Emerging Markets, Startup news, Venture capital

Azimo closes $10m Series A fundraising deal to fuel emerging market expansion

azimo logo Azimo, the clever UK-based FinTech startup that enables international money transfers through novel ways, has closed a US$10-million Series A funding round led by Greycroft Partners. Accion’s Frontier Investments Group, e.ventures, TA Ventures, RI Digital Ventures and KRW Schindler Investments also took part in the round. The startup will use the money to accelerate its European expansion and target other key markets in North America and Asia. Emerging regions, which host an estimated two and a half billion unbanked consumers, are ...

Africa, Startups

Obami launches mobile education initiative, puts tutors in your pocket

Obami South African social learning platform Obami has recently announced the launch of its new mobile tutoring service, Obami Tutor. The initiative aims to help connect learners to qualified mentors using their mobile phones. The company believes that private tutoring can help solve South Africa's education system, which is ranked among the worst in the world. Traditional tutoring can help but it's incredibly expensive and can become a logistical chore -- this is where Obami's cheaper mobile option comes in handy. A group of ...

Entrepreneurship, Startups

What SA’s new employment tax means for your startup

Taxes Around 50% of South Africans under 25 years old and of working age are unemployed. This situation, which has persisted for many years, has dire implications for the country’s future unless it is reversed. Numerous international studies show that school leavers who do not find jobs within a couple of years become virtually unemployable and contribute to social instability. This reality has prompted Government to put a Youth Subsidy in place to alleviate the problem, after years of debate and ...

Africa

In startups we trust: Africa and its ‘silent’ rise to stardom

africa growth It's starting to get redundant to say tech is big in Africa. Of course tech is big in Africa. Tech is big everywhere - it's our favourite toy right now. A few weeks ago, I was hanging around Social Media Week in Lagos, Nigeria and what really stood out for me is not that tech is big, but that Africa's tech explosion is facing some challenges. The questions people are starting to ask aren't around the number of apps the continent's ...

Africa, News

Big data, pet food and dating: these are 88mph’s 7 chosen SA startups

88mph From a pet food delivery service to an innovative social mingling site and business analytics, African startup accelerator and fund programme 88mph has recently announced the seven South African startups taking part in this year's programme. Out of a massive 300 applicants, the accelerator finally narrowed the list down to include diarize.me, Catch, Pet Heaven, Ekaya, Graphflow, Byte Money and 8Bit. Most of these startups are mobile and web oriented and will receive investment, access to business networks, technical infrastructure, workspace and mentoring, ...

Entrepreneurship, Innovation

Living in the future: why imagination is our most important resource

Imagination A sophisticated pill bottle that harnesses the internet of things by glowing when medication is required, failing which an audible alarm is activated, before finally sending a text message to a designated person to ensure that chronic medication is never missed; A unit to process sewerage in a way that harvests methane, water, biomass and nutrition for growing food; A shopping cart that automatically calculates the cost of items through sensors as goods are placed in the cart; Public sleep ...

Africa

NGOs launch new tool to map water and sanitation in Kenya’s largest slum

Kibera WikiMedia Commons With an estimated 1.2-million residents, Kibera is Africa’s second largest and one of the biggest slums in the world with some of the poorest living conditions. It’s degrading and dehumanising to live there, amidst abject poverty, drugs and periodic violence and contagious diseases. The worst problem, however, is access to water and sanitation facilities. A new partnership between US’s Kounkuey Design Initiative (KDI) and Nairobi-based Spatial Collective and Nairobi City Water and Sewerage Company is developing an online map to help ...

Africa, Infographic, Startup news

Waabeh shows snapshot of Africa’s music streaming industry [infographic]

Waabeh Online music streaming has been booming ever since iTunes was released more than a decade ago. With African content for Africans in mind, services such as Nigeria's iRoking and Kenya's Waabeh are steadily increasing their online footprints, not only in their respective regions, but internationally as well. The latter recently released an infographic of its performance in the last year, which gives us a snapshot of what the African music streaming industry might look like. Since launching in 2013, ...

Africa, Startup news

Jumia now offering budget-friendly X-touch tablet in Nigeria

Jumia Jumia is one of Nigeria's largest online retail stores and offers a range products from women's high-heels to cheap smartphones and books. To further help prove itself as a leading electronics store, the ecommerce outfit recently announced that it will be exclusively stocking the cost-friendly yet capable X-touch tablet. The X-touch is said to be one of the best tablet brands currently available in Nigeria with specifications to fit a wide range of tablet users. The tablet is available in ...

Africa, Cloud, Startups

StartSmart wants to put SA startups on a budget in the cloud

StartSmart With the evolution of cloud services over the years, entrepreneurs from across the world can compete with each other by simply having access to the internet. Cloud services may have their perks, although having access to the skills to adequately develop innovative internet-based products and services is either scarce or too expensive for your average SME -- especially in emerging markets. With a focus on startups in Africa, StartSmart offers turnkey software solutions to other companies that don't have the adequate ...

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