Month: July 2021
Swedish gaming firm MTG acquires India’s PlaySimple for $360 million
Swedish gaming giant Modern Times Group (MTG) has acquired Indian startup PlaySimple for at least $360 million, the two firms said Friday. MTG said it will pay 77% of the acquisition sum to Indian game developer and publisher in cash and the rest in company shares. There’s also another $150…
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Ather Energy to unveil new electric scooters in the next 2 years Ather Energy factory
Ather Energy today expanded its presence in India to New Delhi, following a few months of delays. At the Experience Centre opening, CEO Tarun Mehta revealed the startup’s future product roadmap. The capital is one of the most conducive markets for electric vehicles in India, thanks to strong subsidies and…
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TeamApt will use its new funding round to provide digital bank services for the unbanked
A great deal has changed since we last covered Nigerian fintech startup TeamApt two years ago. At the time, the company had just closed a $5.5 million Series A round from a single VC — Quantum Capital Partners, a firm owned by Zenith Bank billionaire Jim Ovia. TeamApt has quite…
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Facebook confirms tests of a new anti-extremism warning prompt
Facebook is testing prompts that will link users to anti-extremism support and resources if the company believes the user knows someone who could be on the path to extremism, or if the user has been exposed to extremist content themselves, according to a report by CNN Business. In a statement…
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PrintNightmare zero-day leaves Windows servers vulnerable to attack Printer
Chinese security researchers have accidentally disclosed a new Windows zero-day dubbed “PrintNightmare” that can be exploited to achieve both remote code execution and local privilege escalation. The researchers, from Shenzhen-based Sangfor Technologies, released a proof-of-concept exploit for a critical vulnerability in the built-in Windows service Print Spooler as they thought…
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Tiger Global leads $42M Series B in Nigerian credit-led neobank FairMoney
Neobanks have led the charge as regards venture capital funding for consumer fintech startups. But while they have collectively dominated the fintech space, they don’t operate a monolithic model. There are five distinct models, and the one adopted by Nubank, the $30 billion behemoth, is the credit-led model. Neobanks operating…
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