LemFi is a financial technology product registered under Lemonade Technology Limited in Canada. The fintech product is regularized by the Financial Transactions and Report Analysis Centre of Canada as a Money Service Business. They aid simple international money transfer through a mobile application and boast of over 500,000 customers. As announced by LemFi’s Co-founder Ridwan,…
India: Ather Energy’s EV Boom
Ather Energy is an electric scooter manufacturer that was founded in 2013 (10 years ago) with its headquarters in Karnataka, India. The private company is one of India’s largest electric two-wheeler manufacturers, and its portfolio of scooters include the Ather 450S, Ather 450X and Ather 450X Pro. As reported by CNN, Ather Energy’s CEO confirmed…
Getir Cuts 2,500 Jobs
Getir is an on-demand grocery and food delivery company founded in 2015 and headquartered in Istanbul, Turkey. In 2022, the company announced a funding round of $768 million USD, that saw its valuation hit approximately $12 billion USD. Some of the regions being served by the delivery company include Turkey, Netherland, Germany, United Kingdom, and…
Threads Rolling Out Web Version
Instagram’s Threads was launched in July 2023 as a direct X competitor. The platform experienced rapid growth upon release and saw sign ups reach a 100 million mark in less than one week, signaling a positive adoption for the text-based application. Multiple consumer reports have mentioned a dwindling retention rate but no official statement from…
Amazon Launches Fire TV Channels App
Amazon Fire Tv is a digital media and console player manufactured by Amazon and initially released to US customers in 2014. The device allows users stream audio and video contents on the internet through a television. The media player can be assessed using 2 mediums, a set-top box and a HDMI plug-in stick. According to Amazon Fire Tv,…
Somalia: TikTok, Telegram & 1XBet Banned
Somalia is a Country located in the Easternmost part of mainland Africa. It is bordered by Ethiopia, Djibouti, Gulf of Aden, Indian Ocean, and Kenya. The Country has an estimated population of approximately 17 million people and is reportedly part of the least developed Country’s group, with over 65% of the populace living below the…
SEGA $776 Million Rovio Deal
Sega Corporation is a multinational video game and entertainment company founded in 1960, with its headquarters in Tokyo, Japan. In 2001, the entertainment company stopped manufacturing video game consoles and pivoted to developing game software’s, before being acquired by Sammy Corporation in 2004. Sega is now a subsidiary of Sega Sammy Holdings. One popular video…
Pyxis Ocean: The Wind Powered Cargo Ship
The idea of utilizing the wind to propel ships is not new, in fact, wind-powered ships were the primary means of water transportation for centuries. However, the development of steam and diesel engines led to the decline of wind-powered vessels. According to BBC, a cargo ship fitted with a giant, British-designed special wind-powered sails is…
The First All-Electric Lamborghini
Automobili Lamborghini popularly known as Lamborghini, is a luxury vehicle manufacturer with its headquarters in Sant’Agata Bolognese, Italy. It was founded in 1963 (60 years ago) and is owned by Volkswagen under its Audi subsidiary. With models like the Aventador, Revuelto, Huracan and Urus, Lamborghini brands are synonymous with powerfully engineered vehicles. The Italian luxury…
Gree Recalls 1.5 Million Humidifiers
Gree is a Chinese home appliance manufacturer that makes air conditioners, fans, water dispensers, rice cookers, air purifiers, water kettles, humidifiers, induction cookers, etc. It is also the world’s largest residential air-conditioner manufacturer. The company was restructured to general appliances in 1994 with its headquarters in Guangdong, China. The US Consumer Product Safety Commission announced…