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  • Why we rejected $100k in funding when we had next to nothing in the bank

    I started my first business at the age of 16, selling products door to door. Since then, I have acquired over 10+ years of experience in entrepreneurship, marketing, and businesses dev across industries like EdTech, E-commerce, and many others. And now, in 2016, with a renewed focus, me and my team have founded a fashion tech startup, GetNatty, that provides an online platform to represent the creative and hidden talent of young and emerging fashion designers so we can make designer fashion affordable for the masses.Earlier this year, my team was offered US$100 000 (or INR 6 million) in funding...

  • Company Office

    Barclays accelerator announces latest participants in African programme

    Barclays Africa Group and Techstars today released the names of 10 financial-technology (fintech) companies selected to participate in the second Barclays Accelerator programme, powered by Techstars. The successful companies, all focused on providing fintech solutions in Africa, will participate in a 13-week growth acceleration programme at Barclays Africa’s Rise fintech innovation hub in Cape Town from mid-May. The 2017 programme participants are: Flexpay (Kenya), Howler (South Africa), Spatialedge (South Africa), Abe.ai (USA), The Sun Exchange (South Africa), Byte Money (South Africa), Avenews-GT (Israel), FOMO Travel (South Africa), Kapitalwise (USA) and eCOIDA (South Africa). Yasaman Hadjibashi, chief creation officer at Barclays Africa Group, said:...

  • Innovate For Life announces three winning startups

    The Innovate For Life campaign held by AMREF Health Africa in partnership with Takeda Pharmaceuticals and Nailab has found three winning SMEs. The programme called for SMEs offering unique solutions to address the issue of maternal mortality and infant loss (in Africa and also across the globe). It received 117 applications which were narrowed down to just 15 -- these company founders then attended a two-day hackathon. It's from this hackathon these winners emerged: HelpMum -- A social SME that focuses on preventative measures, using mobile technology to reduce infant mortality. Chanjo Plus -- A mobile service which offers a platform for users to manage their vaccinations...

  • SA ranked as a top entrepreneurial nation [report]

    According to the newly issued Entrepreneurial Ecosystem of South Africa: A Strategy for Global Leadership Report, SA is one of the top countries in Africa for entrepreneurship. SA was ranked number two out of 30 countries in the sub-Saharan African region. It was also ranked 55 out of 137 countries surveyed globally, which was followed by Namibia, Gabon, and Ghana. The report was created by the Global Entrepreneurship and Development Institute (GEDI) and SEA Africa. It was commissioned by the Allan Gray Orbis Foundation and the South African Breweries (SAB) Foundation. According to the press release, the report was not only issued in...

  • Pargo secures over R15m investment, adds new board member

    Logistics and fulfilment company Pargo, announced it has secured an R15-million round of funding for expansion and development purposes. The round was led by SAAD Investment Holdings, along with Beijing-based VC firm, Tsing Capital, and co-founder of Pay-U, Johan Dekker. "We are very pleased with the quality and endorsement of our new shareholders, and the possibilities of accelerating our expansion, as well as adding new services that these new funds open up for us," write directors and co-founders Lars Veul and Derk Hoekert (both pictured above), in a press release to Ventureburn. Along with the investment announcement, the CEO of SAAD Investment Holdings, Johan...

  • Events platform Eventerprise welcomes new investors for expansion

    Events platform, Eventerprise, which has an operational hub in Cape Town, has signed on three more international business leaders to their existing group of early-stage investors. This addition will aid in its plans for global expansion. "This shows that there’s a definite groundswell of support from the international events and business community for what we are trying to achieve, which is making the global events industry a more transparent and easier place to do business in," said the Eventerprise co-founder, Charlie Wright, in a press release. "It is especially gratifying to receive this level of endorsement from individuals with great insight into...

  • Game-changing lessons African startups can learn from Snapchat’s IPO

    On March 2, Snap Inc, the company that owns messaging app Snapchat, was officially listed on the US stock market for US$17 per share – a feat that was described as the biggest since Facebook went public. With the initial public offering (IPO), the company was valued at US$24-billion while founders Evan Spiegel and Bobby Murphy became multi-billionaires. Not many knew one tiny but crucial piece of information about the achievement: the company has yet to make profit. It also had an arguably bigger problem in that its young users are unhappy and are switching to other apps, such as...

  • CiTi, FinTech Circle to launch ‘FinTech Academy Africa’ in SA

    The FinTech Academy Africa, a joint initiative by FinTech Circle and Cape Innovation and Technology Initiative (CiTi), is set to launch in SA on 24 and 25 April, in Johannesburg. The academy is geared toward CEOs and the like who have a limited amount of time on their hands, but who still would like a deeper understanding of best practices in fintech. The two-day curriculum has been designed to deliver a comprehensive understanding of important areas surrounding fintech in a short amount of time. CEO of CiTi, Ian Merrington commented on the joint effort in a press release to Ventureburn. "Board directors and...

  • Top startup events in South Africa, Africa you should know about this week [20/03/2017]

    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...

  • Venture Capital continues to grow in SA

    Interest in SA venture capital (VC) has seen steady growth. This growth in interest could translate into expanding opportunities for investors as well as entrepreneurs, according to the CEO of the Southern African Venture Capital (SAVCA) and Private Equity Association, Tanya van Lill, who commented on the Global Entrepreneurship Congress. "South Africa's venture capital (VC) ecosystem is evolving, with more fund managers entering the industry and growing investor interest in the asset class. This increased activity is generating positive spinoffs for local, innovative entrepreneurs seeking funding," said van Lille in a press release to Ventureburn. SAVCA recently launched their VC Survey, tracking...

  • Reel Gardening takes home Agripreneur of the Year Award

    South Africam gardening startup, Reel Gardening has taken home the prestigious Agripreneur of the Year Award at the Future Agro Challenge (FAC) held in Johannesburg. Founder of Reel Gardening, Claire Reid bested eight other competitors in a live pitching competition. Last year's winner, Nicolás Morelli commented on Reid's victory. "Winning the championship opened many doors for me and I look forward to seeing what Reid will achieve being propelled from this platform," in a press release to Ventureburn. As the winner of the competition, Reid will be receiving ongoing mentorship, partner possibilities, as well as the chance to expand her business into different markets. Reel...