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August 23.2025
3 Minutes Read

How Cardtonic is Transforming Waste into Cash Through Gift Cards

Cardtonic gift card trading event with two men in formal suits posing.

Cardtonic Aims to Revolutionize Gift Cards in Nigeria

Nigeria’s vibrant gifting industry, currently valued at $2.1 billion, is set to grow as digital solutions make gifting more practical. Enter Cardtonic, a fintech startup determined to transform how we view and use gift cards. Born out of the frustration surrounding wasted gift cards—often given but not usable in Nigeria—the company offers a way for those forgotten presents to finally see the light of value.

From Cryptocurrency to Gift Card Trading

Founded in 2019 by Balogun Usman and Kayode Faturoti, Cardtonic initially started as a cryptocurrency trading platform. However, it pivoted quickly towards gift card trading as they identified a significant gap in the market. With so many gift card purchases made from abroad that couldn’t be utilized, it was clear the company could step in as a reliable intermediary.

“People would receive gift cards for brands like Nike or Adidas from family abroad, not knowing how to use them,” explained Cardtonic Growth Lead Oluwatomisin Oduyemi. “Our founders realized this was a problem that needed a solution.”

The Business Model: Trading Cards for Cash

The appeal of Cardtonic lies in its simplicity and efficiency. Users can sell their unwanted gift cards for cash, turning what would be waste into liquid assets. The startup operates a strong validation process, ensuring that every card is genuine before it is processed. Users often see their funds credited back to them in as little as 10 minutes for specific card types, enhancing the customer experience.

“Over time, we’ve been able to optimize the transaction time from when you submit your cards to when you get paid,” said Oduyemi. “For fast cards, that’s about 10 minutes.” This speed has become a crucial differentiator in a competitive market.

Issues and Challenges in the Gift Card Market

Despite its rapid growth, Cardtonic faces considerable risks. Issues abound with faulty card codes or codes that have already been redeemed, often leaving the company to manage customer dissatisfaction.

Fraud is also a daily concern, as scammers attempt to exploit unsuspecting customers through phishing attempts and hacking. The startup has taken steps to mitigate these risks by maintaining a dedicated team responsible for quality checks on all cards submitted for processing.

The Future of Cardtonic: Becoming a Super App

As of 2025, Cardtonic claims to serve over one million users, although only about half are regularly active. Their ambition stretches beyond gift cards alone; with ongoing development, Cardtonic envisions evolving into a super app that caters to various payment and e-commerce needs.

This vision aligns with global trends where consumers increasingly seek all-encompassing solutions for digital transactions. As Cardtonic expands its features and builds its user base, it could reshape the fintech landscape in Nigeria significantly, setting a precedent for other innovative solutions to follow.

In Conclusion: The Future Looks Bright for Cardtonic

As the digital landscape evolves and the need for efficient financial solutions grows, Cardtonic is well-positioned to lead the charge in transforming Nigeria’s financial ecosystem. By tackling real-world problems—like wasted gift cards and complex payments—this fintech startup is paving the way for smarter, more accessible services. Watch this space as Cardtonic sets its sights on becoming the super app that Nigerians have been waiting for.

Innovation

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11.23.2025

Security Lockdown at OpenAI: Understanding Activism and AI Tensions

Update OpenAI’s Emergency Response: A Day of Lockdown On Friday, November 22, 2025, OpenAI’s Mission Bay headquarters in San Francisco was abruptly locked down after internal communications alerted employees of a potential threat. Reports indicated a man, previously linked to the activist group Stop AI, allegedly made threats against OpenAI employees. The unusual day of heightened security turned a regular workday into a confined waiting period for staffers. Details of the Threat San Francisco police received a 911 call at around 11 a.m. regarding an individual making threats near 550 Terry A. Francois Boulevard, where OpenAI’s offices are located. According to internal communications, staff were warned to avoid wearing anything that identified them as OpenAI employees and to keep their badges concealed. This heightened caution came after reports surfaced that the suspected individual had previously been seen at OpenAI’s facilities and had expressed intentions of targeting multiple locations. Understanding Activism in the AI Space The threat reflects an ongoing tension between AI companies and activist groups like Stop AI, which have been vocally opposed to the rapid advancement of artificial intelligence. Earlier this month, a public confrontation occurred when a Stop AI affiliate attempted to serve CEO Sam Altman with a subpoena during a public appearance. With such incidents escalating, this lockdown may not be isolated but rather indicative of broader societal concerns surrounding AI development. The Larger Context: Activism Meets Technology As artificial intelligence technologies progress, so too does public unease about their implications. Protest groups have staged demonstrations against AI companies, echoing a growing fear that unchecked AI development could displace human jobs and influence key decisions previously made by people. The incident serves as a reminder that the lines between activism and threats to safety can blur, creating real security challenges. Impact on the Mission Bay Community The lockdown had ripple effects, not just on OpenAI but on surrounding businesses and the community. San Francisco police were deployed to manage the situation, establishing a visible presence in the area as tensions heightened. Local businesses and residents watched closely, aware that the security measures in place for OpenAI could set a precedent for their safety concerns. Navigating Current Events and Security Protocols In a statement to employees, OpenAI’s security team assured that while the situation was concerning, there was currently no indication of active threat activity. This highlights the balance between mitigating panic among employees and ensuring a safe working environment. The response by OpenAI illustrates how companies might need to increase their focus on safety without stifling engagement and open communication internally. Conclusion: A Call for Reflection As the tensions between technology and activism grow, it is crucial for both AI companies and activist groups to reflect on their actions. Heightened awareness and security measures are necessary, yet discourse around ethics in AI development must continue without escalating into threats of violence. OpenAI’s recent experiences call for dialogues that prioritize safety while addressing valid concerns about the future of AI technology. To stay informed on this critical intersection of technology and social response, engage with your local community and share your thoughts on how we can address these challenges constructively. Promote peaceful discourse to navigate this complex landscape, as it is imperative to foster both safety and innovation in technology.

11.23.2025

Oklahoma's New Chief AI Officer Tai Phan Leads Digital Transformation Efforts

Update Oklahoma's Vision for an AI-Enabled Future Oklahoma is embarking on a transformative journey with the appointment of Tai Phan as its first Chief AI and Technology Officer. This significant move, announced on November 21, 2025, marks a decisive step toward rethinking how government operates through the integration of artificial intelligence (AI) and modern technology. With a background in both corporate tech and public service, Phan aims to accelerate the state's digital modernization and establish ethical standards for AI usage. Driving Digital Transformation in Government Phan's role focuses on leveraging AI to enhance operational efficiency across various state agencies. His expertise will guide efforts to streamline processes, reduce manual tasks, and improve citizen services. By implementing AI technologies, Oklahoma hopes to reduce costs and increase the reliability of state systems. Phan emphasized the opportunity at hand: "We have a remarkable opportunity to rethink how government operates by bringing forward innovation with trust by design to strengthen our mission, improve services, and deliver meaningful, measurable impact for the people of Oklahoma.” Establishing Ethical Standards in AI Use A key element of Phan’s responsibilities will be to collaborate with state leaders in formulating ethical standards and best practices for AI implementation. Issues such as privacy, transparency, and accountability in government operations will be paramount as Oklahoma embarks on this digital overhaul. The initiative aligns well with recommendations from the Governor’s Task Force on Emerging Technologies, underscoring the need for oversight in the rapid adoption of these technologies. The Pivotal Role of Government Leadership State Chief Operating Officer David Ostrowe described Phan’s appointment as “a pivotal moment” in Oklahoma's journey toward digital transformation. As the state prepares to explore new frontiers in technology, Phan's vision and experience from his previous role as the Chief Technology Officer for the Office of Management and Enterprise Services will prove invaluable. Having developed a comprehensive IT strategy serving over 125 state agencies, Phan is well-suited to spearhead this ambitious initiative. Comparative Insights from Other States Oklahoma joins a select group of states that have recognized the importance of AI in government. Like North Carolina with its recent appointment of I-Sah Hsieh as deputy secretary of AI, or Oregon's focus on privacy with Nik Blosser, Oklahoma is keen to harness the potential of AI responsibly. This trend reflects a broader national movement towards more innovative and accountable governance through technology. By positioning itself at the forefront of the AI revolution, Oklahoma demonstrates a commitment to meet the changing needs of citizens in the digital age. Moving Forward with Innovative Solutions As opportunities unfold, Phan's responsibilities will not only include fostering innovations but also ensuring that these developments benefit all Oklahomans. Emphasizing a 'trust by design' approach, his leadership is expected to guide the state toward a vision where technology aids in delivering effective and reliable public services. Conclusion: A New Era for Oklahoma Government The appointment of Tai Phan as Oklahoma’s Chief AI and Technology Officer represents a significant shift in how the state approaches governance. With a focus on responsible AI adoption, ethical standards, and technology integration, Oklahoma is setting a precedent for how digital tools can transform public service. As Phan takes on this challenge, the eyes of the nation will be watching to see how these initiatives unfold and set a standard for other states to follow.

11.23.2025

Funding Move: Bluworks Raises $1M to Transform Frontline HR Technology

Update Revolutionizing Frontline HR: The Rise of Bluworks In the heart of Egypt, a startup named Bluworks is reshaping the HR tech landscape, specifically for frontline workers. Recently, the company secured $1 million in seed funding to bolster its expansion not only throughout Egypt but also into the Middle East and North Africa (MENA) region. This funding round was backed by notable investors such as Enza Capital, A15, and Beltone Venture Capital, signaling strong confidence in Bluworks' business model and market potential. Addressing Unmet Needs Founded in 2022 by industry visionaries Hussein Wahdan, Farah Osman, and Nour Ahmadein, Bluworks is dedicated to digitizing the full lifecycle of frontline workers — a group often overlooked by traditional HR systems that typically serve corporate and office-based employees. The staggering reality is that frontline workers make up over 60% of the labor force in Egypt and broader MENA, yet many continue to suffer under outdated management practices. Employers often rely on inefficient paper logs and archaic timekeeping methods, leading to payroll disputes and high turnover. How Bluworks Is Changing the Game Bluworks aims to revolutionize how companies manage their workforce through an integrated digital platform. This tool provides essential features such as employee scheduling, attendance tracking, payroll management, and compliance with local labor laws. Additionally, they emphasize transparency and control for workers, allowing them to engage seamlessly with their employment terms. The platform requires a subscription fee that ranges between $1 and $1.6 per employee per month, demonstrating affordability for small and medium-sized enterprises (SMEs) that form the backbone of the economy. The Importance of Financial Inclusion Key stakeholders in the investment community, like Abdelrahman Hassan from Enza Capital, advocate for the digitization of frontline labor. He considers it a major driver of economic productivity and financial inclusion across Egypt and the MENA region. With a strong processing backbone, companies like Bluworks can unlock significant opportunities to improve working conditions for marginalized laborers, thereby enhancing their economic stability while offering businesses modern tools to manage their workforce efficiently. A Bright Outlook for Bluworks The recent capital injection positions Bluworks to explore broader market opportunities and foster strategic partnerships that add value to both employers and employees. The startup’s expansion plan includes leveraging advanced analytics and artificial intelligence to enhance its platform, ideally introducing more sophisticated solutions for workforce management. CEO Hussein Wahdan expressed optimism about the future, stating, "We’ve proven the strength of our model in Egypt, and now we’re ready to scale faster — both by deepening our presence locally and exploring regional opportunities." This commitment to growth could position Bluworks as a frontrunner in the competitive HR tech marketplace. Challenges Ahead Despite the promising outlook, Bluworks faces challenges in a landscape still dominated by traditional methods. Competitors such as Fawry HR, Mawared HR, and others have established presences, and Bluworks will need to differentiate itself through innovation and superior service. Yet, with technology continuously spawning disruption across various sectors, the chance to redefine workforce management for blue-collar workers could lead to substantial long-term rewards. Conclusion: A Call for Action As Bluworks sets its sights on expanding its regional footprint, there lies a broader message about the necessity of supporting and modernizing workforce management across all sectors. For stakeholders- entrepreneurs, investors, and policymakers- the rise of tech-driven solutions in managing the labor market is not just an investment opportunity; it's a fundamental step towards ensuring economic progress and inclusion in emerging markets.

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