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Startup news

  • SA insurtech startup Pineapple to launch insurance product in activation on Friday [Updated]

    After two years of development insurtech startup Pineapple is finally set to launch their insurance product -- with the startup claiming today in a statement, to have made insurance as simple "as snapping a picture". The startup's co-founder Ndabenhle Junior Ngulube told Ventureburn in an email today that the startup will on Friday hold an activation for the brand in Johannesburg, Pretoria and Cape Town -- saying more details would be revealed closer to the time. He was able to tell Ventureburn how premiums would be priced. "Once a user has snapped an image of an item they want to insure, we have artificial intelligence (AI) that...

  • Andela partners with Rwandan govt to launch pan-African tech hub in Kigali

    Andela, a talent accelerator that trains software developers and pairs them with top employers around the world, has announced that it is partnering with the Rwanda Development Board to launch a pan-African tech hub in Kigali. In a statement yesterday (24 July) Andela announced that it would launch the hub later this year in December. The New York based company stated that it had selected Kigali to host its first-pan African hub because of its strong existing infrastructure and ease of access for developers across the continent. Andela's first pan-African hub will open in Kigali, Rwanda later on this year in December Andela...

  • MyLifeline to put R200k prize money into marketing, setting up web presence

    Days after winning the Santam Safety Ideas Challenge, Stellenbosch-based wearables startup MyLifeline will invest a portion of its R200 000 winnings in marketing and setting up an online presence, says co-founder Herman Bester. In an email to Ventureburn last week Friday (20 July) Bester revealed that part of the prize money would be used for "packaging, marketing and online presence". "We also have plans for further technological innovation, which is extremely exciting. We have so many applications for our product. This money will help us to reduce our long-term planning to medium term," he said. Bester, along with co-founder Anton Swanevelder, have developed an Internet-of-Things...

  • Wits aeronautical engineers win $10 000 prize in travel innovation challenge

    Three Wits aeronautical engineering students Jules Ntumba, Tso Mello and Fiona Ndlovu have clinched a $10 000 prize in a travel innovation challenge run by UK-based SITA Air Transport Community Foundation. The foundation made the announcement yesterday (23 July). The travel innovation challenge was launched earlier this year together with Johannesburg-based hub Tshimologong Precinct and Wits University. It aimed to get innovators to come up with information, tools or technology that first-time air travellers on the continent would need to make their journeys easy, successful and enjoyable. Finalists were judged on originality, target audience, solutions, and their presentations. Going by the name "Team One Exceptional", the winning...

  • BeneFactors crowned best Rwandan startup at Seedstars Kigali 2018

    Rwandan factoring firm BeneFactors has been selected as the best startup at Seedstars Kigali, winning an opportunity to represent the country at next year's Seedstars global Summit in Lausanne, Switzerland. BeneFactors was selected ahead of eight other startups that pitched at the event held last week Friday (20 July) in the Rwandan capital. The Kigali-based business-to-business financing company was founded last year by Olivia Zank (pictured above, centre) and Jani Moliis. The startup provides its clients with tailored working capital solutions in exchange for their unpaid invoices. BeneFactors was founded last year by CEO and founder Olivia Zank In a statement on Saturday (21 July),...

  • Start-Up Chile opens applications for Generation 21 seed programme

    Chilean seed accelerator Start-Up Chile has opened applications for its Generation 21 seed programme. Startup founders from around the world looking to scale into Latin America have up until 4 September to apply. Start-up Chile, which is an initiative of the Chilean government, announced that it had opened applications to its seed programme in a blog post on Tuesday (20 July). Tomorrow (24 July) at 2pm Chilean time (8pm Central African Time) the Start-Up Chile team will stream an event on their Facebook page which will explain the application process. In the blog post last week Start-Up Chile executive director Sebastian Diaz...

  • Could mysterious Durban man be the investor behind SA startup Zapper?

    Is a media shy Durban-born entrepreneur the angel investor behind South African tech startup Zapper? Mystery continues to surround who the investor behind the Durban-based startup is. After a brief investigation by Ventureburn no one close to the company, other than the co-ordinator of the supposed investor's scholarship fund, was willing to comment. In September last year when interviewed by Ventureburn, Zapper CEO David de Villiers refused to name who the angel investor was behind the company (see the story here). Then last month a Ventureburn reader pointed out in a comment to the initial story that following a five-minute search on Google, they were able to connect the...

  • DEMO Africa innovation tour: Meet the Cairo and Tunis winners

    DEMO Africa has announced the two startups selected from Egypt and Tunisia to pitch at its launchpad in Morocco this October at DEMO Africa 2018 following pitch events held earlier this month in Cairo and Tunis. In Egypt, healthtech startup Cheefa out-pitched 10 other companies, including Niotek, TriggerIt, MedMiser and 7aweshny to win the Cairo pitch event which was held last week on 11 July. Cheefa's app helps patients order and pay for medicine online. In a statement yesterday (19 July), the startup's founder and CEO Doaa Aref (pictured above) pointed out that the startup also has a corporate social responsibility (CSR) platform that assists the less fortunate...

  • Quesnay in global call for applications to Female Founders in Tech competition

    US-based innovation consulting firm Quesnay has opened applications for its second Female Founders in Tech competition and is calling on women-led startups from around the world to apply. The competition is aimed at startups with tested insurance products and entries are set to close on 30 July. Tech solutions applicable in the  The top three finalists are set to receive cash prizes of $35 000, $25 000 and $15 000 for the first, second and third place respectively. In addition, the top five selected finalists -- set to be announced on 28 August --  will get to present their solutions to an audience of judges at a final...

  • Knife Capital launches fourth edition of Grindstone Accelerator programme

    Cape Town based venture capital firm Knife Capital has launched the fourth edition of its Grindstone Accelerator programme in partnership with Johannesburg-based management consultancy Thinkroom. Applications for the year-long programme – which aims to assist high-growth South Africa tech startups to become more “investable, sustainable and exit ready” – close 31 August. The programme’s selection process kicks off next month with an interactive Exit Readiness Workshop aimed at providing tangible information to 50 small businesses and unpacking some of Knife Capital’s exit case studies. Only 10 companies will be selected to join the year-long Grindstone Accelerator programme Thereafter, twenty companies will then be shortlisted for Grindstone’s...