Daily Digest Wednesday 12 August 2020
RETINA-AI Health, a Startup Founded By Nigerian-born Stephen Odaibo Raises $5.2M for AI Detection of Diabetic Retinopathy
The capital was raised from private investors, 80% of whom are physicians. Also included amongst the investors are business titans such as Bill Smith, Founder of Shipt (acquired by Target in 2018). Read more
Funding In North Africa
Egyptian fintech startup Paymob raises $3.5m to accelerate regional expansion
Founded by Islam Shawky, Alain El Hajj and Mostafa El Menessy, Paymob is an infrastructure technology enabler providing payment solutions to empower digital financial service providers across Africa and the Middle East through mobile wallet technology. Read more
Call For Applications & Other Web-events
WEB- EVENT: The 2020 MEST Africa Challenge
Final Pitch: August 12th, 2020: Finalists from each country will go on to compete on a global stage in front of entrepreneurs, investors, corporate partners and ecosystem players for the chance to win $50k in investment from the MEST, and the opportunity to join the MEST incubator community. Read more
Opinion Corner
Don’t Become an Entrepreneur If You Want Passive Income
Since becoming an entrepreneur, I have met a handful of hopefuls looking to do the same. When I ask why, they often respond with some indication that they want to generate a means for passive income and recurring revenue. Read more
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