• BURN MEDIA
    • Memeburn
      Tech-savvy insight and analysis
    • Gearburn
      Incisive reviews for the gadget obsessed
    • Motorburn
      Because cars are gadgets
    • Jobsburn
      Digital industry jobs for the anti 9 to 5!
  • Here are 4 things Kalon Venture Partners looks for when picking startups [Q&A]

    Disruptive technology that is 12 months ahead of the competition. A proven product. A large addressable market. The best team on the planet. These are four things venture capitalist Clive Butkow looks for when his Kalon Venture Partners -- a registered Section 12J Venture Capital Company picks tech startups to invest in. Butkow's Johannesburg based VC company already backs some big names -- like fast growing Joburg fintech startup i-Pay (which Ventureburn lists among eight Gauteng startups to watch in 2018 -- see here and here) and blockhain startup The Sun Exchange -- which last month took honours at the French VivaTech summit (see here). In March Butkow told...

  • Company Office

    New integrated payment, POS solution allows retailers to transact in 2 seconds

    The South African financial technology company that brought card-payment systems to smaller businesses as far back as 2008 has just announced a new integrated payment solution that will benefit franchise store owners, larger independent retailers and franchise owners. Sureswipe is SA’s first independent payment service provider to offer a fully integrated payment solution with acquiring services. Paul Kent, managing director of Sureswipe, says: “Our new Integrated Payments product has been developed for higher volume businesses that use a Point-of-Sale system. It reduces manual hours spent on reconciliations, makes customer payments quicker and safer, and cuts both costs and complexity. We have brought functionality...

  • Seedstars announces launch of hub in Cape Town to take place this month

    Seedstars, the Swiss-based organisation that supports startups in emerging markets, has announced that it will this month open a Seedspace hub in Cape Town. In a statement yesterday (6 June), Seedstars announced that the hub will be opened on 21 June. Prior to the announcement, Seedstars had been operating a work space in Cape Town in a joint venture with co-working space Spin Street House. Seedstars head of operations Romulo Navarrete said Spin Street House had "played a vital role in our settlement in the city". Seedstars currently operates eight hubs around the world, with plans to add seven more before the end of...

  • Online lender Rainfin sells majority stake in business to bankroll new R1bn fund

    SA online lending platform RainFin has effectively sold its business to its current BEE shareholders, the LeBashe Investment Group. The deal, announced last week on the lender's blog, will enable Rainfin to finance a new R1-billion fund targeting small businesses. Terms of the deal -- which resulted in the BEE investors having increased their present stake in Rainfin from 30% to 75% -- were not disclosed. Founded in 2012 by CEO Sean Emery (pictured above), and COO Hannes van der Merwe, Rainfin -- which in April announced a partnership with Johannesburg-based alternate exchange 4AX -- also announced that it had established the RainFin SME Fund which the company said will "focus on...

  • How Michael Jordaan inspired Investsure, the ‘world’s first cover for investors’

    Sometimes in the SA tech ecosystem all it takes is two words to get someone's attention. Sometimes those words are someone's name -- someone called Michael Jordaan. At least this was the case for one of the founders of insurtech startup Investsure. The Johannesburg based startup last month launched what it claims is the "world's first" insurance cover for investors, via local startup EasyEquities' investor platform. So, then where does Michael Jordaan -- the famed venture capitalist and former FNB head -- fit into all this? Chat bots and Micheal Jordaan Explains one of the startup's founders Mbulelo Mpofana: "The idea for Investsure came to one...

  • EXCLUSIVE: SA SME Fund CEO’s stepping down was ‘amicable’ says fund official

    The head of the SA SME Fund Quinton Dicks has parted ways "amicably" with the fund, a right-hand official of Discovery CEO Adrian Gore who initiated the fund, said today. The R1.5-billion fund, which aims to put money into private funds that will then lend to small companies, was announced over two years ago by President Cyril Ramaphosa when he was then deputy president. But it is yet to begin lending to small businesses. Lisa Klein, head of mergers and acquisitions at insurance giant Discovery, told Ventureburn today that the two parties had parted ways "amicably" and that the parting had come about after discussions between both parties. Klein helped put...

  • Less than month to apply for Solution Space programme valued at R300k

    The UCT Graduate School of Business's Solution Space is offering 15 lucky startups incubation to the value of R300 000 in advisory services, mentorship, and co-working space per startup. Entrepreneurs have just less than a month left to apply to its 2018 Venture Incubation Programme (VIP) winter school based in Cape Town. Applications for the 15 available spots close on 1 July. In addition to the business support, selected startups stand to gain access to MTN APIs, the MTN Service Delivery Platform, as well as access to MTN's technical experts and mentors. The 12-week long winter school, which will start on 3 September and...

  • It was ‘now or never’ says Digest RSA founder on leaving corporate finance job

    For Dhanyal Davidson leaving a successful career in finance and accounting to start a financial literacy platform was a no brainer -- but it still leaves him wondering just what he got himself into. "It was sort of now or never in my mind," says Davidson (pictured above) who founded Digest RSA in June last year. His company -- which offers a free weekday email newsletter which selects, summaries and explains key financial news -- is part of the SA Media Innovation Programme (Samip), from which the company was able to get an undisclosed grant from in January. The $4-million three-year initiative aims to accelerate digital...

  • SA incubator Savant in process of raising funding for 11 tech companies [Q&A]

    Cape Town tech incubator Savant is busy raising funding for four of the 16 technology related companies in its portfolio -- while pursuing second-round funding for another nine, the incubator's CEO Nick Allen has confirmed. "Getting this next round of funding, usually for companies that are still generally pre-revenue, is our biggest challenge. We are also undertaking due diligence on a further three companies," Allen told Ventureburn last month. Savant has assisted 12 companies in the accelerator's portfolio to source either seed or startup funding. Among the companies Savant has worked with are medtech firm Leatt, food innovation company Formfoods, battery management company Balancell and medical device Smartblade. "We hold stakes in another two companies that...

  • AppsAfrica opens entries for 2018 Innovation Awards

    Tech portal and advisory service AppsAfrica.com has opened entries for the 2018 AppsAfrica Innovation Awards set to be held on 12 November in Cape Town. Applications close 7 September, with finalists set to be announced on 8 October. The annual awards now in their fourth year, are open to startups and corporates which have launched services in at least one market in Africa, aim to celebrate the mobile and tech innovation on the continent. In addition, gaining global publicity, industry recognition and the opportunity to network with about 300 industry peers, this year's winners will also be invited to Africa Tech...

  • Sometimes startup just hits right market at right time – Angelhub man [Q&A]

    The difference between a well performing and poorly performing investment often comes down to three things, says Angelhub Ventures lead partner Brett Commaille. For Commaille these are: the stage a product is in, the maturity of the business itself and the readiness of the market to adopt the product or service a startup is offering. But he admits "sometimes a business just hits the right market and the right time and takes off". The difference between a well and a poor performing investment often comes down to three things, says Angelhub Ventures lead partner Brett Commaille How then is his Angelhub Ventures portfolio...

WP Twitter Auto Publish Powered By : XYZScripts.com