Venture capital

Unwrapping the mysteries of SA’s venture metrics landscape [Infographic]

South African flag With additional reporting by Mich Atagana South Africa's startup landscape is an industry wrapped in mysteries and enigmas. It's a world of near facts and almost could be truths, especially when it comes to funding. The average entrepreneur is not a 21-year-old University dropout. Also not all of them are men, yes women start companies too. In a survey conducted by Knife Capital, around 337 entrepreneurs shed some light on this cloak and dagger industry and provided some interesting insights about ...

Africa, News

U-Start competition calling all SA entrepreneurs to action

ustart Are you a South African startup seeking some international exposure? This might be for you. The U-Start Business Plan Competition, which will be taking place in Italy, aims to match cross-border investment groups with startups from Southern and Eastern Europe, Latin America and Africa. It's basically like the ultimate high-profile dating company for entrepreneurs, VCs and the like. Three small companies will be chosen to represent Africa at the event in May this year, and you could be one of ...

Africa, Mobile, News

Emerge Mobile: SA’s 1st global certified MPOS solution targets African SMEs

emerge mobile Mobile phones have become a part of everyday life, and being able to use your mobile for anything and everything is not just the near-future, but it's happening right now. One area where mobiles are flourishing is as a payment solution, and with that we see the rise of mobile point of sale (MPOS) payments solutions -- a highly competitive space. Emerge Mobile, a South African-based tech company that specialises in MPOS payments, has achieved Payments Council International Payment Terminal Security ...

Africa, Startups

People, places and parcels, Tranzit is Africa’s taxi app on steroids

Tranzit Unlike most taxi app services these days, Tranzit not only offers you transportation but also parcel delivery and enables you to locate relevant places and events based on your location via the web. Hailing from Lagos, Nigeria, Tranzit puts people a few taps away from a licensed, reviewed transportation and delivery pickup service and plans to revolutionise transportation in Africa and beyond. Before Tranzit, however, there was Taxipark, a run-of-the-mill taxi web and mobile app that helps you find and ...

Africa, Startup news

Micro lending startup ApexPeak to raise massive $200-million fund

ApexPeak ApexPeak is a micro lender that aims to loan money faster and easier than traditional banks would allow. Small companies in need of a smooth cash flow can borrow money from it to pay their invoices. Last year, the startup received seed investment from the Google-sponsored accelerator 88mph and is now raising a massive US$200-million to meet the growing demand of SMEs. Using the company's Global Receivables Fund, ApexPeak allows SMEs who are cash-strapped to sell their invoices in return for ...

Ecommerce, Startups

Ex-Rocket Internet crew all-in on Nigerian gift card startup Suregifts

suregifts While the idea of a gift card ecommerce startup isn't exactly novel, Suregifts from Lagos, Nigeria, has the type of VC backing and founder credentials that makes a startup stand out. Suregifts founders Olaoluwa Samuel-Biyi, Adeoye Ojo and Babafemi Lawal are ex-Rocket Internet employees. The German-headquartered company's love affair with Nigeria knows no bounds -- the serial-cloner has been aggressively chasing the country's fast-growing middle class over the last few years. Jumia, essentially an Amazon-clone, is considered Rocket's flagship West African business. ...

Android, Startup news

22seven’s new Android app expresses mobile’s importance in its future

22seven android app alt Money management apps have proven popular since the advent of the app store. Some are simple daily budgeting assistants while others are more comprehensive, linking your existing bank accounts, credit and store cards together, so that you can monitor, and ultimately manage your money better. In the latter camp of more comprehensive apps, something like Mint comes to mind, an American-based app that pulls information from your bank accounts, and now has more than three million users. Mint though, only works ...

Emerging Markets, Startups

Fliplingo is translating the world, one tweet at a time

Fliplingo There are 61 languages being used on Twitter these days. Surprisingly, three out of the top ten countries by tweets are in Asia – Thailand, Japan, and Indonesia. Although English is still the dominant language on Twitter, other tongues like Korean, Malay, and Japanese feature prominently. Aware of how important languages are on Twitter, a Thailand-based startup has launched a service called Fliplingo. Started by Matthieu Aussaguel, a French who now lives in Chiang Mai, Thailand, Fliplingo is a Twitter translation ...

Emerging Markets, Entrepreneurship

Russia’s entrepreneurial landscape according to Ernst & Young (EY)

russian dolls "Russia's entrepreneurs are positive about the future," says Ernst & Young's (now known as EY) 2013 G20 Entrepreneurship Barometer report. Released in August 2013, the report amalgamates and analyses research from 1500 surveyed entrepreneurs across the world, including the BRICS countries. According to the report Russia falls into the third quartile, the same as Brazil and China, but below South Africa, and has made strong progress in its efforts to foster entrepreneurship. Given that the country only opened up as a market economy ...

Ecommerce, Startup news

Foodpanda chews down $20-million in funding, targets 40 new markets

Foodpanda panda on a bike Foodpanda and its affiliated brand, Hellofood, have received US$20-million in funding from a group of investors including Phenomen Ventures. This comes after it secured more than US$20-million in funding from Phenomen Ventures and Investment AB Kinnevik last year. Since launch in 2012, Foodpanda gives customers the ability to conveniently choose their favourite meal online which it then delivers to their doorsteps. This online marketplace for food in turn helps drive traffic to restaurants. Last year, the Rocket Internet-backed brand expanded to 20 ...