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  • Zim crypto exchange Golix launches and activates country’s first Bitcoin ATM

    Zimbabwean cryptocurrencies exchange Golix has launched and activated the country's first ever Bitcoin ATM which will allow customers to buy and sell Bitcoin. Golix announced the launch last week in a blog post on its website. The Bitcoin ATM will be located in the exchange's offices in Harare. In a recent email to Ventureburn, Golix communications director Nhlalwenhle Ngwenya said over 10 000 customers who are faced with a "slow and cumbersome" banking process for settling international payments had over the past six months "religiously" used the cryptocurrency exchange. Customers using Golix's Bitcoin ATM will be limited to a $5000 transaction limit Ngwenya, who...

  • Company Office

    Callpay to launch first of its kind payment product called Pay Request

    Callpay, a leading payment solutions provider, today announced that it will launch its new patent pending product called "Pay Request." Callpay developed Pay Request with security in mind, allowing a merchant to send a payment application to any mobile device. What makes this patent pending technology so unique is that a payment can be made in real time without the need of an app or mobile data. At the point of payment, Pay Request allows a merchant to send a secure terminal to the customer’s mobile device, turning their mobile phone into a virtual card terminal. The customer simply enters their...

  • African agritech startup AgroCenta named 2018 Seedstars Global winner

    Ghanaian startup AgroCenta has been crowned 2018 Seedstars Global Winner at an awards ceremony in Lausanne, Switzerland today, and walks away with $500 000 in equity investment. African startups dominated the awards ceremony -- which took place at the SwissTech Convention Centre at the conclusion of the fifth annual Seedstars World Summit today (12 April). Four of the five main awards were scooped by African startups. AgroCenta is an online sales platform started in 2015 by Francis Obirikorang and Michael Ocansey. It connects smallholder farmers directly to an online market which has wider geographic size, to sell their commodities. Read more: Ghanaian agritech startup AgroCenta eyes expansion with Nigeria...

  • CiTi to train 3000 IT professionals after securing R250m from BCX, Jobs Fund

    The Cape Innovation and Technology Initiative (CiTi) today said it plans to train 3000 developers in the next three years through its CapaCiTi technology skills and job readiness programme. This, after CiTi received funding from Telkom-owned company BCX and the National Treasury 's Jobs Fund -- which together have each injected R100-million and R75-million into the programme, respectively. The R175-million will be matched by other South African corporates that have partnered with CiTi in the past. The organisation has also called on other companies to partner with it on the initiative. In a phone call with Ventureburn today (12 April), CiTi senior ecosystem manager Claire Jowell said...

  • Vula Mobile’s new revenue model, plans to raise $500 000, help 100k patients

    Medical referral startup Vula Mobile is working on the development of a new partnership-based commercial revenue model, with plans to raise $500 000 and assist a minimum of 100 000 patients this year, says the startup's founder Dr William Mapham. Mapham (pictured above), who is currently in Switzerland attending the Geneva Health Forum which ends today, told Ventureburn of the startup's plans in an email yesterday (11 April). Vula enables health workers – particularly in remote areas – to get patients quick and specialist referrals in opthalmology, cardiology and orthopedics. Vula Mobile currently has 897 specialists on its platform "We developed a commercial partnership model and are actively...

  • Here are the 12 finalists who will pitch for 2018 Seedstars World prize, up to $1m

    Cape Town healthtech startup EM Guidance is among 12 startups that has been selected by a panel to compete later today for the title of 2018 Seedstars Global Winner, and up to $1-million in equity investment. CEO Yaseen Khan was the last of the names to be called out for the 12 yesterday late afternoon at the SwissTech Convention Centre in Lausanne, Switzerland where the fifth annual Seedstars World Summit is taking place today (12 April). Ventureburn is in attendance. The 12 were shortlisted out a list of 65 startups who were invited to attend the summit and which Seedstars had arrived at after spending a year...

  • For second year Cape Town ranked top tech ecosystem by Seedstars Index

    Cape Town has again been ranked as the top tech entrepreneurial ecosystem for startups among 71 emerging markets cities by the Seedstars Index (SSI). The results of the global emerging markets competition Seedstars’s 2017 index were released today in a publication made available ahead of its annual Seedstars World summit which takes place tomorrow (12 April) in Lausanne, Switzerland. With a measure of 74.4 (with Silicon Valley at a base of 100) Cape Town is ranked ahead of Santiago, Chile (69.6) in second, Nairobi (68.4) in third and Mexico City (68.1) in fourth. Johannesburg ranks eighth and Lagos 21st. While Cape Town...

  • University-linked incubator Roar Nigeria to invest in 10 startups in 2018

    Business incubator Roar Nigeria plans to this year invest in 10 startups, with the first of those investments to come in the next three months, its director Charles Emembolu said yesterday. "We expect (the) next investments within 90 days," Emembolu said in an email to Ventueburn yesterday (10 April) without disclosing how much the incubator, which is based in Enugu, Nigeria, planned to invest. He said that the incubator has yet to make investments in any of the 13 startups it has so far supported and funded, but that the plan is to take 10% equity in those companies that the incubator's team decides to invest in. Roar...

  • Fintech accelerator DFS Lab to invest $200k in four African startups

    US-based fintech accelerator Digital Financial Services Lab (DFS Lab) yesterday (11 April) announced that it will invest $200 000 in four African fintech startups, including Nobuntu, Cherehani Africa and NALA. In addition to the $50 000 investment per startup, the selected companies will also receive six months intensive mentorship and integration into a global network of experts who will be working with the four startups. The accelerator, which is funded by the Bill and Melinda Gates Foundation, made the announcement in a press release to Ventureburn. The four investments bring the total DFS LAb portfolio to 12 startups. In addition to the...

  • Healthtech startup Vula Mobile raises R1m after partnering with HAVAÍC

    Medical referral startup Vula Mobile has raised R1-million in a seed round after partnering with Cape Town-based investment and advisory firm HAVAÍC. Vula, which was founded in 2014 by Dr William Mapham, enables health workers -- particularly those in undeserved remote rural areas -- to get patients quick and specialist referrals in opthalmology, cardiology and orthopedics. The R1-million seed round with HAVAÍC -- which was conducted over three weeks -- was concluded in January and saw Vula's partners, users, stakeholders as well as HAVAÍC partners each invest a minimum of R5000 each. Vula enables health workers - particularly in remote areas - to get...

  • Krypteum ICO for ‘world’s first AI investment cryptocurrency’ nets just $1m

    SA startup Krypteum has raised $1-million in an initial coin offering (ICO) which ended last month and that aims to develop what it claims is the world’s first artificial intelligence (AI) powered investment cryptocurrency. However, the amount is far less than the $4-million Krypteum hoped to raise, its founder Priven Reddy said today. The month-long ICO for Durban-based Krypteum ended on 31 March and the startup made available 400 000 tokens -- which in its white paper is valued at $112 each. Reddy, who is also the CEO of SA mobile app development group Kagiso Interactive which owns Krypteum, told Ventureburn today in a call from Paris that...