Bloom, Sudan’s FinTech startup, raises $6.5m in a seed round

by WAYA Staff - Jul 19, 2022

Bloom, Sudan’s FinTech startup, raises $6.5m in a seed round

Bloom, Sudan-based FinTech startup and digital banking app, raised $6.5 million in a seed round. The funding round witnessed participation from Visa, Y Combinator, Global Founders Capital (GFC) and Goodwater Capital and VentureSouq alongside other venture funds and strategic angel investors.

The startup will use the fund to recruit world-class talent, invest in improving customer experience, and offer new and innovative financial services to our members in Sudan and the wider East Africa region.

Bloom, has become the first Sudanese company to join Visa’s selective Fintech Fast Tack program and is also the first Sudanese company in the Silicon Valley’s Y combinator.

Read more: Telda receives final approval from CBE to launch its card and app

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TotalEnergies and ADNOC discuss diesel export opportunities from UAE to France

by WAYA Staff - Jul 19, 2022

TotalEnergies and ADNOC discuss diesel export opportunities from UAE to France

TotalEnergies and ADNOC (Abu Dhabi National Oil Company) discuss potentially supplying France with Emirati diesel. During UAE President’s, Sheikh Mohammed bin Zayed al-Nahyan, visit to Paris the countries discussed diesel exports to allow France to combat any shortages following the...

Sheikh Hamdan announces launch of Dubai Metaverse Assembly in September

by WAYA Staff - Jul 19, 2022

Sheikh Hamdan announces launch of Dubai Metaverse Assembly in September

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of Dubai Executive Council, and Chairman of the Board of Trustees of the Dubai Future Foundation (DFF), has announced the launch of the Dubai Metaverse Assembly,...

Central African Republic to Launch Sango Coin Cryptocurrency Next Week

by WAYA Staff - Jul 19, 2022

Central African Republic to Launch Sango Coin Cryptocurrency Next Week

The Central African Republic (CAR) has sent an email to the project’s pre-registered users announcing the launch of the Sango national crypto project on July 25th, a sidechain platform of the Bitcoin network (Layer 2) accompanied by the new Sango...

Infinity Group and AFC sign Africa’s biggest renewable energy deal

by WAYA Staff - Jul 19, 2022

Infinity Group and AFC sign Africa’s biggest renewable energy deal

Infinity Group, Egyptian renewable energy provider, and infrastructure investor Africa Finance Corporation, acquired Lekela Power, making it Africa’s largest renewable energy deal. Lekela Power, African renewable energy independent power platform operating on 1GW, includes two operational wind farms in Egypt and...

TikTok introduces new ways to filter out mature or ‘potentially problematic’ videos

by WAYA Staff - Jul 19, 2022

TikTok introduces new ways to filter out mature or ‘potentially problematic’ videos

Amid the rising controversy about the harmful effects of social media on teens, TikTok has announced several updates this Wednesday intended to help users moderate their viewing preferences and filter out content that they perceive to be “mature” or “potentially...

MOTOR launches an electric car-sharing platform in UAE

by WAYA Staff - Jul 19, 2022

MOTOR launches an electric car-sharing platform in UAE

MOTOR announces the launch of its electric vehicle car-sharing platform in the UAE, aligning with its efforts to reduce the carbon footprint in the region. The vehicle-sharing platform is best known for providing the premium car brand Tesla, specifically the...

Egypt partners with Google and Meta to explore startups’ role in fighting climate change

by WAYA Staff - Jul 18, 2022

Egypt partners with Google and Meta to explore startups’ role in fighting climate change

Rania Al Mashaat, Egypt’s Minister of Investment and International Cooperation met with representatives from Google and Meta to explore possible opportunities for startups to take global climate actions. Alligning with Egypt’s efforts in preparation for COP27, Al Mashaat met with...

Telda receives final approval from CBE to launch its card and app

by WAYA Staff - Jul 18, 2022

Telda receives final approval from CBE to launch its card and app

Telda received the final approval from The Central Bank of Egypt (CBE) to start operating its card and application in the Egyptian market in light of the CBE’s financial inclusion and digital transformation goals. The Telda app offers a wide...

TikTok’s security chief steps down as company moves US data to Oracle servers

by WAYA Staff - Jul 18, 2022

TikTok’s security chief steps down as company moves US data to Oracle servers

TikTok’s global chief security officer (CSO), Roland Cloutier, who has been with TikTok since 2020, is stepping down and assuming an advisory role, with TikTok’s head of security risk, vendor, and client assurance, Kim Albarella, temporarily taking over the position....

Amazon offers concessions to resolve EU antitrust probes

by WAYA Staff - Jul 18, 2022

Amazon offers concessions to resolve EU antitrust probes

According to European Commission officials, Amazon has offered to make several concessions in its European business practices to resolve two ongoing antitrust investigations targeting the company’s access to third-party seller data and its use to benefit retail business on the...