• 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!
  • 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...

  • 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...

  • 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...

  • m.Labs partners with major hubs across East-Africa

    Startup accelerator m.Labs has announced a partnership with major tech hubs that support SMEs within the digital and ICT sectors across East Africa. The partnership is in preparation for the Traction Camp Programme, a six-month regional acceleration programme which aims to provide startups with sufficient skills and knowledge to scale their business. Traction Camp will aim to provide startups with the ability to be global competitors, as well as to become growth-orientated business within the mobile and digital markets. The programme, supported by the World Bank Group's Infodev initiative, will collate the best entrepreneurs and startups across East Africa to attend the Traction Camp...

  • Tickets now available for next Simodisa Venture Train

    Tickets are now available for the Global Entrepreneurship Congress Venture Train, which takes place from 16 to 17 March. Starting in Johannesburg and heading to Cape Town, and taking place on the Shosholoza Meyl Premier Classe Train, the event is geared towards international and local entrepreneurs, VCs, and those in the startup ecosystem. The agenda will consist of keynotes, networking, discussing innovations, "building a global Venture Capital village" and more. The event is created by SiMODiSA, which was founded by managing director, Matsi Modise. This is the fourth Venture Train event, with the previous one being geared towards fintech. For more information visit the Simodisa Events...