Kuda Transaction Screen Card

Nigerian online-only bank startup Kuda raises $1.6M

Nigerian fintech startup Kuda — a digital-only retail bank — has raised $1.6 million in pre-seed funding. The Lagos and London-based company recently launched the beta version of its online mobile finance platform. Kuda also received its banking license from the Nigerian Central Bank, giving it a distinction compared to Read more…

Justice Department indicts 80 individuals in a massive business email scam bust

Justice Department indicts 80 individuals in a massive business email scam bust

The Justice Department have indicted dozens of individuals accused of their involvement in a massive business email scam and money laundering scheme. Thom Mrozek, a spokesperson for the U.S. Attorneys Office for the Central District of California, confirmed more than a dozen individuals had been arrested during raids on Thursday Read more…

China’s Transsion and Kenya’s Wapi Capital partner on Africa fund

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 confirmed its imminent IPO. Wapi Capital is the venture fund of Kenyan fintech startup Wapi Pay—a Nairobi Read more…

A new app can detect Bluetooth credit card skimmers on gas pumps

A new app can detect Bluetooth credit card skimmers on gas pumps

A team of computer scientists has built a new app that can wirelessly detect credit card skimmers, often found discreetly placed on gas pumps and bank ATMs. Gone are the days where entire card skimmers would take over the front facade of an entire cash machine. Credit card skimmers are Read more…

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Apple rolls out Apple Card Preview to select users

Apple Card is getting its first group of public test users today. A limited amount of customers that signed up to be notified about the release of Apple Card are getting the ability to apply for the card in their Wallet app today — as well as the option to Read more…

AXIS Gear 1

How Axis went from concept to shipping its Gear smart blinds hardware

Axis is selling its first product, the Axis Gear, on Amazon and direct from its own website, but that’s a relatively recent development for the four-year old company. The idea for Gear, which is a $249.00 ($179.00 as of this writing thanks to a sale) aftermarket conversion gadget to turn Read more…

Flybits nabs $35M to build consumer recommendation engines for the financial sector

Flybits nabs $35M to build consumer recommendation engines for the financial sector

Financial service companies like banks have seen some of their business cannibalised over the years with the rise of digital-based alternatives — often in the form of apps — that provide lower fees, faster responsiveness, and more flexibility to consumers. Today, Toronto-based startup called Flybits is announcing $35 million in Read more…