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4DX Ventures and Flutterwave back Francophone Africa’s CinetPay in $2.4M round

TechCrunch

.” The Ivorian startup acts as an online and point-of-sale payment solution for merchants to process payment from more than 130 different payment operators — mobile-money, bank cards, wallets — in nine French-speaking African countries: Ivory Coast, Senegal, Cameroon, Mali, Burkina Faso, Togo, Congo, Guinea and Benin.

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Internet shutdowns by governments have ‘proliferated at a truly alarming pace’

The Verge

Since we began tracking government-initiated internet shutdowns, their use has proliferated at a truly alarming pace,” Access Now’s Felicia Anthonio, campaigner and #KeepItOn lead, said in a report on the issue in The Current , a publication of Google’s internet thinktank Jigsaw. It has moved from the fringes to become a common method”.

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MaxAB gets an extra $15M, acquires YC-backed Moroccan startup WaystoCap

TechCrunch

WaystoCap took its cross-border services to Ivory Coast and Togo, and at some point, was processing over $3 million worth of transactions per quarter. That business model got WaystoCap into Y Combinator’s Winter batch in 2017, making it the first company accepted from Morocco. The company subsequently raised a $3 million seed round.

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