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Technology Design

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Are you wondering why everyone is talking about the Flutterwave scandal? You’re not alone! It’s been in the news a lot. We’re going to tell you all about the Flutterwave Scandal in a way that’s easy to get. Keep reading, because we’re going to share the whole story with you. The company Flutterwave is headquartered in San Francisco, California, United States. In 2016, Iyinoluwa Aboyeji, Olugbenga Agboola, and Adeleke Adekoya established Flutterwave. It offers a payment infrastructure to international merchants and payment service providers throughout Africa. The company operates in various African countries including Nigeria, Kenya, Uganda, Ghana, South Africa, and others. They focus on digital payments, helping businesses accept and process payments on various channels like the web, mobile, ATM, and POS. Recently, they’ve been in the news due to allegations of misconduct within the company, which has affected their reputation and value. Flutterwave is an essential player in the African fintech landscape, aiming to drive growth for banks and businesses through digital payment solutions. The Flutterwave scandal involves allegations of misconduct and inappropriate behaviour towards female employees by the company’s co-founder and CEO, Olugbenga Agboola. Reports have surfaced from both current and former employees about bullying, intimidation, and sexual harassment at work. The allegations of inappropriate behaviour towards female employees at Flutterwave, specifically involving the CEO Olugbenga Agboola, were brought to public attention in April 2022.This was when Clara Wanjiku Odero, an ex-employee and current CEO of Credrails, published a Medium post and a series of tweets on April 4, 2022, accusing Flutterwave and Agboola of bullying. These allegations were part of a broader range of misconduct claims that surfaced around the same time The reasons behind the scandal are rooted in accusations of unethical behavior within the company. The allegations suggest a workplace culture that allowed for misconduct and failed to protect employees from harassment and intimidation. Specifically, the Flutterwave scandal refers to the series of events where the CEO was accused of engaging in improper conduct with female colleagues. This led to a broader investigation into the company’s practices and raised serious concerns about the fintech’s corporate governance. The scandal had significant repercussions, including a drop in the company’s stock price and a loss of trust among customers and partners. The trust that customers and investors had in Flutterwave was greatly damaged. People started to doubt the company’s integrity and whether their money and personal information were safe. Market Impact The scandal shook the entire fintech market. Flutterwave’s competitors saw this as an opportunity and started to attract customers who were leaving Flutterwave.

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Syngulon’s technology expands the capacity for selection of microorganisms. The ability to select individual microbes with a behavior of interest is essential, whether for simple cloning at the bench, or for industry-scale production. Synthetic biology uses the concept of “bioengineering” to improve or modify existing genetic systems to create microbes with desired behaviors, and Syngulon uses this approach to develop its selection technologies. This selection technology is based on bacteriocins, ribosomally-produced peptides naturally made by most bacteria to kill competitive microbial species. These bacteriocins can have a limited or wide target range against other microbial species. This technology offers advantageous over antibiotic selection for several reasons: it avoids the use of antibiotics in the first place, helping to reduce the spread of antibiotic resistant microbes. The technology also increases product yield; as bacteriocins are generally smaller peptides, they do not impose a heavy metabolic burden on the producing cell. They can have a wide target specificity, helping to avoid genetic drift. Finally, our system is 100% plasmid-based (e.g. without chromosomal mutations), making it applicable for use in any E. coli strains.

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