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Startup news

  • 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...

  • Waabeh shows snapshot of Africa’s music streaming industry [infographic]

    Online music streaming has been booming ever since iTunes was released more than a decade ago. With African content for Africans in mind, services such as Nigeria's iRoking and Kenya's Waabeh are steadily increasing their online footprints, not only in their respective regions, but internationally as well. The latter recently released an infographic of its performance in the last year, which gives us a snapshot of what the African music streaming industry might look like. Since launching in 2013, Waabeh has managed to become the local go-to place for Kenyan artists to easily upload and distribute their music,...

  • Jumia now offering budget-friendly X-touch tablet in Nigeria

    Jumia is one of Nigeria's largest online retail stores and offers a range products from women's high-heels to cheap smartphones and books. To further help prove itself as a leading electronics store, the ecommerce outfit recently announced that it will be exclusively stocking the cost-friendly yet capable X-touch tablet. The X-touch is said to be one of the best tablet brands currently available in Nigeria with specifications to fit a wide range of tablet users. The tablet is available in a range of different models with numerous functions from Wi-Fi, a long battery life and a front camera for...

  • These are SA’s top four ‘U-Startups’ heading to Milan

    The South African leg of the U-Start startup conference has come to an end with four impressive contenders awarded the opportunity to present their ventures in Milan, Italy. Mellowcabs, wiGroup, CapeRay and Over have been chosen to present South Africa in the global startup pitch competition taking place 13-14 May. In an attempt to give the top of the crop startups from emerging markets and beyond exposure and access to high net-worth funding, these four ventures will have access to mentorship, incubation, a week of training, one-year free access to the U-Start platform and international exposure to media and investors....

  • LaunchPad connects students to startup internships in Asia

    Ever wanted an internship in Asia? Students and graduates from around the world now have access to information on the best internships offered by startups in Asia, thanks to iMoney, one of Malaysia's leading financial product comparison website. The jobs site? It's called LaunchPad. Asia is one of the fastest growing economic regions in the world, alongside Africa, and its blossoming startup scene will give interns a hands-on experience in a fast-paced environment. LaunchPad, which functions as an internship aggregator, is effectively a jobs board for internships who're looking for startups in Asia. LaunchPad was created as a social project to help students "match...

  • Daredevil startup DonationShop gets charities into ecommerce, for zero down

    Charities are taking an increasingly entrepreneurial approach to sustaining their initiatives. US-based MalaikaForLife, for example, runs an ecommerce store that stocks bracelets produced by a group of 150 women in Tanzania. The proceeds go towards providing them with a source of sustainable income and for stamping out malaria in the region. Then there's DoGoodBuyUs, a type of Etsy for charities, which stocks hundreds of charity made products. The trouble is that in order for a charity to produce these products, they need some kind of starting capital to produce the goods. One option would be to take a micro-financing approach...

  • Nomanini secures series-B bringing total capital raised to over R20-million

    Nomanini, the company that delivers physical prepaid vouchers through its little cloud-connected box, has secured an undisclosed amount in series-B funding from Seychelles-based investment company Rockbridge Investments Limited. The latest financing brings the startup's total raised capital to over R20-million -- roughly US$2-million. The funds will enable Nomanini to expand its prepaid platform across Africa and in to other developing countries. In 2012, Nomanini raised US$600 000 in series-A funding from Netherlands based eVentures Africa Fund (eVA Fund) as well as Esther Dyson — the angel investor who sits on the board of companies such as 23andMe, Evernote and...

  • GoMetro and MellowCabs partner to make SA cities’ transport smarter

    Two South African tech startups recently announced their partnership to better the country's transportation industry by furthering the idea of smart cities. GoMetro and Mellowcabs will be working together to drive collaboration, awareness and adoption of the two services in major urban areas of South Africa and beyond. GoMetro provides South African commuters using the MetroRail train service with crucial information via their mobile phones. Through this new partnership, GoMetro will provide the eco-friendly taxi service Mellowcabs with a Driver App, running on tablets to be mounted in the cabs. This will track the location of the vehicle with the...

  • TechCabal Battlefield 2014: the top 3 Nigerian startups

    TechCabal Battlefield 2014 has come to pass, and after much hype and excitement the Nigerian startup competition ultimately looked to three ventures as the winners. Out of the 92 applicants and initial seven finalists, these are the top startups: PrepClass, who got first place, is an e-learning startup that describes itself as an online portal that helps students prepare for exams. PrepClass literally prepares students for popular tests such as the nationwide JAMB exams. PrepClass received US$20,000 and some extra goodies. In second place there's Callbase. It's described as being a telephone system for modern distributed teams. Basically, it's a cloud-based service...

  • Momentum Core and Leti Arts bring African apps to Mobile World Congress

    African start-ups Momentum Core and Leti Arts will this year showcase their apps optimised for Intel Architecture at Mobile World Congress. Momentum Core will showcase its Simiyu the Chicken gaming app while Leti Arts will showcase their Leti Center. The two apps were developed with support from Intel's Software Services Group in Africa which has been training developers in the last 6 months, enabling them to create and port Android apps for Intel Android devices. Urging developers across Africa to take advantage of the free resources and training support offered by Intel Corporation in Africa, Agatha Gikunda, Software Services Lead for...

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