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Nigeria’s Mono raises millions to power the internet economy in Africa

TechCrunch

Three months later, the startup has a different mission: to power the internet economy in Africa and has closed $2 million in seed investment towards that goal. Compare the payments market now with 2016, when Paystack and Flutterwave just started. “The way I see it, our market is not that big.

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AIMMO bags $12M Series A to advance data labeling technology  

TechCrunch

AIMMO announced today it has raised $12 million in a Series A round to advance its data labeling technology and spur global expansions. AIMMO declined to comment on its valuation. Among all the directions and industries, our focuses are [mainly] smart city and autonomous driving.” . The Korea-headquartered startup has offices in the U.K,

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Nigerian fintech Appzone raises $10M for expansion and proprietary technology

TechCrunch

Typically , African financial institutions rely on using foreign technology solutions to solve their problems. It went live with its mobile and internet banking service in 2016 and launched an instant card issuance product in 2017. Today, the company is announcing that it has closed $10 million in Series A investment.

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Singapore-based Transcelestial uses lasers to build affordable internet networks

TechCrunch

Transcelestial is on a mission to make the internet more accessible by building a network of shoebox-sized devices that send lasers to one another, creating a fiber-like network. This brings Transcelestial’s total raised since it was founded in 2016 to $24 million. Transcelestial plans to enter the U.S. and anywhere on earth.”

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Window Snyder’s new startup Thistle Technologies raises $2.5M seed to secure IoT devices

TechCrunch

The Internet of Things has a security problem. The past decade has seen wave after wave of new internet-connected devices, from sensors through to webcams and smart home tech, often manufactured in bulk but with little — if any — consideration to security. Her new startup, Thistle Technologies , is backed with $2.5

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Cryptocurrency company Circle to go public in SPAC deal

TechCrunch

Circle became a sort of Venmo clone with some blockchain technology under the hood. The media certainly classified us that way because we were involved with the technology. And one that makes money work the way the Internet works,” Circle co-founder and CEO Jeremy Allaire told TechCrunch’s Natasha Lomas in 2016.

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Data center provider fakes Tier 4 data center certificate to bag $11M SEC deal

CIO

Deepak Jain, 49, of Potomac, was the CEO of an information technology services company (referred to in the indictment as Company A) that provided data center services to customers, including the SEC,” the US DOJ said in a statement. From 2012 through 2018, the SEC paid Company A approximately $10.7