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All posts by Staff Reporter

  • Enter the 2018 Ventureburn Tech Startup Survey and win!

    Ventureburn, in partnership with Telkom Futuremakers and analytics company Qurio, is proud to announce the launch of the 2018 Ventureburn Tech Startup Survey. Following the success of both its 2015 and 2017 tech startup surveys, Ventureburn will again uncover the nuts and bolts of the SA tech startup sector, seeking to discover among other things: What are the major challenges facing the country’s entrepreneurs? What do South Africa’s startup founders look like? What sectors are startups more prevalent in? What types of funding are startups securing, and where are they getting their money from? Why are people flocking to startups to work there? ...

  • Nigerian rewards platform Thank U Cash secures funding from Ventures Platform

    Lagos-based venture capital (VC) firm Ventures Platform has invested an undisclosed amount in Nigerian rewards platform Thank U Cash. Ventures Platform founding partner Kola Aina announced the investment in a statement on blogging site Medium last Thursday (11 October). Aina said his firm saw the "huge but fragmented and largely unstructured" retail economy in African countries -- where small businesses do not have the resources or expertise to build robust loyalty programmes or data analytics -- as an opportunity. So far this year, Thank U Cash has secured funding from Nigerian VCs Ventures Platform and Microtraction Thank U Cash was founded earlier this year by CEO Madonna Ononobi, CTO...

  • Here are the 10 tech startups that will pitch at Seedstars Abidjan 2018

    Seedstars World, one of the largest startup competitions for emerging markets, has announced the 10 startups that will pitch at Seedstars Abidjan next Friday (26 October). The startup that comes out tops at the pitch event, which will take place at Seedspace Abidjan, will win an all-inclusive trip to attend the Seedstars Summit in Switzerland in April next year, where the startup stands to win up to $1-million in equity investment. In addition, the winning startup will also represent Ivory Coast at the Seedstars Africa Regional Summit which will take place in Dar es Salaam, Tanzania on 13 December. A total of 10 startups have been selected to pitch at Seedstars Abidjan next Friday The...

  • SA insurance platform Click2Sure secures investment from Greenlight Re

    Cape Town based digital insurance platform Click2Sure has secured an undisclosed investment from Greenlight Capital Re, a Cayman Islands based reinsurance company. In a statement today (17 October), Click2Sure said the investment was motivated by the startup's "unique cloud-based technology" and the experience of Click2Sure's founding partners serial entrepreneurs Daniel Guasco (pictured above) and Jacques van Niekerk. Commenting in the same statement, Van Niekerk said he was delighted by the investment as well as the endorsement of the startup's "unique full-stack, multiple digital platform capability and potential". Click2Sure was founded in 2016 by Daniel Guasco and Jacques Van Niekerk "This partnership has brought global recognition to a South African business and...

  • US-based Nigerian fintech Flutterwave closes $10m Series-A extension round

    US-based Nigerian fintech startup Flutterwave has closed a $10-million Series-A extension round bringing the total amount the startup has raised since its launch two years ago, to just over $20-million. In a statement on the company's website last Sunday (14 October), Flutterwave stated that the Series-A extension round included investments from Mastercard, CRE Ventures, Fintech Collective, 4DX Ventures and Raba Capital, among others. As part of the deal, Green Visor Capital chairman and general partner Joe Saunders will join Flutterwave's board of directors. Since its launch in 2016, Flutterwave has raised over $20-million Flutterwave provides digital payments infrastructure and services which enable global merchants,...

  • SA startup Doot! accepted into 500 Startups Kobe Accelerator

    Recently launched SA startup Doot! has been accepted into the 500 Startups Kobe Accelerator programme in Japan. Doot! was founded in July by co-CEOs Sbusiso Buna and Brandon Josi, CTO Louis van der Walt and Japan country manager Takayo Nakao and Steve McAdam. It launched its platform earlier this month, which aims to connect English-speaking travellers wishing to eat authentic meals with Japanese locals who want to have English conversations to improve their ability at speaking the language. Doot! was founded in July and recently launched its platform earlier this month Buna (pictured above) told Ventureburn last week Thursday (11 October) that the startup's team will be...

  • Entered the Ventureburn Tech Startup Survey yet? Here’s why you should

    In a bid to gain a better understanding of how SA's tech startup sector works, Ventureburn -- in partnership with Telkom Futuremakers and analytics company Qurio -- has launched the 2018 Ventureburn Tech Startup Survey. The data from the survey will inform a series of articles on Ventureburn -- which will cover the challenges facing South African tech entrepreneurs -- and will be distributed to wider media and associated tech conferences. Ventureburn will also hold an event surrounding the release of the data to the country. The Ventureburn Tech Startup Survey will prove crucial in providing data on the challenges faced by South African tech startups Last...

  • Angolan ride-sharing service Kubinga wins Seedstars Luanda

    Angolan P2P ride-sharing service Kubinga has been selected as the winner of this year's Seedstars Luanda pitch event. In all, 10 startups pitched at the event which was held in the Angolan capital last Friday (12 October). A panel of judges that included BFA Asset Management CEO Rui Oliveira, TGI president Alexander Thompson-Payan, Kianda Hub managing director Joel Epalanga, Unitel head of innovation Juelson Bartolomeu, Banco Millennium Atlantico board member Odyle Vieira Dias Cardoso and Seedstars World regional manager Claudia Makadristo selected the winners. Kubinga will now represent Angola at the Seedstars Africa and global summits Kubinga placed first ahead of elearning platform LV Digital, which came...

  • Here are the 10 SA startups that will pitch at this year’s Seedstars Cape Town

    Seedstars World, one of the largest startup competitions for emerging markets, has announced the 10 SA startups that will pitch at Seedstars Cape Town this Friday (19 October) -- in the first of three pitches Seedstars will hold in the country. The top three startups from the pitch event, which will take place at Seedspace Cape Town, will join the top three startups from the Johannesburg pitch which will be held next month, as well as other competitors at the main event -- to be held also in Cape Town as well, next month. At the main event startups will compete to be crowned the country winner and a chance...

  • Meet the 10 Nigerian tech startups selected to pitch at Seedstars Lagos

    Seedstars World, one of the largest startup competitions for emerging markets, has announced the 10 Nigerian startups that will pitch at the sixth Seedstars Lagos pitch event this Friday (19 October). The startup that comes out tops at the pitch event, which will take place at Seedspace Lagos, will win an all-inclusive trip to attend the Seedstars Summit in Switzerland in April next year, where they stand to win up to $1-million in equity investment. In addition, the winning startup will also represent Nigeria at the Seedstars Africa Regional Summit which will take place in Dar es Salaam, Tanzania on 13 December. Seedstars World has selected 10 startups...