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Startups

  • Nigeria’s young squad could learn a thing or two from agritech startup Farmcrowdy

    After Nigeria's poor showing in their first Group D match with Croatia, The Super Eagles can ill-afford to lose this afternoon's game with Iceland. The country has the youngest squad at the tournament, but that shouldn't stop them from doing well. In fact, the football team should take a leaf out of Farmcrowdy's book. Despite being only two-years old, the Lagos-based agritech startup is already racking in funding, accolades and awards from not only Nigeria, but around the world. The startup was founded in 2016 by CEO Onyeka Akumah, CFO Akindele Phillips, COO Tope Omotolani, CTO Jimoh Maiyegun, and vice president for products and data Ifeanyi...

  • Seven SA insurtech startups to watch [Digital All Stars]

    Digital All Stars is a series of articles which aims to celebrate the best of South African digital. The articles, which will appear on Memeburn and Ventureburn, recognise and celebrate South Africa’s best digital entrepreneurs, business people, advertisers, and media professionals among others. Insurtech. Say the word and investors are already losing their grip on their wallets. In the last two years investors have put millions of rands into startups that are promising to disrupt the way traditional insurance models work -- using artificial intelligence (AI) and technology to deliver insurance more affordably and quicker to clients. Last month Dominique Collett, head of AlphaCode, a club for fintech...

  • Morocco will need to be innovative like startup Hooplacar to shock Portugal

    Morocco take on Portugal this afternoon at 2pm (Central African Time). After Portugal's spectacular match with Spain, which saw Cristiano Ronaldo pull off a hat-trick, the Atlas Lions will have to be a little innovative to shock the Portuguese. Good thing that the Moroccans are an innovative bunch, take Moroccan startup Hooplacar and its approach to advertising for example. The startup was founded last year by CEO Salmane Berraoui (pictured above, right), managing partner Jounaid Anasse and Mehdi Benayad (pictured above, left). Hooplacar is only a year-old and already has 6500 drivers on its platform The trio manage a fleet of 6500 cars carrying...

  • Can Egypt help Africa save face? This savings platform could show them how

    After last week's agonising 1-o loss to Uruguay, Egypt will tonight, at 8pm Central African Time, take on hosts Russia amid speculation on the fitness of top scorer Mohamed Salah. Will Salah, the Egyptian King, be able to deliver like he promised? And more importantly, can the Pharaohs win their first match at the World Cup tonight, and possibly help Africa save face? Maybe the team should look to Egyptian startup Money Fellows for inspiration -- the company knows all there is to know about saving. Money Fellows is reported to have raised up to $800 000 in funding since launch CEO Ahmed Wadi (pictured above) founded collaborative...

  • Will the Teranga Lions roar and dominate like Senegalese startup CoinAfrique?

    Senegal take on Poland today at 5pm (Central African Time) in their second appearance at a World Cup. In order to make it past the other teams in Group H, Senegal will have to dominate its competitors, much like Senegalese classifieds platform CoinAfrique has. The startup -- which was founded in 2014 by Matthias Papet and Eric Genêtre -- is one of the first mobile marketplaces for French-speaking Africans. With operations in 17 countries across Francophone Africa, and a claimed 657 000 downloads of its app (since the app was launched in 2015) Papet and Genêtre are scaling the platform as fast as Senegal's lightning-quick...

  • Can Tunisia haul a win? Meet the logistics marketplace that could inspire them

    After three defeats in a row for African startups the pressure will be on Tunisia to bring some cheer to the continent. After all, Tunisia back in 1978 became the first African team to win at a World Cup. Going into the match (which kicks off at 8pm Central African Time today) the Eagles of Carthage seem like the underdogs and will have to push very hard to get a win. If only they could call on logistics marketplace Optimalogistic draw in the heavy hitters. Optimalogistic is a two-year old marketplace for freight trucks and construction equipment Mohamed Ben Slima (featured above, second from left)...

  • As the Atlas Lions march into battle, learn how MedTrucks is disrupting healthcare

    Morocco kicks off their 2018 World Cup campaign today at 5pm (Central African Time) when they take on Iran. The Atlas Lions currently on an 18-game unbeaten run and have been wandering the World Cup desert since France 98. Deserts -- that's something MedTrucks founders Jamir Derrouiche (pictured above, right) and Anass El Hilal (pictured above, left) don't shy away from when it comes to providing medical care to patients in remote areas. In 2015 the duo founded MedTrucks, a startup that wants to ensure that patients are never more than 20 minutes away from medical care through its mobile health services. Morocco's MedTrucks goal is...

  • Ahead of the Pharoahs’ Group A match, meet Egyptian healthtech Vezeeta

    This afternoon at 2pm, Egypt kicks off Africa's campaign at the 2018 Fifa World Cup with its Group A match against Uruguay. With Mo Salah having been cleared to play, after sustaining a shoulder injury last month, all eyes will be on the forward come kick off. If you are in Egypt or in the Middle East and North Africa (MENA) region chances are you will turn to Egyptian healthtech startup Vezeeta, should you have the misfortune of incurring a similar injury or just in need of a doctor. Founded in 2012 by CEO Amir Barsoum (pictured above) and Ahmed Badr, the startup is...

  • Here’s what you need to know about Nigeria’s tech startup ecosystem

    Are you a venture capitalist or an angel investor looking to invest in a company? Are you an entrepreneur looking for capital or other opportunities? Are you an aspiring startup owner looking for assistance? Well, you have come to the right place. Ventureburn presents the 2018 guide to Nigeria’s startup scene. Nigeria is arguably the most important tech startup ecosystem on the continent right now. This year alone, two of the world's biggest tech companies, Google and Facebook, opened their own hubs and launched accelerator programmes in country. Judging by the number and size of equity investment deals that have come out of...

  • Seven steps to hack your scale-up company’s funding, investment readiness

    The number one question we get asked by founders is: “How do we raise funding or investment for our business?” Every successful business reaches a stage where it has to choose its growth path. Either you grow organically, using operational capital as and when it’s available. Or you use growth capital in order to scale up faster. If you are considering the fundraising route, there are a number of things you need to nail in order to be funding ready. 1. Build a great business The best way to raise money from investors is to build a business that is so good that investors...