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South African digital bank TymeBank lands $109M from UK and Philippines investors

TechCrunch

“The establishments of digital banks in South Africa is in its infancy. With already existing shareholders like African Rainbow Capital (founded by South African billionaire Patrice Motsepe), TymeBank says these new investors will grow the company into a top-tier retail bank in South Africa.

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Naspers co-leads $14.5M extension round in mobility startup WhereIsMyTransport

TechCrunch

South African-founded startup WhereIsMyTransport is one such company filling that gap for now. million Series A extension to continue its expansion across emerging markets; the company already has a presence in South Africa and Mexico. Today, i t is announcing a $14.5 According to Naspers, the size of its check was $3 million.

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The Davos Blur

Beneblog: Technology Meets Society

James Moody of Australia’s national research organization was talking about an idea of a humanitarian license for patents that has been floated by the YGL community. Since I’ve been working on IP policy and licensing on Bookshare, I was quite interested and had ideas of how to work with companies to apply their IP to social needs.

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New South African partnership gets $3M, launches telehealth product

TechCrunch

The pandemic has seen such platforms scale globally, and Africa is not exempt. A new platform (without a name yet) is launching out of South Africa and it wants to provide accessible quality care for Africans with its telehealth service. will generate revenue off license fees earned.” has no intention of expanding.

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My remarks just made at WIPO today

Beneblog: Technology Meets Society

We now have global permissions for around 8,000 copyrighted books out of our 70,000. •

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South Africa’s Root gets $3M, plans to expand low-code insurance platform to Europe

TechCrunch

In Africa, one startup is carving a niche for itself. The company, based in South Africa, has raised $3 million in seed funding to scale outside Africa and build the infrastructure for the digital insurance economy. However, it also powers affinity insurance players; some of the largest in South Africa actually.

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African fintech OPay is reportedly raising $400M at over $1.5B valuation

TechCrunch

Last year, the company also said it acquired an international money transfer license with a WorldRemit partnership also in the works. Nigeria is Africa’s most populous nation, and with a large share of its people underbanked and unbanked , fintech is arguably the most promising digital sector in the country.

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