Africa, Ecommerce, News

Kaymu Nigeria launches new schemes to improve quality and performance

Kaymu One of the most common obstacles for online shopping in Africa is fraud or the fear of fraud. To enable a system that promotes legitimacy or implementing incentives that help sellers gain the buyers' trust, online marketplace Kaymu Nigeria has recently launched its Seller Referral Scheme and Seller Pathway programmes. These enable Kaymu’s users to earn money without selling any products, sellers to increase their overall performance and the platform to improve its overall traffic as well as quality. With operations ...

Emerging Markets, Startup news

InVenture raises $1.2-million to help serve emerging markets’ underbanked

InVenture InVenture is a credit score for anyone with a mobile phone. In order to expand its phone-based personal finance software, InSight, which generates financial identities and credit scores for the underbanked in South Asia and Africa, the startup has recently raised US$1.2-million. According to the startup, there are an estimated 4.5-billion people without formal credit scores in the world. In order to help this underbanked market, InVenture is aiming to meet the demand of the majority of people based in South ...


Startup governance and the transition from craft to enterprise

Copycat innovation When choosing to go into business, the majority of individuals often make this decision in order to move away from a ‘job’ and towards the freedom and opportunity that the concept of being ‘in business’ carries. However, they do not realise that there is a critical difference between creating a business that will function as a craft, and creating a business that functions as an enterprise. In my view, most SMME owners are simply craftsmen and women who own a job, ...

Africa, News

iLearn offers new online adaptive training platform for businesses

elearning We all know there's a lot of hype and hope concerning innovative elearning applications for African school students and abroad but what about online learning solutions for businesses? South African IT training provider iLearn provides businesses with both on-site and online IT training solutions. The company has been around since 2001 and has now recently introduced the popular elearning platform UpsideLMS to be included in its offering to help organisations manage their own blended learning. iLearn offers online and on-site courses ...

Africa, Ecommerce, News

Popular deals app Vouchercloud touches down in SA amidst ecommerce boom

Vouchercloud Telecom giant Vodacom announced the launch of Vouchercloud in South Africa recently -- the popular UK app that allows you to locate a variety of geo-located deals and vouchers. This recent move demonstrates the growing interest in Africa's developing ecommerce industry. The app uses your smartphone's GPS to pinpoint your location while it searches for all relevant discounting retailers in the area, displays the deals and then guides the customer to the shop's front door using the smartphone's digital ...

Africa, Startup news

Nigerian mobile security startup secures up to $10m in funding round Nigerian financial security app, i.Sec, has closed a US$10-million funding round with local private equity firm Synergy Capital, according to the company website. "...Synergy Capital, a Lagos, Nigeria financial advisory firm, and i.Sec are pleased to announce that they have entered into an Investment Agreement of up to US$10 million." The startup has been operating in stealth mode for a while now, but is ready for its public launch in May. The actual terms of the deal is quite hush-hush and we ...

Africa, Entrepreneurship, Startups

17 of our favourite tech startups recognised by Cape Town #WDC2014

WDC2014 Follow the #WDC2014 hashtag, or if you're not technically inclined, just look out for the massive yellow circles dotted all over South Africa's Mother City and you'll notice the exciting initiatives supported by the Cape Town World Capital of Design 2014 vision. In an attempt to promote design, culture and innovation, the City of Cape Town has recognised hundreds of outstanding projects, startups and events in and around the city. Living up to this year's prestigious World Capital of Design award, ...

Emerging Markets, Startup news, Venture capital

Azimo closes $10m Series A fundraising deal to fuel emerging market expansion

azimo logo Azimo, the clever UK-based FinTech startup that enables international money transfers through novel ways, has closed a US$10-million Series A funding round led by Greycroft Partners. Accion’s Frontier Investments Group,, TA Ventures, RI Digital Ventures and KRW Schindler Investments also took part in the round. The startup will use the money to accelerate its European expansion and target other key markets in North America and Asia. Emerging regions, which host an estimated two and a half billion unbanked consumers, are ...

Africa, Startups

Obami launches mobile education initiative, puts tutors in your pocket

Obami South African social learning platform Obami has recently announced the launch of its new mobile tutoring service, Obami Tutor. The initiative aims to help connect learners to qualified mentors using their mobile phones. The company believes that private tutoring can help solve South Africa's education system, which is ranked among the worst in the world. Traditional tutoring can help but it's incredibly expensive and can become a logistical chore -- this is where Obami's cheaper mobile option comes in handy. A group of ...

Entrepreneurship, Startups

What SA’s new employment tax means for your startup

Taxes Around 50% of South Africans under 25 years old and of working age are unemployed. This situation, which has persisted for many years, has dire implications for the country’s future unless it is reversed. Numerous international studies show that school leavers who do not find jobs within a couple of years become virtually unemployable and contribute to social instability. This reality has prompted Government to put a Youth Subsidy in place to alleviate the problem, after years of debate and ...