The leading African tech moves from September 2023
In September 2023, 22 African tech startups raised $116.7 million. So far, African startups have raised $2.57 billion in 2023.
Source: techcabal.com
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👨🏿‍🚀TechCabal Daily - 54gene shuts down
Nigerian genomics startup 54gene is shutting down. Yesterday, ex-CEO Ron Chiarello confirmed the startup's closure to TechCabal.
Source: techcabal.com
Exclusive: After raising $45m in two years, 54Gene is shutting down
Genomics startup 54Gene has initiated the winding down of its operations, sources connected to the company confirmed to TechCabal. The company started the process in July 2023.
Source: techcabal.com
👨🏿‍🚀TechCabal Daily - Nigeria wants to improve online banking
Is Nigeria's slew of failed transfers and buggy banking apps reaching an end? Last week, the Nigerian House of Representatives directed the Central Bank (CBN) to request that all banks overhaul their online banking systems. More in #TCDaily.
Source: techcabal.com
54gene's workforce got leaner amid a fresh change in management
54gene cuts about 25% of its already lean workforce amid a fresh change in management and a bid to raise new investment.
Source: techcabal.com