Bfree, a tech-enabled debt collection startup based in Nigeria, was founded to automate and introduce ethical debt recovery processes after its founders witnessed the use and adverse effects of aggressive retrieval techniques, such as incessant calling and debt-shaming, by predatory digital lenders. After its launch in 2020, the startup introduced a number of scalable debt […]
EU AI Act secures committees’ backing ahead of full parliament vote
The European Parliament’s civil liberties (LIBE) and internal market (IMCO) committees have overwhelmingly endorsed draft legislation setting out a risk-based framework for regulating applications of artificial intelligence. In a vote this morning the committees voted 71-8 (with 7 abstentions) in favor of the compromise negotiated with EU Member States at the back end of last […]
Kenya’s Ilara Health gets $4.2M backing to expand clinic-support services
Ilara Health, a Kenya-based health-tech enabling private clinics to access diagnostic devices and pharmaceutical products, has secured $ 4.2 million debt-equity in a pre-Series A round. The funds will be used to scale operations in the East African country, and to deepen health care access to the masses through the rollout of a B2B health […]