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Tech

Smile to Pay | MasterCard launches global Biometric Checkout Program

Globally, 74% of consumers have a positive attitude towards biometric technology, and the market for contactless biometrics technology is projected to reach $18.6 billion by 2026

FinTech Paymob secures $50M round, including investment by PayPal Venutres

Paymob’s omnichannel payment infrastructure enables businesses to accept digital payments both online and in-store, as well as providing them better access to financial services

Egyptian cloud kitchen operator The Food Lab raises $4.5M in pre-seed

Egypt’s first cloud kitchen services operator, The Food Lab (TFL), has secured $4.5 million in a pre-seed funding round aimed at supporting its expansion within the country, Middle Eastern and African region

Electricity and water infrastructure mgt platform Pylon secures $19M in funding

Pylon is currently working with several companies across two continents, deploying more than one million end points of Pylon’s smart grid technology, across 15 distribution companies

IFC invests $15M in Algebra Ventures to support tech startups and drive change

The fund, which has a target size of $90 million, will have a special focus on women-led businesses and those serving rural communities, according to the IFC