the frame in Southeast Asia’s fintech boom

TechCrunch

Founded in 2014, Blossom Finance was first intended for Muslim entrepreneurs in the United States. the Blossom Finance team realized that the market there for Islamic finance was very small, said Martin. The microfinancing platform connects investors with small businesses using mudarabah, a shariah-compliant profit-sharing agreement.

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NIST 2.0 Update + Cybersecurity Awareness Month!

Infinidat

The fact of the matter is that the problem is very, very broad and we can create more secure enterprise data infrastructure, data centers, and hybrid cloud environments by being diligent and aware! Tim has over 30 years’ experience in the development, marketing and sales of IT infrastructures. NIST Cybersecurity Framework (CSF 2.0)