Telecom
Anchor joins Y Combinator’s Summer 2022 Batch, Announces the Launch of Public Beta

Anchor, a banking-as-a-service (BaaS) platform making it possible to seamlessly build financial products in Africa announces its public beta launch. The startup was also accepted into Y Combinator Summer 2022 Batch as the first African BaaS and embedded finance platform.
In recent years, there have been several reports about the size of the Africa financial inclusion opportunity, particularly in reference to the provision of digital financial services.
These reports have brought about a spike in the number of companies and amount of investment activities in the fintech space in Africa. Yet, two things stand out; the minimal impact on financial inclusion, and the persisting difficulty in building and launching a fintech company on the continent.
For context, financial exclusion in Nigeria decreased by only one percent, from 37% in 2018 to 36% in 2020. Also, today, across Africa it takes an average of $500,000 and 18 months to build and go-to market with financial products. This is because companies need to go through the hurdles of rigorous licensing and compliance processes, multiple integration layers, complex banking and third-party relationships, and invest in complicated core-banking infrastructure.
Anchor is launching its public beta API infrastructure to make it easier for African businesses to build, embed and launch financial products, starting in its first market, Nigeria.
Founded by Segun Adeyemi, ex-CEO of Amplifypay, Olamide Sobowale and Gbekeloluwa Olufotebi, Anchor provides API for offering accounts, money movement, savings and card products.
“We built Anchor to abstract away the complexities in building financial products, so businesses can get started in five minutes with a few lines of code”, says Anchor’s CEO, Segun Adeyemi.
In May, Anchor released its private beta working with innovative start-ups like Outpost Health, Dillali, and Pivo. The BaaS platform has transacted millions, growing over 200% MoM, and is now set to launch its public beta for African businesses to embed finance into their offerings and for fintechs to build banking products. Already, the company has more than 40 other startups on its waitlist.
Anchor has raised over $1 million in pre-seed funding from Byld Ventures, Y Combinator, Luno Expeditions, Niche Capital, Mountain Peak Capital, and a host of angel investors including Emmanuel Okeleji (CEO, SeamlessHR), Ado Oseragbaje, Yinka Odeleye, and Sanmi Famuyide.
According to Ashutosh Desai, a Partner at Y Combinator, “Anchor’s embedded finance platform enables technology companies in Africa to build products that can rapidly expand access and improve quality of financial services. We’re excited to back Segun, Olamide, and Gbeke – a highly technical and experienced team – in building financial infrastructure that’s essential for Africa’s economic growth.”
“I believe BaaS will play a prominent role in the distribution of financial services in Africa. As a full stack baas provider, Anchor demarcates customer engagement from infrastructure – enabling its customers to focus on building differentiation as opposed to commodity infrastructure. We are really excited to be working with this determined and experienced team”, Founder of Byld Ventures, Youcef Oudjidane.
Anchor is a solution birthed by the insights garnered from the founders’ experience building and working with fintechs across Africa. The CEO, Segun Adeyemi founded Amplifypay; a payments company which he exited to Carbon (FKA OneFi/Paylater) in 2019. Segun proceeded to work with JUMO—a company that offers credit infrastructure to large mobile money operators across Africa.
Olamide, the CTO and co-founder, has worked at AppZone, TeamApt, Kuda, & Carbon. While at TeamApt he functioned as a Fullstack Engineer in the team that built the first virtual payments product in Nigeria. Gbeke, the Engineering Lead and co-founder, has been an IT Consultant and entrepreneur in Nigeria for over 10 years before joining Booking.com where he built financial operations software.
“We have seen first-hand the painful process of closing banking partnerships, negotiating third-party contracts, and obtaining regulatory approvals. And more generally, the extensive time and effort required to launch financial products,” Segun said.
He added that “considering the similarity in the underlying infrastructure, irrespective of the unique value propositions, companies should not have to wait for years and spend millions to go-to-market. That’s why we are excited to get Anchor into the hands of many more businesses via our public beta launch.”
Telecom
TD Africa Secures AI ISO Certifications

TD Africa, Sub-Saharan Africa’s leading technology distributor, has once again raised the bar for the continent’s digital transformation journey by attaining the ISO 42001 (Artificial Intelligence Management Systems) and ISO 27701 (Privacy Information Management Systems) certifications.
These globally recognized certifications, which set the highest benchmarks for responsible AI deployment and data privacy, position TD Africa as a pioneer in preparing Africa for an AI-powered future.
Speaking on the milestone, Mrs. Chioma Ekeh, CEO of TD Africa, stated: “These certifications are not just badges of compliance; they reflect our deep commitment to building Africa’s digital resilience with trust, governance, and accountability at the core. At TD Africa, we believe Africa must not remain a passive consumer of global innovation but must actively shape and co-create solutions that reflect our unique realities. From financial inclusion to agriculture, healthcare, and digital governance, AI presents limitless opportunities—our role is to ensure Africa is prepared to harness them responsibly.”
ISO 42001 provides the world’s first governance framework for the ethical and transparent deployment of artificial intelligence, ensuring solutions align with human values and global best practices. On the other hand, ISO 27701 guarantees that TD Africa manages personal data with unmatched integrity and security. This is an essential pillar in a time where data privacy is increasingly under threat.
For nearly three decades, TD Africa has anticipated and shaped the future of technology on the continent, not by chasing trends, but by building enduring structures. Beyond its certifications, the company has invested in world-class infrastructure, resilient distribution systems across 47 African countries, and a thriving technology ecosystem. Its TecHerdemy program has empowered over 400 women in technology, further cementing its position as a catalyst for inclusive digital growth.
With trusted partnerships with global technology leaders, TD Africa has consistently delivered on its promise to bridge global innovation with African realities. The attainment of these ISO certifications reinforces its ability to responsibly distribute and support advanced AI technologies across its vast network of resellers.
As the world prepares for the dawn of Artificial General Intelligence (AGI) with breakthroughs such as GPT-5, TD Africa is ensuring that Africa is not left behind. The certifications demonstrate the company’s readiness to give Africa not just access to innovation, but the muscle, discipline, and confidence to use it sustainably.
“This achievement is not just about TD Africa,” Mrs. Ekeh added. “It is a milestone for Africa. The global AI conversation cannot be left to Silicon Valley or Beijing alone. Lagos, Nairobi, Accra, Kigali, and Johannesburg must also have a strong voice. And TD Africa is proud to amplify that voice. We are no longer waiting for tomorrow to happen; we are preparing tomorrow, today.”
With this bold move, TD Africa has reaffirmed its legacy of leadership in technology distribution, while signaling a new era where Africa plays a decisive role in the global digital renaissance.
Telecom
Data Is Life: Why MTN Wants You to Get Smarter with Your Data

If there’s one thing we can all agree on, it’s this: life today runs on data. From morning Instagram scrolls to Zoom classes and late-night Netflix binges, we’re constantly plugged in, streaming, scrolling, and sharing. But if you’ve ever wondered, “Why does my data finish so fast?” or seen that dreaded low-balance pop-up just when you need it most, you’re not alone.
At MTN’s Customer Engagement Day 2025, Ugonwa Nwoye, MTN’s Chief Customer Relations and Experience Officer, addressed this reality in a way that felt both practical and deeply relatable. She spoke about how essential data has become, calling it the lifeblood of modern living. “If you don’t have data in today’s world, you feel cut off. Isolated. That’s how important connectivity is,” she said, capturing how many of us feel when we’re disconnected even for a moment.
Her words struck a chord, especially as she shared candidly about her own experiences. She reminded everyone that many apps continue to run in the background, consuming data without our knowledge, and how video-heavy habits, such as endless TikTok reels or video calls, can quickly drain data bundles.
But the heart of Ugonwa’s message wasn’t just about the challenges; it was about empowerment. She emphasised that MTN’s goal is not simply to sell data but to help customers use it better. She explained how MTN is equipping people with the tools they already have on their phones to track usage, teaching simple ways to control consumption and sharing practical tips for managing apps more effectively. “We’re not just telling you your data is finished,” she said. “We want you to know how it was used and how to make it last longer. It’s about giving you control.”
What stood out most was her willingness to listen. Throughout the session, she engaged directly with real complaints and questions from the audience, from why smaller bundles seem to finish faster, to teachers who spend entire days on Zoom, to concerns about coverage in certain areas. Ugonwa addressed each one, acknowledging frustrations and committing to follow up. “We hear you. From data issues to service gaps, we’re taking notes and acting. Your hustle is important to us, and our job is to enable it,” she reassured the room.
Her approach made it clear that MTN isn’t shying away from customer concerns but leaning into them. In a world where data has become as necessary as food and water, Ugonwa’s session felt like a much-needed reminder that while technology connects us, what really matters is how well it serves the people who rely on it every day. As she closed, the message was simple but powerful: MTN sees you, it hears you, and it is working to make sure your digital life is not just connected but smarter and more empowering.
Telecom
Paradigm Initiative Equips Prosecutors for the Digital Age of Crime

Paradigm Initiative is organising a capacity-building workshop to empower government prosecutors to prosecute cases committed through or facilitated by digital technologies, specifically examining new Artificial Intelligence (AI) trends in alignment with constitutional provisions and international human rights standards.
The two-day workshop in Abuja, Nigeria, is being held under the theme, “Prosecution in the Age of Artificial Intelligence.” It is organised by Paradigm Initiative with support of the Kingdom of the Netherlands under the Stemming the Tide of Abuse in Nigeria’s Digital Space (STANDS) Project. Drawing from new trends in the growing integration of artificial intelligence (AI) and digital systems into public administration and criminal investigations, it aims to find a balance through deep examination and understanding of how these technologies function, the new risks they pose, and the necessary safeguards to ensure that citizens’ fundamental rights remain protected.
This workshop comes at a crucial time, as criminal procedure laws have yet to fully catch up with the realities of the digital age and the evolving ways in which offences are committed. Increasingly, digital platforms are weaponised against victims, violating their privacy and exposing them to harm. With emerging technologies, these threats are becoming more sophisticated, placing mounting pressure on prosecutors to deliver results.
Speaking at the workshop’s opening, Khadijah El-Usman, Paradigm Initiative’s Senior Programmes Officer for Anglophone West Africa and lead on the workshop, highlighted that failure to build this capacity now risks widening the gap between the speed of technological change and the legal system’s ability to respond. This could lead to ill-equipped prosecutors, unintended violations of rights during investigations, and a further loss of public trust in the justice system.
She added, “By investing in targeted training, we can ensure prosecutors are not only keeping pace with emerging threats but are also positioned to advocate for evolving laws in the space.”
In his remarks, the deputy ambassador of the Kingdom of the Netherlands Embassy to Nigeria, Robert Sonnemans, praised the way in which Nigeria is embracing the digital age and the opportunities that come with it. “Artificial intelligence is a clear example of both promise and risk, holding immense potential to strengthen investigations and improve access to justice, but also pressing questions on how to ensure fairness and prevent bias or misuse.
The Deputy Director, Department of Public Prosecution of the Federation, Barrister Ali Baba Rijaiu, urged participants to embrace the training, in his words, “the work we do shapes the trust of citizens in the justice system. If we rise to the demand of this digital age, we will not only defeat crime, we will also safeguard freedom and show that justice in Nigeria is not left behind by technology but strengthened by it.”
- Telecom2 days ago
NCC Claims to Have Eliminated Unregistered SIMs from Telecoms Networks
- Telecom2 days ago
MTN Group Restructures Executive Team, Appoints Toriola VP for Francophone Africa
- Telecom2 days ago
Aliyu Aboki Applauds Broadband Mapping as About Expanding Opportunity in Africa
- E-Financial2 days ago
UBA Secures N5Bn BoI Fund to Boost Women Entrepreneurs, Others
- News2 days ago
Telcos See Biggest Growth Post-COVID – ALTON
- General News2 days ago
Virtual Reality in Healthcare: Nigeria’s Untapped Opportunity for Training, Patient Care, and Medical Innovation
- Telecom1 day ago
FG Scraps 5 Percent Telecom Excise Duty Under New Tax Law
- Telecom2 days ago
IHS Nigeria’s Push for Infrastructure Protection in the Digital Economy