Fintechs flock against fraud

Quick fire 🔥 with Zikoko. [Read this online!](=.yCokh-zp9jU6ZGJjRSB-a1LMXYl_nqahf5cyPPHDRNA) [Lire en français](=.tn53xe59CiCBFYPWGIrHNSaKZ0EtthW9H0Hdx53qrHg) Read this email in French. [TC@10 Logo] 10 MARCH, 2023 IN PARTNERSHIP WITH [MoniePoint Logo] TGIF 🎉 Have you been told ChatGPT will take your job? Since it launched last November, every creative person, from marketers and designers to writers and journalists have been told the same thing: it’s only a matter of time before the AI service takes our jobs. But we checked, and like the belief that iPhones are better than Androids, it’s not exactly true. In this article, Ngozi reveals that the only [people who have to fear ChatGPT might be therapists](=.NzN31IrLRDPQGGWpM7vN509OpWMG6pbajemp6tusEqg). In today's edition - [Crypto market](#CryptoMarket) - [Quick fire 🔥 with Zikoko](#Story1) - [Fintechs flock against fraud](#Story2) - [Andela acquires Qualified](#Story3) - [Events: TechCabal at 10 Years](#Story4) - [Opportunities](#Opportunities) CRYPTO MARKET =.CMgCsgq42B2GRD5xKEY0ex2SfNMywIflO1kX3B169rk Bitcoin $20,075 - 7.48% Ether $1,427 - 7.44% BNB $274 - 5.40% Solana $17.19 - 7.51% Name of the coin Price of the coin 24-hour percentage change Source: CoinMarketCap * Data as of 05:00 AM WAT, March 10, 2023. Swiss-based web3-focused VC firm Crypto Celley VC wants to make Africa a Web 3 powerhouse. [Nodo News reports](=.nLdTIJBlIJ72IM-PsuoCsWyZwHvcmYnMEQr8eG6_BI0) on how the firm is investing in Web 3 startups, building its own incubator, and organising events to boost Africa’s $127 million Web 3 ecosystem. Unstoppable Wow3, a diversity and web3 education group, yesterday announced a commitment to educate six million African women on Web 3. [ThisDay reports](=.QWlkO8yrL_h-Ug9HqgvATJzZPSfCzWVjleUKiP4b8bc) that the group has partnered with 19 companies across Africa, including Polygon Labs and Chipper Cash, to provide a wide assortment of educational streams, programmes, learning materials, in-person events, and online courses. The blowback from FTX is touching non-crypto companies as Silvergate Capital, holding company of Silvergate bank, announces shutdown. [TechCrunch reports](=.hbESVmkIxXz4YOy-o-Z9dFnErI7XEtq7wHmjrFjx05U) that the 30-year-old company faced a financial crisis after FTX’s collapse last year. The company is reportedly facing an investigation from the fraud unit of the US Department of Justice for its accounts which are tied to FTX’s holdings. [WhatsApp](=.9u0G2KVQWJFijlWmtuS51E9usa7s_xFZZT8bvLE5LdA) [Twitter](=.UXyrxGQOubWARAmmIqIGQUq8nPa7G6wxLQ7tptYt_J4) [LinkedIn](=._lgPI5_aM8qO3GcQvVXwe0Yf2SSTKPvyCyw0R7ZY41Q) [Facebook](=.y4vqCHcQy-cj3T3Izk63hpt6aQtXcbEM6_eFvJrDJLo) [Email](mailto:info@example.com?&subject=&body= GET MENTORED WITH MONIEPOINT =.stWgQepQ97wOLlrlbSZFFJcmMey8BRnNxF59Y55OD9E Be part of 5 women selected to join Moniepoint in various roles, getting mentorship, fantastic perks and the opportunity to join the company full-time. Sign up for the Moniepoint Women-In-Tech internship 3.0. Visit [womenintech.moniepoint.com](=.rZPOofWiMDRP6UcwWIZfghTJ5f0Y55VOxKWtwIfQMBo). This is partner content. QUICK FIRE 🔥 WITH ZIKOKO [Zikoko](=.Nlsm-XyIemxZwunnTe2ri1akOb_nDSt8t3K6q8107DQ) describes itself as the amplifier of the voice of the Nigerian youth. The publication drives conversation and inspires what young Nigerians watch, experience, laugh and obsess over next, across pop culture, lifestyle, relationships, food, commerce and more. Much like younger siblings, Zikoko is now [touting a website rebrand](=.Krdx3sqv7LL1hCsKFtLgb7pZ3byIZGl4hjHc3GjeICo) similar to its senior by three years TechCabal’s 2021 rebrand—come on Chelsea 😏. =.iKfJM3O3a84ExDj2Fd5YyYqKbyEoe_lZCtrGWXLWOlo Explain your job to a five-year-old Zikoko tells everyone interesting stories about what young people are doing. If you want to hear about how cool kids are spending money, or what films your friends watch, then you’ll read Zikoko. But not until you’re much older. Like, way way older. Okay, why are you here? This isn’t how Quick Fire works. You’re supposed to be nicer. But, well, I rebranded my website. And I did it to stay fresh and relevant. It’s 2023. I want my website to reflect the new age of Nigerian youth. What’s so fresh about your new website ?😒 We’ve organised all our content better. As a tech media company, you should of course know the importance of positioning. Our readers can now see all our categories at the top of the page. We also put trending articles on the home page, so they can see which articles are trending and get the hot gist faster. We know you can’t relate since you only publish boring news. =.qrosSgx-3NHIbx5d_WAMLqFHb8pMIH6NM4eGSUPDDms What else is new? Other than your snark? We also changed how our readers can watch videos. It’s a lot easier to find our many hilarious shows now. There’s a new newsletter widget too. We’re super excited about this one because instead of subscribing to all of them without knowing exactly what you’re signing up for, our readers get to choose and pick their faves. Are you changing the type of content you offer? Like, you know, useful content? Sigh. Our content is useful. There’s [Naira Life](=.w8xCMq-YQVRTRulXMtcDhYa8vcKQeoiYzrHBeY9qnK4), which shares how people relate with money. And [Love Currency](=.xtuJENa2IG2kARQob0uNKZsE2Nn9Vqn9KIMrxmzCNV0)—stories of how people in relationships interact with money. So it’s only money you talk about? Do you have serious conversations? But, why are you such an old millennial? So money, pop culture and relationships aren’t serious? Well, we have [Citizen](=.WzWqH9oHadnHOvUiovTXS4B57PIcloFGbJW32df87bE) to talk about politics and teach young people how it affects them. We’ve also got [Aluta and Chill](=.qUSxZStOIeUWWSS1Py-9LP3S6JCPBv7OY3OyT3FE9BI), talking about university students and their challenges. The [Pop](=.XQF7cVB51IHqmlMlCO59WC4S_MK-v54UolFdIk-rCfc) category won’t go anywhere either; we’ll never stop talking about Nigerian pop culture. So why should TechCabal readers visit Zikoko? We’ve got everything TechCabal often denies its audience of: fun! Besides that, techies will also find that Zikoko is at the intersection of how young people relate to the tech world. That’s why Hustleprint talks about young people and their quest for pocket-filling jobs, or how Abroad Life talks about people who have moved abroad and how they're finding it. Like TechCabal, everybody is welcome on Zikoko! [WhatsApp](=.4ojunHWEHi9NEZg2tsApl8r20NW8IlDjd0PW2HNpguM) [Twitter](=.KgSkcifHdWPhCmb3K4nEv9_L5GnQixr_PvSjyB5RmS4) [LinkedIn](=.ROU0BBgUan5zQBDiPzigfOrakGRMAlOyy_wplhD6pnw) [Facebook](=.26ELovYwpWLLl-wqxtqFwmoRUku2cScH_yBb-k3sQWg) [Email](mailto:info@example.com?&subject=&body= FINTECHS FLOCK AGAINST FRAUD =.WdPhRRpkGFylOUl98fIK8n1Q_pB_cBYZQ7DQ-W-W7Lk Here’s some trivia for you. If a confederation is a collective term for states, what’s a collection of fintechs called? Everyone loves an unlikely alliance story, and Nigerian fintechs are forming one. Yesterday, business publication Semafor Africa announced that a flock of Nigeria’s largest fintech startups are [creating a joint strategy](=.ybzSqzO5rDmcVqDPycg-hx6WLW3afXQ9RRPuWnW0QUE) to tackle fraudulent transactions within their networks. Tagged "Project Radar"—way to go on the naming scheme—the companies will share details, including government and banking identity data, of suspected criminals. The project will also see to the creation of a blacklist register. Last Monday, representatives of fintechs including Kuda, Branch, and Cowrywise reportedly joined a meeting where Flutterwave’s CEO, Olugbenga Agboola, played a leading role. Sources close to the case report that the flock is also looking to integrate its plans with the existing fraud reporting system being employed by the commercial and central banks of Nigeria. This news comes days after TechPoint Africa reported that Fluttwave had [suffered a hack](=.MXc_liLwzW_oe0IJSlYw4ByrQcuVDzRJ0GBsEtquyGY) that cost the fintech $6.3 million. While Flutterwave promptly [denied the breach](=.8Sv2o28KYBn3SRE-U08WI9Wb2_495bnDnT0TlQLm9Eg), stating that it was simply “investigating security concerns”, [court documents](=.S-qlhOf3CySW4NQru-7-bVU2LwGvTY6cEgtk8OEpNx0) released online show that the bank is pushing a court order against 27 commercial banks with accounts the funds were allegedly transferred to. Zoom out: Data breaches in Nigerian banks have been on the rise this year, with Nigeria’s Nigeria Data Protection Bureau, in February, announcing [probes of two commercial banks](=.vlwwn54LddvHKyoJJ4rTNt6gnAKjlaxBsnuPVnJIAtI) for data breaches. Across the continent, the central banks of Zambia, South Africa, and The Gambia have all fallen victim to hacks within the past year, while commercial banks in Angola and Morocco also report hacks. [WhatsApp](=.lrog7SY7yXBjePYn4JdDkOzjAZfoquZEtSXPA6TU7Uw) [Twitter](=.bdK-rbiZz5d5EtZNqH3pSzV1WEEyylUB_R6zTTM0Jus) [LinkedIn](=.tEh0nqa06TH7ibRejGGMn38VOk0qd7Y_tG41GAfLAQM) [Facebook](=.2zn8oR3PKxYmdGS_nJ4_rRMsTiTLYwwzNNxybGO5Ndg) [Email](mailto:info@example.com?&subject=&body= INSURE WITH CURACEL GROW =.7ZknREY5PBbjABf-4etoN-pxmr-OvUe15VUQ-NJzlvw Curacel Grow helps you easily embed insurance with your products and on your platforms to increase customer loyalty and grow revenue. Our embedded insurance products give you tailored and on-demand insurance to suit your specific business needs. To learn more about how we can help you expand your business, visit [Curacel.co](=.nm5S9JgtL4wbhBQ5chGQXwKhUJZGMAioSlyQY4fNnVY), send an email to marketing@curacel.ai or call 08035257749. This is partner content. ANDELA ACQUIRES QUALIFIED =.mAu-SRVY2XoA5cGKPTYK3dznSLbpj2JFdH9G-tifFHM [Andela](=.y78cHaavvFUhfinsMOGfoglkZ6bumsBwETCSXnGxBY8) has [acquired a 100% stake](=.apWJzLhBKHBOj-WgVPyjx5oFUQllWTmupYCutYkLeNU) in Qualified, an assessment platform that certifies top engineering talents. The deal, which was finalised at an undisclosed sum, will add about 3.6 million engineering talents to Andela’s global community. These talents were previously users of Codewars, an online community run by [Qualified](=.u3XMiYn-LD-ruaGOADa4PQu5hoxm6BSabk3i-92G_rY) that enables technical talents to compete among themselves and develop practical coding skills through gamified challenges. In a statement shared with TechCabal, Andela’s CEO and co-founder, Jeremy Johnson, expressed excitement about Andela’s growing ability to find and qualify talents. “With the Qualified acquisition, Andela expands and accelerates our ability to source and expertly assess talent,” he said. This will be Andela’s first publicly announced acquisition, and it comes on the back of the company’s [renewed focus on senior developers.](=.gCAeJ7rjH9aF4SwGcmhtC8zla-KJ747QtcFGUrtXAFk) Backed by over [$381 million in VC funding](=.yLsinjTN6UTp_1KhfhSqzqZC7rEYFHos2WsMYoTMDdU), Andela has grown to support vibrant technical talent communities in over 170 countries globally. Notably, the company has a focus on emerging markets like Nigeria, where it first began operations in 2014. Speaking to the possibilities that the deal brings, CEO and co-founder of Qualified, Jake Hoffner, maintained that the expanded Andela product will allow companies to hire software engineers through processes that will reveal what their on-the-job performance would be. [WhatsApp](=.YvG5Dolnm0zqfw4WtjWoksCxX1xXsD8YoOJm938OlfU) [Twitter](=.mMciYRFQh1YtW059fpdem620Fm68ZgK9Pfhz8H153aA) [LinkedIn](=.o2CZCrAYFZwzya-t_8sDcZLeiZGDgp5fqWmv-mtE1Ys) [Facebook](=.1_bSKAkAksPGI22yd1i5BosxNKKW9i7_IYfcwbmqG_Q) [Email](mailto:info@example.com?&subject=&body= EVENTS: TECHCABAL AT 10 =.AeagLWIYkusw0itX-pu2gBtzQTPJaYnYZqOtZwunw_I Here’s a list of all the Twitter Spaces we’ll be holding to celebrate our 10th-year anniversary. Links are coming soon. - March 14—Beyond Funding: Meet the team leading TechCabal’s newsroom. Why is TechCabal telling the kinds of stories we are telling now, and how this thinking has influenced our expansion drive? How is TechCabal’s editorial leadership driving this? - March 16—Building newsletters readers want. How has TechCabal grown to build seven newsletter products, and what drove this growth? How does TechCabal measure success when it comes to its newsletter products, and what are its plans? - March 21—Meet the team telling African tech stories that matter. TechCabal captures the players, human impact and business of tech in Africa. We provide the content, reporting, data, and context to help the world understand how tech is changing Africa. Who are the journalists doing all of this important work? - March 23—What is the future of tech in Africa? In the last 10 years, the African tech ecosystem has evolved quickly. We know this firsthand at TechCabal. What does the future look like? Join us for an insightful conversation with Ola Brown, Stephen Deng, Hope Ditlhakanyane, and Ngozi Dozie where we answer these questions. - March 30—The role of the media in covering African tech. How can the media help Africa’s developing tech ecosystem? What responsibility does the media owe the ecosystem, and what can the media expect in return? Should the media only cover good stories? IN OTHER NEWS FROM TECHCABAL Why the trusteeship at the heart of [M-Pesa is under fire](=.z2jEKhCj2hZs0SSrg9Pl4EdbS5snGzXzvYiXQC_qDeA). How and why Famasi Africa is [bringing healthcare to people’s doorsteps](=.8NCrG4MoZYPK_SAbTaFYs2ptf40FLa-bgckeO4Qbut4). OPPORTUNITIES - The 100x Impact Accelerator is open to applications from impact-driven social enterprises that work across eight sectors including health, climate and education. Selected enterprises will receive £150,000 grants and access to LSE’s world-class expertise, plus a 12-week programme of bespoke support from experts and social unicorn founders. [Register by March 10](=.thbWEQjBjNuCGR3G-T4K1M04D8tVpU_vfX6mgA9HeCs). - The Jasiri Talent Investor Programme is looking for highly driven individuals with a history of achievement and/or entrepreneurial action who aspire to launch a high-growth venture. [Apply by April 23](=.FwjRcltZ4lyUx2kF9DCVfNMf5Hc7SsCAPfTV0rxlXnc). - The Growth Africa Accelerator Programme is calling for applications from ambitious and committed entrepreneurs from Kenya, Uganda, Ethiopia, Zambia or Ghana with the potential to grow and create impact through their businesses. [Apply now](=.A2Kp2UdeG6zi6GUeiowSmXq86VvcOFK4qMAJ25D_4Wg). - The HiiL Justice Accelerator Programme is now open for applications from Kenyan startups with solutions that help people resolve their legal problems. Eight selected startups will receive $10,000 in equity-free funding as well as the chance to win up to $21,000 on Demo Day. [Apply by March 31](=.bXm9JBinFhu3lSY8cXVofn26OlQ2F34Av7TAZodnJJw). - Google has announced that the Google for Startups Black Founders Fund is now accepting applications from Black founders across the African continent. [Apply by March 26.](=.mvkGLG4-p4UP24xhhBPDyfQFKh_Vp9O-4f0WF8IoyWQ) - The Africa Business Heroes (ABH) Prize Competition, a philanthropic initiative sponsored by the Jack Ma Foundation and Alibaba Philanthropy, is calling for participation from Africa’s entrepreneurial talent. [Apply by May 12](=.gGHa4crURuxV_g_LsMFlCDaEIu-ouwXWRkgCww0AMl8). - Rwandan startups have been invited to apply for the ZEP-RE InsurTech Programme, which will support scalable startups in creating new markets and optimising efficiency. [Apply by March 15.](=.KrvQbCC2eZAUzwPQ7qDCn02ByM9LmF4o70HJ9Z5JuG0) What else is happening in tech? - [Côte d’Ivoire is the highest-taxed country in the world](=.pCiBgmCvTD-VgRk59BdT1XsxrZy838AuqNkM08HmQqo). - [Galaxy Bone claims it blocked 1.2 million cyberattack attempts during Nigeria’s presidential elections](=.64Gu4CESkrtRpIoY3C_abIs14jtS6b6O_hfXXb7y7rQ). - [Roam has unveiled East Africa’s largest electric motorcycle plant](=.FNCkGb8SofKbZDwyDDlfxzr6T3btnJI9g1vwpf_g_YQ). - [Shein is planning to raise $2 billion, and it’s planning a US IPO to achieve this](=.c4QPwW6-12mOIAP9RzqEkOcRLyGLAnHMq4IEB0rqw_k). 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