2024-09-02
Financial Times
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A US court fines Dozy Mmobuosi, the founder of Tingo, which sells phones to African farmers, $250M+ after the SEC said he inflated financial performance metrics
WHEREAS Plaintiff Securities and Exchange Commission (†… TechCabal : Tingo Group CEO Dozy Mmobuosi must pay over $250m after inflating financial performance X: Abubakar / @iatalkspace : The business...
2024-08-28
TechCrunch
13 related
Kenya-based Wasoko and Egypt-based MaxAB, two of Africa's largest B2B e-commerce platforms, merge in an all-stock deal; the companies raised over $240M combined
450K+ merchants across 5 markets —$180M payment volume in Egypt, surpassing commerce sales —disbursed $20M in merchant financing; <1% default. —4,000+ employees. https://techcrunch.com/... @frankelean...
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