Jenesys AI $1.1 million | Yabx partners Clickatell to launch WhatsApp lending

TODAY’S MENU

• Jenesys AI Secures $1.1 Million in Pre-Seed Funding to Revolutionize B2B Invoice Management with AI

• Cryptyd Inc Secures Funding to Drive Launch of Innovative Mobile Game Baloot Quest

• Entersekt Advances Global Payment Security with Strategic Acquisition of Modirum’s 3-D Secure Software Business

• Yabx partners with Clickatell to launch WhatsApp lending services in Africa

• Ojoma Ochai succeeds Bosun Tijani as new CcHub Managing Director

INVESTMENTS

Jenesys AI Secures $1.1 Million in Pre-Seed Funding to Revolutionize B2B Invoice Management with AI

Jenesys AI, a major player in B2B invoice management and payments, has announced the successful closure of a $1.1 million pre-seed funding round. Spearheaded by Nigerian co-founder Oluwatosin Dairo, Jenesys AI is poised to redefine transactional accounting and compliance through the incorporation of cutting-edge AI technology, shifting the human role from operator to validator.

Founded by Nicolai Thomson and Oluwatosin Dairo, Jenesys AI represents a fusion of global expertise and local insights. Dairo’s inspirational journey from the streets of Ojota to the forefront of AI technology underscores the power of determination and innovation. With roots in Idanre, Ondo State, and education at the University of Ibadan, Dairo’s profound connection to Nigeria serves as a cornerstone for Jenesys AI’s operations......….read more

Cryptyd Inc Secures Funding to Drive Launch of Innovative Mobile Game Baloot Quest

Cryptyd Inc, an Egyptian cutting-edge gaming company, has successfully concluded a funding round with backing from Newton International Management. The capital injection is set to drive the launch of Cryptyd’s revolutionary Baloot Quest mobile game, with a focus on targeting the Saudi Arabian market and other GCC regions.

Cryptyd Inc, headquartered in Massachusetts, USA, operates seamlessly through its wholly-owned subsidiary, Cryptyd SA, strategically situated in Alexandria, Egypt, serving as the central hub for operations and development…..read more

ACQUISITIONS

Entersekt Advances Global Payment Security with Strategic Acquisition of Modirum’s 3-D Secure Software Business

Entersekt, the Financial Authentication Company, has successfully acquired the Modirum 3-D Secure software business from Modirum, a leading digital payment security provider. With a history spanning 25 years, Modirum has been a pioneer in facilitating authenticated, card-not-present payments. Its cloud-based 3-D Secure (3DS) technologies and services authenticate digital payment transactions globally, serving numerous payment systems, hundreds of issuers, and thousands of merchants.

The acquisition positions Entersekt to broaden its customer base and secure over 2.5 billion transactions annually, establishing a compelling global footprint and a technological advantage that spans digital, payment, and data channels of issuers, acquirers, and merchants. The collaboration aims to provide consumers with a consistent, cross-channel user experience and robust protection against the latest fraud schemes..…read more

SOCIAL MEDIA

Yabx partners with Clickatell to launch WhatsApp lending services in Africa

Yabx, a prominent player in the digital lending space, is taking a significant leap forward by introducing WhatsApp lending services in Africa through a strategic collaboration with Clickatell. This move is poised to democratize access to financial services, enabling customers to secure credit in real time.

In Africa, the demand for loans, particularly for small ticket sizes, is soaring. Yabx’s initiative aims to create a customer-centric interface on WhatsApp, eliminating barriers to obtaining a loan. Leveraging digital footprints, Yabx analyzes customer data, providing them with a credit score and a predefined loan limit……read more

Instagram rolls out new customizable ‘Add Yours’ templates

Instagram is launching a new feature aimed at making Stories more interactive and fun. As of today, users can create their own templates for the “Add Yours” feature. Instagram states that this feature allows users to “craft and share their unique, customizable Add Yours templates, using GIFs, text, and gallery photos as part of a Story template”…..read more

OTHER STORIS

Ojoma Ochai succeeds Bosun Tijani as new CcHub Managing Director

Co-creation Hub (CcHUB), Africa’s largest innovation center, has appointed Ojoma Ochai as its new Managing Director, succeeding the former CEO, Bosun Tijani, who has transitioned to serve as the Minister of Communications, Innovation, and Digital Economy of the Federal Republic of Nigeria..….read more

MTN SA launches MTN Skills Academy, an online digital skills academy and job placement hub

MTN South Africa has unveiled an online digital skills academy and job placement hub designed to address the scarcity of tech skills and the increasing unemployment rate in South Africa. The MTN Skills Academy aims to give South African youth access to digital and financial skills training, acting as a catalyst for job creation and improved employment opportunities….read more

Intel’s new chip Gaudi3 competes with Nvidia and AMD

On Thursday, Intel launched a new range of computer chips, including Gaudi3 – an AI chip specifically designed for generative AI software applications. Set to launch next year, Gaudi3 will compete with leading chips from Nvidia and AMD that currently power large, energy-intensive AI models……read more