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Slack’s Direct listing on NYSE hits 49%, Paynas Wins Seamless North Africa 2019 Pitch Competition, Bags $50000 Grand Prize and More

Tech Gist Africa by Tech Gist Africa
06/21/2019
in Africa, Africa News, Big 5 Daily, News, The Big 5, World News
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Slack’s Direct listing on NYSE hits 49%, Paynas Wins Seamless North Africa 2019 Pitch Competition, Bags $50000 Grand Prize and More
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Happy weekend guys!

It’s the end of the week and time to ease off the week’s stress. However, before we fully plunge into the weekend mood, let’s have a go at the Big 5 Daily!

Enjoy!

 

Big news! Slack—an American workplace communication platform, listed on the NYSE on the 20th of June 2019 through a direct listing. The company had a good start, considering that their stock rose up to 60% at the start of trade. It moved from $26 per share to $42 per share and finally closed the day at 49% which is $38.50 per share.

Also, the Egyptian based startup Paynas emerged as the winner for Seamless North Africa 2019 Conference. The cloud-based human resource management platform received a cash award for their business model that offers automated payroll via a multi-purpose electronic payment. Congratulations!


See also: Ghana Statistical Services Plans Digital Census in 2020, Truecaller Introduces Free Voice Calling Feature for Android and More


Next on the Big 5, ShowMax, an online on-demand video service platform, will be live-streaming the Bafana Bafana Afcon 2019 football match. They will leverage this move to accord Fans the opportunity to stream the tournament anywhere, anytime. This service is currently exclusive to South Africans.

The South African startup funding initiative, ‘Naspers Foundry’ announced its first investment worth $2million in SweepSouth. SweepSouth is an online cleaning service ran by a couple Aisha Pandor and Alen Ribic. They plan to leverage the fund to expand its services in the South African Market.

Finally, MAX.ng, an on-demand motorcycle startup in Nigeria who recently secured $7 million funding from Novastar Ventures, revealed that they plan to invest the funds in several transport technologies. They plan to leverage the funds to roll out water transport, tricycles and electric vehicles into the ride-hailing market.

 

…and it’s a wrap for today’s edition!

Hope you enjoyed the read?

Thanks for joining!

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Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a leading online technology and digital media outlet, dedicated to providing latest tech news, product launch, startup news across Africa and sharing simple social media and digital marketing tips for startups, entrepreneurs and business owners.

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