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May 21, 2022
Welcome to Emerging Tech Trends (ETT), focusing on technologies shaping the future.
In this edition,
“…VCs are pretty unstable and there is some element of crowd mentality.” Revolut CEO : CEO of Revolut, Nik Storonsky, to launch an Artificial Intelligence based venture fund, claiming that the relationship-driven and clubby world of venture capital was outdated and waiting to be disrupted
Tanzanian governor believes CBDC to be a safer alternative to cryptocurrencies : The rise in popularity and adoption of cryptocurrencies in Tanzania is moving the country closer to launching its central bank digital currency (CBDC), “a safe alternative.”
MooveBeta Merges with ImpalaPay to Provide a Connected Economy for Africa : Adanian Lab’s MooveBeta, teams with ImpalaPay, a fintech blockchain company to provide payment platform to enable Pan African and Diaspora communities transact via e-commerce, social commerce, P2P and enterprise using multi-interoperable platforms.
Fintech Dreamcash To Represent Cameroon At Africatech Awards In Paris : Among 124 entries, DreamCash emerges as a representative from Cameroon at the Africatech Awards in Paris. The event, organiser by Africa Finance Corporation IFC alongside Viva Technology nominated 45 African startups from across the continent from over 300 entries submitted. Between 15 and 18 June, three final winners will emerge at an awards ceremony in Paris between 15th and 18th June. IFC Managing Director Makhtar Diop, said The number and quality of the entries received is a testament to the vibrancy of the African technology scene, which has proven resilient amidst the many challenges posed by the COVID-19 pandemic.
Catalyst Fund open for Fintech and Climate Resilience Startups: Support by PayPal, Catalyst Fund, open to support Africa startups that build solutions designed to improve the resilience of underserved and climate-vulnerable communities in emerging markets with $100K in cash and $100k of venture building support. The company’s exploration of the role of fintech innovation in increasing the resilience of climate-vulnerable populations influenced its effort to serve and empower climate-vulnerable populations and improve their resilience through its support for startups that are characterized by Financial resilience, Sustainable utilities and Climate-smart livelihoods. Fiscally sponsored by Rockefeller Philanthropy Advisors, Catalyst Fund is supported by the UK Foreign, Commonwealth and Development Office (FCDO), JPMorgan Chase & Co., As PayPal.
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