Cadana, a leading fintech startup, has just announced a significant milestone with the closing of a $7.1 million seed funding round led by Costanoa Ventures, alongside Better Tomorrow Ventures and 500 Startups. This funding is set to propel Cadana’s mission to revolutionize payroll services catering to international hiring platforms and financial institutions across emerging markets.
Andela, the leading marketplace for technical talent, has unveiled the latest evolution of its AI-driven platform, Andela Talent Cloud (ATC). This updated platform introduces a groundbreaking feature: code playback, powered by technology from Andela’s acquisition of Qualified ® in 2023. The code playback capability allows organizations to gain real-time insights into candidates’ coding strategies and problem-solving approaches during technical assessments.
The African Trade & Investment Development Insurance (ATIDI) has committed to support the 35 MW Globeleq Menengai Geothermal Project with liquidity cover via the Regional Liquidity Support Facility (RLSF). This collaboration underscores ATIDI’s dedication to fostering sustainable development and promoting renewable energy solutions across Kenya and the region.
Pyypl, a leading fintech in the Middle East and Africa (MEA), has announced a groundbreaking partnership with Visa to issue virtual and physical Visa cards through its mobile application. This collaboration aims to provide direct access to digital payments for users across the region, significantly enhancing financial inclusion.
Riara University, a leading private institution, has commenced construction of its new campus at the Konza Technopolis. The Ksh 20 billion project marks a significant milestone for the university, which aims to expand its educational offerings and nurture future innovators.
Bolt announced the successful achievement of its Ksh.10 million fundraising goal to assist flood victims in Kenya. This remarkable milestone was reached through the ‘Flood Assist’ category, where 5% of each ride’s revenue was directed to the Kenya Red Cross Society.
Standard Chartered and @iBizAfrica- Strathmore University have revealed the 15 startups selected for this year’s Women In Tech programme. This initiative brings together female entrepreneurs leveraging technology to drive sustainable startups that create impactful change. The focus is on enabling these startups to adhere to Environmental, Social, and Governance (ESG) practices, advancing both Kenyan and global initiatives.
