Mikron, Sticitt, Minit, Al Mada, Waspito, Malt, and Zepto. These are some of the names that made the headlines this week, IgbereTV reports
American tech giant, Microsoft, has completed the acquisition of mining technology vendor, Minit.
Also, Al Mada, a Morocco-based investment company, during the week, launched a US$110 million pan-African venture capital fund.
Let’s get into details.
Fintech is king. Five-year-old fintech startup, Sticitt, during the week announced closing a seed funding to scale its venture.
The raiser, according to Sticiit , was oversubscribed, and was led by Nustate Capital Ventures.
Tech correspondent Ridwan Adelaja highlighted that the South Africa-based company operates as a cashless payment platform simplifying payments within the South African education market.
The Russia-Ukraine war continued with the US hitting Mikron and other Russian tech firms with fresh sanctions.
The sanctions are expected to cripple the Russian economy as the world pressures it to halt the ongoing invasion of Ukraine.
According to the United States, the sanctions were “part of its crackdown on the Kremlin’s sanctions evasion networks and technology companies, which are instrumental to the Russian Federation’s war machine.”
The more the merrier as Microsoft adds Minit to its list of subsidiaries upon acquisition
