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Startup news

  • SA’s Stanchion Payment Solutions heads to Europe, sets sight on global market

    South African company Stanchion Payment Solutions has recently opened up its European regional office based in London. The tech company focuses on implementing, managing and enhancing payment systems and solutions in complex environments for banks, retailers, payment processors and payment system vendors, and has recently shown a growling appetite for the global market. Stanchion’s entry into the European financial services technology sector follows a year after opening up a Middle East and North Africa regional office, based in Dubai, in March 2013. Stanchion CEO Graham Williams says the latest development is a milestone in exporting proven South African payments technology...

  • AfricanUp aims to connect startups, accelerators, tech hubs

    It's not always easy for the various players in the African startup system -- including the startups themselves, accelerators and tech hubs -- to stay connected. On a continent with over a billion people and 54 countries, that's hardly surprising. In a bid to help remedy that, two veterans of the South African startup scene, Paul Cartmel and Nic Haralambous, have launched AfricanUp. The platform touts itself as a space for startups, technology hubs and accelerators​ to connect with one another, "for investors to find startups, and for the technology eco-system at large to tell the world its story". Right now,...

  • mHealth startup Telemed secures venture capital from The African Group

    Telemed Medical Services is an Ethiopian startup responsible for the country's popular mobile health and medical consultancy service, Hello Doctor, and has recently announced it's raised funds from US-based VC group The Africa Group (TAG). The Ethiopian engineering consultancy that, among other things, specialises in mobile health consulting is giving up a 25% stake of Telemed and plans to further address a crucial demand for health-related service delivery. Together with BelCash Technology, Telemed released its flagship product, Hello Doctor, in 2012. It claims to have been the first and only service in Ethiopia where patients can call a short code...

  • Hotel booking startup Jovago expands to Senegal, Kenya

    The Nigerian hotel booking startup, Jovago, has recently announced that it's expanding to Senegal and Kenya. Given the recent figures for the region's tourism activity, this could only mean that competition is heating up. The service is Rocket Internet's Africa Internet Holding (AIH) answer to Kenya’s popular SleepOut and Nigeria's hotels.ng. It also announced last year that it has more than 2 000 hotels listed on the website. Jovago says that it facilitates the booking process for its users with an informative, reliable and user-friendly service, by listing travel destinations and providing hotel information online. The booking portal does not apply...

  • Lamudi is the largest real estate site in Uganda, credits emerging middle class

    In October last year, Rocket Internet launched Lamudi, the real estate version of its "mudi" startup branches -- Carmudi being its online vehicle shop cousin. Lamudi, as a brand, united tens of the German incubator's housing startups under one banner, and since launching in Uganda it claims to be the largest real estate listing site in the Central East African country. The Rocket Internet giant has steamrolled across most continents with an overall number of twenty-one Lamudis currently in operation in countries such as Algeria, Bangladesh, Columbia, Ghana, Kenya, Mexico and Nigeria. Meeting the demands of informative housing purchases and...

  • Project Iziswe partners with Western Cape to bring free Wi-Fi to 90k people

    The free Wi-Fi for the masses initiative, Project Iziswe has recently partnered with the Western Cape Government's Department of Economic Development and Tourism to open up hot spots in specific public spaces in the Western Cape province. Headquartered about 50km from the Cape Town, the project initially started in Stellenbosch and has since started rolling out its services in the City of Tshwane in November last year. The Western Cape government has partnered with "top non-profit organisations" to replicate the model that works best across the whole province. Apart from Project Iziswe, other NPO's include Digital Village and House of Compassion....

  • Timetoreply helps track and increase customer response time online

    Based in Cape Town, South Africa timetoreply helps sites measure how quickly they respond to customer enquiries which then helps them improve their response time. The startup has announced that the popular entrepreneur Chris Staines who's been voted among the world’s top seven entrepreneurs in 2000 by Business Week Magazine has recently invested in the company. Dane Spear started to develop timetoreply in 2012. The algorithmic software could be used by website owners to measure how fast sales agents were responding to web-generated leads or unqualified sales opportunities, and track improved contact rates over time. Put simply, it's a...

  • InVenture raises $1.2-million to help serve emerging markets’ underbanked

    InVenture is a credit score for anyone with a mobile phone. In order to expand its phone-based personal finance software, InSight, which generates financial identities and credit scores for the underbanked in South Asia and Africa, the startup has recently raised US$1.2-million. According to the startup, there are an estimated 4.5-billion people without formal credit scores in the world. In order to help this underbanked market, InVenture is aiming to meet the demand of the majority of people based in South Africa, Kenya and India by implementing its innovative personal financial aid technology. This is done by implementing the company's InSight...

  • Nigerian mobile security startup secures up to $10m in funding round

    Nigerian financial security app, i.Sec, has closed a US$10-million funding round with local private equity firm Synergy Capital, according to the company website. "...Synergy Capital, a Lagos, Nigeria financial advisory firm, and i.Sec are pleased to announce that they have entered into an Investment Agreement of up to US$10 million." The startup has been operating in stealth mode for a while now, but is ready for its public launch in May. The actual terms of the deal is quite hush-hush and we have reached out to both parties for comment. The company refers to itself as a "business and socioeconomic solutions Development...

  • Azimo closes $10m Series A fundraising deal to fuel emerging market expansion

    Azimo, the clever UK-based FinTech startup that enables international money transfers through novel ways, has closed a US$10-million Series A funding round led by Greycroft Partners. Accion’s Frontier Investments Group, e.ventures, TA Ventures, RI Digital Ventures and KRW Schindler Investments also took part in the round. The startup will use the money to accelerate its European expansion and target other key markets in North America and Asia. Emerging regions, which host an estimated two and a half billion unbanked consumers, are important growth markets for the startup. Azimo's European customers send money in increasing volumes to 192 countries, with the fastest...

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