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Frustration is mounting among Barclays customers over a £200 credit limit policy, with many expressing disbelief on social media despite having good credit scores and stable incomes. The bank has acknowledged these concerns, explaining that credit limits are reviewed regularly to prevent financial difficulties, and customers can appeal decisions they find unjustified. Barclays emphasizes the importance of transparency and encourages open communication to address customer grievances while highlighting the need for better credit management.
Cairo-based Grinta, a fintech-enabled B2B platform modernizing the pharmaceutical supply chain, has secured additional funding and acquired Citi Clinic, enhancing its entry into the healthcare sector. This strategic move allows Grinta to integrate online and offline services, reaching over 150,000 patients. Co-founder and CEO Mohamed Azab emphasized the significance of this acquisition in transforming healthcare access and delivery.
Antler, a global early-stage VC firm founded in Singapore, has expanded its operations from Kenya to Nigeria, having launched in Kenya in 2019. With a presence in major entrepreneurial hubs worldwide, Antler focuses on nurturing exceptional individuals to form co-founding teams and has invested in over 400 companies globally. Applications for its inaugural Nigerian program are now open, with the cohort set to begin in June.
Antler, a global early-stage VC firm founded in Singapore, has expanded its operations from Kenya to Nigeria, enhancing its presence in Africa's entrepreneurial landscape. Since launching in Kenya in 2019, Antler has invested in over 400 companies worldwide and is now accepting applications for its inaugural Nigerian program, set to begin in June. The firm emphasizes a people-first approach, focusing on building strong co-founding teams.
Moroccan super app ORA Technologies has raised $1.9 million in a pre-Series A funding round to enhance its food delivery service, Kooul, and its digital payment solution, ORA Cash. Founded in 2023 by Omar Alami, the app features P2P transactions, e-commerce, and social networking. This funding brings ORA's total raised to $4.4 million, highlighting Morocco's potential as a burgeoning tech hub in Africa.
Moroccan super app ORA Technologies has raised $1.9 million in a pre-Series A funding round to enhance its food delivery service, Kooul, and its digital payment solution, ORA Cash. Founded in 2023 by Omar Alami, the app features P2P transactions, e-commerce, and social networking. This funding brings ORA's total raised to $4.4 million, highlighting Morocco's potential as a burgeoning tech hub in Africa.
Egyptian AI startup Widebot has secured $3 million in pre-Series A funding to advance its Arabic large language model, AQL Mind, which is designed to comprehend various Arabic dialects and accents. The funding round, led by Keheilan Asset Management II and supported by several investment firms, aims to enhance AI solutions for Saudi government entities and businesses. CEO Mohammed Nabil emphasized the model's potential to deliver accurate and personalized AI experiences.
Investment in the African tech startup ecosystem plummeted by over 50% in 2024, totaling $1.1 billion, marking the second consecutive year of decline amid a global capital shortage. Despite the downturn, the "big four" markets—Nigeria, Egypt, Kenya, and South Africa—maintained their funding share, with fintech remaining the most favored sector, albeit also experiencing a significant drop in investment. As the number of active investors decreased by 35%, hopes for recovery are bolstered by improving Q4 2024 and Q1 2025 figures.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
barclays faces backlash over £200 credit limit policy and customer frustrations
13:27 22.03.2025
Grinta secures funding and acquires Citi Clinic to expand healthcare services
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antler expands operations to nigeria enhancing support for african startups
09:00 11.03.2025
antler expands operations to nigeria enhancing support for african startups
09:00 11.03.2025
moroccan super app ora technologies raises 1.9 million in pre-series a funding
07:00 11.03.2025
moroccan super app ora technologies raises 1.9 million in pre-series a funding
07:00 11.03.2025
Egyptian AI startup Widebot secures 3 million dollars for Arabic language model
10:00 06.03.2025
African tech startup funding drops over 50 percent amid global capital shortage
07:00 04.03.2025
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