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Pryce Yebesi has raised new funding in his next era as a founder. Yebesi co-founded Utopia Labs at the age of 21 alongside Kaito Cunningham (CEO), Jason Chong, and Alexander Wu. The venture offered crypto payments and crypto treasury management, and was “trusted by leading DAOs (decentralized autonomous organizations) and crypto companies to streamline operations, manage payroll, and consolidate financial reporting,” as AFROTECH™ previously reported. Yebesi also dropped out of college to focus on Utopia Labs, which had been supported by a $1.5 million raise in 2021 and was later acquired by Coinbase in November 2024. According to information shared with AFROTECH™, Yebesi then began working as an entrepreneur-in-residence at Washington University in St. Louis, MO, and through his observations he recognized small business owners were challenged by accounting software. This prompted the launch of a new brainchild in the fintech space, Open Ledger, which was established with the help of...
Canza Finance’s co-founders are leaning into Web3 to financially empower the African continent. Pascal Ntsama IV and Oyedeji Oluwoye are looking to create “the world’s largest non-institutional-based financial system” through the creation of Canza Finance, the company website mentions. They both share distinct journeys on how they arrived to the company’s inception. For Chief Technology Officer Oluwoye — born in Nigeria, Africa, and raised in Sydney, Australia, before moving to the United States at 14 — he began taking various CompTIA Certifications, early-career data analytics certification, during his senior year of high school. After graduation, he headed to the Alabama Agricultural and Mechanical University to obtain a Bachelor of Science degree in computer science. While in college, he was able to secure a position with Adtran, a networking and telecommunications company based in the U.S., as a co-op engineer. He then transitioned to work at AT&T as a senior specialist-network...
A young Malawian inventor has taken matters into his own hands to support his community. VOA Africa reports that Ernest Andrew sparked electricity in his village through an air-powered generator that he created. Andrew claims that what he’s innovated doesn’t require fuel, oil, or batteries. “After realizing that we were facing a lot of problems without using electricity, I thought of trying to make electricity,” Ernest told the outlet. “Now, here we are.” According to Andrew, his generator creates 1,000 volts of electricity and has helped to power nine homes. He aims to build out capacity to connect his entire village as well as a nearby primary school. “This system generates electricity using air. To make a lightbulb illuminate, I use power stored in bottle s,” he explained . “I experiment with magnetic power to determine how much electricity I can produce. After that, I generate power based on the number of houses I want to supply.” The outlet shares that Andrew’s generator has...
