• 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!
  • ThisIsMe gets $2.5m funding round, is set for international expansion

    ThisIsMe, the online verification startup, has landed US$2.5-million in funding to fuel its international expansion efforts. According to a press release sent to Ventureburn, the funding comes from private investors and is aimed at helping it expand into both the African and International markets this year. ThisIsMe was able to secure the funding, it says, on the back of success in the corporate arena locally. Conceptualised in 2013 and formally established in 2014, ThisIsMe verifies an individual’s identity to other individuals, businesses, financial institutions and regulators. It does so using links to Home Affairs and the major banks. “We are...

  • Company Office

    Can brokers use robo-advice to their advantage?

    It seems every year there's a new development that threatens to make traditional financial advisers and insurance brokers obsolete. In the past few years it was the Retail Distribution Review (RDR) and the Protection of Personal Information Act (PoPI). So far, none have disrupted what some refer to as the 'dinosaur' of the traditional insurance industry. But a new foe has emerged in the form of robo-advice: automated algorithms and digital techniques to give consumers the advice and products they need sans advisor. Earlier this year, Lawrence Wintermeyer, Innovate Finance (the UK's fintech industry body) CEO, told Business Insider that robo-advice covers anything from execution right up to where a client has to sign...

  • 7 common, but totally preventable, mistakes startups make

    As a business owner, you are going to make mistakes. Some of those mistakes made may hopefully turn out to be learning experiences in which you are able to strengthen a particular area of your startup. However, not all turn out to be such. Some mistakes can actually handicap your startup permanently – these are the types of mistakes that you want to avoid at all costs. Luckily, some of the most common mistakes made by startups, which are capable of inflicting long term damage, are entirely preventable. Starting your own business is not easy. Launching a startup –...

  • iKhokha PoS gets Game distribution deal

    It's been a while since we heard anything from iKhokha, one of the many startups trying to bring point-of-sale (PoS) devices to the mass market. As it turns out though, the fintech outfit hasn't just disappeared into the shadows. Instead, it's been working on what may turn out to be an incredibly important deal. The company on Monday announced that its card-reader PoS devices are now available for purchase in Game stores across the country. The low-cost payment system, developed by three Durban-based entrepreneurs, the father and son team Matt and Clive Putman, and close friend Ramsay Daly, only...

  • Top startup events in South Africa, Africa you should know about this week [09/05/2016]

    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...

  • Nomanini sees 1 500% transaction growth

    Pan-African payments startup Nomanini revealed on Monday that, over the past 20 months, it has seen 1 500% growth in transactions on its mobile point-of-sale (PoS) platform for informal markets. Founded in 2010, Nomanini has designed a payments platform, which provides merchant aggregators with sophisticated business insights via a cloud-based platform, and merchants and micro-entrepreneurs in informal markets with the means to sell different types of services electronically and create a sustainable income. Having hit one million transactions in August 2014, the company has seen growth of 1 500 percent since then, and recently saw the 16 millionth transaction take place...

  • Regulation is seriously harming investment in SA’s online startups

    Regulating the internet in South Africa could have serious consequences for investment in the country, potentially damaging its prospects for growth. That's according to a new report from investment advisory firm Fifth Era. As the report notes, internet businesses require capital to fuel their growth, and that capital comes both from local in-country investors, as well as from international investors in the form of FDI. Thing is, those investors are almost always put off by ambiguous regulatory environments. That's a stark warning for South Africa, where legislators are trying to introduce a raft of new online regulations, ranging from...

  • Investec backs SA tech entrepreneurs with Seattle trip

    This one should be right up our audience's alley. Investec, along with global entrepreneurial networking organisation E-nnovate, is set to take a group of South African technology entrepreneurs to Seattle, to expose them to that city's world-leading startup ecosystem. This is the first time in the initiative's 1.5 year history that it'll be organising a trip to Seattle, although it previously taken entrepreneurs on global exposure trips to Israel and Silicon Valley. Seattle, USA, located in the Pacific Northwest, is home to 2 000 active tech start-ups, and is ranked in the top ten entrepreneurial ecosystems in the world, along with...

  • Real estate startup Property Fox wants to save you money when selling houses

    There's a new real estate startup hitting the South African market. Property Fox aims to save customers over 80% of traditional estate agent costs by offering a 1.5% commission rate. In a press release sent to Ventureburn, co-founder Ashley James says: "We saw a gap in the market to help people sell their houses for a fraction of the cost, while simultaneously offering more exposure in the market." The company launched in April with co-founder Crispin Inglis. "Our research showed that unreliable home viewings, expenses involved and agent frustrations were among the most common challenges in selling a home," says James. Customers are...

  • Alibaba’s Hong Kong fund throws cash at ‘Uber for vans’ startup GoGoVan

    On-demand logistics startup GogoVan raised a series C funding round, it announced today. The funding amount is undisclosed, but is described as “a decent amount for future business expansion.” The round was led by private equity firm New Horizon Capital and was joined by Singapore Press Holdings, Hotung Investment Holdings, and existing investors. Alibaba’s new US$130 million Hong Kong Entrepreneurs Fund also participated. “This round of funding is fully committed and our new shareholders are very supportive in our strategy and growth plan,” GoGoVan head of operations Eugene Lee tells Tech in Asia. The startup says these investors will also be providing...

  • 3 bright spots investors can find in South Africa’s dismal economic news

    For nearly a decade, the South African economy took on the role of “Africa’s sick man.” Economic growth nearly stagnated at 1.7% between 2008 and 2015, compared with sub-Saharan Africa’s 4.9%. President Jacob Zuma’s appointment and quick removal of David van Rooyen as finance minister sent the rand, the country’s currency, into a tailspin last year. Calls for Zuma’s impeachment reached a fever pitch after a South African court ruled that he had misappropriated resources for personal home improvements. And as if those political missteps weren’t enough, World Bank data indicate that youth unemployment in South Africa has reached 52.6%. Kenya’s...