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Startup news

  • Malaysian iMoney joins Harvard Business School in MBA collaboration

    iMoney, a Malaysia-based financial services startup, has partnered with the Harvard Business School (HBS) on its MBA Field Immersion Experience for Leadership Development (FIELD) programme. Six students from the HBS will join iMoney in Kuala Lumpur for a week to gain real-life experience working in the field. iMoney is Asia's leading financial product comparison website, and allows customers to view the best home loans, personal loans, car insurance, credit card and deposit rates in the region, with the convenience of applying to any bank online. “We are happy to be able to provide real-life experience with this group of Harvard...

  • Jumia exits & Shoppi.ng acqui-hires: Major shakeups in Nigeria’s ecommerce scene

    2014 is shaping up to be quite the year for ecommerce in Nigeria. Unconfirmed reports have been floating around that Jumia co-founders, Tunde Kehinde and Raphael Afaedor, are leaving the company to pursue other ventures. It's always suspicious when two company co-founders duck out before the venture has really grown up. Sure Rocket Internet, the company's prefab manufacturer, has thrown a lot of money at it and grow its numbers but it's still an ecommerce startup figuring out Nigeria. "I wouldn't say we are losing our founders exactly," said a well-placed source inside Jumia. "More that they are moving...

  • Facebook acquires its first Indian startup in Little Eyes Lab

    Facebook is taking the emerging markets seriously, with rumours of Facebook Africa coming. The company has acquired an Indian startup, Little Eyes Lab, that makes analytics software. This is the first Indian company to be acquired by Facebook. "We're very excited to announce that Facebook is acquiring our company," Little Eyes Lab announced on its site this week. "With this acquisition, Little Eye Labs will join forces with Facebook to take its mobile development to the next level! This is Facebook's first acquisition of an Indian company, and we are happy to become part of such an incredible team." Last month...

  • Pata Cab brings smart cab-hailing to Nairobi, prevents excess fares

    Hailing a cab can be tricky business. In a large city like New York, this is because the demand is so high for rides, in a place like Africa, there is the extra worry of being conned by taxi drivers -- at least that's the concern for Nairobi-based startup, Pata Cab, which aims to streamline the cab-hailing process in the Kenyan capital with its new platform. "Pata" is Swahili for "find" or "get," and the platform was founded by Anthony Wainaina Kariuki, assisted by German consultant Jochen Baumeister. In essence, Pata Cab is an automation platform for cab-hailing with perks...

  • Frozen Chimez Animation aims to bring high-end animation to SA corporates

    South Africa's animation scene has been on the up ever since Triggerfish animation studio started releasing worldwide blockbuster hits such as Zambezia and Khumba. Spurred on by success in the art and entertainment sector, new players are starting to emerge, especially on the corporate side of things, such as with new animation 'specialists' Frozen Chimez Animation opening up its doors in Cape Town. Frozen Chimez Animation's mission statement as listed on its website, is to 'create high-end animation, design and motion graphic solutions for South Africa corporate and individual market' such as advertising agencies and companies. It aims to do...

  • Uber partners with Taiwan’s number search service WhatsTheNumber

    Today Uber, the fast-growing transportation startup, announced it will collaborate with WhatsTheNumber, the phone-number search service from Taiwan-based mobile app company StorySense. As reported by Taiwan’s Business Next, users who register with Uber and use 'WHATSTHENUMBER' as a reference can receive NTD$350 (about $10) towards a ride. WhatsTheNumber is a mobile app for iOS that lets users search for a specific location and immediately dial its phone number. Developed by MIT Media Lab alum Edward Shen, it has racked up 800 000 registered users to date, the majority of whom reside in Taiwan and Hong Kong. Linking up with local startup ecosystems...

  • iROKING founder Jason Njoku returns as troubled music service’s CEO

    Almost exactly a month following the ousting of former iROKING CEO Michael Ugwu, the ailing Nigerian music service has announced that iROKING founder and original CEO Jason Njoku, will take back the reins. Njoku's return will see him continue his duties as CEO of iROKOtv while taking overall control of iROKING artist management, all aspects of music distribution, including YouTube, iTunes and Amazon distribution, and oversee platform partnerships with the likes of Mxit and Eskimi. Following Ugwu's ousting, the ex-CEO commented on iROKING's ill-health saying that iROKO Partners Lagos has seen its staff decrease from around 80 staff to about...

  • StartupBus Africa launches feature phone teaching aid Sterio.me

    StartupBus Africa has finished its trip from Harare to Cape Town, and over the course of the 2500km travelled, a new education startup for Africa has emerged: sterio.me. StartupBus is a simple enough concept: a mobile hackathon aimed at developing technology solutions across a variety of sectors. The African leg paired 15 African entrepreneurs with 15 global counterparts for the five day road trip. In that time participants are expected to conceptualise, and execute ideas for a startup. This year designers, developers and the business-savvy alike joined forces to tackle African problems in areas like energy, mobile, education and healthcare. Sterio.me is...

  • 88mph Cape Town 2014 programme now open for applications

    If you're an entrepreneur looking for mentorship, funding, and a co-working space, then we've got good news for you. Startup accelerator and private fund 88mph has opened applications for its 2014 Cape Town programme -- and the application promises to be a quick and painless process in the guise of a simple 20 question form that needs to be completed for entry. 88mph describes itself as a business accelerator for early-stage companies with a mobile-web focus. The programme offers funding -- up to US$100 000 -- as well as mentorship and three-months of office space based at the vibrant Woodstock Exchange,...

  • Jumia’s Partner Programme launches, encourages social sharing for money

    Lagos-based ecommerce site, Jumia, has had a busy 2013, from launching an Android app, to winning The Best New Retail Launch of the Year, to creating its own "ecommerce campus in West Africa," the Rocket Internet-backed pride and joy is showing no signs of slowing down. Its next play is an upgrade to its affiliate programme -- now called the Partner Programme -- which allows everyone to earn money easily by sharing links on their own websites or social media platforms such as Twitter, Google+ and Facebook. Tunde Kehinde, Jumia co-founder, said this of the upgrade: “This new program...

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