Tech As It Happens Here💡👩💻
partnership announcements +funding announcement +complete project showcase
PARTNERSHIPS AND FUNDING 🚀
➥Flutterwave will be integrating Circle’s USDC through a partnership with Hedera
Flutterwave recently announced the rebranding of its cross-border remittance solution from $end to Send App to facilitate more accessible, faster, and more affordable money transfers from people in the diaspora to Africa. The updated solution now allows users in the US and Canada to send money to Africa and access new recipient countries, namely Egypt and Senegal, bringing its coverage to over 34 countries since its launch in 2021.
While the partnership details have not been disclosed, Hedera has made advancements in enterprise stablecoin services. It recently launched an SDK (software development toolkit) that allows Web3 stablecoin platforms, institutional issuers, enterprises, and payment providers to build stablecoin applications using Hedera Network services without specialised blockchain expertise.
➥Stitch, a leading fintech startup in South Africa, has announced a $25 million Series A extension round led by Ribbit Capital.
Stitch, a leading fintech startup in South Africa, has announced a $25 million Series A extension round led by Ribbit Capital. The funding will accelerate the company’s growth, expand its product offerings, and enter new markets. Stitch was founded in 2021 and has quickly become one of the fastest-growing fintech startups in Africa.
The company provides API-based payment solutions that enable businesses to accept, manage, and disburse payments online and offline. Stitch’s clients include some of the largest companies in Africa, such as MTN, Multichoice, and Luno.
➥Egyptian Deep Tech Startup Intella Secures $3.4M in Pre-Series A Funding Round Led by HALA Ventures and Wa’ed Ventures
Intella is a voice technology company that is developing end-to-end AI models localized for the MENA region. The company’s flagship product, Intella Voice, is a speech-to-text engine that has achieved state-of-the-art accuracy in Arabic dialects. Some regional companies, including telecom operators, call centres, and media companies, are already using Intella Voice.
The new funding will allow Intella to accelerate its expansion into the Saudi market and continue developing its AI models.
COMPLETED PROJECT 🚀👩💻💡
Sculpting a More Promising, Decentralized Horizon in Africa.
Africa is one of the fastest-growing crypto markets in the world, and NGENI LABs is at the forefront of this movement. We are proud that we have completed a project for a client in Africa that will help them further their success in the crypto space.
They were looking for a partner to help them develop a CLI Desktop Trading Application for DEX order management that gives traders a powerful command-line tool for efficiently managing decentralised exchange orders. This Rust-based desktop app enables users to log in using private keys and execute various commands, such as placing, cancelling, and managing orders. It allows users to customise default settings like order size, leverage, and margin type.
Ngeni Labs was the perfect partner for the job. We also have a team of experienced developers who are experts in building crypto-related applications. We worked closely with our client to understand their needs and develop the desktop app. We are proud to have helped our client achieve their crypto goals.
We are also excited to be a part of the growing crypto ecosystem in Africa. We believe that crypto has the potential to revolutionise the way that people in Africa interact with the financial system.
NGENI LABs is a Web3 development studio committed to helping Africa achieve its full potential in the Web3 space. Web3 can transform Africa into a global innovation and economic development leader.
We offer a wide range of Web3 development services, including:
Smart contract development
Blockchain development
DApp development
NFT development
We also offer consulting and advisory services to help businesses understand and implement Web3 technologies.Proud to work with various African clients, including startups, established businesses, and government agencies. We are committed to helping our clients succeed in the Web3 space and building a more prosperous and equitable Africa.
We thank our clients for choosing Ngeni Labs as their development partner.
Thanks for reading👌
Contact us: NGENI Linktree