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  • 10 business lessons for the young entrepreneur

    Alex Fraser, Silicon Cape chairperson and head of business development at venture capital firm, Invenfin, recently shared her business philosophies with an audience of young South African technology entrepreneurs at the Cape Town Geek Girl Dinner. Fraser is involved in managing and assessing new investment proposals for the venture capital firm, and through her career has identified some philosophies that may benefit young entrepreneurs, these include: 1. Don’t wait for an invitation “No one is going to invite you to be a part of the South African entrepreneurial ecosystem. If you want to be involved, it’s important to be proactive....

  • Company Office

    Callpay become first Level 1 Service Provider in Africa to achieve PCI DSS v3.2 compliance

    Callpay, a leading payment solutions provider, today announced that it has become the first Service Provider in Africa to achieve PCI DSS v3.2 compliance. The company recently underwent another rigorous audit by an independent Quality Security Assessor (QSA) to ensure that it meets the best practices and security controls needed to keep card data safe and secure from capture and transmit to processing. Callpay provides a unique range of innovative payment technologies, from its patent pending cloud call centre solutions, Bank Transfer Switch including its mPOS and mPAY Applications. Being a Level 1 PCI DSS compliant Service Provider ensure Callpay’s...

  • Mxit woos app developers with Preferred Developer Programme

    So, you want to outsource the development of a Mxit app, but who are the top Mxit API wranglers? With the launch of Mxit's new Preferred Developer Programme (PDP) you should have a pretty good idea. The social network says that the PDP was created with the aim of recognising and rewarding the best developers focused on building apps for third parties. “The programme is designed to connect people who want custom Mxit apps built with the best developers available for hire. It’s also a great opportunity for us to acknowledge some of the best developers on Mxit who continue...

  • Old Mutual buys 22Seven, multiple currencies & overseas expansion soon

    Popular money management tool 22Seven has been acquired by the UK division of Old Mutual for an undisclosed sum of money. While rumours have been flying around that the tech startup with tumultuous beginnings has been courting the financial juggernaut for a while, the two companies have only now confirmed that the deal is going through. The buyout will see 22Seven absorbed into Old Mutual's plans to develop digital support for its customers. According to 22Seven founder and CEO Christo Davel, the startup needed an established, well-respected international brand to help grow the company in the future. "We've always...

  • Mobile health platform FolUp launches in SA

    Mobile health is hot right now. That statement has never been truer. In Africa, healthcare is a major issue and finding easier ways to get medication, medical information and care to people is very important. That's where FolUp comes in, a mobile and web-based health communication platform that connects doctors and patients, allowing collaboration and actively participate in improving patient care and satisfaction. According to the company, the tool provides patients with a secure platform on which they can actively participate in their health management process through tracking their symptoms, how they feel and how they respond to medication. ...

  • Was Foodspotting’s $10 million exit really that attractive?

    It’s all over the news now. San Franscisco-based food photo sharing app Foodspotting has been acquired by OpenTable to the tune of US$10-million. But is a US$10-million exit attractive? Prior to the acquisition, Foodspotting raised a US$750,000 seed round from investors, which include 500Startups, as well as a few other angel investors including Dave Morin and Dan Martell back in August 2010. In January 2011, Foodspotting closed a US$3-million funding round from Blue Run Ventures. Fast forward to January 2013, is the US$10 million an attractive exit? Two years since their series A funding would suggest that the 12 person team is possibly very near the end...

  • Newscoop: the newsroom CMS that’s empowering independent media

    The Content Management System (CMS) market is crowded. It's easier to stand out from the niche of news CMSes, but in the age of guerrilla journalism and WordPress, the market for CMSes tailored for newsrooms is small. Even major news organisations like CNN, The New York Times, Reuters and Forbes deliver news through WordPress. So, how do you make a name for yourself if you're trying to sell a CMS for newsrooms? For a start, you'd better make sure your product is battle tested. To develop a new version of its newspaper and magazine CMS called Newscoop, Czech non-profit organisation,...

  • Sorry to tell you this, but… being unique won’t make your startup money

    It was a day packed with over five consecutive meetings. As I huffed and puffed towards my final destination, meeting up with the private banker of a tech entrepreneur whose achievement badges include his NASDAQ-listed gaming company. It would be a typical investment pitch, like millions of other pitches I had done. The only difference was pitching to a private banker -- a career I was going into until I got mesmerized by the tech world. Let’s call him Paul. Paul was sharp, astute, and surprised me with his knowledge in the startup scene and tech industry. He certainly knew what he...

  • Nigerian video streaming service iROKOtv signs deal with Nokia

    Nigerian video streaming service iROKOtv has signed a deal with Nokia to launch a free mobile app for the Lumia range of Windows 8 Phones. The deal allows Nollywood fans to access the service's full catlogue of Nigerian films on the go. According to iROKO Partners, the company behind the service, the app is built with the same functionality as www.irokotv.com, giving users total control over their viewing experience and the ability to search the catalogue of thousands of movies by genre and actor, as well as select movies to "watch later". "The iROKOtv app is a fantastic addition to...

  • Watch: 5 videos of killer emerging market health and wellness startups

    UNESCO partner, Netexplo, is a future-facing initiative that helps businesses from France figure out how to cash in on tech innovation around the world. Through a network of about 200 journalists, scientists and academics, the initiative acknowledges brilliant ideas. The top 100 form the Netexplo 100 which aims to provide an overview of digital innovation happing in the world. At the Netexplo Forum, the top 100 are further whittled down and acknowledged by a jury of independent personalities from the academic world, research and international organisations. We dug through the Netexplo 100 for 2013 and found five intriguing ideas from emerging...

  • Pimp my startup: why I want my VC to focus on marketing, not just money

    What should startups want in an investor? Money, smarts, rolodex – sure. But that’s not enough any more. I want my VC to do marketing for me too. Ron Conway is certainly no lesser investor than Dave McClure. But there are 100x more startup people and early adopters in Asia who know 500 Startups from his many tours of duty (that is certainly true in Croatia too). More importantly, amongst those are hackers and hustlers I want to hire – people who may never have heard of Ron or SVAngels. VCs like First Round Capital routinely pimp their startups out, such...