Egypt’s Esaal secures $1.7m seed investment from A15. 2 other stories and a quiz

This list of stories will help you find out about the latest happenings in the tech world today

1. Egyptian Esaal secures $1.7m investment from A15

An Egyptian health and wellness platform, Esaal, has announced that it has secured a seed investment of $1.7 million from A15, a venture capital managed by Accelero Capital.

Esaal’s latest raiser was confirmed by the startup’s founder and CEO, Fadi Doss, in a statement on Wednesday.

The health and wellness platform was founded in 2018 by Fadi Doss.

Esaal, according to Fadi, seeks to connect users to trusted health and wellness experts, providing a seamless user experience that guarantees user privacy.

Speaking about the new breeder in the statement, Fadi said:

“There is huge potential that extends deeper inside each country we are currently in and penetrates more countries in the region.

“Yes, we’ve launched in eight countries, but I think the potential is still huge, and we can get multiples upon multiples in the next four or five years.”

Esaal currently operates in over 12 countries around the world.

Tech Trivia: What kind of online ads pay publishers for every click?
A CPC
BEPM
C rpm
D EPC
Answer: see end of post

2. South Africa’s RLabs Receives Social Innovator of the Year Award

A registered community development and social enterprise organization, RLabs, received the Social Innovator of the Year award at the World Economic Forum’s annual conference in Switzerland.

RLabs chief executive Rene Parker hinted to the public about the award in a statement Wednesday.

Also read: Dubai launches $100 million fund to support startups and foster job creation

Ripples Nigeria understood that RLabs – Reconstructed Living Lab – is a global movement and a registered social enterprise that aims to create social change through the use of ICT solutions.

The Cape Town-based organization was launched in 2018 by Marlon Parker and Rene Parker.

The summit in Davos, Switzerland, is the first in-person global leadership event since the outbreak of the Covid-19 pandemic.

Hilde Schwab, co-founder and president of the Schwab Foundation for Social Entrepreneurship, described the Social Innovators of the Year 2022 as a new ecosystem of leaders helping to build a better future.

Commenting on the recognition and the award, Parker said:

“The honor of being a Schwab Foundation Laureate is not only recognition of the work of RLabs, but also highlighting what is possible with an incredible team of partners supporting the vision of hope.

“This award also aims to celebrate every social innovator in South Africa who is ready to make a difference.”

3. European tech founders launch humanitarian support initiative for Ukraine

A team of entrepreneurs, co-founders and several global entrepreneurs announced the launch of OneUkraine, a digital initiative founded to provide humanitarian aid to wartime Ukrainians.

The CEO and co-founder of the new platform, Martin Reiter, made the announcement on Wednesday in a press release.

Ripples Nigeria understood that the platform includes among others Ukrainian specialists who are co-founders or investors of several global technology companies.

According to details available on OneUkraine’s official website, the charity platform was built around data to provide humanitarian aid to Ukraine as well as scalable infrastructure projects.

Some of the identified founders of the initiative include: Alexa Sinyachova – Co-Founder and CEO of Moeco and Curator of WTech Berlin, Wolfgang Heig – Founder of NFQ and HomeToGo, Martin Reite previously held leadership positions at Airbnb and Wayfair Europe and co-founded missmartina.org to help evacuate Ukrainian women and children, et al.

Reiter, while commenting on the intent of the platform, said:

“With many of our founders born and raised in Ukraine, we felt compelled to help our friends, family and colleagues. All of our founders have a proven track record leading or founding tech unicorns, and now we’re collectively doing what we do best: working quickly and efficiently at scale, delivering instant, much-needed humanitarian aid to the people of Ukraine.

“We believe we can best help by bringing an entrepreneurial, data-driven, and sustainable approach to the world of humanitarian aid, alongside other major relief efforts.”

Means “Pay Per Click” and is used in online advertising. PPC ads generate revenue for web publishers every time a visitor clicks on an ad.

Banner ads, Flash ads, and text ads can all be used to generate pay-per-click revenue for publishers. Many search engines also use the pay-per-click model, displaying sponsored results along with other search-relevant results.

PPC is an attractive model for advertisers because they only pay for the actual traffic generated by their advertisements.

By: Kayode Hamsat

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