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All posts by Matthew Alexander

  • IoT.nxt prepares for global expansion

    SA innovator, IoT.nxt has secured R100-million from its investor and funding partner, Talent Holdings. This significant cash injection has helped IoT.nxt expand into their new office in London. Their new space serves as their European base of operations as they continue to scale into more markets. "We are using the momentum that we have built up in South Africa with industrial applications that we are implementing in various sectors like the mining, ports, and health care industries, facilities management, automotive retail, smart buildings and food processing," said IoT.nxt CEO, Nico Steyn in a press release to Ventureburn. "Our traction in South Africa...

  • FOMO Travel joins the Singer Group

    SA's first 'lay-by' travel startup, FOMO has recently announced a partnership with the Singer Group's Embassy Travel through one of their partner groups, Amazing Holidays. Amazing Holidays is the leisure division of Embassy Travel and is the Singer Group's online travel agency. Embassy Travel is also the founding shareholder of XL Travel, one of SA's largest travel consortiums. This gives FOMO Travel access to major buying power, translating into competitive rates, it was claimed in a press release to Ventureburn. "This is a very exciting era for both Amazing Holidays and FOMO Travel. The Singer Group has been on a growth...

  • Global Student Entrepreneur Awards to support young entrepreneurs

    The Global Student Entrepreneur Awards (GSEA), a global initiative of the Entrepreneurs Organisation (EO) is aiming to support young local entrepreneurs. "The GSEA awards allow us to identify and help nurture the aspiring entrepreneurs of tomorrow," said member of the EO, Ross Drake in a press release to Ventureburn. "South Africa is in need of entrepreneurial talent, people who can identify gaps and provide solutions thereby contributing to growing and improving our economy. "We are committed to helping entrepreneurs grow their businesses and believe the students who are just starting out need as much support as they can get," Drake continued. Recently the...

  • African startups to take on Silicon Valley

    This week, five African startups will take on Silicon Valley as part of the 2017 Lions@frica Innovation Tour. The five startups selected were part of Demo Africa 2016 and will compete alongside local tech startups as well as have the opportunity to engage the startup ecosystem through various activities and events. "These five startups have been prepared for the tour through a series of learning activities over a two-month long virtual bootcamp," said the communications manager of the Lions@frica group, Aliesha Balde in a press release. "We want them to engage the Silicon Valley ecosystem on their own terms, but armed with...

  • Tala receives US$30-million in funding

    Credit service Tala has recently raised US$30-million in Series B financing, being led by IVP and joined by Ribbit Capital. Additional participants included in the funding round are Lowercase Capital, Data Collective, Collaborative Fund and Female Founders Fund (F3) Their newly received funding will go toward accelerating their product development as well as to expand into new markets along with building their internal team. Jules Maltz, from IVP, has also joined Talas Board of Directors as part of the financing agreement. "By using smartphone data to build financial identity, Tala is pioneering a new model that can reach more than two billion people globally who...

  • eCommerce MoneyAfrica: mobile and digital intelligence in SMEs

    The eCommerce MoneyAfrica Plenary session commenced yesterday with many insightful talks on ecommerce and fintech. Google SA's country director, Luke McKend, and principal analyst at Forrester, James McCormick, spoke on the importance of mobile systems and digital intelligence for SMEs and corporates. "It's about the process, it’s about making sure your businesses can speak to each other, it’s about making sure you have the logistics right. All the big hard stuff, it’s about getting that right," said McKend. He further stretched his point by explaining the importance of the relationship between mobile and financial systems. "I'm doing all these different things with my phone. There...

  • eCommerce MoneyAfrica Confex kicks off in Cape Town

    Ventureburn recently attended the third annual eCommerce MoneyAfrica Confex in Cape Town, featuring a range of notable speakers. Ventureburn editor Graham van der Made chaired the morning session, as well as a panel on the potential for ecommerce in the South African and larger African markets. The morning session covered Uber and Airbnb's global success, and various digital strategies that companies could incorporate to keep up with their customers. Luke McKend, country director for Google SA, was the first speaker, covering the importance of mobile in e-commerce. The eCommerce MoneyAfrica Confex aims to cover a wide-variety of issues and solutions facing e-commerce "I'm doing all these different things with...

  • Google’s Launchpad Start to empower African SMEs

    Internet giant, Google has opened applications for its Launchpad Start programme which aims to empower innovative SMEs. The week-long bootcamp will see 20 startups participating in the programme, taking place in partnership with JoziHub from 27 to 31 March 2017. The Launchpad programme will focus on various subjects including UX and UI, product strategy, technology, business development, marketing and presentation skills. Each day of the programme will focus on a different subject and will include one-on-one mentorship, presentations and various amount of technical work. According to Google, there will be no fee for startups selected to be a part of Launchpad Start. Google...

  • Fintech Innovation Africa roadshow to kick off in Cape Town

    One of SA's largest accelerators, Sw7, in partnership with the law firm, Webber Wentzel, will launch their roadshow, known as the Fintech Innovation Africa. The roadshow will launch in both Cape Town and Johannesburg during the week of 27 February 2017. "Innotribe’s Startup Challenge for Africa plays an important role in finding the continent’s most exciting young companies, bringing them together with the financial sector," said the head of Middle East, Turkey and Africa at SWIFT, Sido Bestani in a press release to Ventureburn. Fintech Innovation Africa will act as a runway event for the SWIFT Innotribe Startup Challenge which will be held...

  • Applications now open for Anzisha Prize youth entrepreneurs awards

    Applications for the Anzisha Prize, an award celebrating Youth Entrepreneurs who've made their mark on SA, are now open. It was established by the African Leadership Academy (ALA) along with the Mastercard Foundation. 15 entrepreneurs between the ages of 15 and 22 will have the opportunity to win a share of US$100 000 and receive ongoing consulting services as well as access to a network of global leaders. "Finalists for the Prize win far more than access to a share of the pool of US$100,000 in prize money, they also access a business incubation fellowship aimed at growing their business and supporting...