Daily Digest Thursday 27 August 2020

11 Startups To Participate In First Africa Artificial Intelligence Accelerator Cohort
The selected AI startups will participate in a structured five-month Accelerator program and work closely with technical mentors from IBM and business development consultants, to help build their AI ideas into feasible solutions. Read more
WorldRemit has accepted to acquire Sendwave For a Fee of $500 Million
In a statement by the company, the acquisition will enable customers and users to send instant payments to relatives and friends from North Africa to other parts of Africa which includes West and East Africa. Read more
Standard Bank bags’ 35% stake in South African fintech, TradeSafe
the merger will help curb fraud, scam, & unpaid invoice payments in South African commerce, and the fees that both the online platform and Bank will be charging is less than what a reputable Bank or law firm would charge in a transaction. Read more
Apply: NISRF (Nigeria Impact Startup Relief Facility)
Nigeria Impact Startup Relief Facility (NISRF) is an emergency facility designed by a consortium of funding partners to disburse grants to a significant number of existing post-MVP stage high-growth startups who create impact so they remain viable during the COVID-19 crisis. Read more
Nokwary Wins 1ST Prize Of $10,000 In The ECOBANK Fintech Challenge 2020
Nokwary is a fintech that uses Artificial Intelligence (AI) to promote financial inclusion. Its AI Powered banking solution offers an opportunity for users to carry out transactions in a language to which they are familiar to using popular social media channels like Whatsapp. Read more