News

The Hope Factory business programme seeks Top 50 SA entrepreneurs

The-Hope-Factory-logo South Africa-based incubator, The Hope Factory, has opened applications for small businesses for its fourth mentorship programme intake. Based in Johannesburg, the Enterprise and Supplier Development Programme is currently looking for 50 entrepreneurs to help small businesses become more sustainable. "At The Hope Factory, we place great value on mentorship as part of all our programmes. We believe that if we can help to grow the individual business owner, or entrepreneur, then the business will be more likely to grow and ...

Mobile apps, Startup news

SA mobile creative startup Over launches much-awaited Android app

Over-android Cape Town-based startup Over has just launched its mobile creative app on Android following tremendous success with its iOS version. The company's flagship app encourages smartphone photographers to express their creativity by accessing dozens of fonts, illustrations by renowned artists, and a bunch of other editing tools. While there are both a free and a paid version available, the Over app has enjoyed more than 9-million downloads by its Apple fans. Today, the premium Android version is available at half-price to celebrate ...

Entrepreneurship

How do investments for startups work in Latin America?

The Americas Even though some fixed terms such as seed capital, angel investment and venture investment are similar in many parts in the world, the reality is that in Latin America, with its particular context and implementation practices, these terms have totally different meanings. Each stage in a startup requires investment; however, investors also impose certain critical requirements. These requirements must be met in time and form by each founder of the region mentioned above in order to obtain a successful investment. 1. Initial ...

Africa, Startup news

iROKOtv unveils international content to meet Africa’s growing market needs

iROKOtv_logo_2014_lightbg_large_comp Africa focused video-on-demand service iROKOtv is unveiling a new international content package, targeting its diverse subscribers throughout the continent. Adding to its existing line-up of Nollywood focused series and movies, the new content categories include international content such as movies Hollywood, Bollywood, and Korea as well as Telenovelas. The Netflix of Africa launched in 2011 and is currently the region's 11th largest Pay TV operator, with plans of becoming part of the top 5 in the near future. iROKOtv secured ...

Africa, Startup news

SA mobile PoS Nomanini scores R4.8-million to help scale internationally

nomanini Operating across Southern Africa and other emerging markets, the Cape Town, South Africa based mobile Point-of-Sale (PoS) startup Nomanini has just received an investment of R4.8-million from the Industrial Development Corporation (IDC). Nomanini is popular for its rather uniquely colourful mobile PoS terminal which gives a merchant the ability to sell airtime, electricity, insurance process other cash based transactions. Aimed at emerging markets lacking modern infrastructures and therefore primarily cash reliant, vendors using the company's hardware help provide critical services ...

Startups

Qurio is on a quest to change the world, one question at a time

qurio South African based startup, Qurio, was born out of a need to improve the education space. Founded by Paul Kim and Gareth Heuer -- the former has a background in actuarial science and the latter in marketing -- the pair went straight into the entrepreneurial space after completing their studies. The team knew they wanted to build something that would help fix the South African education space. After a bit of research, Kim and Heuer found that there's a ...

Africa, Mobile, News

M-Pesa relaunches in SA: refined strategy, massive roll-out

mobile_africa Vodacom's well-known mobile money transfer service M-Pesa is having a second go at South Africa's mobile market. The telecom giant announced that, after two years of assessment, it's relaunching the mobile payment service which is set to transform the way South Africans bank. The Kenyan mobile service was first launched by Safaricom in 2007, where it has proved to be exceptionally popular, with over 70% of the adult population relying on the service. M-Pesa was then introduced in 2010 to South ...

Africa, Ecommerce, Startups

MzansiStore: this Etsy for Africa aims to empower local crafters

MzansiStore-cover A few months ago, MzansiStore successfully raised funds on local crowdfunding site Thundafund in order to support one of South Africa's designers. More than R20 000 was raised to be used for supplies such as a T-shirt printer and screens. The designer now sells her products using an online storefront via MzansiStore to a global audience. This example fits in neatly with MzansiStore's overall focus of providing local entrepreneurs in the craft industry with the tools and skills to help ...

Africa, Mobile, News

Worldreader brings mother-tongue ebooks to feature phones in Africa

worldreader Literacy in empoverished lands is a pressing issue, especially on the African continent. But NGOs and other organisations are looking to eradicate this discretion entirely. The latest partnership formed will see the African division of the Cambridge University Press partner with NGO digital book provider, Worldreader, to make over 390 ebooks available for Africans across the continent for free. Thanks to the dropping price of technology, and increased adoption rates, it's easier to spread educating materials in developing countries. Using the ...

Startup news

First Data buys out Vinny Lingham’s Gyft in $50m+ deal

Gyft Gyft, the virtual gift card service founded by South African-born entrepreneur Vinny Lingham has been acquired by First Data, a big player in the payment technology and services space. Neither party has disclosed the terms of deal, although early Gyft investors have expressed pleasure at the deal. Karlin Ventures managing director TX Zhuo told Pandodaily that it was “a great outcome for everybody involved.” Sources close to the acquisition meanwhile said that the deal was larger than the US$54-million it ...

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