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Digital bank Umba raises $15M, plans to expand into three new African markets

TechCrunch

There’s no shortage of digital banks in Nigeria and, in general, in Africa. As the region continues to experience rapid growth in mobile usage and the corresponding growing young population, these fintechs think this is the right time to provide financial services to every market category, from the banked to the unbanked.

Banking 238
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Window Snyder’s new startup Thistle Technologies raises $2.5M seed to secure IoT devices

TechCrunch

million in seed funding from True Ventures with the goal of helping IoT manufacturers reliably and securely deliver software updates to their devices. Thistle lands on the security scene at a time when IoT needs it most. Mirai had ensnared thousands of IoT devices into its network at the time of the attack.

IoT 207
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Internet of Things (IoT) in Banking: Examples of IoT Solutions In Finance

CTOvision

Read Abhishek Pareek explain the best examples of the Internet of Things solutions in the finance sector on Customer Think : In financial services, the Internet of Things (IoT) is considered the next big thing. IoT is a network of devices connected through the internet which obtain and transmit data.

IoT 115
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Infogrid raises $15.5M from Northzone to retrofit buildings with ‘smart’ IoT

TechCrunch

Infogrid , an IoT startup which can retrofit an existing building to make it “smart”, has raised $15.5 Infogrid also has an “impact-style” mission to enable businesses to reduce the environmental and social cost of their buildings while simultaneously benefitting their bottom line and asset values.

IoT 206
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Innovating Services for a Digital, Intelligent Future

CIO

Facilitating next generation banking in Myanmar During “Digital Transformation creates value and Intelligence guides us to the future” session KBZ Bank shared their journey to offer mobile payments to every person in Myanmar. In 2017, Myanmar saw 90% of its people owning a mobile phone—but only 10% owned a bank account.

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IoT satellite network startup Hiber secures €26M in funding round led by EU’s innovation agency

TechCrunch

European satellite and communications startup, Hiber BV has secured €26 million in EU and private investment to expand its IoT satellite network. This equity financing will help Hiber to enable affordable and ubiquitous connectivity for the IoT solutions.”.

IoT 249
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Regulation remains the strongest multiplier to cybersecurity growth

CIO

The Internet of Things (IoT) vulnerabilities have also been increasing. According to Statista, the number of IoT devices exceeded 15 billion in 2023. Ransomware attacks have also increased in 2023 probably due to their perceived profitability. The cloud is also increasing exponentially with many developments happening in the cloud.