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Posted on April 10, 2025

Fintech founder charged with fraud after ‘AI’ shopping app found to be powered by humans in the Philippines

  • By. nairobitechhub
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Albert Saniger, the founder and former CEO of Nate, an AI shopping app that promised a “universal” checkout experience, was charged with defrauding investors on Wednesday, according to a press release from the U.S. Department of Justice. Founded in 2018, Nate raised over $50 million from investors like Coatue and Forerunner Ventures, most recently raising […]

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