Connect with us

Tech

Leaf Wallet rebrands to BOSS Money as part of African expansion plans

Published

on

Africa-based fintech startup, Leaf Wallet, has rebranded to BOSS Money in its bid to expand its offerings across the continent.

The app which is the brainchild of IDT Corporation, a global fintech provider, cloud communications, and traditional communications services, announced the rebranding in a statement by its CEO, Nat Robinson, on Friday.

According to Robinson, the rebranding from Leaf Wallet to BOSS Money is part of a “broader initiative to leverage the key technologies of Leaf Wallet to gradually expand across Africa, and allowing US consumers to send money transfers directly to family and friends in the continent.”

“The newly branded BOSS Money wallet will continue to use the Leaf Wallet’s innovative, blockchain-based technology on the Stellar Network, so that customers across Africa can safely store, send, receive, and exchange currencies on their phones domestically and across borders,” he said.

“The wallet will continue to allow customers to access funds and transact on feature phones utilizing a USSD interface accessed via a short code and via the app.”

“The BOSS Money wallet will enable customers across Africa to receive money in their local currency directly from customers in the US using the BOSS Money app. Transferred funds can be used to purchase airtime, pay bills locally, and send to other BOSS Money users across Africa for free.”

“We see a tremendous opportunity across Africa to grow our footprint and reach millions of new customers with the BOSS Money wallet and to connect both our current and new customers to their family and friends in the U.S.,” said Robinson.

“The newly rebranded BOSS Money app is already available for download in Kenya, Uganda, and Rwanda, and will soon be available in Nigeria, Ghana, Zambia, and Tanzania,” he added.

Tech

10 African startups selected for final of Latitude59 pitch competition

Published

on

Ten African startups have been selected for the final round of the Latitude59 pitch competition which will see the winner qualify to pitch at the main event in Tallinn, Estonia, with the chance of winning the grand prize $1.1 million.

The Latitude59 pitch competition which is in 12th edition, is Estonia’s flagship startup and tech event and attracted over 3,500 attendees, including more than 900 startup representatives and nearly 600 investors when it was hosted in Tallinn in May.

According to the organizers,
Latitude59 is seeking early-stage startups from across Africa to compete for the chance to pitch at the next edition of its pitch competition, which will take place at next year’s edition of the event.

The event organizers said a total of 382 applications were received from 37 African countries, with the top 10 now selected and will pitch at an event in Kenya on November 28, where the African winner will be chosen.

Eight of the selected ventures are Kenyan and include Eco Nasi, which transforms pineapple pulp waste into high-quality vegan leather.

Others are Grekkon, a platform which scales up moisture sensors for smallholder farmers; NoMa, a tech platform that digitises school transportation; and Paycloud, which is building a neobank to help MSMEs in Africa to pay, get paid, and access credit through payment aggregation.

The other selected Kenyan ventures are Roadrims, which provides reliable, efficient, and cost-effective logistics; Twiva, a social commerce platform; VunaPay, which provides instant payments to farmers; and Zerobionic, which is developing a human-like robotic arm to help students with hearing impairments.

From Nigeria comes AcemyX, an LMS helping students prepare for exams with personalised learning tools and study materials, with Tanzania’s Afya Mama, which is providing answers to questions pertaining maternal care and reproductive health to women via SMS and web app, completing the list.

Continue Reading

Tech

Bolt invests $107m in Nigeria to boost safety standards

Published

on

Ride-hailing platform, Bolt, has announced an investment of $107 million in its bid to boost safety and service quality in Nigeria’s ride-hailing sector, with a special technology enhancing safety standards for both drivers and passengers.

Lola Masha, Bolt’s Regional Manager for North and West Africa, who made the announcement in a statement, said the “investment will fund new safety technologies, accident prevention measures, customer support upgrades, and public safety awareness campaigns, underscoring Bolt’s commitment to providing a secure and reliable platform.”

She revealed that as part of its quality check, the company had removed more than 5,000 drivers from its platform in 2023 so as to cleanup its database cleanup effort and will continue to implementing a driver score system to maintain quality standards.

“The driver score evaluates performance by monitoring how frequently drivers accept ride requests, successfully complete trips, and respond to passenger feedback. Essentially, it rates drivers based on their performance over their last 100 trips,” she noted.

Masha emphasized that the move came as a result of complains by the Amalgamated Union of App-based Transporters of Nigeria (AUTON) which raised concerns about the potential downsides experienced by users and the psychological stress on drivers, which could negatively affect their performance.

According to her, among the upcoming features are a four-digit trip pickup code and a trip counter, both aimed at making rides more secure and dependable for all users.

Continue Reading

EDITOR’S PICK

Culture11 hours ago

Davido to donate N300m to orphanages to mark 32nd birthday

Nigerian Afro-Pop superstar, David Adeleke, popularly known as Davido, has announced plans to donate the sum of N300 million to...

Tech11 hours ago

10 African startups selected for final of Latitude59 pitch competition

Ten African startups have been selected for the final round of the Latitude59 pitch competition which will see the winner...

Metro12 hours ago

Catholic bishops in Zambia decry ‘shrinking democratic space’, hounding of opposition parties

The Zambia Conference of Catholic Bishops (ZCCB) has decried what it describes as a shrinking and deteriorating democratic environment, marked...

Metro17 hours ago

Nigerian economy to grow in leaps and bounds in 2025, VP Shettima predicts

Nigeria’s Vice President, Kashim Shettima, has predicted that the country’s economy will grow in leaps and bounds in 2025 due...

Musings From Abroad18 hours ago

Nigeria, India to strengthen counterterrorism, maritime security cooperation

During a state visit to Nigeria on Sunday, Indian Prime Minister, Narendra, Modi reached an agreement, on behalf of his...

Musings From Abroad2 days ago

Military advisors from Russia arrive Equatorial Guinea

Russian military advisors are in Equatorial Guinea training indigenous soldiers. Anonymous sources cited by Reuters during the week claim that...

VenturesNow2 days ago

Food prices drive second straight monthly hike in Nigeria’s inflation

According to official statistics released on Friday, Nigeria’s inflation rate increased for the second consecutive month in October, rising to...

Metro2 days ago

Morocco’s Mpox test gets African CDC endorsement

A major step forward in Africa’s response to the continuing epidemic was taken Thursday when the Africa Centres for Disease...

VenturesNow2 days ago

MTN financial report reveals drop in group service revenue

Due to operational difficulties in Sudan and the depreciation of the Nigerian naira, MTN Group, Africa’s largest telecom provider, announced...

VenturesNow2 days ago

Nigeria’s $700bn mining potential attracts investors worldwide

Diplomatic sources cited in a local report have claimed that global investors are interested in Nigeria’s mining sector reforms under...

Trending