TechCabal Day after day – The importance of SafeTea 🔐

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27 AUGUST, 2021

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Aesthetic morning ☀️ ️

You’ll rapidly be in a location to shop on TikTok.

Thanks to a partnership with Shopify, TikTok users can now shop on profiles using TikTok for Industry.

It’s very such as what Instagram is doing with Instagram for Industry. With any luck, I will opt dance lessons and enhance my legwork for any recent notify 🕺🏿

In this day’s edition:

  • Rapid Fire 🔥
  • The importance of SafeTea
  • What’s going to be going on on the #FutureOfCommerce?
  • How Aboki Africa runs its on-line forex carrier
  • TC Insights: Funding Tracker

QUICK FIRE 🔥 WITH MOULAYE TABOURÉ

Moulaye Tabouré is the CEO and Co-founding father of Afrikrea, a digital marketplace promoting inclusion and accessibility to African model, crafts, arts, and culture. 

Moulaye grew up in Mali and has labored all the blueprint by blueprint of the arena for firms fancy PwC or Alstom. He’s currently dedicating his expertise in African culture to Afrikrea, a platform that now processes 10M$ + of transactions in 150+ international locations. 

Moulaye, declare your job to a six-year-traditional? 

I wait on of us, especially girls folks that carry out African culture products, to promote them all the blueprint by blueprint of the arena, saving them money and time. 

What has been the principle enterprise decision of your profession? 

My most vital enterprise decision used to be to trade our complete enterprise model in the heart of the pandemic. This required us to slash our major income source (commissions) in half of and bet that our customers wished our services and products enough to come to a decision to paying month-to-month! 

Interesting what you realize now, what advice would you give your 18-year-traditional self? 

To now not atomize so important time attempting to enhance what I wasn’t heavenly at however rather focal level on getting even higher at what I loved and showed immense results at.

What are you now reading or observing? 

I’m currently reading the PayPal story that reveals the insides of this inconceivable odyssey chubby of fabulous personalities. As we’re currently fundraising, I’m additionally observing episode after episode of Shark Tank to rep in the mood! 

Whereas you didn’t want to sleep, how would you consume the extra hours? 

Hmmm, immense quiz! I imagine doing more of what I fancy: talking to our customers (we’re fortunate they’re international, so it is consistently daylight hours someplace) and analysing our numbers to figure out more insights to pork up our boost.

How has your firm adjusted to the pandemic? 

We had been fortunate that our vendor neighborhood renewed and reinforced their belief in us after we changed our enterprise model. Our sales grew to more than twice the amount sooner than the pandemic and our income grew 5 cases as we supported our sellers some distance and wide – now not only on our marketplace. And that’s purely the starting! 

PARTNER CONTENT


Develop your on-line sales with a Paystack Storefront – a free, pleasing vendor web page that helps you bring ingenious solutions to life.

🏾 Be taught more at paystack.com/storefront

THE IMPORTANCE OF SAFETEA

You survey, I’ve consistently thought that the fastest technique to rep of us to be taught recent things is to write it actual into a song (🎵 hydrogen, helium, lithium, beryllium🎵 ) or code it actual into a sport. 

So imagine how enraged I used to be after we came upon Digital Steady-Tea, a brand recent interactive fiction sport geared in direction of offering African girls folks with tips on digital security. 

Developed by Paradigm Initiative and Pollicy, Digital SafeTea is a get-your-lunge sport the put avid gamers expertise digital threats fancy zoom bombing, misrepresentation or revenge porn, and rep tips on how supreme to react to those scenarios.

What’s the tea on this?

Whereas you frequent Twitter, it is doubtless you’ll unbiased take into account a Twitter boycott led by girls folks earlier this year, in April. A identical one used to be held in 2017 and the motive isn’t some distance-fetched: girls folks aren’t safe on-situation, or on-line. 

In line with Amnesty Global, one problematic tweet is dispensed to ladies folks every thirty seconds. This describe additionally espouses that on the very least 52% of young girls folks and girls get skilled some carry out of abuse on-line, and black girls folks are more doubtless to be targets of these on-line abuses. 

From doxxing which involves sharing non-public data of girls folks on-line, to revenge porn, bullying, and even death threats, there’s loads of vitriol directed at girls folks on-line. A explore by Pollicy showed that 80% of girls folks stable their on-line security by altering passwords only. 

Platforms fancy Digital SafeTea – a play-on-phrases on the phrase “Safety” and “Tea” – wait on suppose African girls folks the system to reply to those advanced scenarios, and what else they will attain to be sure on-line security. 

How does it work?


First, you identify your persona: Goitse, Dami, or Aisha. 

Through the storylines of these characters, avid gamers are presented with diverse threatening eventualities the put they’re nudged to make a settle on the ideal responses to come to the next stage.

As avid gamers weave by blueprint of the maze of threats, they’re presented with lessons on the system to navigate such threats in exact life. Players are additionally directed to web sites and toolkits the put they will rep extra studying on their desired topic.

Read more in Koromone’s review of Digital SafeTea

PARTNER CONTENT


Join the Future Africa Collective – an weird neighborhood of merchants who make investments in startups building the system forward for Africa. With a $1,000 annual or a $300 quarterly subscription fee, you rep access to make investments a minimum of $2,500 in as a lot as 20 swiftly-rising African startups every year. Be taught More

WHAT WILL BE HAPPENING AT THE FUTURE OF COMMERCE?


Ok, follow me for a couple of seconds. Per chance you’ve been seeing our invitation to register and support the Future Of Commerce, however you’re now not barely distinct what’s going to happen on the match, so that you just haven’t registered or invited your friends. We rep you, and the suspense is over because right here’s a lineup of a couple of of what we’ve planned for you at #FOC2021

  • Panel sessions: There’ll be a heavenly sequence of insightful panels on the convention addressing linked subject matters in the industry. There’ll be panels about payments, logistics, and loads more!
  • Strategic workshops: We’re retaining a few catalytic workshop sessions on the convention. One of them is a pitch session the put four seed-stage startups will rep of finishing as a lot as pitch to a strategic roundtable of merchants. 
  • Networking sessions: There’ll additionally be lots of opportunities so that you just can network with of us that would possibly doubtlessly get your tiny enterprise forward. These sessions will be intense and highly productive and we anticipate that you just put together your minds upfront.
  • Tune breaks: On story of we additionally know the blueprint to get fun, there’ll be a couple of music breaks the put you revel in performances from a couple of of your favourite artists.

Unruffled uncertain? We hope now not. Steady your space now sooner than it will get taken.

The Blueprint forward for Commerce is brought to you in partnership with DAI Magister and Paystack and is sponsored by DorokiChipper MoneyKlasha, and VerifyMe.

OPPORTUNITIES

Seedstars is trying for applications from ingenious minds, democracy consultants, programmers, and graphic/web designers for the Digital Democracy Scream. 

The Scream is a international hackathon that objectives to develop innovative alternate choices which toughen and enhance digital democracy for residents living under strict cyber restrictions and administration. The high three alternate choices will be awarded with $10Ok USD for first put, $8K USD for second, and $6K USD for third.

Be taught more in regards to the notify right here.

HOW ABOKI AFRICA RUNS ITS ONLINE FOREX SERVICE


In 2019, Idorenyin Obong had a notify. 

“I needed to pay my hire with the money however I had saved up in US bucks,” he says. “I take into account spending most of my day attempting to rework USD to Naira.” To resolve this notify, Idorenyin employed the services and products of one in every of the assorted money changers in Lagos. 

Right this moment time,it will probably per chance be tough for Idorenyin to search out a money changer due to the ban on sale of foreign replace to money changers by the Central Financial institution of Nigeria (CBN)

Idorenyin is conscious of many different Nigerians will face the finishing up of discovering official money changers. It’s why he partnered with Joseph Aghedo to came upon Aboki Africa.

Aboki Africa offers digital foreign bank accounts and foreign trade services and products to Nigerians via its web-based mostly platform. The platform used to be launched in 2020 as an on-line money trade carrier. Customers can transfer foreign replace from domiciliary accounts to their Aboki accounts in trade for naira and vice versa.

What’s catchy about this resolution is the fee label? Aboki Africa charges a 1% fee on every transaction with a cap at ₦3,000 (spherical $6).

Read more in Michael Ajifowoke’s Aboki Africa charges 1% fee on its on-line forex carrier

WE WANT TO HEAR FROM YOU

Timi: Individually, I’m now not a mountainous possibility taker so it would all count upon loads of things including work culture, boost opportunities, diverse benefits, & barely importantly, how low is low?👀

Would you attain it?

TC INSIGHTS: FUNDING TRACKER

This week, Nigerian fintech OPay raised $400m. It is the single-supreme funding spherical closed by an African-based mostly startup and marks the SoftBank Vision Fund’s first funding in an African startup.

Utterly different members in the spherical had been Sequoia Capital China, DragonBall Capital, Redpoint China, Source Code Capital, SoftBank Ventures Asia, and 3W Capital. 

The varied offers for the week are:

  • Nigerian startup Suplias, raised an undisclosed amount from Atacama Ventures, Soma Capital, and diverse merchants.
  • MaxAB, an Egyptian eCommerce platform raised an extra $15m from present merchants bringing its complete Series A funding to $55m, the supreme ever by an Egyptian startup.
  • Egyptian startup Odiggo, a digital marketplace for automobile spare parts, closed a $2.2m funding spherical from YC, 500 Startups, Trot and Play Ventures, Seedra Ventures, LoftyInc Capital, and Essa Al-Saleh.
  • Kenyan retail-tech startup, MarketForce secured $100Ok from the Harambeans Prosperity Fund, an addition to its $2m pre-Series A spherical.
  • Nigerian fintech startup Awabah raised US$120Ok after joining the Techstars London accelerator programme.
  • South African e-health startup VitruvianMD raised $659okay from Singapore-based mostly Verge Healthtech Fund and a few angel merchants. 
  • pawaPay, an African payments firm, secured a $9m seed fund. The spherical used to be led by MSA and UK-based mostly funding fund 88mph. Vunani Capital, Kepple Ventures, and Zagadat Capital additionally participated in the spherical. 

That’s all we’ve got this week! 

Follow TC Insights on TwitterInstagram and LinkedIn for more updates on funding offers.

JOB OPPORTUNITIES


Per week, TechCabal shares job opportunities in the African ecosystem.

There are more opportunities right here. Whereas you’d opt to portion a job opening or a likelihood, please fill this carry out.

What else we’re reading

  • The PayPal story. This article discusses the successes of PayPal and shares perception into the firm’s history and model.
  • Whereas you make exercise of a WhatsApp mod, then it is doubtless you’ll unbiased would like to be taught this. Kapersky has came upon a malicious code spreading by blueprint of a WhatsApp mod.
  • Noperide, an e-hailing platform, is promoting inexperienced living by blueprint of its services and products. How? Your complete autos are 100% electric!
  • This thought portion by Tech Insider argues that virtual work is getting more gloomy. Why? On story of companies are overusing tech to song workers.

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