This list of stories will help you find out about the latest happenings in the tech world today.
1. Nigerian Remoto launches electric car service business
Nigerian Remoto has launched its electric car service business, connecting car owners with service shops across the metropolis.
The startup seeks to provide individuals and fleet owners with access to certified service shops through its online platform.
It was found that the startup was founded in 2021 and has grown to establish three Remoto products.
Remoto users can now choose to purchase its auto repair insurance, sign up for an annual maintenance contract, or participate in on-demand repairs.
Speaking on the development, Richards Ijebor, CEO of Remoto, lamented the need for the service as high-end car service is expensive.
“The cost of accessing premium vehicle maintenance services at a standard workshop is very expensive and out of reach for most vehicle users, who have no choice but to hire technicians cheap ones that mostly use counterfeit spare parts,” he said. noted.
“In addition, companies spend twice as much as individuals to maintain their vehicles. This is a problem that Remoto car repair insurance and annual maintenance plan will solve,” the CEO added.
Tech Trivia: Which organization manages domain name registration services?
Answer: See end of post
2. Egyptian Homzmart acquires German tech company MockUp Studio
Homzmart, an Egyptian startup, has completed the acquisition of Berlin-based tech company MockUp Studio.
READ ALSO: E-commerce Startup, Afrikrea, Closes $6.2M Pre-Series A Round
The development comes as the Egyptian company looks to add to its product offering.
Homzmart is one of the leading furniture and homeware marketplace platforms in the Middle East and was founded in 2020 by Mahmoud Ibrahim and Ibrahim Mohamed.
The startup operates as a digital platform connecting homeware and furniture manufacturers and brands with end consumers.
In 2021, the startup closed a US$15 million Series A funding round and tripled in size during the year.
The acquisition of MockUp Studio will allow users of the furniture company to visualize their furnished home in minutes.
3. Capital Appreciation Limited acquires Responsive Technology
Capital Appreciation Limited, a fintech company based in South Africa, has consolidated the acquisition of the Responsive Technology group.
The acquisition was priced at R48.68 million and included 100% of Responsive Tech Proprietary Limited and Responsive Digital Proprietary Limited, and 71% of Rethink Digital Solutions Proprietary Limited.
According to local media, Responsive Technology is a digital solutions group that designs and develops digital applications with clients in South Africa, the United States, Europe and the United Kingdom.
The company claimed to have served leading companies in South Africa including Brambles Limited (CHEP), Capitec, Coronation, Experian, MoneyGram, Nedbank and Old Mutual.
In addition, Capital Appreciation is expected to subscribe to 20% of the issued shares of Regal Digital BV, a related technology company located in the Netherlands, for a cash investment of €500,000 (R8.5 million).
Trivial answer: InterNIC
Means “Information center on the Internet network”. The InterNIC is an organization created by the National Science Foundation to provide Internet information and domain name registration services. While the InterNIC was started as a joint effort between Network Solutions and AT&T, it is now managed by the Internet Corporation for Assigned Names and Numbers (ICANN).
While the InterNIC still monitors domain names and provides WHOIS data, the domain name registration process has been left to commercial domain registrars. Public information regarding domain names, registrars, and other Internet-related data is available on the InterNIC website.
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