“The slowing of sales throughout September reflects a challenging retail environment borne from issues like fuel and labour shortages. Overall sales performance was the weakest since January, and although total sales increased by 0.6% against 2020 levels, this marks a fall compared with the average of 3.1% growth throughout the past three months.  

• Investment marks first major foreign investment into a Sudanese technology business since sanctions were lifted in 2020 – a major milestone for the tech sector in the country.
• alsoug is the largest digital classifieds and marketplace nationwide and will now expand its reach into fintech and payments, becoming the largest digital payments network in Sudan.
• Fundraise co-led by Egypt-based Fawry and wider consortium of Western venture capital firms.

Press Release

M2P Fintech, Asia's largest API infrastructure company, today announced that it has secured US$35 million in a Series C financing. Tiger Global Management led the round with existing investors BEENEXT, Flourish Ventures, Omidyar Network India, 8i Ventures, Better Capital and the DMI Group via its investment vehicle Sparkle Fund participating in the round. 

Attivo Networks®, the experts in preventing identity privilege escalation and detecting lateral movement attacks, today announced the availability of a new research report conducted by Enterprise Management Associates (EMA) and commissioned in part by Attivo Networks. The report focuses on Active Directory (AD), the directory-based identity services platform used by 90% of enterprises worldwide, exploring the obstacles and threats organizations face when protecting AD and how they adapt to address these growing concerns.

The collaboration will deliver an enhanced customer experience for StormPay’s customers and more control over their data.

Today, we are delighted to announce our partnership with StormPay, a London-based fintech company that provides embedded financial services for both business and personal customers. The collaboration will deliver a truly embedded and digital experience to StormPay’s customers.

·         Danske Bank, Denmark’s leading bank, supported by Nets, will bring Dankort to Apple Pay

·         Dankort is the preferred means of payment for Danish consumers and accounts for the largest number of card transactions in the country

Pole Star is pleased to announce the appointment of Peter Fen as Head of Architecture and Engineering. Peter will drive Pole Star’s solutions innovation to deliver enhanced levels of efficiency, transparency, and sustainability across the supply chain.

Tech Nation welcomes 31 fast-growing tech companies from across the UK into its Upscale growth programme

• Investment in 4R Digital Ltd to build a platform that will use digital technology to help democratise access to climate finance for small, green projects in Africa
• The Carbon Value Exchange’s (CaVEx) use of remote monitoring technology will create verifiable carbon credits from projects such as solar pumps, electric vehicles, and nature-based solutions, as well as use digital finance to deliver proceeds from credit sales directly to project participants

The two banks are expanding their long-standing partnership with Avaloq by moving their respective web and mobile banking solutions to Avaloq’s Engage platform.