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  • Ventureburn wants to know about your tech startup

    Ventureburn is dedicated to featuring and writing news about startups in emerging markets. In fact, it's our passion to inform our readers about new startups, entrepreneurs doing great things, entrepreneurs not doing such great things, and events. Even with all of our networks and contacts, sometimes there are startups that fall through the cracks. In this case, we'd love to know about them. If you think your startup (or someone else's) has some interesting news then please let us know. The company needs to be tech-based, or using technology in an interesting way, and be situated in an emerging market (such as...

  • Company Office

    Callpay, MyGate announce telephonic payments collaboration

    MyGate, one of Africa’s largest and fastest growing gateways, and Callpay, an innovative provider of secure payment solutions have collaborated to provide a payment solution that offers secure, telephonic payments in South Africa. Through this exciting collaboration, companies that require contact centre agents to accept card can now process these transactions through MyGate to the bank. Card payments are processed in a PCI compliant manner through their contact centre agents without the agent hearing or seeing any sensitive card data. At the point of payment, the agent simply delivers a virtual terminal directly to the customer’s mobile device. It can...

  • Call for nominations: Digital All Stars’ top green startups

    There are an incredible amount of startups in SA who are tackling natural resources, harnessing power, or even changing the way cars work. For Ventureburn's next Digital All Stars piece, we will be focusing on the top green startups in South Africa. We are looking for candidates who are using tech, or who are are tech-focused, with green startups. These can range from solar solutions to redefining how car emissions work. Now is your chance to submit whoever you think would fit the criteria. In order to do so, please email editor@memeburn.com with the subject "Digital All Stars green startup nomination". The email...

  • I launched 5 startups in 2016. Here’s why, how, and what I learned

    This year I launched five startups from nowhere. Here, I’ll tell you how it happened; how I ended up venture building before I knew what a venture builder was, how I manage to get through two lawsuits in the space of six months, and how I raised US$7 million without telling investors what they were investing in. How I began Towards the end of 2014, the Malaysian property market was looking as dead as a dodo, (not good for my property development company), so I started looking for something to keep myself busy. My last tech venture had been back in 2010...

  • 10 defining moments that shaped the 2016 SA startup ecosystem

    2016 was the year where fake news was real and real news was fake. We endured motions of no confidence, the Saxonwold Shebeen, inverted Springbok rugby records, sticky Board members, rogue units, rogue presidents, Trump cards, prophets of doom, doomed profits and a cold and broken Hallelujah! But you gotta have faith… Through it all South African entrepreneurs held their heads up high, focused on execution and kept grinding out growth strategies. While access to risk capital is always a scarcity, local startup investors continued to back these entrepreneurs. With our politicians constantly negotiating with themselves, someone had to...

  • 5 traits that define entrepreneurial success

    Being your own boss can be an exciting prospect. But do you have what it takes to be a successful entrepreneur? Although there is no "one size fits all" theory for entrepreneurial success, there are certain characteristics that are essential in becoming a successful entrepreneur. All successful business magnets, from Enzo Anselmo Ferrari to William Henry 'Bill' Gates, share some common traits with one another. Here are five key characteristics that you must possess - or develop - to realise your entrepreneurship dream successfully. 1. Resilience & Adaptability The entrepreneurial journey is expected to dish out one challenge after another - not...

  • OPIC to finance Unreasonable Capital with US$5-million

    The US government's Overseas Private Investment Corporation (OPIC) has announced their  support of Unreasonable Capital, to the tune of US$5-million. Unreasonable is a venture capital firm which invests in emerging startups across Africa, Asia and Latin America. Their main focus is assisting startups which address social and environmental issues while still showing promise of being profitable and scaleable. OPIC's president and CEO, Elizabeth Littlefield commented on the investment in a press release. "OPIC is delighted to support Unreasonable Capital as the fund invests across several regions and in a variety of sectors, from energy access to financial technology, that will have a positive development...

  • Coworkite: a co-working space for beach bums

    Co-working space, Coworkite has launched in Blouberg, Cape Town. Situated along one of the most popular kitesurfing beaches, their name, location and marketing emphasises the sport's lifestyle. Entrepreneurs can enjoy a workspace on two floors as well as fibre internet, being available for every member. Space at Coworkite also comes with free parking, meeting rooms, and access to expert mentors and investors. The working space offers flexible packages ranging from R850 per month for five days of access, with discounts given to teams, long-term members and early stage startups. The working space also offers entrepreneurs a space for a daily fee of R180 to...

  • Start Here: a book for entrepreneurs by Roger Norton [Part 2]

    In part one of our coverage of the entrepreneurial book, Start Here: A Quick Guide to Building Startups, we spoke to author Roger Norton about his work. Norton was also kind enough to allow us to publish an extract from the book as well. As mentioned in the previous piece, it's not often that entrepreneurs write books based on their experiences. Norton has done just that with Start Here, which lists the steps that entrepreneurs need to follow in order to take their idea to a business. Over the years, Norton has founded two startups, worked with 10 others, and has been involved...

  • Flat6Labs acceleration programme now open in Egypt

    Early-stage investment company, Flat6Labs has announced their participation of the International Finance Corporation (IFC). The IFC and Flat6Labs will now form part of the World Bank's Startup Catalyst initiative and Social Fund for Development (SFD). Cairo-based Flat6Labs will be receiving US$2-million in equity financing from the IFC. Over the next five years, the acceleration programme will then be investing in 100 Egyptian tech startups while supporting over 300 entrepreneurs. The programme, which consists of a four-month accelerator programme, will also provide seed-funding. Flat6Labs will also be providing mentorship, networking opportunities as well as help startups become investment-ready. "We’re very excited to have received the support of IFC,...

  • Africa shines at Endeavor International Selection Panel

    Startup accelerator giant, Endeavor has selected 37 entrepreneurs to form part of their extensive group of Endeavor Entrepreneurs. The entrepreneurs represent 20 companies across 13 countries. They will now form part of the 1403 entrepreneurs who collectively represent 875 companies across 25 markets around the globe. During the selection process held in Palo Alto, panellists from around the world got to interview the participating entrepreneurs about their businesses. This gave the panellists a chance to evaluate them, choosing the entrepreneurs with the most potential for high-impact growth. One of the key deciding factors was the commitment to advancing their respective ecosystems. Once the Endeavor Entrepreneurs were selected, they...