- Okra Raises $1m to Connect Bank Accounts to Apps
Nigerian new startup, Okra, has raised $1 million in pre-seed funding from TLcom Capital to connect bank accounts to Apps.
The financial technology startup founded by Fara Ashiru Jituboh and David Peterside in June 2019 will focus on connecting accounts and financial data to banking apps.
According to Ashiru Jituboh, “We’re building a super-connector API that…allows individuals to connect their bank accounts directly to third party applications. And that’s their African bank accounts starting in the largest market in Africa, Nigeria.”
Okra is focusing on Africa’s largest market at the moment, according to Ashiru Jituboh. The Africa’s most populous nation serves as a major financial hub on the continent. However, there’s still a disconnect between fintech apps and banks.
She said: “There are approximately 125mn banks accounts in Nigeria alone – but over the course of the next two years, we will see that figure rise exponentially, which presents huge opportunities for growth. Our role within this is to deliver ease, speed, and transparency to key players within the fintech space so they can get back to driving our continent forward.”
“Simple financial tasks like budgeting, internal reconciliations, and credit assessments have been additional stressors for businesses and we’re filling a long-standing gap in the market,” Co-Founder and COO, David Peterside explains, adding that the aim is to make the processes seamless for clients so they can focus on their core services.
“Our thesis is simple – financial innovation cannot exist without the proper infrastructure, which is data,” Co-Founder and CEO Fara Ashiru Jituboh said. “Essentially, how far the African fintech sector can grow is intrinsically tied to the success of infrastructure like Okra and with our core market in Nigeria, we’re opening the door to another level of innovation in Africa’s largest market.”
Top 10 iOS Game Apps Record Over 190k Daily Installs in the US
10 iOS Game Apps Record Over 190k Daily Download in US
Data presented by Stock Apps indicates that the top ten games apps on iOS in the United States recorded an estimated 190,385 cumulative daily installs. The installs areas of as of September 23, 2020.
Pandemic spurs mobile gaming growth
Clash of Clans ranks top with about 21,667 daily installs. Pokémon GO has the second-highest installs at 21,346 followed by Coin Master with 20,824 daily installs. Among Us and Candy Crush Saga occupy the fourth and fifth spots at 19,890 and 18,898 respectively.
Other notable isntalls were recorded by Call of Duty(18,771), Homescapes(18,046), Roblox(17,040), Gardenscapes (16,948) and Toon Blast (16,864)
The research also overviewed the gross revenue for the day for the ranked games. Cumulatively, the games generated $9.75 million. Roblox leads with $2.48 million followed by Pokémon GO at $1.92 million while Candy Crush comes third at $1.86 million. Coin Master is fourth with a revenue of $978,273 while Homescapes closes the top five categories with $865,142.
Other game apps to generate significant revenue include Gardenscapes(16,948), Clash of Clans(21,667), Toon Blast(16,864), Call of Duty (18,771)and Among Us(19,890).
This has witnessed the growth of mobile gaming due to various factors. According to the research report:
The daily installs and revenue can be considered high having built on the moment established during the coronavirus pandemic. At the peak of the health crisis, most people were in lockdown and shifted to mobile games as a means of passing time. Notably, before the pandemic, mobile gaming on iOS and other platforms was growing rapidly. iOS game developer companies have been investing more resources into creating new games and mobile versions of well-known stationary games.”
The penetration of mobile devices is further expected to spur growth.
Nigeria, South Africa, Others Experience Millions of Cyber Attacks in 2020
South Africa, Kenya and Nigeria Saw Millions of Cyber Attacks in 2020 and the Year is Not Over Yet
Kaspersky security solutions have reported 28 million malware attacks in 2020 and 102 million detections of potentially unwanted programs (pornware, adware etc.) they have accounted for by the beginning of August 2020. These numbers show that it’s not only the malware that attacks users but also the “grey zone” programs that grow in popularity and disturb their experiences, while users might not even know it is there.
Potentially unwanted applications (PUAs) are programs that are usually not considered to be malicious by themselves. However, they are generally influencing user experience in a negative way. For instance, adware fills user device with ads; aggressive monetising software propagates unrequested paid offers; downloaders may download even more various applications on the device, sometimes malicious ones. While calculating interim results of threat landscape activity in African countries, the researchers noticed that PUAs attack users almost four times more often than traditional malware. They also eventually reach more users: for instance, while in South Africa, the malware would attack 415,000 users in 7-months of 2020, the figure for PUA would be 736,000.
“The reason why ‘grey zone’ software is growing in popularity is that it is harder to notice at first and that if the program is detected, its creators won’t be considered to be cybercriminals. The problem with them is that users are not always aware they consented to the installation of such programs on their device and that in some cases, such programs are exploited or used as a disguise for malware downloads. This is why many security solutions, including ours, flags such programs to make sure users are aware of its presence, influence on their device and activity,” says Denis Parinov, a security researcher at Kaspersky.
By taking a closer look at PUA, it becomes apparent that they are not only more widespread but also more potent than traditional malware. Evaluating results over the same 7-month period in Nigeria, there were 3,8 million malware attacks and 16,8 million PUA detections – which is four times as much. Kenyan and South African threat landscapes have been more intense. In South Africa, there were almost 10 million malware attacks and a staggering 43 million PUA detections. Kenyan users faced even more malware attacks – around 14 million, and 41 million PUA appearances.
Healthcare Startups Raised $111.4bn in Total Funding, a 34% Jump Year-on-Year
Startups in the Healthcare Sector Raises $111.4bn in Funding
The coronavirus pandemic put enormous pressure on the healthcare industry, forcing pharmaceutical giants and institutions to roll out clinical trials for a COVID-19 vaccine at breakneck speed. But behind the COVID-19 outbreak as the main healthcare issue in 2020, large health systems and venture capital firms continued investing millions in startups whose products could bring critical healthcare delivery innovation.
According to data presented by Buy Shares, UK, the total amount of funds healthcare startups raised over time hit $111.4bn in September, a 34% jump year-on-year.
Total Funding Amount Surged by 162% in Three Years
In 2015, healthcare startups worldwide raised $5.4bn in funding rounds, with the cumulative value of investments reaching $24.4bn that year, revealed the CrunchBase data. During the next two years, this figure surged by more than 68%, reaching $45.5bn in the fourth quarter of 2017.
Statistics show that 2018 delivered a $19.2bn of investments into healthcare startups, while the cumulative funding value rose to $64.7bn. In 2019, the total value of raised funds jumped by $24.7bn to $89.4bn, the most significant increase year-on-year.
The Crunchbase data revealed the first quarter of 2020 delivered $7.1bn worth investments into healthcare startups, a 51% increase year-on-year. Between April and June, the cumulative value of funding rose to $103.7bn and continued growing. Statistics show the total funding amount healthcare startups raised over time surged by 162% in the last three years.
Analyzed by geography, North America represents the leading region with $72.4bn of investments in healthcare startups. The US companies raised more than 97% of that amount, with California and San Francisco as the leading hubs. Asian startups hit $25.5bn in total funding, ranking as the second-leading region globally. European healthcare startups follow with $12.8bn worth funding rounds.
Three Largest Funding Rounds in 2020 Worth Over $2bn
The CrunchBase data also revealed the three largest healthcare startup funding rounds this year hit over $2bn value.
Last month, JD Health, the healthcare unit of Chinese e-commerce giant JD.com, raised more than $830 million from Hillhouse Capital in Series B funding, the largest investment in 2020. The company announced it would use this capital to further strengthen its pharmacy supply chain capabilities and explore additional healthcare services opportunities in the broader healthcare sector.
In July, Seattle-based biotech startup Sana Biotechnology raised $700 million in initial financing that will be used to advance the company’s discovery and development programs that deliver engineered cells as a treatment for different types of diseases.
Statistics show that Lyell Immunopharma`s $493 million worth Series C funding round represents the third-largest healthcare startup investment in 2020. Last year, the San Francisco-based company joined forces with GlaxoSmithKline plc to develop new technologies to improve cell therapies for cancer patients.
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