Article: Nigeria’s Mono raises millions to power the internet economy in Africa

Money, Open Governance

Nigeria’s Mono raises millions to power the internet economy in Africa

In February, Nigerian fintech startup Mono announced its acceptance into Y Combinator and, at the time, it wanted to build the Plaid for Africa. Three months later, the startup has a different mission: to power the internet economy in Africa. It has closed $2 million in seed investment toward that goal.

The investment comes nine months after the company raised $500,000 in pre-seed last September and two months after receiving $125,000 from YC. Mono’s total investment moves up to $2.625 million, and investors in this new round include Entrée Capital (one of the investors in Kuda’s seed round), Kuda co-founder and CEO Babs Ogundeyi; Gbenga Oyebode, partner at TCVP; and Eric Idiahi, co-founder and partner at Verod Capital.

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Article: Presto users detail what’s next for open source SQL engine

Code, Open Software, Open Source

Presto users detail what’s next for open source SQL engine

The open source Presto project is gaining adoption beyond just Uber and Facebook as the need to connect and query disparate sources of data continues to be in demand. At the PrestoCon Day virtual event on March 24, Presto users and developers gathered to discuss how the technology is being used and where it is headed in the future.

Presto is a SQL query engine originally developed by Facebook and currently run as an open source project under the governance of the Presto Software Foundation, which itself is operated by the Linux Foundation.

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