Qore Group Appoints Fintech Powerhouse Michael Hoodfar as COO
Michael Hoodfar has been appointed as the new COO of Qore Technologies Group. He brings nearly 20 years of experience in financial services and technology.
After raising $38M, African e-commerce startup Sabi lays off 20%, pivots to traceable exports
Sabi laid off around 20% of its workforce, approximately 50 employees, as part of a restructuring effort. The company is pivoting from a retail-focused platform to a growing business in commodity exports.
Sabi cuts staff as it narrows its focus to commodities’ trade
Sabi laid off roughly 50 staff members, about 20% of its workforce, in a restructuring effort. The company is pivoting to focus on its TRACE platform for tracking minerals and agricultural goods.
MTN Uganda to spin off mobile money unit into a standalone fintech
MTN Uganda announced plans to spin off its mobile money business into a standalone fintech company. The restructuring will transfer MTN Mobile Money Uganda to a new entity owned by MTN Group Fintech Holdings B.V.
Binance’s former crime compliance lead steps down after detention in Nigeria
Tigran Gambaryan announced his resignation from Binance on June 6, 2024. He built and led Binance’s first global investigations function, expanding it to over 100 professionals.
