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  • Yodlee partners up with South African API marketplace

    US-based banking software and account aggregation service Yodlee recently announced a partnership with Limitless, a South African API marketplace and the company behind Moneysmart, South Africa's first PFM (Personal Financial Management and Budgeting Tool. The partnership allows for much closer integration between the two companies' products. Limitless is, for instance, able to bake Yodlee's Aggregation API into its Finlayer product and thus enable real-time data aggregation for financial enterprises. Limitless's RESTful API and FinLayer in conjunction with Yodlee's Aggregation API creates digital fingerprints around customers' financial data, something which it says allows banks and creditors can...

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    CompareGuru set to simplify financial services for SA consumers

    Launches new site with advanced features and real-time services.  For most time-constrained South Africans, choosing between financial products and service providers is a laborious and challenging task. Despite the increasing access to all sorts of information online, it remains a complex and daunting process to sift through various product offerings, pricing structures, terms and conditions, etc. “This complexity is especially problematic when trying to choose between products and providers in the mobile, banking and insurance spheres, where contracts are often filled with jargon and consumers are understandably wary of hidden fees,” explains Ryan Marx, CEO of CompareGuru, a site which draws...

  • 10X-e: the new entrepreneurial programme aiming to bring big scale to SA startups

    Vumela and Edge Growth, two of SA’s big brands in entrepreneurship and venturing have launched a new accelerator aimed at growing established, high potential entrepreneurs. Called 10X-e, the accelerator's mission is apparently to help talented scale-up stage entrepreneurial teams scale themselves, scale their teams, and scale their businesses. According to a press release sent to Ventureburn, the 36-month programme is aimed at ensuring that fast growing, young, innovative companies can scale smoothly and create the high number of jobs they have the potential to. The programme apparently involves a facilitated process designed to provide founding teams with handholding guidance from experienced...

  • Fundamo diaries: launching the world’s first mobile money service in Africa [Part 1]

    The following article is part of a series of extracts from South African entrepreneur Hannes Van Rensburg’s upcoming book, Cash In, Cash Out. The founder and CEO of the fintech company, Fundamo, recalls the events that have helped shape the world’s mobile banking industry as we know it as well as those leading up to the company’s exit to Visa for a whopping US$110-million. In this article, Van Rensburg details Fundamo’s launch of the world’s first mobile financial service in a developing economy through Celpay Zambia in 2002. I remember the first time I typed in the URL www.celpay.com and accessed...

  • Microfinancing startup Musoni secures ‘significant’ investment round

    Microfinancing startup Musoni Services, has received an investment round from early stage growth capital fund Goodwell Investments. Headquartered in The Netherlands, Musoni Services provides cloud-based core banking software for microfinance institutions and describes itself as "one of the first companies to leverage cloud computing and Software-as-a-Service (SaaS) to dramatically change the landscape of financial services in Africa". By doing so, it claims to be able to cut the cost of the banking systems which are essential for the efficiency and cost structure of every microfinance institution (MFI) around the globe. This, it says, allows the company to support MFIs...

  • Job seeker app Giraffe to represent SA in Seedstars World finale

    Automated mobile recruitment app Giraffe will be representing the country at the Seedstars World Summit on 3 March in Switzerland. Along with 53 other startups, Giraffe will compete for an equity prize of up to US$500 000. "We are really proud to represent South Africa," says Giraffe’s head of product and founder, Shafin Anwarsha, who will be pitching at the event. "This will be a great platform to put South African startups on the map in the eyes of international investors- especially in the light of the economic situation at home," adds Anwarsha. Giraffe connects medium-skilled job seekers with opportunities through its automated mobile recruitment app...

  • How can a startup ensure customer satisfaction in the long run?

    There is no denying the fact that technology rules the world today. But even with all the benefits of technology, there are a lot of people who have excellent ideas for startups and still fail. If you have a brilliant new idea for a startup and want to ensure it does not fail, the first thing you need to understand is that customer satisfaction is everything. There is nothing that can damage the growth of a business more than an unhappy customer. This is why you just have to create a brilliant experience for your customers. You want them to...

  • How to get your startup hooked up

    Being an entrepreneur or small-business owner can be a lonely place; so getting to interact with other like-minded individuals, and being exposed to business opportunities, can be challenging. Here are a few things you should know about building your business relationships: While we focus on our personal relationships in the month of love, many business owners forget that their business relationships also need nurturing to ensure success. One of the best ways to do this is through business networking and being involved in business ‘match-making’ forums. Many people cringe at the idea of going to networking sessions or forums....

  • Top startup events in South Africa, Africa you should know about this week [22/02/2016]

    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...

  • Nedbank LaunchLab, Multichoice launch new media breakthrough innovation challenge

    Pay-media company MultiChoice and the Nedbank Stellebosch University LaunchLab have launched a media breakthrough innovation challenge. This partnership aims to capture new ideas with the potential to change the future of media. Those successful in the challenge will win a share of R100 000 in seed funding and incubator support in the Stellenbosch University-based LaunchLab facility. The challenge extends to all universities across the Western Cape. LaunchLab will be hosting a two-hour workshop on 3 March where participants will learn more about the challenge and speak directly to Multichoice. The media conglomerate is interested in finding new ways to collect data on customer habits,...

  • Logistics: the backbone of South Africa’s ecommerce boom

    South African ecommerce is in a better place today than at any other time in its history. According to research released by PayPal earlier this week, online shopping in South Africa is expected to reach R37-billion this year and to jump to R46-billion in 2017. While much of that growth has been fueled by increased spend digital goods, such as apps, ebooks, digital music, films and videos, we're also buying a larger number of physical goods -- including fashion and consumer electronics. While a number of factors have driven growth across all these sectors, the rise in sales of...