Once again we bring to you the best tech startup updates from around the globe and especially Africa. In this episode of Tech Roundup sponsored by techpreneurmag, we take a look at some investment in the African tech space by way of fintech and next level fiber optic internet connections all across the continent. These are being made possible by companies like Google, SAP, Betway, Zenith, Eco bank, Stanbic, Diamond Bank and so on. Find out more in this video.
Google Cloud and SAP launch sustainability contest for startups
Google Cloud and SAP have partnered to launch global sustainability contest for social entrepreneurs that have revenue-generating ideas that use data analytics and machine learning.
The two partners believe the launch of the Circular Economy 2030 initiative will aid the evolution of data-driven and technology-enabled solutions that can help the world run better and improve people’s lives.
The deadline for submissions is March 17th. Five finalists will be selected and announced at the Google Cloud Next Conference taking place from April 9th to 11th and will compete in a hackathon taking place in San Francisco on April 12th. Judges will look for original ideas that can benefit any aspect of the global economy.
The winner will receive over a $100 000 in prize money and benefits, including participation in Google Cloud for Startups’ Bootcamp and one-on-one mentorship, and will be announced at SAPPHIRE NOW on May 7th. The remaining four finalists will each receive $25 000 in prize money.
Nigeria’s TeamApt closes $5.5M Series A Round
Nigerian fintech company, TeamApt has closed on a $5.5M Series A round, led by Quantum Capital Partners. The Lagos-based company is a leader in the development of Digital Banking, Digital Business solutions and running Payment Infrastructure for Africa.
Working with 26 African banks, and 100% of all commercial banks in Nigeria, including Zenith, ALAT, UBA and Diamond Bank, TeamApt builds white-labeled products, to ensure digital financial transactions are easier, faster, cheaper and safe.
Since its launch in 2015, TeamApt has focused on its mission to create financial happiness for Africans through technology, and so far has on-boarded 100,000 Nigerian businesses, serving 3M customers across Africa’s largest economy and is currently processing monthly transactions of $160M. The company has recorded revenue growth of 4,500% over a three year period.
Betway launches fintech challenge in Ghana.
Online sports betting firm Betway has launched a fintech challenge in Ghana that will award cash prizes to innovative solutions in the financial services space.
The Betway Fintech Challenge, which is open to all Ghanaian residents aged 18 and above, is accepting applications until March 8, with shortlisted finalists offered access to training and workshops to help build their businesses.
Five finalists will be invited to pitch their startup to a panel of judges, with three winners to be announced in May. The grand winner, first runner-up and second runner up will take home GHS20,000 (US$3,800), GHS15,000 (US$2,900) and GHS10,000 (US$1,900) respectively.
Solutions are being sought in the following categories – Customer Connection and Experience Innovation, Data-driven Design, Investment and Wealth Management, Blockchain, and Organisational or Process Transformation.
Data highway expands rapidly through Africa
Paratus Africa has announced that it recently activated additional capacity between West Africa Undersea Cable System (WACS) and Lusaka, Zambia. This follows the recent Paratus Trans Kalahari Fiber project that was built between the WACS landing station in Swakopmund and the Zambian Sesheke border.
This is a prime example of how land-locked countries that do not have access to an undersea cable system and can benefit from the fiber highway. Within the Group, Paratus Zambia is the first to take full advantage of the Trans Kalahari Fiber project. The company now carries this capacity as far north as the town of Lubumbashi in the Democratic Republic of Congo (DRC).
This project shows that investment in telecoms infrastructure does have its benefits and it allows Paratus Africa to solidify its position as a leader in quality connectivity across Africa.