Aboyeji clears self amidst Flutterwave crisis

April 19, 2022by James Ogunjimi0

 

On Tech Recap today, I have 3 quick news bits that I want to touch on today:

  1. Aboyeji clears self amidst Flutterwave crisis
  2. Moove set to enter new markets in Asia, Europe and the Middle East
  3. Zambian FinTech, Union54 raises $12million seed funding
ABOYEJI CLEARS SELF AMIDST FLUTTERWAVE CRISIS

 

As the Flutterwave story broken by journalist, David Hundeyi continues to be in the news, Cofounder and former CEO of the company, Iyin Aboyeji has stepped forward to try to clear his name.

Aboyeji initially responded by making series of tweets aimed at the journalist and the public before deciding to document his stand in an article published by Tech Cabal.

In the article, Aboyeji criticized the journalist for not reaching out to him for comments as you would expect from a professional.

He also addressed the story about a Flutterwave ghost founder that CEO Olugbenga Agboola said existed. He said that he was told same story about a ‘Greg’ that they would meet soon but they had still not met the said person.

MOOVE SET TO ENTER NEW MARKETS IN ASIA, EUROPE AND THE MIDDLE EAST

Six months after raising $105 million, Nigerian startup, Moove is set to enter seven new markets across Asia, Europe and the Middle East.

Moove provides vehicle financing to customers in the ride-hailing as well as logistics and deliveries businesses, deducting agreed percentages from their weekly revenue.

Launched in 2020, Moove is currently in six cities across Nigeria, Ghana, Kenya and South Africa and is now looking to expand to provide its vehicle financing services to businesses and individuals across new markets and countries.

ZAMBIAN FINTECH, UNION54 RAISES $12 MILLION SEED FUNDING

Six months ago, Zambian FinTech, Union54 raised $3 million seed round, but they have now raised four times that amount in a seed extension round as they look to help more African software companies issue and manage their debit cards without stress.

This extension round was led by Tiger Global with Vibe VC, Earl Grey Capital and Packy Mccormick’s Not Boring Capital participating in the round.

Launched in October 2021, Union54 has gone on to issue over half a million debit cards to customers.

*****

That will be all for today. If you know anyone that should be getting Tech Recap daily, please click here or copy (https://www.conclase.com.ng/?fluent-form=4&form=techrecap) to share the signup link with them.

To read previous editions of Tech Recap, click here.

Have an amazing day!

 

Written by: James Ogunjimi

Leave a Reply

Your email address will not be published. Required fields are marked *