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Startup news

  • LaunchLab, Nedbank on hunt for next big thing in fintech, big data

    LaunchLab in partnership with Nedbank has launched a Fintech and Big Data Challenge which commenced on 16 August 2016 and will continue to 23 September with the final event take place on 20 October of this year. The challenge will seek to find innovative ideas that will alter the way consumers bank in Africa. LaunchLab along with Nedbank will search for new businesses that address new ways to use mobile technology in the sector, as well as new ways to incorporate gamification to better client engagement with products. The challenge will also focus on platforms related to money transfers and fundraising initiatives, such as crowdfunding...

  • Zoona raises $15-million in Series B funding round, 4Di Capital on-board

    African fintech startup Zoona has announced a series B funding round of US$15-million. The round concluded a week prior to the announcement and was led by the International Finance Corporation (IFC), a member of World Bank Group. Cape Town-based venture capital firm 4Di Capital is one of the investors, having injected an unspecified amount in Zoona. According to Justin Stanford, co-founder and managing director of 4Di, this is the first investment from the firm's new fund. Stanford holds a four-year non-executive position on Zoona's board. Series A investors Accion, consisting of Quona Capital, and Omidyar Network, doubled their investment for the Series B round, with the Lundin Foundation increasing...

  • Healthcare app Kangpe declared winner of Lagos Seedstars World competition [update]

    Healthcare platform, Kangpe, has been crowned the winner of the Seedstars World pitching competition in Nigeria. The event took place on 11 August at Seedspace Lagos. Kangpe is a mobile app which allows users to access over 500 doctors, around the clock health care, and tips. "I am a trained doctor and as soon as everyone would hear this they would always ask me for advice. I saw a real need for people to have access to doctors, even in the most rural of areas," says founder of Kangpe, Femi Kuti, in a press release. The Lagos Seedstar World finalists had five minutes to impress the...

  • Behind AlphaCode: a catchup with the financial services club

    Ventureburn recently caught up with the head of marketing and operations for AlphaCode, Paige Robertson, at their latest roundtable. Since being named one of the top 11 co-working spaces globally, they've also increased their memberships, constantly bringing in new businesses. At AlphaCode's recent roundtable discussion, it was all about taking your business to Silicon Valley. "Many of our CT businesses are more mature and further developed than our Johannesburg-based businesses and so we try and curate the content for our events based on the people attending," said Robertson. Philip Joubert, co-founder of Offer Zen was one of the members in attendance who spoke...

  • SA’s Payment24 headed to Germany for Startupbootcamp

    IT research and development startup, Payment24, is headed to one of the most recognisable network of startup accelerators, Startupbootcamp. Starting on 29 August, it will consist of 14 different programmes running across the world. Payment24, along with all of the other startups in the programme, will be provided with mentorship, office space in Berlin, access to Startupbootcamp's global network, €400 000 in services, and €15 000 in cash. After three months, the teams will be presenting themselves to over 300 investors and mentors. Payment24, which focuses on fleet management, payment systems, as well as mobile and retail solutions, was selected from 17 finalists after the...

  • Domestly takes home 2016 MTN App of the Year award

    MTN has crowned cleaning-on-demand startup, Domestly, as its 2016 App of the Year winner. They were chosen out of 450 entries from SA. The app connects consumers with cleaning professionals in order to create more jobs. It also allows cleaning professionals to manage their schedule and receive payments for the work they've done. Domestly was developed by Berno Potgieter and Thatoyaona Marumo has reportedly created 600 jobs within its first six months of being online. "The big thing about how we packaged the business is that it is a marketplace. It is about getting into a particular area and letting the market play. Cape...

  • Radio 702, Cape Talk, Sage One 2016 Small Business Awards nominations now open

    Nominations are now open for the 2016 Small Business Awards, held by Radio 702, Cape Talk, and Sage One. According to a press release sent to Ventureburn, the prize pot, sponsored by Sage One and worth R1-million, will be split between the overall winners and runners-up in Gauteng and the Western Cape. The winners in each region will receive an advertising package of R250 000 on 702/Cape Talk. From Sage, they’ll receive a laptop with free access to their Accounting and Payroll software as well as a training course or seminar of their choice and a year’s worth of software support. The runners-up...

  • Seedstars World seeks out Lagos startup candidates

    Internation pitching competition, Seedstars World, continues their tour around the world in search of the world's most innovative startups. This time, the event is headed to Lagos, Nigeria on 11 August. "Lagos has proved itself, time and again to be the leading innovation hub of the continent. The startups who participated on our event last year were phenomenal and we are very excited to come back this year, as we know for sure the bars have been raised and there will be even more amazing startups coming our way" said Associate for Africa, Selam Kebede, in a press release to...

  • BlackBOX TV declared winner of Seedstars Maputo

    Seedstar World's Maputo event took place on Friday 15 July and saw ten startups battle it out for their space at the final in Switzerland. BlackBOX TV, a broadcasting service which allows you to stream content without an internet connection, emerged as the overall winner of the Mozambique leg of the tour.  They also received the acknowledgement of 'Most Promising Seed-stage Startup of Seedstars World Mozambique 2016'. The competition was by no means easy, as BlackBOX TV beat out other competitors such as Mola Play, a mobile app that uses peer-to-peer connectivity to send and receive payments, Vamobi Net, a startup which aimed...

  • South Korea launches another global accelerator

    South Korea has been making a concerted effort to attract global startups lately. Earlier this year, the country launched the K-Startup Grand Challenge, inviting 40 startups from around the world for acceleration in Seoul. The move sees startups being given office space at a purpose-built Startup Campus in Gangnam, free round-trip tickets to the country and US$4100 a month. Now, the country has launched another government-backed global accelerator, in the form of the Seoul Global Startup Center (GSC). "A unique perspective" In a press release sent to Ventureburn, Accelerate Korea said that diversity would help promote the free flow of ideas in the sector. "The Seoul...