Nigeria Becoming Destination for Africa’s Promising Tech Startups

Abuja, Nigeria — In February, the Nigerian technology startup CrowdForce announced a big break: It had received $3.6 million from investors to expand its financial services operations to many more underserved communities. Co-founder and Chief Executive Officer Tomi Ayorinde said new funding will boost its mobile agent network from 7,000 to 21,000 this year. “We … Read more

Facial-recognition startup Clearview AI agrees to restrictions in court settlement

CHICAGO — Facial recognition startup Clearview AI has agreed to restrict the use of its massive collection of face images to settle allegations that it collected people’s photos without their consent. The company in a legal filing Monday agreed to permanently stop selling access to its face database to private businesses or individuals around the … Read more

Startup Flips Difficult Onsite Housing Construction Process On Its Head

Flashpoint Building Systems’ co-founder Nick Stoppello demonstrates how the startup’s technology … [+] can print construction details on a project’s subfloor for easy, higher quality builds. Flashpoint Building Systems Picture this. You are on a job site building a new home. One room has three windows. For each window you have to flip through 40 … Read more

Saskatchewan startup plots growth in mission to ‘rethink’ the workplace fridge

A local technology startup company in Saskatchewan that installs smart fridges that stock themselves is looking to expand its reach through Saskatoon and outward. Focused on fueling the workforce of the future, Cubbi is working to create an easier grocery shopping experience for people and businesses. 2:01 Saskatchewan entrepreneur launches first made for workplace fridge … Read more

Tiny cannabis software startup Jointly is offering workers a novel perk — reimbursements for weed purchases

Cannabis software startup Jointly Better Inc. plans to attract employees by offering monthly reimbursements for legal cannabis purchases as part of its compensation package. The Los Angeles company’s co-founder figures the cannabis benefit will help it hire about 25 employees by the end of the year, after it announced $5 million in seed funding from … Read more

Online ordering startup Owner.com raises $15M

Owner.com offers website building, online ordering and other tools for restaurants. / Photograph courtesy of Owner.com Online ordering company Owner.com has raised $15 million as it looks to continue adding to its toolbox for independent restaurants. The investment is the second in six months for the company, which has overhauled its business over the past … Read more

Business Class: Madison music streaming startup LÜM to close for good | Business News

Just a few months after announcing its intent to embrace what could be the next age of the internet, Madison-based music streaming company LÜM (Live Undiscovered Music) is shutting down for good. The closure comes after the startup, which operates out of its East Side office, said at the end of December it was relaunching … Read more

Circular economy startup Loopfront sees 300% increase in users

Ahead of our NextGen Nordics conference on 27 April 2022, we will be putting together a weekly briefing of all the top stories that are emerging out of the region and setting the blueprint for payments innovation across Denmark, Finland, Iceland, Norway, and Sweden. NextGen Nordics will bring together multiple stakeholders – the banking community, … Read more

Startup founder says he lost his company and $100 million by relying on Facebook: ‘Sends chills down my spine’ to watch others build businesses on Instagram and TikTok

LittleThings founder Joe Speiser said this week that he lost $100 million thanks to Facebook. The network in 2018 rolled out an algorithm change that upended the digital news world at large. A founder who says his company went under thanks to a Facebook algorithm tweak in 2018 shared more details about the incident in … Read more

More tech startups gravitating to Vermont

BURLINGTON, Vt. (WCAX) – High-tech companies looking to get off the ground are increasingly using Vermont as the launching pad. What does a geo-based social media app, a mobile amazon Alexa device creator, and an mRNA manufacturing company all have in common — Vermont is their home. A growing number of founders of new companies … Read more