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All posts by Staff Reporter

  • Seedstars World competition heads to Kenya for next leg, partners with CfC Stanic Bank

    After naming duty-free shopping startup Airshop the winner of its round in Abidjan, the Seedstars World competition will next be taking place in Nairobi, Kenya on 2 October. The competition will be looking for the best startup in Kenya that will go on to compete for a US$500 000 equity prize in Geneva, Switzerland. For this leg of the competition, Seedstars World has partnered with Kenyan financial institution CfC Stanic Bank. The partnership will allow for the Kenyan winner to attend the finals in Geneva, Switzerland. CfC Stanic Bank will also explore potential options for participating entrepreneurs with regards to partnerships...

  • Awards to recognise South Africa’s top township entrepreneurs

    A total of R1-million is on offer to Gauteng's best township entrepreneurs. The inaugural Township Entrepreneur Awards -- which includes 50 000 entrepreneurs in the South African province -- hopes to showcase, recognise and reward forward-thinking township businesses in the region. Gauteng MEC for Economic Development, Environment, Agriculture and Rural Development Lebogang Maile, who is currently calling for nominations, explained the importance of the awards: We have inspirational stories of township entrepreneurs breaking through hostile and adverse conditions of the apartheid system, which effectively criminalised and stifled black enterprise and building formidable brands and industries. As argued in a recent Ventureburn article,...

  • Nigerian online marketplace to tap into Africa’s growing arts space

    An online marketplace for art, dubbed The Art Cabal, is set to officially launch in October this year with the hope of attracting independent artists and gallery owners from around the continent's growing arts industry. Similar to US sites like Eyestorm or South African outfits, Unsung Art or Guns and Rain, The Art Cabal wants to be a platform where artists or exhibitors can leverage their presence online. According to a recent press release, many art lovers do not have the time to appreciate and hand-pick the unique roadside artwork that African artists are promoting. Read more This startup lets you buy...

  • Sage, Microsoft partner for next-generation product development

    Small business accounting and payroll solutions provider Sage and tech giant Microsoft are collaborating on future product development. The partnership will enable Sage products to be built on Microsoft platforms, leveraging the company's cloud solutions. As noted in a press release, this recent deal strengthens an existing relationship between the two parties. While Sage has been a key customer for Microsoft Office 365, Microsoft Windows and Microsoft Azure, the payroll provider will be able to deliver cloud, on-premise and hybrid solutions at a global level. Read more: Transport service Old School Cool takes top spot in 702, Sage One Small Business...

  • NetFlorist adds MasterPass wallet service to handle over 1.5k daily sales

    South African online floral and gifting service NetFlorist has partnered with MasterCard to implement its digital wallet service, called MasterPass. This would enable the company to not only handle the company's average of between 1 500 and 2 000 daily transactions, but hopefully expand its popularity. The integration is meant to offer customers a more seamless, secure online shopping checkout process, which MD Ryan Bacher describes as being very crucial to NetFlorist: Read more: Ventureburn goes behind the scenes on SA Florist’s Dragons’ Den deal Eighty-five percent of our business is via the NetFlorist website. MasterPass appeals as a payment option as...

  • Raizcorp, Nedbank to host SimplyBiz workshop for Cape Town entrepreneurs

    South African business incubator Raizcorp in partnership with major local bank Nedbank will be hosting the SimplyBiz Shift Questions workshop in Cape Town 12 September. The workshop is part of a national effort to equip entrepreneurs with the tools needed to think differently about their businesses and accelerate success. CEO of Raizcorp, who will also be facilitating the one-day session, explains that the SimplyBiz Shift Questions workshop will teach entrepreneurs to shift the paradigms of their thinking. “Many people have this notion that if they follow the exact steps that a successful entrepreneur took in their own journey, they too will...

  • India’s Zomato secures $60M cash injection to roll out exciting food services globally

    Restaurant-discovery startup Zomato has raised a US$60-million round of funding from new investors Temasek Holdings, and existing investors Vy Capital. The capital injection will help the India-headquartered company to introduce more of its product features and services to some of the 20 countries it operates in. In a blog post, Zomato's CFO Umesh Hora writes that some of these new businesses include online ordering, table reservations, cashless payments, point-of-sale, as well as its newly launched white-label platform. Read more: Zomato closes $60m round of funding for its appetite to take over the world Hora adds that the company will roll out online...

  • Payments startup i-Pay gets expansion support from PayU [updated]

    South African online payments company i-Pay signed a deal with the Naspers-owned payments company, PayU, which aims to expand the startup's services across the continent. Launched in November 2014, i-Pay came on to South Africa's online payments scene with a mission to take on existing players like PayFast and PayGate. Though the company's appetite stems much further than ecommerce solutions. "PayU is excited to work with i-Pay in deploying this next-gen EFT solution, as it not only leads the industry in the right direction but it perfectly complements the existing 30 plus products suite PayU currently offers South African merchants," said...

  • Nigerian financial services comparison site TopCheck scores over $1M

    Nigerian financial comparison startup TopCheck has announced an investment of 1-million Euros (around US$1.1-million). The website will enable Nigerians to compare and buy insurances online. It also plans on adding a range of other financial services within the near future. Company founder Thomas Pilar elaborated in a recent press release sent to Ventureburn: With TopCheck, African consumers can finally enjoy the security and convenience of buying financial services online. We bring transparency to a market that traditionally suffers from inefficiency. Our customers can compare prices and save money. TopCheck was founded by an international team of entrepreneurs who have worked at renowned companies...

  • Payroll company PaySpace receives prestigious Frost & Sullivan award

    Cloud-based payroll and human capital management company PaySpace has been awarded the prestigious Frost & Sullivan 2015 South African Product Leadership of the Year Award for Enterprise Resource Planning Systems. Established by Bruce, Warren, Clyde van Wyk and George Karageorgiades (pictured above) in 2000, PaySpace offers low-cost, cloud-based payroll and human capital management (HCM) enterprise software. Frost & Sullivan has awarded PaySpace for its impressive growth achieved over the years. The payroll software has increased its usage from 18 countries in 2011 to 37 countries in 2014. Read more: Study: fewer than half of SA’s SMEs use cloud services Fadzai Deda, Frost &...

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