Tech

Kinnevik increases equity stakes in MatHem
Global Tech

Kinnevik increases equity stakes in MatHem

Kinnevik AB has announced that it has committed to invest SEK 0.9bn in MatHem. MatHem is Sweden’s leading independent pure-play online grocery retailer, in a combination of 0.4bn in primary capital and 0.5bn in secondary shares taking Kinnevik’s ownership to 38%. The Nordic countries have long been held to be […]

Autonomous truck startup, TuSimple raises $95 million
Tech

Autonomous truck startup, TuSimple raises $95 million

American self-driving truck startup TuSimple, has raised $95 millio in fresh funding. TuSimple said in a statement cited by Reuters News that the funding round was led by Chinese internet giant Sina Corp, which values the three-year-old firm at $1 billion. The fresh funds, investors of which also include Hong […]

Nasdaq sells off BWise to SAI Global
Global Tech

Nasdaq sells off BWise to SAI Global

Nasdaq, Inc., said it has entered into an agreement to sell BWise to SAI Global Pty Limited, a recognized leader of integrated risk management solutions. The closing of this transaction is subject to regulatory approvals, works council and other representative body consultations and notifications in applicable jurisdictions, and customary closing […]

Getting into the streaming game
Tech

Getting into the streaming game

In the last five years, there has been a shift in video and audio content consumption from traditional sources of radio, iPods, cable and payTV to on-demand/streaming platforms such as Netflix, Spotify, Roku, iFlix, BoomPlay, FireTV, iTunes and recently ShowMax. Although the growth has been very benign, this year, Internet […]

German cyber police investigates security risks of Huawei
Global Tech

German cyber police investigates security risks of Huawei

More countries are beginning to look into the potential security risks liked to having Huawei supplying and participating actively in the telecom infrastructure. According to Reuters News which cited a local news platform, Funke Newspaper, Germany’s cybersecurity agency BSI is investigating whether China’s Huawei Technologies could be a security threat […]

Tinder pushes Match Group to beat estimate
Global Tech

Tinder pushes Match Group to beat estimate

Match Group, the company behind dating sites and adult apps such as Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge has beaten its earnings estimates. The company said in a statement that Tinder, attracted more subscribers, sending its shares up as much as 12 percent in extended trading. Overall […]

Pagaya issues $100 million asset backed securities
Global Tech

Pagaya issues $100 million asset backed securities

Israel’s Pagaya said it issuing and overseeing $100 million in actively managed asset-backed securities led by structuring agent Cantor Fitzgerald. Pagaya uses machine learning and big data to manage institutional money. According to data compiled by Reuters News, the latest addition brings Pagaya’s assets under management to $450 million since […]

Lagos set to shutdown Uber operations
Tech

Lagos set to shutdown Uber operations

Lagos State Ministry of Transportation has threatened to shut down the activities of ride-hailing company Uber in the State. The Commissioner for Transportation, Mr. Ladi Lawanson noted while speaking at a Stakeholders’ Forum organized by the Ministry recently that the company risks its operations being grounded should they fail to […]