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Facebook suspends over 400 apps that collect your data

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Facebook has banned one app and suspended over 400 more following investigations into developers and how they handled user data.

The social network said Wednesday that it had suspended the apps “due to concerns around the developers who built them or how the information people chose to share with the app may have been used.”

Facebook also announced that it had banned a personality-quiz app that collected information on more than 4 million people. The company said the researchers behind the app, called myPersonality, refused to allow it to conduct an audit.

It did not say that it had found evidence of data misuse, but cited concerns about how the data was handled.

Facebook declined to name the 400 apps it had suspended, the number of which has doubled since May. The company said it was now investigating them “in much greater depth.”

The suspensions are the latest example of fallout from the Cambridge Analytica scandal, which revealed that an app on Facebook had been used to amass information on 87 million people for the purpose of creating profiles of and targeting ads to potential voters.

Read Also: Andela Launches Tech Hub In Rwanda

Facebook said it would notify all 4 million people who had used myPersonality, to warn that their data “may have been misused.” The app was suspended in April, but it hadn’t been active on the platform since 2012.

David Stillwell, one of the creators of the app, said the ban was “nonsensical and purely for PR reasons.”

“When the app was suspended three months ago I asked Facebook to explain which of their terms was broken but so far they have been unable to cite any instances,” he said in a statement.

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Nigerian fintech startup, CredPal, secures more funding from Cairo Angels syndicate

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A Nigerian fintech startup, CredPal, has raised funding from the Cairo Angels Syndicate Fund (CASF), a micro-venture capital fund, to expand its “buy now, pay later” incentive to customers.

Launched in 2018 by the duo of Fehintolu Olaogun and Olorunfemi Jegede, CredPal has placed itself as one of Nigeria’s most preferred consumer credit platform that gives buyers the freedom to “buy now and pay later” and helps merchants acquire more customers to increase their sales.

According to Disrupt Africa, the Google-backed CredPal has over 85,000 active customers and over 4,000 onboarded merchants, with the company announcing in March it had raised US$15 million in funding to expand its consumer credit offerings in Nigeria and to scale across Africa.

While speaking on the new funding, Olaogun said:

“This support from Cairo Angels Syndicate Fund reinforces our mission to improve the quality of life of Africans through easy access to consumer credit.

“My co-founder and I are very pleased to have them as investment partners and can’t wait for how much we’ll achieve together.”

The Cairo Angels is Egypt’s first formal network of angel investors, and since its formation has been one of the most active early-stage investors in startups and high-growth businesses in the Middle East and Africa, with 31 investee companies across 18 different sectors.

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Nigerian auto tech startup, Autochek, partners with Kenya’s Pezesha to provide asset financing to African SMEs

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Nigerian auto-tech digital solution startup, Autochek, has entered into a partnership with Kenyan fintech, Pezesha, to provide asset financing to Africa Small and Medium Enterprises (SMEs).

According to Autochek Kenyan Country Manager, Bilhah Muriithi, the company aims to build digital solutions that will enhance and enable a seamless and safe automotive commerce experience across Africa, with the hub starting with Nigeria and Ghana.

“Autochek has been focused on financing retail customers, we are excited to partner with Pezesha whose key focus is on enabling SME lending.

“Autochek will continue to invest in the market while exploring new partnership opportunities to deliver solutions for driving positive change in the automotive industry in Kenya and beyond,” said Muriithi.

Autochek, Muriithi said, plans to use technology to transform the automotive buying and selling experience for African consumers, by creating a single marketplace for consumers’ automotive needs, from sourcing and financing to after sales support and warranties.

Having expanded to Kenya late last year, the partnership between Autochek and Pezesha will enable SMEs to acquire auto assets for ease of business operations and growth.

Pezesha was founded in 2016 and has created a holistic digital financial infrastructure that connects small and medium-sized businesses to working capital offered by banks, MFIs, and other financial institutions or networks.

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