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  • Zoona lands two international accolades including Africa Best Employer Brand

    Fintech startup Zoona has had an "incredible" year, the company's marketing head Lelemba Phiri said this week. It follows two recent international accolades the startup received. The company won Africa Best Employer at the 2017 Employer Branding Awards, held earlier this week on Tuesday (5 December) in Le Meridien, Mauritius. In addition, the company's marketing head was also recognised as one of the top five most influential global marketing leaders at the World Marketing Congress, which took place between 24 and 25 November in Mumbai, India. In a press release Phiri said the company appreciated the accolades as they "fuel our fire to keep striving". "Through the...

  • Company Office

    Why all fintech startups should consider joining a global innovation hub

    Entrepreneurs in the fintech space have been shaking up the banking industry for a number of years and their impact continues to grow, making it imperative to collaborate with the startups that are helping to shape the future of financial services as we know it. Stories of entrepreneurs who "cracked the code" in the basement and became overnight billionaires are plentiful, but in most cases, a great idea is only half the battle won. And in most cases, successful entrepreneurs have to invest time and money over long periods to get an idea off the ground and through to execution...

  • SA’s Wealth Migrate to launch $30m ICO aimed at global property

    South African based global real estate platform Wealth Migrate plans to run an initial coin offering (ICO) early next year, to raise $30-million in an offering that will allow investors to invest in global property portfolios. Speaking to Ventureburn yesterday, the company's founder and CEO Scott Picken said the ICO will allow investors to build "real wealth". "People are getting tired of ICOs with wasteful dreams and want it (the tokens) to backed by something tangible," he said. Picken wasn't able to confirm a date when the ICO will open to investors, but was able to say that the ICO will be run through a...

  • German accelerator F-Lane opens call for third cohort, deadline in two weeks

    Berlin-based accelerator F-LANE -- which focuses on tech-startups that empower or are run by women -- has opened calls for applications to its third cohort. The accelerator's main backer, the Vodafone Institute, stated in a press release that applications to the F-LANE's third cohort -- set to kick off next year in March -- will close on 20 December. F-LANE's seven-week long programme aims to promote participation by women in technological development. The accelerator, which is run in partnership with Impact Hub Berlin and the Social Entrepreneurship Akademie, will select five startups from around the world that have innovative solutions to social problems. The selected startups...

  • Travelstart acquires majority stake in accommodation site SafariNow.com

    SA travel booking company Travelstart today announced that it has bought a majority stake in Cape Town-based SafariNow.com -- South Africa's largest accommodation booking website. Travelstart founder and CEO Stephan Ekbergh was not immediately available for comment, but in announcement by Travelstart in a press release earlier today the company said it would not disclose terms of the acquisition. It follows the news in February last year that the company had secured $40-million from Amadeus Capital Partners and MTN. Read more: Travel booking site Travelstart lands $40m, asserts investor confidence SafariNow.com, which was founded in 1999 (the same year as Travelstart -- before the firm later moved from Sweden to South Africa), lists accommodation over...

  • SA born Clickatell honoured at 2017 Messaging and SMS World conference

    South African born Clickatell has been recognised as the best SMS / A2P (application to person) messaging provider in Africa at the 2017 Messaging and SMS World conference, held last month. The news was revealed today in a press release from Clickatell. The winners of the prize were selected by a team of independent judges from the detailed information submitted by dozens of entrants, along with testimonials from their customers. The company, which created the first Global SMS Messaging Gateway and is now one of the largest global mobile text messaging enablers, is today headquartered in Silicon Valley. It was founded in 2000 by South Africans Pieter de...

  • Co-working space Craft + Graft to link San Francisco, Cape Town creatives

    Cape Town is set to get a new co-working site, with the expected opening tomorrow of Craft + Graft, which claims to be the city's first co-working space with a twin site in San Francisco. The new co-working space, which will be based in Dunkley Square in Gardens, Cape Town, is set to officially open tomorrow evening, during the city's monthly First Thursday event during an art exhibition to showcase its community programme. Located at 2 Gordon Square, Craft + Graft offers 51 desks in a newly remodeled building, at a cost of R2100 per seat per month, with uncapped internet, shared kitchen, shower, and coffee service. Craft +...

  • SA entrepreneur Vinny Lingham joins US cryptofund Multicoin Capital as partner

    South African entrepreneur Vinny Lingham has joined US cryptofund Multicoin Capital as a general partner. The fund, which invests in blockchain tokens, made the announcement yesterday. The company said the announcement closely follows the official launch of a planned $100-million fund, and the addition of Brian Smith as Chief Financial Officer in September. "Vinny Lingham is a South African entrepreneur and the co-founder and CEO of Civic, a global decentralised identity platform that leverages blockchain technology and recently completed a $33-million token sale. "Lingham is also the co-founder of Silicon Cape, an NGO based in South Africa, and is a prominent investor. He is...

  • Here are the 40 Gazelles that aim to take a leap in Seda programme’s 2nd cohort

    A company that sources high quality foam and rubber component, a charcoal and briquettes manufacturer, a farming co-operative and a corporate shuttle service -- these are just four of the 40 participants in the second cohort of the South African government's National Gazelles programme. The programme, which is run by the Small Enterprise Development Agency (Seda), aims is to grow the value of each of the 40 participating small businesses by 20% over the next three years. The names were announced by Small business development Minister Lindiwe Zulu on Friday (1 December) -- about five months after the second cohort kicked off in June. It...

  • Being chosen by UK accelerator ‘validates product-market fit’ – GoMetro founder

    Coming hot off the heels of revealing that his startup aims to launch a new service that will compete with Uber and Taxify, GoMetro's founder Justin Coetzee says being accepted into the UK's Intelligent Mobility (IM) Accelerator, validates his startup's "product-market fit". The SA smart mobility startup was last month chosen as one of is one of six startups from across the UK (the SA startup has an office there) for the IM Accelerator based in Milton Keynes. The IM Accelerator -- a partnership in the UK between Transport Systems Catapult and Wayra UK -- aims boost high-growth startups in the mobility sector. During the 12-month accelerator programme GoMetro will be...

  • Q&A: So you want to run an ICO? Just make sure you have a cool R1m at hand

    Okay, so you want to raise millions of dollars through an initial coin offering (ICO)? It seems easy enough, with literally thousands of ICOs being run each month. Not quite, says Llew Morkel. His startup Prosperiprop may have raised "over $200 000" in an ICO which closed last week (30 November), but it didn't come easy. "An ICO can set you back R1-million before you have sold a single token. And there is no guarantee of success," says Morkel. In a wide ranging Q&A with Ventureburn, Morkel outlines what South African entrepreneurs specifically (but not exclusively) should know about in preparing to run an...