TechCabal

New data from the Nigerian Communications Commission (NCC) shows that Globacom, the Nigerian telecoms company that was shut out of emails and work applications after a ransomware attack, has lost significant market share. The NCC reviewed subscriber data and found that Globacom telco had only 19.1 million active subscribers in September 2024, a significant decline from the 62.1 million subscribers it recorded in March 2024. Click here to read the full article: https://lnkd.in/d43_H4Zy

iPhone users can now record phone calls, but this call recording feature has a significant 'downside' you must be very careful about. See details: https://lnkd.in/dpF3cwQA

SpaceX-owned satellite provider Starlink may face sanctions from the Nigerian Communications Commission (NCC) after it increased subscription fees without the regulator’s approval. One person with direct knowledge of the matter said Starlink wrote to the regulator to get approval for the price hike but did not wait for a response. Click here to read the full article: https://lnkd.in/dZKJufuU

Moniepoint, a Nigerian fintech startup that processed 5.2 billion transactions in 2023, has raised $110 million in a funding round led by Development Partners International (DPI), according to two people with direct knowledge of the deal. The new financing round will almost triple the company’s valuation, which was around $400 million in a 2022 funding round in which it raised $50 million. Bloomberg reported at the time that the company was eyeing a valuation of $1 billion, but that was ultimately elusive, said two investors with knowledge of the matter. “They got the primary round at a $1 billion valuation,” one person with knowledge of the matter said, declining to be named so they could speak freely. That post-money valuation means Moniepoint, founded in 2015, will become the continent’s eighth unicorn. Click here to read the full article: https://lnkd.in/df9VxVRk