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Startup news

  • Project Iziswe partners with Western Cape to bring free Wi-Fi to 90k people

    The free Wi-Fi for the masses initiative, Project Iziswe has recently partnered with the Western Cape Government's Department of Economic Development and Tourism to open up hot spots in specific public spaces in the Western Cape province. Headquartered about 50km from the Cape Town, the project initially started in Stellenbosch and has since started rolling out its services in the City of Tshwane in November last year. The Western Cape government has partnered with "top non-profit organisations" to replicate the model that works best across the whole province. Apart from Project Iziswe, other NPO's include Digital Village and House of Compassion....

  • Timetoreply helps track and increase customer response time online

    Based in Cape Town, South Africa timetoreply helps sites measure how quickly they respond to customer enquiries which then helps them improve their response time. The startup has announced that the popular entrepreneur Chris Staines who's been voted among the world’s top seven entrepreneurs in 2000 by Business Week Magazine has recently invested in the company. Dane Spear started to develop timetoreply in 2012. The algorithmic software could be used by website owners to measure how fast sales agents were responding to web-generated leads or unqualified sales opportunities, and track improved contact rates over time. Put simply, it's a...

  • InVenture raises $1.2-million to help serve emerging markets’ underbanked

    InVenture is a credit score for anyone with a mobile phone. In order to expand its phone-based personal finance software, InSight, which generates financial identities and credit scores for the underbanked in South Asia and Africa, the startup has recently raised US$1.2-million. According to the startup, there are an estimated 4.5-billion people without formal credit scores in the world. In order to help this underbanked market, InVenture is aiming to meet the demand of the majority of people based in South Africa, Kenya and India by implementing its innovative personal financial aid technology. This is done by implementing the company's InSight...

  • Nigerian mobile security startup secures up to $10m in funding round

    Nigerian financial security app, i.Sec, has closed a US$10-million funding round with local private equity firm Synergy Capital, according to the company website. "...Synergy Capital, a Lagos, Nigeria financial advisory firm, and i.Sec are pleased to announce that they have entered into an Investment Agreement of up to US$10 million." The startup has been operating in stealth mode for a while now, but is ready for its public launch in May. The actual terms of the deal is quite hush-hush and we have reached out to both parties for comment. The company refers to itself as a "business and socioeconomic solutions Development...

  • 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...