• BURN MEDIA
    • Memeburn
      Tech-savvy insight and analysis
    • Gearburn
      Incisive reviews for the gadget obsessed
    • Motorburn
      Because cars are gadgets
    • Jobsburn
      Digital industry jobs for the anti 9 to 5!

All posts by Matthew Alexander

  • University of Johannesburg to debut its own business incubator

    The University of Johannesburg (UJ) has announced a new incubator which will aim to empower its students and create thousands of youth-driven businesses within the tech sector. The programme was established in partnership with the Finnish University of Applied Science, Laurea. The university based in the Uusimaa region of Finland is known for boosting entrepreneurship among the youth through their EER entrepreneurial ecosystem programme. "We want to see our students and other young people start businesses valuable to the economy. We want them to create jobs and grow local economies rather than to be looking for employment," said UJ's VC, Ihron Rensburg. "Obviously...

  • Xero to take on traditional accounting software companies

    Since Ventureburn reported on Xero's partnership with Sasfin Bank, we had a chance to speak to the MD for Xero's operations across EMEA, Gary Turner, about the deal and more. After announcing their partnership at a recent roadshow, the team over at Xero have been hard at work in keeping that momentum going. "What we do when we partner with banks has never existed before, this isn't about the bank selling or recommending Xero, or becoming some kind of sales channel for Xero," said Turner. "I know the banks in SA, the UK and other countries have had bank referrals where they...

  • New Economy Accelerator announces second cohort of entrepreneurs

    New Economy Accelerator (NEA) has selected 12 entrepreneurs to join its 10-month readiness programme, which commences in February. The objective of the NEA is to find SMEs in SA which could potentially have a large impact socially and environmentally, as well as to provide those startups with the necessary support and development assistance needed to scale successfully. Those selected attended a three-day NEA bootcamp to determine whether or not they make the cut for the programme. The participants were selected for their use of innovative methods to tackle challenges such as nutrition, sustainable agriculture, digital inclusion, renewable energy as well as waste management...

  • Investment company Arise launches to accelerate banking

    Arise, a new investment company focused on the banking sector, has launched. It is the brainchild of international institutions, Norfund, FMO, and Rabobank, which collectively manage more than US$660-million in assets. "The main objective of establishing this company was to strengthen and develop effective, inclusive financial systems in Africa in order to contribute to economic growth and poverty reduction," said the CEO of Arise, Deepak Malik, in a press release to Ventureburn. "Arise will take and manage minority stakes in Sub-Saharan African Financial Service Providers (FSPs) with the core aim of building strong and stable institutions that will serve retail, small and medium...

  • Sasfin Bank, Xero to provide direct bank feeds for SMEs

    Financial service group, Sasfin Bank has partnered with online accounting software provider, Xero to aid SMEs through SA's first direct bank feed. Any Sasfin Bank customer using Xero will have the ability to automatically import as well as categorise any bank statements. This saves businesses time by removing the need to make manual uploads and downloads, allowing better visibility of their cash flow. "Sasfin Bank is proud to be the first South African bank to offer direct feed integration into Xero. Our innovative banking platform is significantly enhanced by the Xero functionality," said executive director at Sasfin, Michael Sassoon in a press...

  • BitPesa closes Series A round to value of $2.5-million

    On 30 January, payments platform, BitPesa announced the completion of a Series A round of funding to the value of US$2.5-million. The Series A funding round was led by the US-based Draper VC along with the participation from a new shareholder, Greycroft Partners. Other participants in the funding round consisted of existing investors, Digital Currency Group, Pantera Capital Management, BnkToTheFuture, FuturePerfectVC as well as Blockchain Capital and Zephyr Acorn. "We are delighted to welcome our new investors, all who have a deep knowledge of our region and an expertise in the payment sector," said CEO of Bitpesa, Elizabeth Rossiello, when speaking on the funding round...

  • The Innotribe Startup Challenge comes to Africa, applications open

    SWIFT's Innotribe Startup Challenge will be returning to African shores on 16 to 18 May. It will be held at the African Regional Conference (ARC), which will take place in Abidjan, Ivory Coast. Innotribe will select 10 startups to take part in their programme. Along with the opportunity to showcase their innovative solutions and products during ARC, the startups will also receive coaching and mentoring prior to the event. Working together with VCs, industry experts, angel investors, and banking representatives, Innotribe will be relying on their proficiency to help select the startups. During the presentations, the audience will nominate three finalists, automatically...

  • 18 African startups to pitch at the Seedstars Global Summit

    Out of the hundreds of African startups that pitched for their spot at the Seedstars Global Summit, only 18 have made the cut. Partnering with VC4A to attract and monitor eligible startups across Africa, the 18 winners go on to pitch in front of an international crowd at the summit in April this year. "We couldn’t be more excited for these entrepreneurs and want this event to play a part in accelerating a pan-African innovation ecosystem and entrepreneurship community," Seedstars World stated in a press release. 18 African startups were selected to pitch at the Seedstars Global Summit The 18 startups, along with others...

  • m.Labs partners with major hubs across East-Africa

    Startup accelerator m.Labs has announced a partnership with major tech hubs that support SMEs within the digital and ICT sectors across East Africa. The partnership is in preparation for the Traction Camp Programme, a six-month regional acceleration programme which aims to provide startups with sufficient skills and knowledge to scale their business. Traction Camp will aim to provide startups with the ability to be global competitors, as well as to become growth-orientated business within the mobile and digital markets. The programme, supported by the World Bank Group's Infodev initiative, will collate the best entrepreneurs and startups across East Africa to attend the Traction Camp...

  • Techstars 2017: an accelerator by entrepreneurs for entrepreneurs

    The Barclays SA acceleration programme, Techstars, has opened applications to up-and-coming entrepreneurs looking to scale their innovative startups in Africa and abroad. The 13-week programme set to begin 9 May 2017, at the Rise fintech hub in Woodstock Cape Town, and will put 10 startups through their paces fitting in 12 months of work into three. Startups selected for the programme will have an opportunity to learn, as well as expand their presence within the African continent via Barclays Africa Group's customers, technology teams and products. They'll also have a chance to scale on a global level through the various Rise sites situated...