South African fintech startup Yellow raises $20m in debt funding. 2 other stories and a quiz



This list of stories will help you find out about the latest happenings in the tech world today

1. South African fintech startup Yellow raises $20m in debt funding

A South African fintech startup, Yellow, on Tuesday raised $20 million in debt funding to expand its geographic footprint across Africa.

The new credit facility was confirmed on Tuesday by Ross Thompson, CFO of Yellow, in a press release seen by Ripples Nigeria.

According to Yellow, a senior debt facility equivalent to $5 million has been secured from the Facility of Energy Inclusion Off-Grid Energy Access Fund (FEI-OGEF), managed by Lion’s Head Global Partners Asset Management.

Ripples Nigeria learned that Lion’s Head Global Partners Asset Management, Triple Jump, SunFunder and Trine participated in the debt financing round.

Yellow, which launched in 2018, claims to have served more than 240,000 households with solar power systems and funded smartphones.

“We are delighted to have closed our new partners’ credit facilities which provide us with the resources to serve at least one million additional people,” Thompson said in commenting on the new funding.

Tech Trivia: Which of the following statements describes the arrangement of devices on a computer network?
A. Netmask
C. Netiquette
D. Network topology
Answer: see end of post

2. US digital customer service provider Glia acquires Finn AI

A New York-based digital customer service provider, Glia, has announced the acquisition of an artificial intelligence-powered chatbot, Finn Al, to expand its presence in Finn AI Canada’s office.

Also read: Microsoft expands its presence in Qatar with a new office. 1 other story and a quiz

Jake Tyler, co-founder and CEO of Finn AI, confirmed the latest acquisition in a press release on Monday.

Glia, according to local media, is a digital customer service (DCS) solutions provider that enables web and mobile experiences with digital communication choices, on-screen collaboration and AI-powered assistance.

Finn Al, on the other hand, is an AI-powered chatbot platform for banks and credit unions.

Glia was launched in 2012 by founders Carlos Paniagua, Daniel Michaeli and Justin DiPietro headquartered in the Greater New York area.

Tyler said Finn’s business approach will help Glia’s financial institutions reduce costs.

“Now, as part of Glia, we will have the scale to deliver automation solutions to market under a seamless DCS platform that delivers the best in self-service and human assistance when and where it best suits customers,” he said. said.

Finn AI was launched in 2014 and has its office in Canada.

3. US Advanced Business Analytics Provider SAS Acquires Kamakura Corporation

A US-based artificial intelligence and analytics provider, SAS, has completed the acquisition of Kamakura Corporation.

SAS co-founder and CEO Jim Goodnight confirmed the deal in a press release Tuesday.

Kamakura, which is a Honolulu-based service provider, offers software, data and advisory solutions to help financial institutions looking to manage financial risk.

Goodnight, while commenting on the acquisition, said:

“This acquisition builds on the huge investments already made in SAS’s cloud-ready risk management platform and integrated solutions.

“This signals our intention to advance market-changing risk solutions to solve the most pressing challenges facing our financial services clients.”

The latest acquisition is expected to help SAS expand its risk solutions portfolio and technical expats.

Trivial answer: Network topology

A network topology describes the arrangement of systems on a computer network. It defines how the computers, or nodes, of the network are organized and connected to each other.

Some common network topologies include star, ring, line, bus, and tree configurations.

By Kayode Hamsat

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