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All posts tagged "fintech"

  • Egyptian fintechs score with sandbox after AUC Venture Lab, Temenos deal

    Fintech startups in Egypt will be able to test their new products and services in a sandbox, following an announcement today that university accelerator AUC Venture Lab will collaborate with banking software company Temenos. The deal was announced in a press release today by Geneva-based Temenos and AUC Venture Lab, which is located at The American University in Cairo . Among other things, the agreement will see Temenos provide a sandbox service to the startups that utilise the accelerator. Over the past five years the AUC Venture Lab has accelerated 115 startups. The sandbox is a non-production cloud-based version of the Temenos T24 core banking system. It will enable startups to...

  • ‘African Fintech Unconference 2018 to provide platform for discussion’

    The second annual African Fintech Unconference (AFU18) -- set to take place next month -- will provide an important platform for discussion and information sharing -- Vahid Monadjem, the CEO of fintech company Nomanini said today. The conference is being convened by African fintech companies Nomanini (South Africa), MFS Africa (South Africa) and Tugende (Uganda). It will be held on 25 and 26 September 2018 at the Spier Wine Farm in Stellenbosch. As with the inaugural African Fintech Unconference held in March last year, this year’s unconference agenda will be guided by African fintech innovators, thought leaders and entrepreneurs. In a press release today,  the three companies said unlike traditional conference...

  • ‘AlphaCode in drive to create pipeline of fintechs to invest in’ [Q&A]

    Joburg based fintech accelerator AlphaCode aims to create a pipeline of fintech firms in which Rand Merchant Bank -- which runs the programme -- can invest in and grow, says the programme's head Dominique Collett. Since it was established in 2015 AlphaCode has assisted 15 black-owned businesses through its AlphaCode Incubate programme with support as well as R13-million in funding. On Monday (30 July) AlphaCode launched a new call for applications for the programme. Read more: AlphaCode calls on black-owned fintech startups to apply to programme Collett (pictured above) tells Ventureburn more about how AlphaCode came about, how businesses can apply to the Incubate programme and what the main challenges...

  • Top five skills in 2018 that entrepreneurs are investing in

    In a rapidly changing business landscape defined by both economic development and technological disruption, it has become crucial for entrepreneurs to continue to upskill themselves in order to keep pace and identify opportunities. GetSmarter, a wholly-owned subsidiary of digital education company 2U, has released findings on the top five skills entrepreneurs are investing in based on trends in the emerging market. Comparing the last two years, GetSmarter courses have attracted more business partners, business owners, founders, and entrepreneurs in the first half of 2018 alone than in the whole of 2017. This trend is likely caused by an increasing need for...

  • AlphaCode calls on black-owned fintech startups to apply to programme

    Fintech incubator AlphaCode is on the hunt for black-owned fintech startups, as well as innovators with ideas that could change the face of financial services to apply to join its AlphaCode Incubate programme. The Joburg-based organisation provides incubation, accelerations and investment vehicle for financial services businesses. The first round of applications for the programme -- which seeks to identify and reward high potential, innovative entrepreneurs in order to boost the development of fintech and financial services in South Africa -- closes on 31 August. In a statement today (30 July), AlphaCode, which is backed by Rand Merchant Holdings (RMI) stated that it will invite 16...

  • Want funding for your fintech? Try the Wells Fargo Startup Accelerator

    If your fintech startup is looking for funding, you might want to apply to the Wells Fargo Startup Accelerator. The six-month virtual accelerator programme is open to startups from around the world and aims to assist those creating solutions for enterprise customers. Potential equity investments of up to $1-million in selected startups are up for grabs. The Wells Fargo Startup Accelerator will provide selected startups with equity investments of up to $1-million Startups involved in analytics, big data, artificial intelligence, mobile, cyber security, payments, blockchain, robotics, digital marketing, Internet of Things (IoT), authentication, wearables, and operations, among others fields will be considered for the programme. Selected...

  • SA fintech Bettr launches alpha version of ‘financial ecosystem’ at MoneyConf event [Updated]

    SA fintech startup Bettr has launched the alpha version of its community-built financial ecosystem today at the annual MoneyConf tech event in Dublin. Bettr -- which aims to go live in the final quarter of 2018 with its alternative banking service for everyday transactional use -- is one of only two South African fintechs to be invited to attend and pitch to heavy-weight investors at the event. The other SA startup that will attend is Johannesburg based cryptocurrency investment platform BitFund. On its website, Bettr claims it will offer a low cost account and app powered by a debit card. "It works like a bank, but with additional features...

  • ‘Visa Everywhere Initiative opened us up to local innovation’ [Sponsored]

    Access to local innovation -- this has been a key driver of the Visa Everywhere Initiative (VEI), where the global payments processor has spent the last three years working with fintech companies to develop cutting-edge products. Says Visa sub-Sahara Africa senior director for digital solutions Geraldine Mitchley (pictured above): "The highlight of the programme, the great thing is it has opened us up to local innovation". The programme was first launched in the US in 2015, and then rolled out to Europe, Asia, Middle East and North Africa as well as Latin America last year. This year it is running in sub-Saharan Africa...

  • How fintechs can help tackle financial inclusion in Africa [Sponsored]

    The year 2016 was a pivotal one for electronic payments as for the first time such payments surpassed the use of cash. The change has taken place on the back of non-traditional players having injected new ideas and technologies into the traditional payments ecosystem, further expanding the reach of digital payments around the world – and increasing consumer expectations for seamless experiences. What has emerged as a result are economies that are increasingly cashless, with an anytime, anywhere commerce mindset. As payments become untethered from a place or point of sale (POS) and become increasingly embedded in apps, devices, appliances and the growing Internet of...

  • Fintech startups can win up to $50k with Visa Everywhere Initiative [Sponsored]

    The fintech industry in the Sub-Sahara Africa region is on the brink of a transformative breakthrough and the time is now to tap into the creative and innovative minds of the startup community. Last month (March 2018) the Visa Everywhere Initiative (VEI) launched in the Sub-Sahara Africa (SSA) region and Visa is looking for startups that are developing various local fintech solutions. The initiative is a global innovation programme that tasks startups to solve commerce challenges of tomorrow and further enhance their own product propositions and provide visionary solutions for Visa’s vast network of partners. Since it first launched in the US in 2015,...