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All posts by Daniel Mpala

  • Visa launches Everywhere Initiative in Africa, here’s how you can get involved

    In a bid to foster regional payments innovation and fintech entrepreneurship in Sub-Saharan Africa, global payments company Visa today announced the launch of the Everywhere Initiative on the continent at the DHL Ecommerce Money Africa conference in Cape Town. Visa’s Everywhere Initiative is an innovation programme designed to encourage the emergence of “the next big thing” in digital payments globally. The initiative has since its inception in 2015 awarded over $1-million and mentorship to 36 winners selected from over 130 finalists in over 40 countries in North America, Latin America, Europe and Asia. In all, more than 2100 startups globally have participated in...

  • 10 South African startups leading innovation in IoT [Digital All Stars]

    Digital All Stars is a series of articles which aims to celebrate the best of South African digital. The articles, which will appear on Memeburn and Ventureburn, recognise and celebrate South Africa’s best digital entrepreneurs, business people, advertisers, and media professionals among others. In two years time, experts predict that 50 billion devices will be connected to the internet. This convergence of devices physical objects -- with sensors and software -- and the internet, enabling them to transmit and receive data is known as the internet of things (IoT). With IoT Forum Africa 2018 kicking off this week at the Gallagher Convention Centre in Johannesburg,...

  • IWD: Why it’s important to share, tell women entrepreneurs stories

    Tech entrepreneurship around the world, and particularly in Africa is largely male dominated, or as author Lu Li describes it, the ecosystems are "not designed for women". Women entrepreneurs face systematic barriers in the tech sector. As investment lawyer and ImpactHer founder Efe Ukala pointed out earlier this year, when it comes to funding, one of the major issues African entrepreneurs struggle with is out of their control: investor perception. Ukala draws attention to a study published in the Harvard Business Review in June last year which found that questions posed to female entrepreneurs were "sprinkled with elements of gender bias"-- suggesting a...

  • How HiCarByeCar uses ‘crude behavioural analysis’ to disrupt used auto market

    When car owners sell a car through a dealership, the vehicle changes hands two to three times -- moving from one middleman to the next, before it is finally acquired by the vehicle intended owner -- the driver. This all adds to the cost of the final sale price. It's something that HiCarByeCar founder Michael Zahariev sees as a value loss -- and he claims his startup has come up with an innovative solution to this. In January the two-year-old Johannesburg-based startup concluded a funding round with an undisclosed Swiss private-equity investor involving what Zahariev described as "an eight-figure valuation and a seven-figure investment". The deal will see the Zahariev retain...

  • Move to full digital payments could net Joburg over $3bn in benefits a year

    Businesses, consumers and authorities in the city of Johannesburg could gain $3.4-billion in net benefits by moving 100% of financial transactions conducted in the city to digital payments, estimates a new study by Visa. The report -- The Cashless Cities: Realising the benefits of digital payments -- was compiled by economics and evidence-based research firm Roubini ThoughtLab and released last week. The data was initially drawn from a study of 3000 consumers and 900 businesses that Roubini ThoughtLab conducted in 2016 across six cities -- Bangkok, Chicago, Lagos, Sao Paolo, Stockholm and Tokyo. Researchers looked at factors such as the cost-benefit impact of physical...

  • Names of 12 startups announced for Village Capital Fintech Africa 2018

    Twelve African startups that have developed solutions to improve financial health for consumers and or businesses have been selected by venture capital firm Village Capital for its Village Capital Fintech Africa 2018 programme. The VC company made the announcement yesterday. This is the second cohort Village Capital has run since the launch of the programme in late 2015. The 12 selected startups, which are all based in Kenya, Uganda and Nigeria, were selected from an applicant pool of 165 applicants. "We've selected 12 early-stage African fintech startups focused on improving financial health. We'll offer $50 000 investment each to the top two entrepreneurs in the programme, as selected...

  • Cape Town startup Simply brings human-centred design, tech to life insurance

    In 2015, three friends -- tech entrepreneur Anthony Miller and two actuaries Simon Nicholson and Shaun Dippnall -- decided to team up and start insurance startup Simply Financial Services. "At a cross-road in our professional lives, we were all looking for a new challenge – something that would both make money and do good," says Miller (pictured right), who is also the company's CEO. "There is a dire need for simple, convenient, well-priced life insurance in South Africa and we believed we could use our combined strengths – tech startups, life insurance experience and human-centred design -- to build a business that could...

  • Ventureburn’s key takeaways from Africa Tech Summit Kigali 2018

    The Africa Tech Summit held in Kigali was arguably February's highlight in Africa's tech scene. With over 350 delegates from 29 countries and a diverse speaker line up including representatives from venture capital (VC) firms, innovation hubs, tech giants, as well as startup founders from around the continent the summit turned out to be a treasure trove of ideas and insights on the African tech ecosystem, the solutions to problems it has developed and more importantly where the continent is headed. In case you missed it, here's a roundup of the trends, startups, ideas and tips that stood out for us. Key...

  • The Startup Hatchery, Entrepreneur Traction to launch Pitch Tank Pitching Competition 1.0

    Cape Town-based virtual business incubator The Startup Hatchery and Entrepreneur Traction have partnered to launch a quarterly entrepreneur pitching and learning platform, the Pitch Tank Pitching Competition 1.0. The Pitch Tank Pitching Competition 1.0 is set to be launched Saturday 24 February at Barclays Rise Cape Town. The competition is said to offer early-stage entrepreneurs an opportunity to learn, grow, connect and boost their confidence through pitch presentations. "As part of the pitching platform, entrepreneurs get invaluable mentorship and business support through an experienced group of judges and industry experts, as well as a cash prize for the winners," said Tania Cunningham, The...

  • Here’s how African startups can attend, pitch and exhibit at VivaTech 2018

    Dubbed as "the world's rendezvous for startups and leaders", Viva Technology (VivaTech) is one of Europe's biggest tech conferences. Here's how African startups can attend and pitch at the event. The third edition of the tech conference will run between 24 and 26 May in Porte de Versailles, Paris. The three-day event will see entrepreneurs, executives, investors, students and academics meet to collaborate on the future. Startups looking to attend VivaTech 2018 have until 28 February to enter 22 innovation challenges open to international startups Organisers expect 68 000 attendees, 6000 startups and 1400 investors from 103 countries will attend the summit which will have...

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