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All posts by Matthew Alexander

  • Mastercard’s Start Path is searching for innovative startups

    Global payments company Mastercard is searching for new startups to join its Start Path Global 2017 Class. Applications for the programme close on 23 April. The programme is accepting startups from SA as well as across the world who are operating within the banking and payments sector. Eligible startups need to have raised significant seed funding or series A investments. Other criteria for eligible startups are: Startups must demonstrate advantage over competitors. Participants must target a sizeable market opportunity. Eligible startups must have established an experienced team. Mastercard's Start Path aims to provide innovative startups with much-needed support and investment "Fintech startups around the world...

  • The Foschini Group and startups: an unlikely combo

    Ventureburn and Splash conducted an interview with The Foschini Group's (TFG) CIO, Brent Curry, which revealed many insights into what TFG and startups are producing. It's also particularly important to note his insights as they might be a way for entrepreneurs to bring their product to a large market. To date, TFG has partnered with tech startups such as Wumdrop and Pargo which brought about TFG's Deliver 2 Me service while also allowing customers to choose a convenient collection point for their items. "We know that exceptional tech talent usually prefers working in the edgier startup space, rather than at a big corporate...

  • French South African Tech Labs now recruiting

    Having received a combined R10-million in investment since its launch last year, the French South African Tech Labs (FSAT Labs), in Cape Town, is seeking its first cohort of digital entrepreneurs. Applicants have until 15 April to apply. The FSAT Labs has served as an incubator and accelerator for both SA and French entrepreneurs, placing a strong emphasis on black entrepreneurs. FSAT Lab COO Alexia Vettier told Ventureburn that the French government is helping the FSAT Labs through the French embassy as well as the French tech network. "Indeed, Cape Town has become a French tech hub since 2016 thanks to Methys, a French private company, that...

  • Entersekt wins Best Mobile Security Technology Award

    Security solution Entersekt has clinched the award for Best Mobile Security Technolgy for the second time at the 2017 Banker Africa Southern Africa Banking Awards. Entersekt uses an innovative push-based authentication solution along with digital certificate technology to protect customers from online fraud. The awards programme is open to all banks and financial institutions within SA and celebrates outstanding performance within the financial services industry. "We are particularly pleased to have been recognised for the work we do in the fintech space. As an innovator in push-based authentication and app security, it is important for our peers to acknowledge the evolution and relevance of our products and services," said Entersekt's...

  • Top startup events in South Africa, Africa you should know about this week [10/04/2017]

    Looking to get into the South African startup scene or catch up on some of your skills? Well, you've come to the right place. There are loads of competitions, networking sessions and workshops happening around South Africa and the rest of the continent (namely Kenya, Nigeria and Ghana) that we've rounded up to make your life a bit easier. This article is part of a weekly series that highlights all the top startup competitions, networking sessions, workshops and conferences around South Africa, and the greater region. If you have any event recommendations for us to add to the list, or...

  • RiseUp takes 6 startups to Silicon Valley

    Startup network, RiseUp took six startups to Silicon Valley from 4 April to 13 April. The programme exposes startups from the Middle East and Africa to the tech hub, allowing them to integrate with other startups, resulting in acceleration and growth. The programme is organised in partnership with Voyaj and TechWadi as well as the World Bank. "We cater an experience where startups have an opportunity to get exposed to new markets, connect with global industry leaders, network with investors, the global media, and most importantly gain know-how that will help them build better businesses," said RiseUp's founder, Con O’Donnell in a press release. RiseUp aims...

  • Philippines’ Acudeen Technologies wins Seedstars World

    The Filipino startup, Acudeen Technologies was crowned the Seedstars World Global Winner for 2017 on 6 April 2017, taking home the grand prize of USD$500 000 in investment. Acudeen beat startups from 65 countries at the pitching competition, held at the SwissTech Convention Centre in Lausanne. The company was crowned the winner for its solution that turns SMEs' invoices into cash by discounting their receivables. This solution provides SMEs with working capital that they wouldn't normally get from banks. Founder of Acudeen technologies, Mario Jordan "Magellan" Fetalino III elaborated on his win in a press release to Ventureburn. "Seedstars was an incredible experience. Much more...

  • Nestlé SA to bring more business to entrepreneurs

    Nutrition company Nestlé SA and the Department of Small Business Development have signed a memorandum of understanding (MOU) that'll see the creation of more than 600 jobs. The MOU serves as Nestlé SA's commitment to sourcing and developing micro-distributors who are primarily located in rural SA and townships. The partnership between Nestlé SA and the Department of Small Business Development will see a recruitment of 200 microdistributors from 2017 to 2020. The distributors would then be required to recruit at least three permanent staff, this, in turn, will create over 600 jobs. The signing of the MOU took place at the annual Proudly South African Summit...

  • Customer Onboarding Global Innovation Challenge seeks fintech startups

    The Customer Onboarding Global Innovation Challenge aims to disrupt customer onboarding and management through collaboration with fintech firms around the world and is presented by financial network platform Matchi along with ATB Financial and KPMG Canada. "ATB believes in reimagining banking and we’re always on the lookout for transformative new experiences to offer our customers," said ATB's MD James Gamage in a press release. "That’s why we’re excited to partner with KPMG and Matchi, to expand our reach into the global fintech community and discover novel new propositions to make banking work for people," he added. Entries for the challenge opened on 29...

  • Afri-Fi takes second place at Mozilla-backed Innovation Challenge

    SA's Afri-Fi has been announced as the runner-up in the Mozilla Equal Rating Innovation Challenge and walks away with USD$75 000 in funding. Afri-Fi is the extension of Project Isizwe which has granted 2.9 million users access to 500MB of free WiFi daily. "The team has proven how their solution for a free internet is supporting thriving communities in South Africa," said one of the jury members, Marlon Parker, the Founder of Reconstructed Living Labs, on behalf of the jury in a press release. "Their approach towards community building, partnerships, developing local community entrepreneurs and inclusivity, with a goal of connecting some...