• BURN MEDIA
    • Memeburn
      Tech-savvy insight and analysis
    • Gearburn
      Incisive reviews for the gadget obsessed
    • Motorburn
      Because cars are gadgets
    • Jobsburn
      Digital industry jobs for the anti 9 to 5!
  • SA startup get\Worth to disrupt online car market

    A Cape Town startup is looking to change the way customers buy and sell cars on the internet, by using machine learning and what it says is a unique payment model. The startup launched its platform last month after trading for six months to gain proof of concept. Get\Worth co-founder Mark Ridgway – a former CEO of TransUnion Receivables – says the company was able to conclude about R20-million in deals through the platform in March. The startup's model is different from other online car dealers such as CarZAR.co.za and WeBuyCars.co.za. "We think this is almost first world. We’ve researched it. No one...

  • Company Office

    Barclays accelerator announces latest participants in African programme

    Barclays Africa Group and Techstars today released the names of 10 financial-technology (fintech) companies selected to participate in the second Barclays Accelerator programme, powered by Techstars. The successful companies, all focused on providing fintech solutions in Africa, will participate in a 13-week growth acceleration programme at Barclays Africa’s Rise fintech innovation hub in Cape Town from mid-May. The 2017 programme participants are: Flexpay (Kenya), Howler (South Africa), Spatialedge (South Africa), Abe.ai (USA), The Sun Exchange (South Africa), Byte Money (South Africa), Avenews-GT (Israel), FOMO Travel (South Africa), Kapitalwise (USA) and eCOIDA (South Africa). Yasaman Hadjibashi, chief creation officer at Barclays Africa Group, said:...

  • Nestlé SA to bring more business to entrepreneurs

    Nutrition company Nestlé SA and the Department of Small Business Development have signed a memorandum of understanding (MOU) that'll see the creation of more than 600 jobs. The MOU serves as Nestlé SA's commitment to sourcing and developing micro-distributors who are primarily located in rural SA and townships. The partnership between Nestlé SA and the Department of Small Business Development will see a recruitment of 200 microdistributors from 2017 to 2020. The distributors would then be required to recruit at least three permanent staff, this, in turn, will create over 600 jobs. The signing of the MOU took place at the annual Proudly South African Summit...

  • Customer Onboarding Global Innovation Challenge seeks fintech startups

    The Customer Onboarding Global Innovation Challenge aims to disrupt customer onboarding and management through collaboration with fintech firms around the world and is presented by financial network platform Matchi along with ATB Financial and KPMG Canada. "ATB believes in reimagining banking and we’re always on the lookout for transformative new experiences to offer our customers," said ATB's MD James Gamage in a press release. "That’s why we’re excited to partner with KPMG and Matchi, to expand our reach into the global fintech community and discover novel new propositions to make banking work for people," he added. Entries for the challenge opened on 29...

  • Close to fifth of Joburg, Cape Town startup founders are immigrants

    Almost one in five startup founders in Cape Town and Johannesburg are immigrants, reveals a new report. The 2017 Global Startup Ecosystem report, released by StartUp Genome last month, reveals that 18% of founders in Cape Town and 17% in Johannesburg are immigrants – slightly under the average of 19% for the 56 cities measured by the report. In comparison, just four percent of founders in Lagos, Nigeria are immigrants -- significantly below the 46% that are immigrant founders in Silicon Valley. Of the emerging market cities measured, Shanghai tops the list with 36% of startups founded by foreigners. Other notable cities...

  • Afri-Fi takes second place at Mozilla-backed Innovation Challenge

    SA's Afri-Fi has been announced as the runner-up in the Mozilla Equal Rating Innovation Challenge and walks away with USD$75 000 in funding. Afri-Fi is the extension of Project Isizwe which has granted 2.9 million users access to 500MB of free WiFi daily. "The team has proven how their solution for a free internet is supporting thriving communities in South Africa," said one of the jury members, Marlon Parker, the Founder of Reconstructed Living Labs, on behalf of the jury in a press release. "Their approach towards community building, partnerships, developing local community entrepreneurs and inclusivity, with a goal of connecting some...

  • Geeks on a Plane dinner details SA startup ecosystem

    The Geeks on a Plane (GOAP) dinner hosted by Wesgro and Silicon Cape provided many insights into the investment landscape in SA and Africa. The dinner also consisted of a panel discussion with Zoona's CFO, Keith Davis and investors Monica Brand Engel of Quona Capital and co-founder and CEO of Rippleworks, Dough Galen. Speaking at the dinner, was co-founder of Silicon Cape and 4Di Capital, Justin Stanford who spoke on his experience in Silicon Valley and his reason for starting Silicon Cape. He explained to the GOAP cohort and other attendees that his main takeaway from his time in the Valley was...

  • Lidya closes US$1.25-million in Seed Funding

    Fintech platform Lidya has closed a seed funding round of USD$1.25-million, being led by Accion Venture Lab, the company announced. Newid Capital were among several other investors also responsible for contributing to the funding round. The seed stage investment is an Accion initiative which invests capital in innovative fintech startups that either reduce the cost of financial services or improves the quality of financial services for the underserved. "This round of funding and backing from our world-class group of investors is a strong validation of the potential of fintech in Africa and will position the company to be the go-to source of financing for entrepreneurs looking...

  • SA procurement rule change will be a boost for startups

    Startups that do work for the government are in for a major boon with a new procurement rules coming into effect this week that will see 30% of state procurement directed to small enterprises, says Silicon Cape director Alexandra Fraser. Fraser says the revised Preferential Procurement Regulations, which were gazetted in January and came into effect on 1 April, would provide a "stepping stone" for small firms and startups that wish to do work for government. They make provision for government departments, municipalities and state agencies to ensure that those bidding for contracts of R30-million or to subcontract at least 30% of the value...

  • 6 effective ways to fund your startup

    Whether you’re launching the next big thing in fintech or a rival to Uber, your startup is going to require some cash injection. It’s not always easy securing funding for your company, no matter how great the idea. Thankfully, there are quite a few avenues to explore. Entrepreneurs should be thinking of how to fund their venture from the get-go. This allows them to not only have realistic expectations of what is needed but gauge interest in the product as well. Besides bootstrapping, which isn’t always feasible, especially in South Africa, there are quite a few avenues when it comes to...

  • Hepstar heads to Silicon Valley Plug and Play accelerator

    Cape Town based travel technology startup, Hepstar has been selected to participate in Silicon Valley's Plug and Play accelerator hosted by the Plug and Play Tech Center. The accelerator, which connects various startups to suitable investors as well as invests in over 100 companies every year, made the announcement last month. The company's portfolio includes major companies such as PayPal, Dropbox and Skytree. Hepstar was among the top 20 participants handpicked for the accelerator from more than 1000 global applicants. The company places a strong emphasis on data analytics, e-merchandising, machine-learning and personalisation. "We are really excited about this opportunity. With partners like Turkish Airlines, Carlson Wagolit,...