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Startup news

  • Evrythng: The company that wants to bring…everything online

    People have been promising us The Internet of Things for some time now (the term dates back all the way to 1999). But so far we don’t seem to have moved much further than TVs and domestic appliances. A UK and Switzerland-based company called Evrythng wants to change all that and take the Internet of Things to well...everything. The term essentially refers uniquely identifiable objects (things) and their virtual representations in an internet-like structure. As its name suggests, Evrythng has pretty grandiose ambitions. Its raison d’etre is written boldly across the front page of the site:...

  • 22seven launch: How the Mint experience differed

    The recent launch of online money management system 22seven has raised a fair amount of controversy around allowing third-party applications to access user banking details. The innovative startup is the brainchild of Twenty20 founder Christo Davel, and is billed as an "intelligent money-saving tool" that plugs directly and securely into users' personal bank accounts and then delivers analysis on spending habits. It’s one of the sexiest start-ups to launch on the African continent, with VC from multiple investors. The “startup” bears some resemblance to US-based money management system Mint.com, which was launched five years ago following a bid...

  • Crowd-funding pushes lone startup into spotlight

    Another crowdfunding project has hit South Africa's Angel investment landscape. Crowd-funding.co.za, a site aimed at raising money for startups in South Africa, recently launched. For those not in the know,crowdfunding is chiefly a product of the internet, where individuals come together to support private or commercial ventures. This follows a crowdfunding initiative by Eve Dmochowska, Crowdfund, which didn’t see the light of day. Dmochowska's project website has been shut down, and no further news has...

  • Chirpify looks to bring commerce to Twitter

    Twitter is a great platform for businesses, journalists and everyday people. We all know that. But what may not have occurred to you is that it could also be an incredibly useful commerce platform. At least one company was thinking differently to you. A Portland, Oregon based startup called Chirpify claims that it “turns tweets into transactions, enabling consumers and businesses to buy, sell, donate and transact on Twitter.” Although founded in 2011,...

  • FNB becomes first bank to add official support for 22Seven

    At least one major South African bank appears to have changed its tune on financial management app 22Seven. First National bank (FNB) has issued a press release claiming that it will "allow access to 22Seven". The bank claims that it made the decision as part of an "ongoing attempt to create simple and convenient solutions for its customers". "FNB has set a precedence of responding to our customer's needs with innovative products and services. We are now providing a secure means to engage with 22Seven in response to our customers’ need to learn more about their financial behavior,”...

  • ZiNG wants to shake up the Mobile IM space

    The mobile Instant Messaging (IM) space already has a number of big players -- think MXit, WhatsApp, Facebook chat... the list goes on. But at least one new player thinks it can make an impact by playing to the business world. A company called Blazingchilli is looking to utilise the opportunities inherent in the mobile IM space to leverage its new enterprise level messaging platform -- ZiNG. The technology at the heart...

  • New York VC invests in Fine Art startup

    A New York-based early-stage VC fund called Founder Collective is taking an unusual bet on a niche online market: Fine Art. According to TechCrunch, the company is investing a cool US$4-million in Paddle8 -- an online marketplace that aims to provide people “With new access points to premier artworks”. Founder Collective is reportedly no stranger to investing in niche tech markets, having previously put capital into luxury vehicle hire app Uber and...

  • New startup 22seven under fire from banks [Updated]

    The high-profile launch of new financial management startup 22seven has faced some early criticism, from the very institutions it relies on: The banks. Prolific tweeter and CEO of First National Bank (FNB) Michael Jordaan tweeted yesterday that he thought 22seven was a "cool concept", but warned "against disclosing password(s) to any 3rd party". He ended his tweet with this ominous warning: "Risk all yours". Getting tweets re 22seven. Cool concept but have to advise...

  • 22seven, the gamification of personal finances

    The well-known founder of the pioneering online bank 20Twenty Christo Davel is hitting the market with a new startup, also in the financial management space. 20Twenty was an acclaimed South African online banking platform and an acknowledged leader for its time, but eventually went under when its bricks-and-mortar backing bank, Saambou, collapsed. 20Twenty was later sold to Standard Chartered for a cool US$10-million and closed. The new venture, the similarly-named 22Seven, is billed as an “intelligent money saving tool” that plugs directly and securely into your personal bank accounts and then delivers analysis on your spending habits. And this is what...

  • Triloq paves the way with virtual credit cards, email bill payments

    Online shopping was a pain before I got my first credit card. Painstakingly transferring money from my bank account to an online vendor is not ideal. With a credit card though, online shopping becomes easy. For the unlucky few who cannot get a credit card, online shopping dreams are dashed. Not so, says Triloq Payment Services. Its products, 1-2-Pay Online  and AcceptEmail have been in development from January 2011 and aim to “free”...

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