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  • 2U concludes $103m deal to acquire SA startup GetSmarter

    US listed company 2U has concluded the acquisition of edtech startup GetSmarter for $103-million. GetSmarter's acquisition by 2U was announced in May. In a press release sent to Ventureburn today, GetSmarter said the deal would accelerate growth and enable it to offer in demand career opportunities. "We now have an even stronger base from which to realise our full potential globally, which will only further enhance confidence in the broader South African technology ecosystem," GetSmarter CEO and founder Sam Paddock (pictured left) said in the release. GetSmarter R1.4-billion acquisition is one of the biggest for a South African startup GetSmarter, which was founded in 2008 by brothers...

  • 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...

  • Here are the five startups shortlisted for the Accenture Innovation Index Awards

    Business consultancy firm Accenture has announced the finalists of the 2017 Accenture Innovation Awards. At least five of the selected finalists are startups. The startups will get to present at an exclusive invitation-only Accenture Innovation Conference to be held on 17 October in Johannesburg. Accenture's Innovation Index aims to provide an in-depth analysis of South Africa's state of innovation with the intention of rewarding innovative and disruptive enterprises. The 2017 Accenture Innovation Awards finalists will present at the Accenture Innovation Conference on 17 October A statement on Accenture's site states that over 70 businesses registered on the index. The five startups have been shortlisted in the emerging enterprises and small...

  • 10 spots up for grabs for the 2018 San Francisco Entrepreneur Delegation

    Heavy Chef, Startup Safari and Startup Grind have partnered to send 10 South African entrepreneurs to San Francisco for the annual Startup Grind Global Conference to be held in February next year. The 2018 San Francisco Entrepreneur Delegation will depart for Silicon Valley on 8 February. The week-long trip will see the delegation attend the Startup Grind Global Conference taking place between 12 and 14 February next year. Successful applicants will win free flights, accommodation, workshop facilitation, entry into the Startup Grind Global Conference, and a daily allowance. The San Francisco Entrepreneur Delegation will depart Cape Town on 8 February Members of the...

  • Gifted Mom wins Seedstars Douala, will represent Cameroon at Seedstars Summit

    Healthtech startup Gifted Mom was last week selected as the winner of Seedstars Douala, It will now represent Cameroon at the Seedstars Summit in Switzerland, where it could stand to win $1-million in investment funding. Gifted Mom was up against 10 other startups at the pitch event held last Friday (29 September). The startup develops last-mile mobile health solutions to increase maternal engagement. The startup aims to democratise health information access in emerging markets through an artificial intelligence-based remote medical platform. Judges at the event included representatives from Microsoft, AppsTech, ST Digital and Seedstars World. Gifted Mom beat Save Our Agriculture and VIKI...

  • Q&A: HackR House founder on why he invested entire savings on project

    How passionate are you about your business? How far would you go to create a minimum viable product (MVP)? Would you, say, invest all of your personal savings? Meet Craig Wing (pictured), a South African who has done exactly just that. Wing is the founder of HackR House, an initiative that aims to support tech entrepreneurs. Applications to its beta-pilot phase closed yesterday (2 October) while applications for its second round will close on 16 October. The full programme is scheduled to launch in February next year. Wing believes that entrepreneurs need round-the-clock support. He came up with the concept around HackR...

  • Libryo secures $1-million seed round, eyes expansion

    Cape Town and London-based legal platform Libryo has secured a $1-million seed round which it aims to use towards expansion. A press release sent to Ventureburn today states that the funding will be used to grow Libryo's team, product development and for expansion into new markets in Africa, Europe, North America and Australia in the next 18 to 24 months. "To have received the backing of these notable investors and programmes is a real validation of our product and the service that we offer our customers, as well as the huge market opportunity we see," Libryo co-founder and CEO Peter Flynn (pictured right) said...

  • Top startup events in South Africa, Africa you should know about this week [02/10/2017]

    Looking to get into the South African startup scene or catch up on some of your skills? Well, you've come to the right place. There are loads of competitions, networking sessions and workshops happening around South Africa and the rest of the continent (namely Kenya, Nigeria and Ghana) that we've rounded up to make your life a bit easier. This article is part of a weekly series that highlights all the top startup competitions, networking sessions, workshops and conferences around South Africa, and the greater region. If you have any event recommendations for us to add to the list, or...

  • Less than two days left to apply to join MAN Truck and Bus Impact Accelerator

    South African startups in the transport and logistics sector have until Sunday (1 October) to apply to join the join the six-month long MAN Truck and Bus Impact Accelerator. In an announcement on its website, the truck manufacturer said the programme -- which aims to scale social ventures in transport and logistics -- will kick off at the Global Social Business Summit in Paris this November. The programme will then see participants travel to Munich, Mumbai, Cape Town and San Francisco with a final pitch day scheduled for Munich in June next year. To be considered for the programme startups must be able to prove that...

  • SA equity crowdfunding site Uprise.Africa reveals first three planned investments

    A cab company, freelance listing app and African languages publishing project -- these are three of the initial investments that Uprise.Africa, which hopes to become South Africa's first equity crowdfunding platform, plans to make available to investors from 25 October. Uprise.Africa spokesperson Inge Prins confirmed to Ventureburn today that the platform intends to initially list six startups or projects. So far three investments already appear on the platform. These are: Storied, a Jacana Publishing project to help publish more African fiction and poetry in which the company is seeking R3-million in exchange for a total equity of 49% in the project. Jobvine Freelance,...

  • SpliceWorks platform goes live, aims to match tech startups with corporates

    Entrepreneurs looking to sell their tech solutions to corporates can register to join a recently launched online platform. Launched last week by BCX, a Telkom owned company, SpliceWorks aims to become a match-making service between tech entrepreneurs and big business and claims it can “turn your big idea into a big business”. While it is open to any tech entrepreneur to join, BCX has selected 70 tech entrepreneurs to trial the platform which has been in testing since April. “SpliceWorks was specifically created to source the latest and greatest digital technology to not only transform the Telkom Group and BCX but also our enterprise customers into digitally fit businesses,” SpliceWorks...