collection

Nigerian Startup Bfree Secures $3M Investment to Support Ethical Debt Recovery for Lenders

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Bfree, a tech-enabled debt collection startup based in Nigeria, was founded to automate and introduce ethical debt recovery processes after its founders witnessed the use and adverse effects of aggressive retrieval techniques, such as incessant calling and debt-shaming, by predatory digital lenders. It also launched a loan collection management SaaS dubbed Workflow, which targets companies with in-house collection teams or those that are not keen to outsource. Bfree to create secondary market for loansIts current loan portfolio stands at over $400 million, out of which it has managed to collect 12.5%. He added that they also have an analytics solution for banks to help them gain insights into secondary debt markets. “We foresee the growing prominence of credit management and are confident that Bfree will spearhead the creation of a secondary market on the continent for distressed assets.

“Defending the Use of AI: Selkie Founder’s Bold Stance on Cutting-Edge Dress Collection Sparks Controversy”

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An extra toe is like a representation of where we are beginning.”But when the brand announced that the collection was designed using generative AI, backlash was immediate. In the year since she finalized designs for this drop, public opinion of AI art has shifted significantly. As generative AI tools become more sophisticated, the use of AI in art has also become increasingly polarizing. Of course, not all generative AI is exploitative; as a VFX tool, it’s immensely useful to enhance animations, from creating more realistic flames in Pixar’s “Elemental” to visualizing complex scenes in HBO’s “The Last Of Us.” There are plenty of examples of morally bankrupt applications of generative AI. But most of the generative AI debate settles into a morally gray area, where the parameters of exploitation are less defined.

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