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RainFin adds new R100m Business-to-Retail loans to its product offering
Fintech startup, RainFin has added crowdfunding and lending options to its platform in the form of Business-to-Retail loans. Amounts of up to R10-million will be handled through the service. This new offering will allow companies of varying sizes to borrow from a range of sectors, such as the retail market, asset managers, institutional lenders, and even their existing customer and supplier bases. "The Business-to-Retail product leverages RainFin's technology to significantly reduce the cost burden associated with traditional loan origination, which in effect enables alternative capital providers and individuals to price loans based on the true economic cost of lending," says the chief commercial officer...
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Swedish startup accelerator programme is looking for global applicants
Swedish-based Fast Track Malmö is looking for startups from around the world to participate in its startup accelerator. It will be based in Malmö, Sweden and will be held at the Minc startup hub. Interested startups will need to have a product that is scalable globally and use tech in some way. Those who are accepted will receive between R450 000 to R750 000 to run the startup and free office space with access to around 300 people and 40 companies. The startups will also have access to mentors, investors, angels, and a global network of resources. Fast Track Malmö is a joint project by Minc, ALMI...
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2016 ABAN Investor Masterclass Series set to conclude
The 2016 ABAN Investor Masterclass Series will see early-stage investors gathering in Cairo as well as Lagos next week to discuss and share best practices at Early Stage Investor Masterclasses. These masterclasses will conclude the 2016 ABAN Investor Masterclass Series which consisted of other bootcamps and classes all around the world. The Cairo Masterclasses will take place on 6 December 2016 at the Cairo Mariott Hotel Zamalek while the Lagos Masterclass will take place on 10 December at The Wheatbaker Lagos. Both events are organised by VC4A and Rising Tide Africa as well as the Lagos Angel Network. Speakers include the president of EBAN,...
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Top startup events in South Africa, Africa you should know about this week [5/12/2016]
Looking to get into the South African startup scene or scratch 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...
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Three SA startups selected for international accelerator
Three SA startups have been accepted into the Startupbootcamp InsurTech startup accelerator, which will take place in London in 2017. The selection process took place on 29 and 30 November, where ten finalists in total were selected. The three SA finalists, Aerobotics, Emerge Analytics, and NuvaLaw, were selected out of 633 total applications at first. They were then up against 20 other ventures during the selection process for the positions. All ten startups will take part in the Startupbootcamp InsurTech startup accelerator programme, which will last for three months. There, they will collaborate with over 400 mentors, partners, and investors in order to build...
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Blue Label Telecoms announces new SME accelerator programme
Telecoms company Blue Label Telecoms and Blue Pencil Management (Blue Pencil) have launched a business accelerator programme. The programme will grant SMEs access to necessary funding, networks, market opportunities and skills to help them become commercially successful. Blue Pencil helps small to medium-sized enterprises channel development, as well as investment and acceleration services. This, in conjunction with Blue Label's access to funding and infrastructure, will help boost participating businesses' growth. "Many small businesses struggle to take off and thrive after the incubation phase – by increasing their chances of success and through the right interventions we can help them to have a positive...
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5 easy steps to a successful seed round
Too often, entrepreneurs go into a meeting with a venture capital firm as if the result is already a fait accompli, assuming that the venture capitalist has all of the power. They could not be more wrong. While the investor may have already formed an initial opinion, their thoughts are by no means final. Your presentation will be the deciding factor. With this in mind, most entrepreneurs should be taking a much more proactive approach to raising their first successful seed round. If you are an entrepreneur and the most you know about seed round funding is from what you...
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Who won big at EY SA World Entrepreneur Awards?
The EY SA World Entrepreneur Awards has concluded its 2016 running, with Super Group's CEO, Peter Mountford, winning the award in the Master category. Broad-based supply chain management business, Super Group will go on to represent SA in Monte Carlo in June 2017 at the EY World Entrepreneur Of The Year Awards. Here, they will compete alongside more than 50 other entrepreneurs from around the world. During Mountford's time, he has turned the company around from a loss of R1.3-billion and within 18 months brought the company back to a profitable level. Ran Neu-Ner and Gil Oved, a group of co-CEOs and entrepreneurs of The Creative Counsel...
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Ducere Holdings on winning R1m in Green City Startup competition
Earlier this month, car-based startup Ducere Holdings took home the R1-million prize at the Green City Startup competition in Johannesburg. The company created the MISER Hydraulic Hybrid Transmission Systems for vehicles, which is able to save up to 70% of fuel usage, and reduce CO2 emissions. Ventureburn had a chance to catch up with Andre Reyneke (pictured top right), MD of the startup, to find out how the company will be using their prize money and new-found business fame. When asked about asked why Ducere Holdings was entered into the competition, Reyneke didn't sugarcoat his answer and said the prize and marketing were draw...
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Jungle Ventures raises $100m fund for Southeast Asia and beyond
Singapore-based venture capital firm Jungle Ventures announced today it has completed fundraising for its second fund, achieving its target of US$100 million. That’s ten times larger than Jungle’s previous US$10 million fund, which closed in 2012. It had raised around US$65 million in September 2015. Jungle Ventures founding partner Amit Anand tells Tech in Asia part of the new fund has already been deployed, in investments like Thailand’s Pomelo, Singapore’s Tradegecko, and Indonesia’s FinAccel. The VC doesn’t reveal the total amount that has been invested from the new fund so far. New investors include Temasek Holdings, Singapore’s National Research Foundation, and European media...
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