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  • Should African startups looking to go global consider registering in the US? 

    An increasing number of African startups are incorporating their companies in the US -- to make it easier to scale globally, and in some instances to raise funding from international investors. One such startup is Ghanaian company Syncommerce. Founded in 2014 by CEO Christian Osei-Bonsu, Joel Funu, and Albert Fiati-Kumasenu, the startup's centralised dashboard allows online merchants to sell, track and manage inventory across multiple sales channels, simultaneously. From day one the company has drawn the bulk of its clients from the US. Currently the figure stands at 70% of its merchants. Syncommerce has been able to access markets in Canada, UK and the rest...

  • 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:...

  • Awief, Nedbank open applications for women’s Growth Accelerator Programme

    The Africa Women Innovation and Entrepreneurship Forum (Awief) is looking for 25 innovative early stage South African women entrepreneurs to take part in its Growth Accelerator Programme. Applications for the Nedbank sponsored programme, which will cater for a variety of sectors , will close at the end of this month (31 August). Training starts on 17 September and will be held in Cape Town and Johannesburg. The free six-week long programme is designed to support participants with the business modelling and growth strategy required to scale their enterprises, become investment ready and develop entrepreneurial leadership. Awief and Nedbank's Growth Accelerator Programme will give...

  • Eazi.com co-founder plans to relocate to US following Pam Golding deal [Updated]

    Cape Town entrepreneur Shaun Minnie won't say how much he sold his property marketplace Eazi.com to Pam Golding for, but has revealed that he will relocate to the US. Minnie (pictured above) told Ventureburn from the US in an email today that his move was for business reasons -- to take advantage of what he called "really interesting things" happening in US real estate. "I think they are on the cusp of a wave of change, so I just wanted to get here and see who I could have conversations with, and if I get to connect the dots, and have some luck, hopefully...

  • Nigerian online cake marketplace eyes expansion into Ghana, Kenya and SA

    After having completed expansion into 23 of Nigeria's 36 states earlier this week, WaraCake founder and CEO Ayilara Olatunde says he is now eyeing markets in Ghana, Kenya, and South Africa. The online cake marketplace, which has been operating since 2014, counts Farmcrowdy CEO Onyeka Akumah, Passion Incubator and the Tony Elumelu Foundation among its investors. Olatunde said since he launched the startup he has raised "just a little over $15 000". He however declined to reveal how much revenue the Lagos-based startup, which currently employs five full-time and 50 part-time employees, generates. You can achieve a lot with minimal capital - WaraCake CEO Ayilara Olatunde "We are...

  • When you’re a mom running a growing tech startup it’s all about multitasking

    For tech entrepreneur Chantalle ten Napel Wilson being a mom and a business owner comes down to one thing -- a lot of multitasking. Wilson, the founder of online vehicle retailing platform Virtual Drive and a mother of two, recalls how she has often had to conclude business meetings inside her car with a client seated next to her, while rushing to pick up her children from school. But she says most of her clients who find themselves in her car finishing a meeting react only positively. “Most people have said that it’s incredible that you do this,” she says. Says Wilson: “As an investor once told...

  • Winners of 2018 Resolution Social Venture Challenge announced

    Fifteen teams comprising 32 African social entrepreneurs have been selected as winners of the 2018 Resolution Social Venture Challenge. The challenge is an initiative of the Mastercard Foundation and The Resolution Project, a non-profit organisation which aims to foster youth leadership development through collaborative social entrepreneurship. A total of 30 teams of Mastercard Foundation Scholars gathered in Kigali, Rwanda to compete in the challenge, for a fellowship that includes seed funding, mentorship, and access to a network of innovators seeking global change through high impact community projects. The Resolution Social Venture Challenge winners will receive seed funding and mentorship to lead impactful projects in...

  • A whopping $25 000 up for grabs at Startup Battlefield Africa 2018

    US tech publication TechCrunch will award the founders of the winning startup at this year's Startup Battlefield Africa with $25 000 in equity-free prize money. Applications (click to apply) for the second edition of the startup competition, which will be held in Lagos, Nigeria on 11 December, are set to close on 3 September. A total of 15 startups will be shortlisted for the finals. The 15 will receive training on pitching before they duke it out in front of investors and a live audience at the Startup Battlefield event. Startup Battlefield Africa judges are looking for startups that are most likely to produce an exit...

  • It’s confirmed – SA’s first female focused angel fund to launch this year

    In what may be a first for South Africa, the country is set to get its first angel fund focused entirely on women-owned businesses. Alexandra Fraser, one of the organisation's founding members, confirmed that Johannesburg-based Dazzle Angels will start operating later this year. The organisation's founding team is comprised of an all-women team that includes Fraser, who is the founder of Fraser Consulting, JAG Method co-founder Adi Zuk, JAG Group COO Lee Zuk, and Charlotte Luzuka. In a brief phone call earlier today Fraser told Ventureburn that the fund -- which is yet to open applications for investment -- is still in the "early stages" of setting up. She explained that...

  • TIA calls on innovators to submit funding proposals for waste, water solutions

    The Technology Innovation Agency (TIA) is calling on startups and innovators to submit proposals that tackle ewaste and waste beneficiation, as well as Acid Mine Drainage, water purification, water saving and repairing water leakages. The deadline for proposals to be submitted and considered for funding is by the end of September. Funding of R650 000 and above will be considered for successful applicants. Compulsory briefing sessions will be conducted across the country later this month to facilitate and assist applicants to understand the TIA application requirements (see below for dates). To qualify for funding applicants must have developed a proof of concept (an idea that has been...

  • Here are the finalists of the second edition of the Ecobank Fintech Challenge

    Pan-African banking conglomerate Ecobank has announced the 11 finalists of the second edition of the Ecobank Fintech Challenge. In a statement last week, Ecobank Group executive for operations and technology Eddy Ogbogu said the bank was "delighted" by the quality of the challenge finalists and had high hopes they will capitalise on the mentoring and support of the group. The 11 finalists are: Lypa (Kenya), Wallet.Ng (Nigeria), Nala (Tanzania), Litee (Benin), SESO Global (South Africa), InvestED (Sierra Leone), Secapay (Nigeria), Virtual Identity (developed by e4 from South Africa), MojiPay (Togo), Eversend(France), and Awamo (Germany). The 11 finalists will exhibit and pitch at an Innovation Fair and award's ceremony set to be held...