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  • Sasfin Bank, Xero to provide direct bank feeds for SMEs

    Financial service group, Sasfin Bank has partnered with online accounting software provider, Xero to aid SMEs through SA's first direct bank feed. Any Sasfin Bank customer using Xero will have the ability to automatically import as well as categorise any bank statements. This saves businesses time by removing the need to make manual uploads and downloads, allowing better visibility of their cash flow. "Sasfin Bank is proud to be the first South African bank to offer direct feed integration into Xero. Our innovative banking platform is significantly enhanced by the Xero functionality," said executive director at Sasfin, Michael Sassoon in a press...

  • Company Office

    Callpay, MyGate announce telephonic payments collaboration

    MyGate, one of Africa’s largest and fastest growing gateways, and Callpay, an innovative provider of secure payment solutions have collaborated to provide a payment solution that offers secure, telephonic payments in South Africa. Through this exciting collaboration, companies that require contact centre agents to accept card can now process these transactions through MyGate to the bank. Card payments are processed in a PCI compliant manner through their contact centre agents without the agent hearing or seeing any sensitive card data. At the point of payment, the agent simply delivers a virtual terminal directly to the customer’s mobile device. It can...

  • Katlego Maphai to be Startup Grind Cape Town’s next speaker

    After the successful first Startup Grind Cape Town 2017 event, it's time to head into the next one for the year. This time, one of Yoco's co-founders, Katlego Maphai, will be chatting. The event will follow the normal Startup Grind structure where Maphai will be asked about his early life, studies, and how he got to where he is right now. After the talk, which is hosted by the organisation's global community director, Guillaume De Smedt, the audience will be allowed to ask their own questions. Before co-founding Yoco, Maphai was part of the incubation team at Rocket Internet, which built Jumia.com.ng. He's also an...

  • BitPesa closes Series A round to value of $2.5-million

    On 30 January, payments platform, BitPesa announced the completion of a Series A round of funding to the value of US$2.5-million. The Series A funding round was led by the US-based Draper VC along with the participation from a new shareholder, Greycroft Partners. Other participants in the funding round consisted of existing investors, Digital Currency Group, Pantera Capital Management, BnkToTheFuture, FuturePerfectVC as well as Blockchain Capital and Zephyr Acorn. "We are delighted to welcome our new investors, all who have a deep knowledge of our region and an expertise in the payment sector," said CEO of Bitpesa, Elizabeth Rossiello, when speaking on the funding round...

  • Entrepreneurial success creates a domino effect

    In the last couple of decades, the world has seen an explosion of creative entrepreneurs come up with innovative business solutions, but few entrepreneurs have transformed the way the world does business online like Elon Musk and Lou Montulli. Elon Musk kick-started global ecommerce trust with Paypal In the world of ecommerce, you could have the greatest payment system in the world but unless people trust it, they're not going to use it. People expect online merchants to use the best methods to keep their personal information safe and protected from data breaches, like the one Target experienced in 2013 that affected...

  • The Innotribe Startup Challenge comes to Africa, applications open

    SWIFT's Innotribe Startup Challenge will be returning to African shores on 16 to 18 May. It will be held at the African Regional Conference (ARC), which will take place in Abidjan, Ivory Coast. Innotribe will select 10 startups to take part in their programme. Along with the opportunity to showcase their innovative solutions and products during ARC, the startups will also receive coaching and mentoring prior to the event. Working together with VCs, industry experts, angel investors, and banking representatives, Innotribe will be relying on their proficiency to help select the startups. During the presentations, the audience will nominate three finalists, automatically...

  • Rand Merchant Investments executive on fintech developments in 2017

    From digital banks to mobile-payment solutions, technology is set to change the South African financial services landscape at a pace that will continue to surprise even the most hard-core non-believer. Digital banks On the banking front, 2017 will be the year of the digital bank, both globally and locally. In South Africa, we will see Discovery Bank and CBA Tyme – both digital banks – start operating and it should be interesting to see how the market responds. SME financing Politicians and economists tell us that the economic future of the world is in the hands of small business owners. But financing in...

  • 18 African startups to pitch at the Seedstars Global Summit

    Out of the hundreds of African startups that pitched for their spot at the Seedstars Global Summit, only 18 have made the cut. Partnering with VC4A to attract and monitor eligible startups across Africa, the 18 winners go on to pitch in front of an international crowd at the summit in April this year. "We couldn’t be more excited for these entrepreneurs and want this event to play a part in accelerating a pan-African innovation ecosystem and entrepreneurship community," Seedstars World stated in a press release. 18 African startups were selected to pitch at the Seedstars Global Summit The 18 startups, along with others...

  • How to get more out of the local startup ecosystem

    Creating a startup is one of the hardest things that anyone can undertake and finding support used to be a daunting task. However, that has changed over the past few years with more and more resources cropping up for entrepreneurs. During the recent Techstars-4-A-Day event, which was held at the Rise hub in Cape Town, four panellists spoke about the local ecosystem and how entrepreneurs can leverage information from it. Barclays Rise and its focus on fintech The ecosystem manager for Barclays Rise in Africa, Camilla Swart, opened with a few words about the organisation as well as what it looks to...

  • Top startup events in South Africa, Africa you should know about this week [30/01/2017]

    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...

  • 6 tips from SA startup pros on raising funding

    Funding your startup is one of, if not the most crucial part of creating the company. While bootstrapping may be ideal for a number of entrepreneurs, it isn't always possible, meaning they will need to raise money from VCs or Angels in order to get things off the ground. Like anything related to humans, it's possible for entrepreneurs to jepordise their chances of actually raising funding. At the recent Techstars-4-A-Day event, which was held at the Rise hub in Cape Town, Alexandra 'Alex' Fraser (Silicon Cape) and one of the founders of Yoco, Carl Wazen, gave the audience some tips...