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Top startup events in South Africa, Africa you should know about this week [25/06/2018]
As June draws to an end, here are a few startup events happening across the continent this week that we think you should think about attending. If you're in Johannesburg, Red Bull Basement will be holding its first hatch event in South Africa on Saturday (30 June). Over the course of a day, participants will be exposed to lectures, workshops from industry experts and networking opportunities. Also in Johannesburg is the fifth annual Green Youth Indaba which will take place between Thursday and Friday (28 and 29 June). Watch out for the Green Innovators Pitch which is likely to be the highlight of the...
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Two Kenyan startups make it into WEF’s 2018 Technology Pioneers Cohort
The World Economic Forum (WEF) has named two Kenyan fintech startups, BitPesa and CarePay, as part of its 2018 Technology Pioneers cohort. BitPesa and CarePay are the only African companies in the cohort of 61 early-stage companies from around the world. Ovamba -- a US-based fintech which provides short-term capital to small businesses in Africa and the Middle East -- also made the cut. The cohort will over the next two years participate in the WEF's initiatives, activities, including this September's Annual Meeting of the New Champions in China, and next year's Annual Meeting in Davos, Switzerland. BitPesa and CarePay are the only African startups in the...
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All you need to know about Merck Accelerator’s Cape Town programme
Southern African startups involved in innovation around healthcare, life sciences, or performance materials have less than a month to apply for Germany-based Merck Accelerator's Cape Town satellite programme. Applications close 20 July. The satellite programme, which is being run in collaboration with MEST Incubator in Cape Town, will provide each selected startup with: a $3000 cash prize, up to 12 months membership at MEST's incubator, and an opportunity to travel to the Merck Innovation Centre in Darmstadt, Germany to pitch for a collaboration project with Merck. Applications for Merck Accelerator's Cape Town programme close on 20 July In addition, selected startups will also receive access to...
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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...
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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...
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Want funding for your fintech? Try the Wells Fargo Startup Accelerator
If your fintech startup is looking for funding, you might want to apply to the Wells Fargo Startup Accelerator. The six-month virtual accelerator programme is open to startups from around the world and aims to assist those creating solutions for enterprise customers. Potential equity investments of up to $1-million in selected startups are up for grabs. The Wells Fargo Startup Accelerator will provide selected startups with equity investments of up to $1-million Startups involved in analytics, big data, artificial intelligence, mobile, cyber security, payments, blockchain, robotics, digital marketing, Internet of Things (IoT), authentication, wearables, and operations, among others fields will be considered for the programme. Selected...
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Cloud accounting platform Accounteer wins $50k MEST Africa Challenge
Nigerian cloud accounting platform Accounteer was yesterday selected as the winner of the inaugural $50 000 MEST Africa Challenge. The pitch competition was held yesterday (21 June) on the final day of the MEST Africa Summit at the Waterfront in Cape Town. Accounteer out-pitched three other startups to win the MEST Africa Challenge $50 000 equity investment prize Accounteer pitched against Ghanaian agritech startup Cowtribe, Kenyan fintech Data Integrated, and South African livestock trading platfrom Swift Vee for the grand prize. Read more: MEST Africa announces four regional winners that will pitch in $50k challenge During the pitch, Accounteer business developer Adegboye Henry (pictured above) said the startup has 200...
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VC4A in search for eight high-growth startups to showcase at investor summit
Venture Capital For Africa (VC4A) is calling on disruptive African scale-ups that are looking to raise Series A funding of between $250 000 and $5-million to apply for its VC4A Venture Showcase - Series A. Interested startups have until 20 August to apply. VC4A will showcase the top eight startups at the Africa Early Stage Investor Summit which will take place on 11 and 12 November in Cape Town. VC4A will through the VC4A Venture Showcase -Series A platform select eight startups to pitch at the Africa Early Stage Investor Summit The eight selected startups will each be offered an all-expenses-paid trip to...
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Joburg hub Blockstarters on hunt for $450k to assist blockchain startups
Newly launched Joburg hub Blockstarters is looking to raise $450 000 to help fund business support services for at least eight blockchain startups, the hub's CEO Kreaan Singh revealed today. The hub officially launched on 5 June and is currently assisting seven blockchain startups, including Zimbabwean crypto exchange Golix -- which last month told Zimbabwean customers that they would not be able to use the exchange to draw currency like US dollars or Euros (see the story here). Speaking to Ventureburn today, Singh confirmed that corporate companies are among those the hub has so far approached to raise the funding which would cover mentorship as well as technical...
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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...
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