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As remote work becomes increasingly prevalent, organizations globally are adapting, especially regarding onboarding procedures for new employees and navigating cross-border payment complexities. This new age of work has led to a surge in demand for startups that provide human resources (HR), payroll and compliance tools to help businesses hire remotely. RemotePass, one such business out of the UAE, has raised $5.5 million in Series A funding led by Istanbul-based 212 VC. Other participating investors include…

Nascent solar electric catamaran manufacturer ZEN Yachts has announced the closing of a Series A funding round totaling 5.5 million euros ($5.86M), sponsored entirely by Ocean Zero, LLC. The zero emissions boatbuilder looks to use the fresh round of funding to continue construction of the first hulls of its ZEN50 solar electric catamaran, of which additional preorders have now been secured. The ZEN Yachts name stands for “Zero Emission Nautic Ltd. – an ocean-conscious boatbuilder founded as…

There’s no end to digitizing the operations of small and medium businesses (SMBs) in the traditional retail sector across sub-Saharan Africa. In Nigeria alone, this industry, worth more than $200 billion, consists of over 40 million businesses of varying sizes, according to reports. Traditional retail in the country comprises small kiosks and open-air markets selling various products from food and beverages and groceries to personal care products and stationery. B2B digital marketplace upstarts such as TradeDepot,…