TrustPay wants to bridge the disparate islands in the mobile payments space

TrustPay The mobile payments space is booming. In Africa, pioneering systems like MPesa are still going strong, while the likes of Snapscan and FlickPay are gaining traction among smartphone owners. Internationally meanwhile, the entrance of Aplle into the space is only likely to accelerate acceptance and innovation. For the most part however, the various apps used remain fairly disparate and, in many cases, limited by national borders. A new play by Cape Town-based company TrustPay is looking to change that. Aimed ...

Africa, Entrepreneurship

Safaricom announces new $1-million venture fund for Kenyan startups

Kenya Kenyan startups seem to be treading on fertile grounds. Kenyan operator, Safaricom, has revealed a US$1-million venture fund aimed at assisting the development of mobile applications in Kenya. The fund has been set up for two years with possibility of extension and will be offered to mobile ICT startups based in Kenya. This will be done through equity investment in their business or in the form of other debt instruments. According to Safaricom, startups will be eligible to receive amounts between ...

Entrepreneurship, General Tech

Disrupting the digital engagement model for competitive advantage

Ripple The following article is written by Andre Hugo who is co-founder and CEO of micro-jobbing service M4JAM. With over 22 years of business startup experience, the article reflects on his experience at M4JAM with Hugo discussing the importance of disruption for digital engagement. Digital disruption is often spoken about, but rarely seen. Companies like Wikipedia, Uber, AirBnB, and eLance are often cited as digital disruptors but very seldom emulated. Yet when you look into the business models of these companies, they ...

Entrepreneurship, News

Community-based Bandwidth Barn incubator comes to Khayelitsha

The Barn Woodstock's Bandwidth Barn by The Cape IT Initiative (CiTi) is one of the most important tech hubs for Cape Town, South African-based entrepreneurs, techies, designers and the like to meet-up, exchange ideas, host events and work on their startups. CiTi has just announced a Proof of Concept of The Barn in the Western Cape township, Khayelitsha, to support the local community's needs. Built on similar infrastructure of its counterpart in the city, The Barn in Khayelitsha will be community-based, which means ...

Ecommerce, News

Jumia ‘acknowledges success’ after just raising a nice fat $150 million

Jumia Jumia, which launched in only two years ago in Lagos, Nigeria, has just announced a new round of investments amounting to a fat €120 million (about US$150-million). These investments, which were made by existing shareholders, are said to strengthen the company's position as the leading online retailer in Africa. With the additional funding, the company is now valued at €445-million. Backed by the likes of German incubator Rocket Internet and Milicom through Africa Internet Group (formerly Africa Internet Holding) and ...

Startup news

Uber offers on-demand barber service to celebrate Movember’s end

hipster dog mustache In the midst of Movember, a few misplaced hairs can mean the difference between a perfect mustache and a gorilla's chin Perhaps that's why on-demand car service Uber is offering a new service that aims to keep chins and upper lips in top shape. Sponsored by EDGE for Men -- a local male grooming service -- Uber users can now request a barber for an on-site, at home snip and shave. To transport your personal barber to your door for free, all ...


US VC firm Founder Collective among Hellopeter’s new owners

Hellopeter Yesterday, Ventureburn sister site Memeburn reported that Hellopeter founder Peter Cheales had stepped down from his position at the head of the company following a 100% acquisition by a group of entrepreneurs. At the time, the parties involved couldn't give any details around who that group of entrepreneurs was, but it was today revealed that the group buying out the customer service site includes a number of local and internationally-based entrepreneurs. The new shareholders include Founder Collective, a venture capital ...


Dragons’ Den SA episode 10: cocktails, bog roll and abattoirs

Dragons Den SA 10 One of the things that's become abundantly clear as the first season of Dragons' Den SA has progressed is that, unless you've got an incredibly good business idea and some serious numbers to back you up, you won't get far if you're pitching to the wrong people. Now, the dragons have wider array of expertise than most VC panels you'll come up against but, as many of the pitchers in this season have learned, they simply don't have it all. ...


Be wary of being an entrepreneur for too long

watch-498248_1280 I can't tell you how relieved I was to reorganise my priorities at the end of 2013 and simply say 'no'. No more entrepreneurship events, no speaking or writing engagement unless I'm paid for it and very, very little time spent on the entrepreneurship scene. In short, I've cut down on so many unnecessary things in just one part of my life, that there is now ample time to pursue those interests I've always had and never had the time ...

Ecommerce, Mobile, News

New ecommerce site Zwipit wants your old phone for cash

Zwipit South Africa has a lot of phones. With a mobile penetration rate exceeding that of the population by almost a third, one can easily imagine a good amount of old Nokias and Blackberrys lying around in people's drawers, forgotten and gathering dust. It's then to no one's surprise that a mobile-phone recycling startup has finally reached the country's shores. Founded in 2011, Spanish company Zwipit has launched in nine other markets so far in its mission to buy second-hand phones, refurbish ...