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All posts tagged "fintech"

  • Ugandan fintech wins Best Catapulter Award at Catapult: Inclusion Africa

    Ugandan micro-pension service and e-wallet platform Four One Financial Services has won the Best Catapulter Award from Catapult: Inclusion Africa, a bootcamp on financial inclusion organised by the Luxembourg House of Financial Technology (LHoFT) Foundation. In a statement today (20 November), the LHoFT Foundation said Four One Financial Services founder Livingstone Mukasa's final pitch -- which focused on pioneering innovations in social security for Uganda’s citizens -- had "captured the imagination" of the expert jury at a final pitch session and networking event held on 9 November when the programme concluded. Mukasa (pictured above) received €5000 prize money and entry into the 2019 African Microfinance Week. Four One Financial Services...

  • Pick a sector, add internet and your firm could be worth millions [Opinion]

    Given all the press, you would be forgiven for thinking that startups were have only become a thing in the last 20 years. The reality is that startups have existed in all shapes and forms since the beginning of time. Some fail and some are the big companies we know today. But it really is different this time. And the reason is because this new wave entrepreneurship is far bigger than ever before, and it’s been driven by the internet revolution. In the past it was unheard of that young university graduates would go on to create billion-dollar companies. It’s because of the...

  • What the fintech revolution means for financial inclusion

    From Artificial Intelligence (AI) to blockchain, emerging technology is quickly changing both how we think about finance and how we access it. Fintech is rapidly innovating, and with a growing number of predictions about what it will mean for the future of business, company owners and entrepreneurs are taking note. The funding problem While 2017 saw a surge in the emergence of new fintech startups, 2018 has brought about a maturing in the market as these products roll out and become more widely adopted across industries. They have become particularly impactful for small-to-medium sized businesses and startups, where technology is helping...

  • Explore Data Science Academy, Alphacode seeks aspiring SA fintech entrepreneurs

    Do you have an idea that could make you South Africa’s most successful fintech entrepreneur? Are you looking to acquire the skills to launch a data-driven fintech business? Then Explore 10X is looking for you. The Explore Data Science Academy (Edsa) and Rand Merchant Investments (RMI) fintech division, AlphaCode, have announced a 12-month data science and business skills programme for 20 aspirant South African future fintech entrepreneurs. Successful candidates will go through an intensive six-month data science-training programme, where they will learn how to design a 10X business along with the core digital skills needed to build a fintech organisation. This...

  • Explore Data Science Academy, Alphacode seeks aspiring SA fintech entrepreneurs

    Do you have an idea that could make you South Africa’s most successful fintech entrepreneur? Are you looking to acquire the skills to launch a data-driven fintech business? A new one-year data science and business skills programme aims to assist aspirant SA fintech entrepreneurs. In an announcement today, the Explore Data Science Academy (Edsa) and Rand Merchant Investments' (RMI) fintech division, AlphaCode, said their Explore 10X programme would assist 20 aspiring SA future fintech entrepreneurs. Successful candidates will go through an intensive six-month data science-training programme, where they will learn how to design a fast-growing business along with the core digital skills needed to build a...

  • SA fintech JUMO closes $52m round led by Goldman Sachs

    SA fintech JUMO today announced the close of an equity funding round of $52-million led by Goldman Sachs. Also participating in the round were Proparco, the private sector financing arm of the French Development Agency (AFD), Finnfund, Vostok Emerging Finance, Gemcorp Capital, and LeapFrog Investments. It comes as in July JUMO founder Andrew Watkins-Ball (pictured above) revealed that the startup had the secured first commitments in the round -- from French development agency Proparco and Finnish development finance company Finnfund (see this story). Those commitments were secured in early June. The startup’s platform helps facilitates digital financial services such as credit and savings in emerging markets. The Finnish development took part in...

  • 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’ [Updated]

    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...