By Dipo Olowookere
As part of its commitment to accelerate seeding funding and investments in Nigeria’s fintech environment, a prominent development investment bank, DLM Capital Group, has introduced a fintech pitch competition.
The contest, majorly for Nigerian tech innovators, is called the Pegasus Fintech Challenge and will be executed in partnership with a top tech accelerator, African Fintech Foundry.
The debut competition is organised through the digital banking subsidiary of DLM Capital, Sofri, and it is open to all fintechs operating in Nigeria.
A statement from the organisation said interested participants will have to submit applications by sending details of their product as well as a demo to https://mypitch.dlm.group/ before June 18, 2021.
It was further disclosed that selected nominations will participate in a pitch event wherein the top 3 challengers will be selected and awarded.
Commented on the initiative, the Head of Corporate Communications and Marketing at DLM Capital, Ms Chinwendu Ohakpougwu, said it is an opportunity for the firm to showcase its readiness to supporting the expansion of Nigeria’s fintech ecosystem.
“As Nigeria’s fintech ecosystem rapidly expands and transforms, DLM Capital Group and Sofri are well-positioned to make impactful footprints in the industry.
“We encourage Nigerian fintech start-ups to apply to the Pegasus Fintech Challenge,” Ms Ohakpougwu was further quoted as saying.
On his part, the VC and Incubation Head at Africa Fintech Foundry, Mr Oluwaseyi Balogun, stated that his organisation “entrenches its lead in the fintech ecosystem as it partners with DLM Capital Group on its fintech challenge to serve as a silver lining for start-up funding amidst local fundraising setback prevalent in the start-up ecosystem.”
Interswitch Unveils Report on Future of Africa’s Digital Economy
By Modupe Gbadeyanka
A report aimed to help drive the growth of African businesses through blockchain technology has been unveiled by Interswitch Group, a leading integrated digital payment and e-commerce company on the continent.
The whitepaper titled Blockchain Technology: The Future of Africa’s Digital Economy, according to the Managing Director of Transaction Switching and Payment Processing at Interswitch, Mr Akeem Lawal, “was inspired by the need to demystify the ambiguity around blockchain technology for African businesses, thereby driving digitization and socio-economic growth across African markets.”
“We are passionate about empowering Africans and advancing the African payment landscape, and we are consistently identifying opportunities and exploring innovative ways to enable businesses to transform and scale,” he added.
Blockchain technology is a digital ledger that stores transactions. Essentially, it is a digital system for recording transactions in multiple places at the same time thereby making it impossible to falsify the data stored on it. The technology is evolving globally and businesses are integrating Blockchain technology into their business infrastructure.
The whitepaper document released by Interswitch contains details on how businesses can leverage blockchain technology to transform their businesses and the prospects it portends for the future of Africa’s digital economy.
Mr Lawal disclosed that the document encapsulates the benefits of blockchain technology and how it will help strengthen businesses because of its efficiency, better security in keeping records and safety.
“While the blockchain technology is a relatively new phenomenon in Nigeria and Africa, we are particularly excited about our partnership with Interstellar with whom we are developing a native blockchain infrastructure that is tailored to suit the African market,” he stated.
“This initiative will deepen digital payment, lower the cost of local and cross border payment as well as champion the cause for localization of emerging technology,” Mr Lawal assured.
He urged everyone to read the whitepaper document because it addresses existing challenges in the Fintech sector and simplifies the use of blockchain technology in unravelling these challenges.
Google Thrills Android Lovers With Pixel 6, Pixel 6 Pro
By Ashemiriogwa Emmanuel
It is an exciting moment for Andriod and Pixel lovers as Google is set to reveal its new Pixel 6 and 6 pro phones in a few hours’ time.
While the multinational technology company traditionally holds an October hardware event to reveal its new Pixel phones, it is a new thing that it had already announced this year’s innovations to be unveiled.
“On October 19, we’re officially introducing you to Pixel 6 and Pixel 6 Pro—the completely reimagined Google phones. Powered by Tensor, Google’s first custom mobile chip, they’re fast, smart, and secure. And they adapt to you. #Pixel6Launch,” the company had earlier disclosed.
However, the excitement from fans all over the globe seems to be below expectation given that a lot has already been learned about the upcoming Google flagship, thanks to some leaks on the key details of the phones which have been in circulation before now.
There are no confirmations on what the new products will function like, but various leaks have it that the regular Pixel 6 is set to have a 6.4-inch FHD+ display with a 90Hz refresh rate.
It has also been speculated to sport a 50MP main camera and a 12MP ultrawide, while the Pixel 6 Pro ups the ante with a 6.71-inch QHD+ display with a 120Hz refresh rate and a third 48MP telephoto camera with 4x optical zoom.
Regardless, the introduction of the two new versions will see not only a significant departure from previous Pixels but also Google’s first attempt at its own silicon & Artificial Intelligence – a revolutionary outcome for Android users.
What has been confirmed is that the Pixel 6 and Pixel 6 Pro will be the flagship devices for the latest Android version – 12, which also has a major visual design change.
The event which is themed Pixel Fall Launch will not only focus on the introduction of Pixel 6 and Pixel 6 Pro as there is room for surprises, that is, the unveiling of sister gadgets or applications.
According to Google, the launch is scheduled to commence at 10 a.m. PT / 1 p.m. ET / 6 p.m. BST. This means that for West African Time, it will be watchable starting from 6 pm today, and can be viewed on several platforms using various live-stream options.
Apple Rolls Out New AirPods, MacBooks, Processor
By Adedapo Adesanya
At its virtual MacBook event on Monday, tech giant, Apple, launched the new generation AirPods which will support spatial audio, thanks to new sensors that support features like spatial audio.
The new Airpods sport a new design, closer to the AirPods Pro, but they lack the rubber in-ear tip. The case also charges magnetically using Apple’s magnetic charger MagSafe.
Apple says the third-generation AirPods have more powerful bass than previous models and that the AirPods now have six hours of battery life for listening to audio.
The new AirPods cost $179 (N102,388) and will hit the shelves next week.
Apple launched its first AirPods in 2016 and turned the wireless earphone market on its head.
Apple is the largest AirPods brand as it holds 29 per cent of the market share in the third quarter of 2020, three times that of its closest competitor, Xiaomi.
Also at the event, the company announced new chips, M1 Pro and M1 Max, for new high-end MacBook Pro laptops.
The M1 Max is a more powerful version of the M1 and M1 Pro. It has 57 billion transistors, Apple said, and a 32-core graphics processor, saying that its graphics processor compares favourably to current laptop graphics processors, especially when using less power.
Apple said the new MacBook Pro laptops are completely reimagined as they will come with Apple’s M1 Pro chip, a new processor Apple says has a 10-core processing unit that is 70 per cent faster than its current M1 chip.
The new models have an HDMI port to connect to displays and TVs, an SD card slot for photographers. It also uses a MagSafe magnetic connector, bringing back a beloved feature from older MacBooks.
Users can still charge using the USB-C ports, of which there are three, which support Thunderbolt connections.
It comes in 16-inch and 14-inch sizes with denser screens and ProMotion screens with a higher refresh rate, a feature that landed on the iPhone 13 this year. The displays are using MiniLED technology, the company said.
The new models do not have a Touch Bar touchscreen on the keyboard but have a fingerprint sensor on the power button.
The 14-inch MacBook Pro starts at $1,999 (N1.1 million). The 16-inch model starts at $2,499 (N1.4 million), representing a slight price increase from previous models.
Apple’s $99 (N56,628) smart speaker, HomePod Mini, will also be available in a variety of new colours including orange, yellow, and blue. Previously, it was only available in white and dark grey.
** FX rates were calculated at N572 per Dollar, the black market rates.
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