tecno News of 10/25/20
In Nigeria PalmPay Waives Fees And Creates ₦100m COVID-19 Payout Fund
Africa focused payment startup PalmPay will waive transfer fees in Nigeria and offer direct payouts to customers who have contracted COVID-19 in the West African country. The venture — that launched in 2019 backed by China’s Transsion — ...
PalmPay Launches In Nigeria On $40m Round Led By China’S Transsion
Africa focused payment startup PalmPay has launched in Nigeria after raising a $40 million seed-round led by Chinese mobile-phone maker Transsion . The investment came via Transsion’s Tecno subsidiary, with participation from China’s ...
Africa Roundup: CcHub’S IHub Acquisition, Andela’S $50m Run-Rate And Layoffs, Transsion’S IPO
Two of Africa’s powerhouse tech incubators joined forces in September. Nigerian innovation center and seed-fund CcHub acquired Nairobi based iHub. The purchase amount was undisclosed, but CcHub will finance the deal out of its real-estate ...
China’S Growing Digital Influence In Africa
There’s been a heap of China in Africa coverage over the last decade, but very little of it is focused on tech. In part, because the country’s engagement with African startups is light compared to its deal-making on infrastructure and commodities. ...
Africa’S Top Mobile Phone Seller Transsion Lists In Chinese IPO
Chinese mobile-phone and device maker Transsion has listed in an IPO on Shanghai’s STAR Market, a Transsion spokesperson confirmed to TechCrunch. Headquartered in Shenzhen, Transsion is a top-seller of smartphones in Africa under its Tecno ...
China’S Transsion And Kenya’S Wapi Capital Partner On Africa Fund
Chinese mobile-phone and device maker Transsion is teaming up with Kenya’s Wapi Capital to source and fund early-stage African fintech startups. Headquartered in Shenzhen, Transsion is a top-seller of smartphones in Africa that recently ...