Ping Express News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Ping Express, the FinTech company founded by two Nigerian tech entrepreneurs and registered in the United States of America, has debunked claims and reports that the company or its past directors were involved in money laundering or fraud. SaharaReporters had reported that the Nigerian Fintech Company owners were jailed in the United States of America over $160million alleged proceeds of fraud sent to Nigeria.

In July 2022, African tech startups raised $239,706,000, the lowest so far in 2022. Catch up with the leading African tech moves from July 2022.

Youverify, an identity verification company helping African banks and startups, is announcing that it has secured a $1 million seed round extension.

This is why it is important to separate real criminals from audacious serious-minded innovators who have ventured into a global sector with limited African participation.

Anslem Oshionebo, 45, and 43-year-old Opeyemi Odeyale were sentenced after being found guilty of failing to maintain effective anti-money laundering controls and unlicensed money transmitting, Bloomberg reports.