Nala set out to offer remittance services, it’s building a B2B payment platform too It says, this is to guarantee reliability to its app users and businesses making payments into and out of AficaPayments company Nala pivoted to offer remittance service in 2021, tapping the growing money transfer market in Africa, and demand for reliable and affordable services.
For markets like Kenya, they have integrated with mobile money service M-Pesa enabling users living in the diaspora to pay local bills directly.
However, building the service on the payment rails of other providers meant that the fintech could not guarantee dependability.
This drove the decision to develop its own platform that directly integrates with banks and mobile money providers.
The remittance business growth coincides with reports that remittance flows to sub-Saharan Africa will continue on a growth trajectory.
ShopMy, a marketing platform for content creators to connect with brands and monetize their content, announced today that it raised $18.5 million.
To date, creators have earned “tens of millions in commissions” on the platform, the company tells TechCrunch.
“He observed a significant disconnect in the social media ecosystem: influencers struggled to monetize their product recommendations effectively, and their followers didn’t have an easy path to purchase.
Chris viewed ShopMy as the solution, a bridge that transformed how influencers share and monetize their product recommendations,” Rein explains.
Even Instagram has embraced creator marketing, launching a marketplace tool for paid partnerships in 2022.
Former web3 gaming founders raise $2.5M for their NFT marketplace to retain users even when there ‘isn’t money to be made’Even though NFT sales volume is still down 88% from 2022 all time-highs (and down 38% year-to-date), Pallet Exchange is building a new type of NFT marketplace focused on user retention.
“It’s cool if there’s a lot of financial innovations happening, but at the same time we saw there’s pain points from a user experience,” Li said.
It’s using social media tactics like in-app messaging that lets people interested in the same NFT collections engage with each other on its marketplace.
That’s when Seiyans, an Sei-based NFT collection fueled by meme culture, capitulated the new blockchain and marketplace into the talk of the crypto world.
Down the line, Pallet plans to look into working with big partners in the art marketplace and create a separate marketplace for those creators.
TikTok is expanding its Effect Creator Rewards monetization program to more regions and lowering its payout threshold, the company announced today.
The program, which launched in May 2023, rewards creators for the effects they make through TikTok’s AR development platform, Effect House.
TikTok is also updating the program’s payout model, as creators will now only receive rewards for effects used in public videos.
Effect Creator Rewards is now available in a total of 53 regions.
Previously, creators needed an effect to have been used in 200,000 qualified videos within 90 days for the effect to start collecting rewards.
The “State of Subscription Apps” report offers a bird’s-eye view into the subscription app universe, as RevenueCat has nearly 30,000 apps using its platform’s tools to manage their monetization.
Outside of Apple and Google, that makes RevenueCat the largest collection of subscription app developers on one platform.
For instance, 59% of the apps that reach $1,000 will go on to reach $2,500 and 60% of the apps that reach $2,500 will make it to $5,000.
The report highlights other aspects of the race to subscription app monetization, as well, including that North America-based apps have 4x the monetization of the global average.
The larger report gets into more specifics that will be useful to subscription app developers, including details about subscription packages, pricing, trial strategies, conversion, refund rates, retention, growth, and more.
Throne, which lets fans gift items to creators from their wishlist, is launching a new gifting portal for family and friends called Happy Wishlist.
The co-founders started exploring the idea of Throne when some of their creator friends talked about issues like creating a P.O.
Fans can gift creators items from that list.
While the company was about to raise Series A, it decided to turn towards profitability and returned the investor money by December 2023.
Essentially, Throne is diversifying its revenue sources already — instead of raising money, it wants to make money.
Zora co-founder Jacob Horne and Goens see crypto and AI as two complementary technologies that can benefit from one another.
“Crypto wants information to be on-chain so that it can be valued and add value to the system,” Goens said.
“And then AI wants information to be on-chain so that it can be freely accessed and utilized by the system.
“We need systems that can help bring all of these things on-chain and that’s what we’re trying to do at Zora,” Goens said.
This means these AI creators have the ability to capture value from their models’ outputs when people mint them and the payouts are split in half automatically.
But the company has also released a new API called FinanceKit that lets developers fetch transactions and balance information from Apple Card, Apple Cash, and Savings with Apple.
The most requested credit card integration is now live on Copilot Money 💳 Starting today, Copilot can keep track of your Apple Card, Apple Cash, and Savings accounts.
It released the Apple Card in 2019.
Earlier this year, it said that Apple Card users earned $1 billion in daily cash rewards in 2023.
In April 2023, Apple launched a savings account with a 4.15% APY in partnership with Goldman Sachs.
Venture capital funding has never been robust for women or Black and brown founders.
Read about funding for Black foundersFunding to Black founders has been on a steady decline since 2021, implying that investors have either lost interest or focus on backing Black founders.
This is a big deal because after the murder of George Floyd, the venture and startup ecosystem made promises to better support Black founders.
Since 2022, TechCrunch has been speaking with experts to find out what is needed to help boost funding to Black founders.
To help gather data, last year, Crunchbase announced it would officially start tracking the amount of venture capital dollars allocated to LGBTQ+ founders.
It did so, however, with the ambitious goal of creating a walking bipedal robot in a year’s time.
Humanoid robots are having a moment.
The goal of the deal is to “develop next generation AI models for humanoid robots,” according to Figure.
“We are excited to collaborate with Figure and work towards accelerating AI breakthroughs,” says Microsoft Corporate VP, Jon Tinter.
Mechatronics are easier to judge in a short video than AI and autonomy, and from that perspective, the Figure 01 robot appears quite dexterous.
