💸 LemFi launches “Send Now, Pay Later” for remittances

TGIF☀️

We’ve made it to the end of another busy week! Before you unplug, take a few minutes to catch up on what’s shaping the tech and innovation space. From bold product launches to shifts in policy and startups making quiet but powerful moves, there’s plenty to think about heading into the weekend.

Grab your coffee, exhale and let’s dive in👇

Today’s Menu ☕️

🏢 LemFi rolls out “Send Now, Pay Later” to bring credit into remittances for immigrants
⛵REasy Raises $1.8M Pre-Seed to Simplify Cross-Border Payments for African SMEs
📱AMCON-backed lifeline puts ntel on track for a 2026 relaunch
⚖️ Musk settles $128m severance lawsuit with Twitter’s former top brass — terms undisclosed
🪙 Netflix Launches Gaming on Smart TVs
⛏️ Jubilee Metals exits South Africa with $90 million asset sale
🤖 Valdene Reddy appointed CEO of Johannesburg Stock Exchange, effective April 2026

💰REMITTANCES

LemFi rolls out “Send Now, Pay Later” to bring credit into remittances for immigrants

LemFi, an AI-powered payments platform for immigrants, has launched Send Now, Pay Later (SNPL) — a credit-enabled remittance feature that allows users to send money instantly and repay later. The service debuts in the UK, where immigrants remit nearly £10 billion annually, and is available to LemFi’s 2+ million customers.

SNPL integrates a revolving credit line (£300–£1,000) directly into the remittance process. LemFi’s AI model, Ensemble, determines eligibility by analyzing national credit data, open banking feeds, remittance history, and international credit signals — helping immigrants with limited UK credit histories access fair, responsible credit.....…..…continue reading

📶 TELECOMS

AMCON-backed lifeline puts ntel on track for a 2026 relaunch

Nigerian telecom operator ntel has secured new, undisclosed funding from the Asset Management Corporation of Nigeria (AMCON) to support its phased revival and relaunch in Q1 2026. This comes after AMCON took control of the company in 2024 as part of a multi-year rescue plan.

Formed in 2015 from the assets of defunct national carriers NITEL and MTel, ntel struggled with leadership instability, low utilization of its $252 million infrastructure investments, and market competition. AMCON’s latest capital injection—following a reported ₦30.72 billion funding in August 2025—signals a staged financing strategy rather than a single bailout.....…..…continue reading

💵 PAYMENTS

REasy Raises $1.8M Pre-Seed to Simplify Cross-Border Payments for African SMEs

Cameroon-based REasy, a payments startup simplifying cross-border transactions for African SMEs, has raised $1.8 million in pre-seed funding from investors including Launch Africa Ventures, Ingressive Capital, and Digital Africa. The company also achieved a regulatory milestone by co-designing with the Bank of Central African States (BEAC) the region’s first FX framework tailored for small importers — enabling compliant, instant international payments below $10,000.

REasy bridges local payment methods like Mobile Money and bank transfers with global rails such as Alipay, WeChat Pay, and UnionPay, offering SMEs faster, traceable, and fully compliant settlements. Thousands of African importers already use the platform to pay overseas suppliers and improve inventory turnaround times.....…continue reading

⚖️ GOVERNANCE 

Musk settles $128m severance lawsuit with Twitter’s former top brass — terms undisclosed

Elon Musk has settled a lawsuit by four former Twitter executives seeking more than $128 million in severance after his 2022 takeover of the platform, now X. Court filings say the parties reached a deal contingent on near-term conditions; terms weren’t disclosed. The suit by ex-CEO Parag Agrawal, CFO Ned Segal, CLO Vijaya Gadde, and GC Sean Edgett alleged Musk fired them without cause immediately after closing the $44 billion acquisition, then fabricated “cause” to avoid paying one year of salary and stock awards under a longstanding plan.

Plaintiffs framed the firings within broader layoffs and disputed severance practices, echoing a separate August settlement with roughly 6,000 ex-employees over an alleged $500 million shortfall. The agreement ends a high-profile dispute but leaves whether the executives will receive the amounts sought unclear, pending fulfillment of conditions and any final approvals...........…continue reading

⛏️ MINING

Jubilee Metals exits South Africa with $90 million asset sale

Jubilee Metals Group is divesting most of its South African chrome and PGM operations, agreeing in Aug 2025 to sell mature assets to One Chrome for $90m. The deal covers chrome-dominant processing and PGM tailings plants and includes a $56.8m debt assumption, strengthening the balance sheet. Shareholders approved in late August; $15m has been received, Competition Commission filings are in, and completion is targeted by year-end 2025.

Proceeds refocus Jubilee on Zambia copper: Roan Concentrator, Sable Refinery, and the Large Waste Project, plus Munkoyo and Project G. Roan produced 915 tonnes of copper concentrate in Q1 FY2026, aided by electrification-driven demand. Jubilee retains rights to the Tjate Platinum Project. The move echoes broader retrenchment—Anglo’s PGM spin-off into Valterra and exits by HSBC, BNP Paribas, Shell, Nielsen, and Bain—despite ongoing new investment in South Africa...........…continue reading

OTHER STORIES

• YouTube Offers Second Chance For Terminated Creators...…continue reading

• Valdene Reddy appointed CEO of Johannesburg Stock Exchange, effective April 2026……continue reading

• Netflix Launches Gaming on Smart TVs…….continue reading

• Figma Partners with Google to Integrate Gemini AI….continue reading

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