Technology & Innovation3 stories from 2 sources
Several companies have announced strategic moves aimed at expanding their services across Africa. CMC Networks appointed Mahesh Jaishankar as its new Managing Director to lead the company's expansion of AI-powered connectivity solutions across Africa and the Middle East. In the fintech sector, South African company Float raised $2.6 million (R46 million) to support its local growth and expansion into new markets for its card-linked instalment platform. Additionally, payments platform Verto launched Atlas, a new suite of API-first tools designed to simplify cross-border payments for businesses operating on the continent. Verto's new APIs aim to address challenges like differing regulations and volatile currencies that hinder digital businesses in Africa.
CMC Networks has announced the appointment of Mahesh Jaishankar as its new Managing Director. He will lead the company's strategy to expand its AI-powered connectivity solutions and on-the-ground expertise across Africa and the Middle East.
Summary & Analysis
Verto, a payments platform, has launched Atlas, a new suite of API-first tools designed to simplify cross-border payments for businesses operating across Africa. These tools aim to address challenges like differing regulations, volatile currencies, and fragmented banking systems that hinder the growth of digital businesses on the continent.
Summary & AnalysisSouth African fintech company, Float, a card-linked instalment platform, has successfully raised $2.6 million (R46 million) in funding. This capital injection will support local growth acceleration and facilitate expansion into new markets.
Summary & Analysis
