EMEA

Italian and Albanian Authorities Break Up Crypto Scam Ring
Italian and Albanian Authorities Break Up Crypto Scam Ring
December 23, 2022  |  Security & Fraud

Italian and Albanian authorities have broken up an organized crime group’s crypto scam.  The group had stolen an estimated 15 million euros (about $16 million),...

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African Development Bank Teams With Bank One on Trade Finance
African Development Bank Teams With Bank One on Trade Finance
December 23, 2022  |  emea

The African Development Bank Group is supporting the trade finance efforts of Bank One Limited.  The Group will provide a $40 million trade finance package that is meant...

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EU Watchdog Probes Twitter for 5.4 Million User Data Breach
EU Watchdog Probes Twitter for 5.4 Million User Data Breach
December 23, 2022  |  Regulation

Ireland’s Data Protection Commission is looking into Twitter after a 5.4 million user data breach. The commission released a statement Friday (Dec. 23) that it...

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India’s PhonePe Officially Separates From Flipkart
India’s PhonePe Officially Separates From Flipkart
December 23, 2022  |  Retail

India-based eCommerce platform Flipkart has parted ways with the digital payments platform PhonePe. The companies announced the severing of their ownership in a Friday (Dec....

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Automation Helps Minimize Friction In Online Insurance Claims Process
Automation Helps Minimize Friction In Online Insurance Claims Process
December 23, 2022  |  Insurance

Automation can be the missing link to minimizing friction in the online insurance claims process. In fact, when it comes to making an insurance claim,...

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How Did Saudi Arabia and Kenya Dodge VC Funding Slowdown?
How Did Saudi Arabia and Kenya Dodge VC Funding Slowdown?
December 23, 2022  |  Investments

After reaching new heights in 2021, VC funding in EMEA slowed sharply in 2022. While final full-year tallies are not settled yet, data from the...

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Circular Economy FinTech Twig Buys Teen Banking Firm Vybe 
Circular Economy FinTech Twig Buys Teen Banking Firm Vybe 
December 22, 2022  |  Digital Banking

Aiming to become “the go-to platform for Gen Z,” circular economy FinTech Twig has acquired Vybe.  The London-based FinTech company rooted in circular economy principles...

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Homegrown Furniture Manufacturers Drive Down Shipping Costs for African Shoppers
Homegrown Furniture Manufacturers Drive Down Shipping Costs for African Shoppers
December 22, 2022  |  Retail

Africa’s online stores are attracting customers with affordable, made-in-Africa furniture design. For example, Nigerian retailer Taeillo has expanded from a Nigeria-focused business-to-business (B2B) furniture manufacturer...

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Private Equity Funds Regroup as Debt Financing Dries Up
Private Equity Funds Regroup as Debt Financing Dries Up
December 22, 2022  |  Investments

Private equity funds are seeking new ways to close deals as debt financing becomes scarce. That’s according to a Thursday (Dec. 22) report from Reuters,...

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