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Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. From varying sources, it is estimated up to $2 billion went into African tech startups in 2019. AfricArena, a tech ecosystem accelerator, pegged deals to close between $2.25
2021 was a record year for venture capital fundraising, and fintechs were the largest recipients of funding worldwide, with about 21% of all venture dollars last year going into fintech startups. Investors appeared to be backing some startups in part due to FOMO, and that’s not necessarily a good thing.
With Grab’s announcement of its imminent Nasdaq listing and GoJek merging with Tokopedia to form tech giant GoTo , casual international observers could be forgiven for believing that Southeast Asia’s tech universe only comprises similar companies. Unsurprisingly, tech startup growth is booming as well.
The year 2021 saw more and bigger deals closed in Africa, as tech startups across the continent raised close to $5 billion. And, given the incremental funding for fintechs in Africa over the years, capital injected into these startups is only likely to increase with deepening mobile phone usage and internet penetration. .
Speaker: Guy Martin, Executive Director of OASIS Open
The COVID-19 global pandemic has raised the already bright visibility of technology to an even higher level. Our worldwide society has continued to operate and thrive due to foundational technologies like the Internet. March 16, 2021 at 11:00 am PDT, 2:00 pm EDT, 7:00 pm GMT
After a blockbuster year for venture capital funding in 2021, the flow of capital to Indian startups seemed like it would buck global trends in early 2022, but dried up in the second half of 2022. After COVID, we saw significant uptick in e-commerce, edtech and technology-enabled service delivery across sectors.
As we entered 2021, I wrote about the big question on every startup’s mind for 2021: How will a cataclysmic event such as a pandemic show up in post-pandemic innovation? We unpacked a lot together, from unicorns in need of haircuts to tech mafias in need of a modern refresh. TechCrunch Gift Guide 2021.
It is not surprising now that many make assertions about their utility for this particular profession due to all the progress made with personal computers. Also Read: 10 Best Laptops for Programming in India 2021. 16-inches super Retina display with True Tone technology, Touch Bar and Touch ID. NVIDIA Geforce GTX 1650 Ti.
Southeast Asian tech companies are drawing the attention of investors around the world. This trend continued in 2021, with regional M&A hitting a record high of $124.8 billion in the first half of 2021, up 83% from a year earlier. and Chinese tech firms. tech firms have also recently entered the scene.
You know the broad outlines: After a lengthy period of growth, capital investment and aggressive business practices, China’s central government spent much of 2021 reining in its technology sector. As a result of the changes, the value of many well-known Chinese technology companies suffered. But there was more.
But overall, while total fintech funding globally was down markedly last year compared to 2021, numbers were still higher than 2020. billion in 2022, down 46% compared with 2021, but up 52% compared to 2020. billion in 2022, marking a 35% drop from a record 2021. In fact, the three-month period marked the lowest quarter for U.S.
The Internet of Things (IoT) is a system of interrelated devices that have unique identifiers and can autonomously transfer data over a network. IoT ecosystems consist of internet-enabled smart devices that have integrated sensors, processors, and communication hardware to capture, analyze, and send data from their immediate environments.
Still, in 2021, a new set of problems has emerged, including more potent COVID-19 variations and overflowing hospitals attempting to treat both people with and without the virus. Technology has proven important in maintaining the healthcare industry’s resilience in the face of so many obstacles.
A new report from Endeavor Nigeria reveals that Africa’s digital economy and tech ecosystem is set to experience exponential growth periods. It highlights important events in the continent’s tech ecosystem until this point, compares its journey with other emerging markets and provides guidance into the opportunities within various sectors.
But in terms of influence, speed and number of investments made since 2021, Tiger has led the pack alongside Sequoia. Its lead investment in Flutterwave, which valued the fintech at $1 billion in March 2021, was a return from a long hiatus in investing in Africa. Investor interest in fintech reached its peak in 2021.
million in grants to assist state governments in reducing barriers to employment with Code for America’s Clear My Record tool, which uses an open source algorithm to review records and produce clearance motions. “Given Google’s technological expertise, one of our focus areas is helping people learn digital skills,” she said.
The number of POS terminals in Nigeria grew from 150,000 in 2017 to 543,000 in April 2021, according to Statista. During that period, the volume of POS payments in the country also increased tremendously , hitting more than 500 billion as of May 2021.
African startups raised between $4 billion to $5 billion in 2021, according to various reports. However, for all their effort and importance to the tech ecosystem, raising significant venture capital seemed elusive to startups in Africa’s digital media landscape that rely on grants and personal funding to scale.
No further duediligence? As history often reminds us , duediligence matters from a human perspective — and vetting a founder beyond their ability to attract talent can save firms from headaches or legal woes. “Our approach? This is our data set, let’s see if we can put money into them,” he said. No problem.
Its technology enables professionals and companies to create profiles and be matched to opportunities, monitor projects and pay through the platform. Ultimately, it is a new internet-native work model that we are starting with legal because it is a $100 billion market that has not been disrupted much in the last 100 years,” Ahmed said.
Every year the internet experiences numerous disruptions and outages, and 2021 was certainly no exception. This year we documented outages, including multiple government-directed shutdowns, as well as what might be the internet’s biggest outage in history. Famous internet outages. Uganda election shutdown.
Founded by Awodele in 2020, MyTechBestFriend (MTBF) launched to public acclaim, especially within the Black tech community. For a minimum of $3,000, it offers to teach people skills, such as technical writing, and help prime them find high-paying tech jobs. A lot of the people who signed up for MTBF were new to tech.
Prakhar Singh and ex-Paystack employee Abdul Hassan have known each other for seven years, building different tech products individually and collectively along the way. Of course, this isn’t without users’ consent as they are required to login with their internet or mobile login credentials before any transaction takes place.
It was just a matter of time until an intrepid Chinese entrepreneur with a tech background decided to take on Coca-Cola and PepsiCo. China is also home to one of the world’s largest e-commerce and tech ecosystems. The tech revolution hasn’t yet affected the bottled beverage industry quite as much as it has others.
Python has some of the most frequently used frameworks that have been chosen due to the simplicity of development and minimal learning curve. Python is also gaining popularity due to significant qualities such as functionality, originality, and general curiosity that have emerged as reasonably important factors.
billion raised across 447 deals in 2021. And lastly, wealth tech made an impressive showing in terms of investor interest. Wealth tech companies brought in $1.7 Either way, let’s hope 2023 brings with it greater duediligence, less ego and more viable business models. In all of 2022, banking startups raised $9.4
The Japanese real estate tech startup operates its service in Tokyo but plans to take it to more areas like Osaka and Nagoya. With the latest funding, the company plans to continue to buy more houses, and launch its mortgage brokering service next year, aiming to increase sales five-fold compared to 2021.
Most people have experienced the internet only through Web 2.0. Lately, many have championed web3 as the internet’s next phase, but the term encompasses so much territory, conversations can be diffuse and there are valid concerns that its complexity will daunt consumers and regulators. yourprotagonist.
On December 10th 2021, the Apache Software Foundation released version 2.15.0 of the Log4j Java logging library, fixing CVE-2021-44228 , a remote code execution vulnerability affecting Log4j 2.0-2.14. We encourage customers to review the details in our TSB and apply workarounds immediately.
Africas IT landscape is experiencing accelerated digital transformation due to a young, tech-savvy population, aboost in thegross domestic product (GDP), and anincrease in demand for low-latency connectivity. Also, the investments from satellite companies in Africa will bring internet access to the masses.
But despite the prevalence of the internet and an increase in digital commerce, the fact remains that over 85% of commerce still happens offline in the United States. . Others who have tried just didn’t figure out the technical complexities.”. In early 2021, that company raised $750 million at a staggering $35 billion valuation.
However the government still hasn’t confirmed exactly when it expects to legislate to empower the Digital Markets Unit (DMU) — saying only that it will introduce legislation to put it on a statutory footing “in due course.” UK to set up ‘pro-competition’ regulator to put limits on big tech.
Just a month into 2021, Egyptian fintech startup Cassbana raised a $1 million pre-seed investment led by VC firm Disruptech in a bid to drive expansion within the country. million; Nigerian automotive tech startup Autochek Africa , which raised $3.4 “We backed Fara because she’s a strong tech founder.
The Norwalk, Connecticut-based firm did not disclose investor names, instead saying it came from a private investor whose portfolio focuses on global technology and real estate investments. Infinite Reality offers immersive technologies to brands and creators for better audience engagement. billion, per Crunchbase data.
Web3 is seen as the future of the internet because it allows people to control their own data and digital assets, but crypto developers have been learning from the past when it comes to onboarding new users. workflows on nearly every traditional internet platform.
IT or Information technology is the industry that has registered continuous growth. The Indian information Technology has attained about $194B in 2021 and has a 7% share in GDP growth. Because startups like Zerodha, Ola, and Rupay to large organizations like Infosys, HCL Technologies Ltd, all will grow at a mass scale.
As a banker covering technology, I thought there was an opportunity to invest in the region and decided to quit my job at J.P. Latin America became the fastest-growing VC region globally, and the market expanded to $16 billion in 2021. Morgan and give it a shot. Foreign capital will only cover a portion of these funding needs.
Today, in a twist on the economies of scale that has propelled much of Amazon’s growth, a Boston startup that has built a tech platform that it uses both to buy up and then run D2C brands sold on Amazon is announcing a major round of growth funding to expand its business. million in funding.
Founded in : 2021. Founded in : 2021. Founded in : 2021. Founded in : 2021. Founders : Subomi Oluwalana, the CEO, and Emmanuel Aina, Convoy’s chief operating officer, are software engineers who worked together at Tangerine Africa and independently at various local and international tech startups.
Technology forms the major backbone of our society today. However — not all technology is accessible to people with disabilities, which comprise around 15% of the world’s population. According to the 2021 WebAIM study , "97% of the top one million home pages had accessibility issues."
Webflow’s product fits into a category of companies arguing that building software for the Internet should get easier over time, not harder. The company could see strong growth in 2021. TechCrunch explored the no-code, low-code space 2020 , including asking investors bullish on its market about their views concerning its future.
The tech-enabled startup, launched by Fadl Al Tarzi in 2019, is filling affordability and relevance gaps in education. based edtech has partnered with local organizations to offer learning community spaces that help learners circumvent infrastructural problems like internet and transportation. Nexford University lands $10.8M
Most CEOs (72%) continue to prioritize digital investments, according to the 2022 CEO Outlook report from KPMG, in part due to concerns about emerging and disruptive technology, a top three risk to organizational growth. Digital transformation is the integration of digital technologies into all aspects of business operations.
A 2021 Databricks and MIT survey found that only 13% of organizations are delivering on their data strategy. A good example of such extensibility is our community — there are people who extended Enso with the possibility to analyze and process 3D models of buildings, sound and even internet of things device networks.”
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