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Safaricom opens up M-Pesa API

Safaricom, the operator of the M-Pesa platform, has released an Application Programming Interface (API) to entice local and international developers into creating innovative new use cases for the popular mobile payments service.

VentureWave acquires majority stake in Funderbeam

Irish private equity firm VentureWave has acquired a majority stake in Funderbeam, a blockchain-based startup for angel investors in growth companies founded by former Nasdaq Tallin stock exchange head Kaidi Ruusalepp.

Catalina General completes loss portfolio transfer from QBE

Leading provider of retrospective reinsurance and capital solutions, Catalina Holdings (Bermuda) Ltd, has announced that its wholly owned Bermuda-domiciled reinsurance company – Catalina General Insurance Ltd has completed a previously announced loss portfolio transfer retrocession agreement with subsidiaries of QBE Insurance Group Ltd.