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  • Katlego Maphai interview: rivals, data, staff, and more

    We were fortunate enough to attend the second Startup Grind Cape Town event of the year, headlined by Katlego Maphai. The Yoco co-founder tackled a variety of topics during the event, but we managed to interview him, covering rivals, Yoco's future plans and more. Who are their rivals? Is it Snapscan? "We are sort of... mutually cooperating companies in the ecosystem," he says of Snapscan. "If you look at Snapscan, they've had to acquire merchants and the real drive from them now is getting consumers to pay. We're strictly a merchant company." Maphai says that you could potentially see a collaboration between the...

  • Company Office

    Peach Payments and Callpay announce EFT system partnership

    Peach Payments, a leading and one of Africa's fastest growing payment service providers and Callpay, an innovative provider of secure payment solutions announce collaboration to provide automated Electronic Fund Transfers (EFT) as well as secure telephonic payment acceptance solutions. The innovative products will enable millions of South Africans to make instant and secure payments when shopping online or during payment processes over the phone and via call centres. Through this exciting collaboration announced at the 3rd eCommerce Africa Conference, customers will now be able to pay online using their cheque, savings or credit card accounts. Merchants that sign up through...

  • Eduardo Saverin in $25m funding for insurance and wellness marketplace

    Rosaline Koo made a huge bet with CXA. Not long after she started up the healthcare products marketplace, it acquired Singapore’s third-largest homegrown insurance brokerage, Pan Group. Rosaline injected all her life savings and took out a loan to finance the purchase and build the venture. It’s now paying off. CXA today announced it has become a US$100 million company following a US$25 million series B investment, co-led by Facebook co-founder Eduardo Saverin’s B Capital Group and Singapore-based EDBI. Global life and health reinsurance company RGA, Philips Healthcare, maker of data-driven medical devices and disease management programs, and existing investors NSI...

  • Silvertree Capital acquires Nigeria’s TopCheck

    Nigerian price comparison site, TopCheck, was recently acquired for an undisclosed amount by Silvertree Holdings, one of Africa's leading internet platforms. The price comparison site will be joining one of SilverTree's subsidiaries, Compare Africa Group (CAG) which is active in over three African countries. "The TopCheck team is excited to join forces with CAG. Together, we are forming Africa’s undisputed leader in price comparison," said TopCheck founder, Thomas Pilar in a press release. TopCheck was founded by European entrepreneurs Christian Wiesner and Jose Figueiredo, as well as Thomas Pilar in 2014.recorded fast growth last year. Not only have they processed US$10-million in Gross...

  • TenaCiTi to enhance junior recruits for small businesses

    The Cape Innovation and Technology Initiative (CiTi) in partnership with #CoCreateSA, an initiative of the Kingdom of the Netherlands, have launched their second TenaCiTi programme. The programme aims to improve small businesses by providing junior recruits with sufficient training to up their skills, such as such as time management and planning. This upskilling looks to allow the trainees to become more productive staff to aid in sustaining the business. TenaCiTi also aims to build an enabling relationship between the entrepreneur and their junior recruit by improving the existing HR department. HR consulting firm, LaytonMelville will be responsible for hosting intervention sessions between the entrepreneur and...

  • Report: SA private equity comes out on top

    According to the recent RisCura-SAVCA South African Private Equity Performance Report , private equity in SA yielded favourable returns over a 10-year period. The report shows that private equity delivered a 10-year internal rate of return (IRR) of 17.7% at the end of September 2016, as opposed to 16.5% from the FTSE/JSE Financial and Industrial Index (FINDI TRI). "The steady, attractive returns delivered by private equity is particularly appealing in the current volatile, low-returns environment," says CEO of the Southern African Venture Capital and Private Equity Association (SAVCA), Erika van der Merwe, in a press release to Ventureburn. SA private equity was also strong against the FTSE/JSE...

  • Is your startup ready for flextime?

    If you're looking for ways to raise productivity and reduce overhead at your startup, you might have come across the term 'flextime'. This is a concept in which workers are offered the option of flexible hours and increased opportunities for telecommuting in an office setting. The employee is primarily in charge of setting his or her own hours, with management approval. Flextime is often used in corporate settings to raise productivity and employee morale. Firms and their staff have found it to be an efficient strategy, and many startups are encouraged to adopt the pattern. The policy is an appealing company...

  • Startup Grind: 12 things we learnt from Yoco’s Katlego Maphai

    The second Startup Grind Cape Town event of the year took place on Monday night at Workshop 17, featuring Katlego Maphai, co-founder of Yoco. The event saw Maphai cover a wide variety of topics, including the formation of Yoco, challenges associated with the company and more. So what did we learn? Working on Jumia gave him the required confidence Maphai said that while working at RocketInternet, he was sent (along with current Yoco CFO Bradley Wattrus) to Nigeria to work on online retailer Jumia. "That was a gruelling experience... really tough... And I think after that, him and I just...

  • Startup Grind hosts Yoco’s Katlego Maphai

    Last month, Startup Grind kicked off the year by hosting Lean Iterator co-founders David Campey and Roger Norton. Their latest event, which took place on Monday night, saw Yoco's CEO and co-founder, Katlego Maphai take the stage.  Startup Grind Global Conference In welcoming the crowd, Startup Grind's global community director, Guillaume De Smedt spoke about the Global Conference happening earlier this year in Silicon Valley. "This conference is where over 5000 entrepreneurs from over the world will be congregating to listen to some of the best entrepreneurs in the world," said De Smedt. With tickets being priced at US$500 and US$600 per head, the lineup is promised...

  • Xero’s Gary Turner: Say goodbye to late payments

    Ventureburn recently caught up with Xero's Gary Turner, so we got the chance to speak about one of the underlying threats to small businesses -- late payments. "One of the biggest threats small businesses face is getting money through the door, I'm sure that it won’t always be the problem. We did some research to see how that plays out versus any of the other countries. The bad news is that it's just as bad here as it is everywhere else," said Turner. Their research was conducted through Frontline and looked at 500 businesses across SA (to represent local figures only). What...

  • University of Johannesburg to debut its own business incubator

    The University of Johannesburg (UJ) has announced a new incubator which will aim to empower its students and create thousands of youth-driven businesses within the tech sector. The programme was established in partnership with the Finnish University of Applied Science, Laurea. The university based in the Uusimaa region of Finland is known for boosting entrepreneurship among the youth through their EER entrepreneurial ecosystem programme. "We want to see our students and other young people start businesses valuable to the economy. We want them to create jobs and grow local economies rather than to be looking for employment," said UJ's VC, Ihron Rensburg. "Obviously...