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  • New infographic focuses on Cape Town as startup capital of Africa

    A new infographic has been released which shows why Cape Town is the startup capital of Africa. The report has been compiled with the efforts of the City of Cape Town, Invest Cape Town, Wesgro, CiTi and Silicon Cape. The data has been compiled from a number of resources, such as the FNB Property Barometer, SAVCA 2015 Venture Capital Survey and World Economic Forum Global Rankings 2016. "The resources clearly show why the Cape is the leading tech hub in Africa. It is because of our skills pipeline, which is unmatched on the continent, combined with the quality of life and infrastructure in the Cape, and...

  • Company Office

    Peach Payments and Callpay announce EFT system partnership

    Peach Payments, a leading and one of Africa's fastest growing payment service providers and Callpay, an innovative provider of secure payment solutions announce collaboration to provide automated Electronic Fund Transfers (EFT) as well as secure telephonic payment acceptance solutions. The innovative products will enable millions of South Africans to make instant and secure payments when shopping online or during payment processes over the phone and via call centres. Through this exciting collaboration announced at the 3rd eCommerce Africa Conference, customers will now be able to pay online using their cheque, savings or credit card accounts. Merchants that sign up through...

  • DPO Group to acquire Botswana, Namibia operations of Virtual Card Service

    Online payments service provider The Direct Pay Online Group (DPO Group), has announced the 100% acquisition of the Botswana and Namibia operations of Virtual Card Service (VCS). The complete 100% equity acquisition of VCS's South African operations are still being finalised and will follow at a later date. Ventureburn asked about the financials details of the African deal, though DPO did not want to disclose the amount. "The VCS team have built a leading market position in the Botswanan and Namibian payments landscapes by offering a distinguished suite of services to all organisations requiring automated, high volume and secure card payment processing," says the...

  • Livity Africa, Facebook launch entrepreneurial training programme

    Youth-led NPO Livity Africa, in collaboration with Facebook has launched a digital training programme for entrepreneurs to assist in accelerating their businesses. This partnership between Facebook and Livity Africa expands on the "network effect" of the Digify programme which was launched in SA in 2014 as well as Nigeria and Kenya in 2016. The new development programme will cover three core elements: Digify Prot Startup: A six-week training module for entrepreneurs which helps accelerate the growth of their businesses using digital skills and tools. Boost Your Business: One-day training interventions to assist entrepreneurs with any issues they face. Digify Entrepreneur TTT (Train the Trainer): Is...

  • Seed Academy launches ‘State of Entrepreneurship’ survey

    The Seed Academy has opened up its survey The State of Entrepreneurship in South Africa - The Entrepreneurs View to all SA entrepreneurs to help portray an honest perspective of the entrepreneurial landscape. According to the incubation and funding programme, the survey came about due to high unemployment rates and poor growth related to the current economy. Survey participants could stand a chance to be a part of a one-on-one session with some of SA's leading entrepreneurs. The lineup for the one-on-one sessions includes Gil Oved, Miles Khubeka, and Ian Fuhr. This year, the survey expands the scope and focus from startups to entrepreneurs. According...

  • Reunert acquires majority interests in tech SMEs

    Technology group Reunert, which manages a portfolio of ICT-related companies among electrical engineering and applied electronics firms, has added two more companies to their portfolio. Reunert's first acquisition is a 51% stake in Terra Firma Solutions. The company aims to be a leader in the turnkey energy engineering solutions sector. Their speciality lies in serving predominantly industrial and commercial sectors within SA. According to Terra Firma, the company has already installed numerous rooftop solar energy systems with more than 800 sites covered under their remote energy and water management solutions. Reunert's intention to have a majority stake in Terra Firma was so that the company...

  • Mama Money expands to three more African countries

    Fintech remittance startup Mama Money, has announced aggressive expansion plans into Mozambique, Malawi, and Kenya by April. It has already expanded into Nigeria, Ghana, and Tanzania. The company started off as a money transfer service from SA to Zimbabwe, but has since expanded to include 650 Mama Money agents and 32 000 cash points for consumers to utilise. "In Zimbabwe, through Mama Money’s integration with financial institutions, we are reaching six million mobile wallets and two million bank accounts," says co-founder of Mama Money, Raphael Grojnowski, in a press release to Ventureburn. It has partnered with entities in different countries, such as 25 of the largest banks and mobile...

  • Click2Sure: Groupon co-founder set to take on insurance sector

    Daniel Guasco, the former Silicon Cape chairperson and ex-founding director of Groupon South Africa, has launched Click2Sure, which looks set to disrupt the insurance sector. Guasco is also the co-founder of early-stage investment fund Team Africa Ventures, which is run by himself and co-founder Wayne Gosling. The service stands out from traditional offerings by digitising the distribution as well as the management and administration of insurance. "With Click2Sure, we have simplified the processes and limited the documents and human intervention required, that go together with traditional insurance offerings and have replaced them with a simple, completely customer-centric offering. As a result, we have been able...

  • AgriTech platform GreenFingers Mobile secures €70 000 investment

    AgriTech platform, GreenFingers Mobile (GFM) has announced equity seed investment from The Hivos Food & Lifestyle Fund, to the tune of €70 000 (+R960 000). The startup was established in 2015 as a partnership between SA business accelerator Impact Amplifier and mobile-first technology company, Mobenzi. It uses a Software-as-a-Service Android app to provide management and finance to over 5000 smallholder farmers across three African countries. "The GreenFingers solution is an important tool in enabling ethical supply chains, through the management of large, real-time data sets. We hope that GreenFingers can make it easier for large food companies to work with smallholder farmers, playing a...

  • Kasipedia: startup directory for SA townships

    Kasipedia is a new online directory for SA townships by telecoms startup Maru Telecoms, giving users their own online presence on a platform which caters to localised community interests. It is based out of the Innovation Hub in Pretoria. Some key features on Kasepedia include an encyclopaedia, a business directory, digital school, a dictionary, and more. "We are providing a  platform and a portal, where our communities can narrate their own stories about their day-to-day experiences, history, culture, business and share knowledge about places of interest," said Maru Telecoms representatives in an interview with Ventureburn. The startup, based out of the Innovation Hub in Pretoria, was...

  • ‘Fitbit for cows’ just got into Y Combinator

    Remember the 'Fitbit for cows', the wearable that helped farmers increase milk yields? Well, they just announced that they're part of Y Combinator's winter '17 batch. Cowlar, which started up in Pakistan but is now headquartered in California, builds a tracking wearable that monitors the body temperature and behavior of cows. That allows farmers to detect when the animal is in heat and the best time for insemination. It becomes the second startup from the country to be accepted into Y Combinator – after artisanal shoes startup Markhor did it in 2015. Umer Adnan, CEO of Cowlar, claims the wearable helps increase...