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Startup news

  • 18 African startups to pitch at the Seedstars Global Summit

    Out of the hundreds of African startups that pitched for their spot at the Seedstars Global Summit, only 18 have made the cut. Partnering with VC4A to attract and monitor eligible startups across Africa, the 18 winners go on to pitch in front of an international crowd at the summit in April this year. "We couldn’t be more excited for these entrepreneurs and want this event to play a part in accelerating a pan-African innovation ecosystem and entrepreneurship community," Seedstars World stated in a press release. 18 African startups were selected to pitch at the Seedstars Global Summit The 18 startups, along with others...

  • Applications open for Global Entrepreneurship Network digital pitch competition

    The Global Entrepreneurship Network (GEN) has invited African entrepreneurs to enter their digital pitching competition. Those selected will be given an opportunity to pitch before potential investors and other entrepreneurs. Entrepreneurs are encouraged to submit a three-minute video on the GEN SA Facebook page which shows off their innovative product or service. Their idea can either be in the operational phase or the prototype stage. Entries for the competition are currently open and will close on 5 February 2017. The submitted pitching videos will be open to a public vote before the final selection of entrepreneurs is made. Once the final five are...

  • Gutsy Green: SA startup to make cooking easy

    Having to decide what you're having for supper after a long day at work is an absolute pain. With the majority of people not being professional chefs, going through the hassle of choosing a nice restaurant and then gawking at the bill afterwards is an expensive endeavour. While the South African startup tech scene sees numerous fintech, edtech, and agritech companies launching each year, it's not often we see companies based around food. Popping up this month, Gutsy Green is a startup that's aiming to help SA families and couples cook pre-planned restaurant-style food. Ventureburn had a chance to speak to one...

  • SA contestants chosen for semifinals of Mozilla Equal Rating Innovation Challenge

    Two South Africans, Tim Human and Dr Carlos Rey-Moreno, have been chosen to represent the nation at the Mozilla Equal Rating Innovation Challenge semifinal. Founder of RLabs, Marlon Parker, commented on the emerging trends across the semifinalists as well as his role as a judge. "Not giving people access to information creates a socio-economic divide, not just a digital divide. Every person on the planet needs to have hope, which is what the internet is for," said Parker in a press release to Ventureburn."It gives you information, it gives you a choice, it gives you an option. This is why I wanted to...

  • Former CIO of Barclays Africa joins Jumo

    Former CIO of the Barclays Africa Seeker Fund, Warren Squires has joined fintech startup Jumo, the company announced. Squires was appointed as director of MTN Channel at the company on 9 January. "It’s a big win for Jumo. Balancing our technology capability with the experience of people like Warren is really powerful," says CEO and founder of Jumo, Andrew Watkins-Ball, in a press release to Ventureburn. "Jumo is changing the face of digital finance, has made significant inroads into making a material difference in mobile money and inclusive finance for emerging markets and is at the right stage to benefit from my skills...

  • Report: African tech startups receive funding boost in 2016

    The number of African tech startups receiving funding in 2016 has risen by almost 17% compared to the previous year, a new report found. The second annual Disrupt Africa Tech Startups Funding Report found that 146 African startups raised US$129.1-million in 2016. The report clarified that, while the number of startups receiving funding has increased, the actual amount of funding saw a decline. As for the most popular nations, South Africa, Kenya and Nigeria accounted for just over 80% of funding secured. Fourth-placed Egypt was a fast mover though, seeing 100% fundraising growth. The continent has seen a slew of fintech-related startups...

  • Meltwater Entrepreneurial School of Technology is calling all SA tech entrepreneurs

    The Meltwater Entrepreneurial School of Technology (MEST) is looking for SA techies and entrepreneurs to join their next group of trainees. The programme aims to provide its trainees with hands-on software development training, an opportunity to start and grow their own business with access to global markets, as well as mentoring from executives from global software companies and the opportunity to solve real-world business problems. Thanks to the Meltwater Foundation, the next cohort of MEST trainees will also be eligible to receive seed funding of US$50 000 up to US$100 000. In addition to SA, recruitments will also be taking place in Ghana, Kenya, Cote d'Ivoire...

  • Fintech company Entersekt shows phenomenal growth

    Over the past twelve months, fintech company Entersekt has handled over one billion transactions, with 60-million of those coming from South Africa. The company handles mobile solution and authentication solutions, with offices in Africa, Europe, and North America. "Our growth is testament to Entersekt's solid operational and technical expertise, and it also reflects a growing recognition worldwide of the immense benefits of digital banking and secure online channels," says CEO of Entersekt, Schalk Nolte, in a press release to Ventureburn. Read more: 3 key startup lessons from Entersekt’s Dewald Nolte "The financial services sector is recognising the importance of providing seamless and secure online security...

  • d.light raises US$10.5-million in funding

    Solar energy enterprise, d.light has raised a combined US$10.5-million in funding from Norfund (US$5-million in equity) and Beyond the Grid and the Shell foundation (US$5.5-million in grant funding). "Norfund invests in profitable and sustainable enterprises that contribute to economic growth and poverty alleviation. Access to energy is a key input for development, and we believe energy mix for the foreseeable future also will include off-grid solutions, in particular for rural households and businesses," said head of clean energy investments of Norfund, Mark Davis in a press release. "As the leading provider of off-grid solutions in emerging markets, d.light is a good...

  • WumDrop launches Deliver 2 Me, new address-free delivery option

    Startup courier service WumDrop, has launched a new offering, allowing parcel deliveries without the need for an address. The service, which the company calls Deliver 2 Me, uses the receiver's phone and its real-time location. It will also allow users to choose a time for the delivery to take place. "What makes this technology remarkable is its scalability. Deliver 2 Me isn't locked into a native mobile app like most geolocation services - it leverages the increasingly powerful suite of features found in mobile browsers to deliver an accurate delivery location to the driver, and a clean, easy to use interface to the...