• 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 Stephen Timm: Editor

  • SA fintech JUMO secures first two commitments in new funding round

    SA fintech JUMO has secured equity funding from French development agency Proparco and Finnish development finance company Finnfund -- the first commitments to a new funding round, the startup's founder Andrew Watkins-Ball revealed yesterday. The startup’s platform helps facilitates digital financial services such as credit and savings in emerging markets. The Finnish development took part in a A$24-million debt facility last year (see this earlier story). In a call from London yesterday, Watkins-Ball told Ventureburn that the commitments from Proparco and Finnfund were secured six weeks ago. He declined to reveal the value of the funding, but said each of the organisations have taken a single-digit equity in return for the funding. He said...

  • Identity.com a ‘first-of-kind’ for secure identity verification says Vinny Lingham

    South African entrepreneur and Civic founder Vinny Lingham has announced the name of his new decentralised identity ecosystem – Identity.com. In a blog post yesterday East London born Lingham, who is based in Silicon Valley, said Identity.com will be a "first-of-its-kind" decentralised platform that will open up access to on-demand, secure identity verification. "Identity.com is designed to connect users, requesters, and validators around the world to enable reusable identity verification, powered by Civic tokens (CVCs). "This ecosystem allows individuals, companies, and other entities to interact easily and safely in the digital world," he said. SA entrepreneur and Civic founder Vinny Lingham says Identity.com will be a 'first-of-its-kind' decentralised platform for...

  • How SA tech startups plan to celebrate Mandela Day by reaching out to needy

    With South Africa today honouring the legacy of former president Nelson Mandela, a number of SA tech startups have taken to celebrating Mandela Day by offering to reach out to those more needy. Here then are how three startups have chosen to honour Madiba, or give up 67 minutes of their time in remembrance of the icon's legacy. Cape Town based logistics startup Pargo is running a challenge today to get clients to send food or toy parcels up to underprivileged children in Mthatha in the Eastern Cape. A number of SA tech startups are celebrating Mandela Day today by offering to reach out...

  • Five SA tech startups that are expanding into the rest of Africa [Updated]

    South African tech startups are slowly waking up to the massive untapped market that is the rest of the continent. If data from Ventureburn's 2017 tech startup survey is anything to go by, an increasing percentage of tech startups are looking to Africa to market their new solutions. In all 40% of the 260 SA tech startup founders Ventureburn surveyed in a 2017 tech startup survey listed Africa as their principal market, up from 13% in a 2015 Ventureburn survey which sampled 197 founders. Ventureburn spoke to five SA startups to find out how their expansion to the rest off the continent is going and what some...

  • How Google Launchpad helped prepare newly cash flush Aerobotics to scale

    Funding has little value if you don't put it to good use as some startups often discover when it's too late. This makes business advice from experts invaluable -- as Benji Meltzer, the co-founder of Cape Town aerial data analytics platform Aerobotics will likely know. It come hot on the heels of last week's Series-A funding announcement (for an undisclosed amount) in which local Nedbank was the lead investor. Aerobotics co-founder Benji Meltzer (pictured above right, with co-founder James Patterson (left) and Google research director Peter Norvig) told Ventureburn today that being part of the six-month Google Launchpad programme has helped the startup in place the necessary systems and processes that...

  • SA platform Bitfund claims hundreds of signups since yesterday’s launch

    SA cryptocurrency investment platform Bitfund has had "hundreds" of investors sign up since its launch yesterday claims one of its founders, Josh Miltz. The founders of the Joburg-based startup claim that the new platform gives investors exposure to index portfolios of more than 20 of the largest cryptocurrencies. "We think a lot of people are excited by the technology," Miltz told Ventureburn today. However, Miltz -- a software engineer, who founded the startup with three former school friends last year -- declined to say how much the platform was able to raise in funding from three local entrepreneurs last year. He could say only that the platform received a "significant" amount in seed...

  • SA small businesses were looking for R86bn in 2017 estimates Finfind report

    A whopping R86-billion. That is the amount of finance that a new survey estimates that South African small businesses were looking for last year. Released today by Finfind -- an online platform that helps link small firms to funders -- the South African SMME Access to Finance Report (2017) (find it here) estimates that the total annual funding requests for small businesses to be between R86-billion and R346-billion (depending on whether 20% or 70% of small firms were looking for finance or not). Finfind's data set -- which included 11 033 firms -- was collected from the organisation's funder matching platform last year, where small businesses seeking finance completed an online...

  • Vice-president in meeting with Google head to showcase Nigeria’s tech sector [Updated]

    Nigeria's vice-president Yemi Osinbajo, who is leading a three-day US roadshow to showcase the growth of Nigeria’s tech and entertainment sectors, yesterday met with Google CEO Sundar Pichai. Yesterday Pichai tweeted: "Happy to welcome the Vice President of Nigeria @ProfOsinbajo to the Googleplex today -- great to chat with him about the opportunities of Nigeria's digital economy". Osinbajo, who arrived in the US yesterday, is leading a public-private sector collaborative investment roadshow to the US, where he will be speaking to global industry leaders in IT and entertainment sectors in Silicon Valley in San Francisco and in Hollywood, California, until tomorrow (11 July). Osinbajo...

  • SA web platform Virtual Actuary turns down bid from major insurance firm

    Things are hotting up for SA web platform Virtual Actuary, which allows actuaries to collaborate on projects without the need for expensive offices. The startup last week turned down an investment bid from a major local insurance company. Speaking to Ventureburn today, the platform's co-founder Adi Kaimowitz declined to name the interested insurance company, but said that the firm wanted to take a 65% to 70% stake in his company which he said didn't make sense to the founders. He added however that the parties did not discuss a selling price. Despite turning the bid down on Friday (6 July), Kaimowitz said he has opted to "keep the door...

  • Six black SA tech entrepreneurs to watch [Digital All Stars]

    Digital All Stars is a series of articles which aims to celebrate the best of South African digital. The articles, which will appear on Memeburn and Ventureburn, recognise and celebrate South Africa’s best digital entrepreneurs, business people, advertisers, and media professionals among others. Yoco, Recomed and Giraffe. For many SA entrepreneurs these startups and their respective founders -- Katlego Maphai, Sheraan Amod and Anish Shivdasani -- have become household names. They are just some of the many new tech startups emerging headed by black entrepreneurs (Ventureburn uses the definition in the Constitution to define black people -- which include: black African, Indian, coloured and Chinese South...

WP Twitter Auto Publish Powered By : XYZScripts.com