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All posts tagged "fintech"

  • Visa sees major competition as cash, not fintech startups, says digital director

    With cash making up 94% of financial transactions in Africa there is a plenty of opportunity for the fintech sector on the continent -- says John Conlon, digital director at Visa Performance Solutions for Central Europe, Middle East and Africa. “The key message is partnering with fintech (startups). Open platforms and partnerships is the way forward,” said Conlon (pictured above). Speaking to Ventureburn on the sidelines of the Visa Merchant Forum that took place yesterday in Cape Town, Conlon said Visa has created over 100 application programming interfaces (APIs) which fintechs could access. An API is a tool that allows developers to access the IT...

  • SA fintech company Electrum selected for Gartner Aspiring Innovators Programme

    South African fintech company Electrum, which specialises in payments technology, has been selected to participate in the Gartner Aspiring Innovators Programme. The programme aims is to highlight innovative providers of enterprise technology to attendees of the Gartner Symposium/ITxpo Africa 2017, which is being held in Cape Town from Monday to Thursday next week (18 to 21 September 2017). Over 1000 chief information officers and senior IT executives from around the world are expected to attend. In a press release today Dave Glass (pictured above), managing director of Electrum, said he is "thrilled" to be participating in the programme. "The selection by Gartner demonstrates the interest and demand...

  • Switzerland’s F10 launches call for fintech, regtech, insurtech startups

    Swiss accelerator F10 today launched a new call applications for its P2 programme. The call is open to all startups in fintech, regtech, and insurtech. Potential candidates for next years first round of P2 have until 15 December this year to submit their application to the accelerator, the accelerator said in a press release. The programme will start on 5 March 2018 and will run until 23 August the same year. The accelerator said this year's programme has proved to be an "enormously" successful year, with many of the startups graduating with flying colours. Swiss accelerator F10's call is open to all startups in fintech, regtech, and insurtech Markus Graf...

  • SA’s Rehive launches Shopify-type platform for fintech apps

    South African fintech startup Rehive -- which aims to become the Shopify for small companies to build their own fintech apps -- has launched a new platform and series of off-the-shelf products. Rehive's platform allows developers to build, launch and scale their own fintech applications without needing to build the core technology from scratch. Speaking to Ventureburn last week, the US registered startup's co-founder, SA-born Helghardt Avenant, (pictured above, right, with co-founder Michail Brynard) said the startup hosted two hackathon events in Cape Town last month, which attracted about 25 participants in all. The startup plans to continue hosting a hackathon a month for the rest of the...

  • Q&A: Report details fintech’s explosion across African continent

    Africa has seen a boom in fintech in the last two years, with 301 startups now active in the sector on the continent, a report released earlier this month by Disrupt Africa reveals. Ventureburn asked Disrupt Africa co-founder Tom Jackson and co-author (along with Gabriella Mulligan) of Finnovating for Africa: Exploring the African Fintech Ecosystem Report 2017 to share some of his thoughts on where fintech is going in Africa. Ventureburn: What are some of the most surprising things you have uncovered in fintech in Africa in the last two and half years? Tom Jackson: There are plenty of things that obviously don’t surprise us, such as the fact...

  • Investors are a driving force in shaping Africa’s entrepreneurial ecosystem

    If we look at the startup landscape in Africa (and read the press) it is clear that fintech is one of the fastest growing sectors on the continent. The African Tech Startups Funding Report, released in January by Disrupt Africa found that in 2016, 29.6% of startup investment in the region went to fintech companies. Read more: Report: African tech startups receive funding boost in 2016 This $55-million sum is a clear indication that there is energy and ambition among entrepreneurs and innovators for fintech -- and significant appetite from investors. However, fintech is only part of the picture. The entrepreneurial base has rapidly grown...

  • 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...

  • Africa regional conference to spotlight future financing solutions

    Over 500 financial representatives from more than 45 countries will next month come together for three days to tackle various issues affecting African businesses when secure financial messaging service Swift hosts its African Regional Conference (Arc) in Abidjan in the Ivory Coast on 16-18 May. The conference will take on the theme of "Financing for the future" and will also look at how African countries can diversify their economies to promote more sustainable growth. "Holding the Swift African Regional Conference in Côte D’Ivoire (the Ivory Coast) illustrates the strength and stability of the country’s economic and business environments and the dynamic role it is playing in Africa’s development," said the...

  • Dubai authority opens call for fintech startups to join acccelerator

    The Dubai International Financial Centre (DIFC) is calling for applications for its Fintech Hive. Applicants have until 28 May to apply. The 12-week programme aims to accelerate startups within the early and growth stages by providing them with insights and exposure to top financial institution executives. Selected participants will have the opportunity to develop and test their products and solutions in collaboration with senior financial representatives. These include representatives from the DIFC Authority, Accenture, Citi, HSBC, Standard Chartered, Visa, Emirates NBD, and Mashreq. "The FinTech Hive at DIFC will connect innovators in financial services technology with the banks, financial institutions and service providers within our dynamic ecosystem...

  • ‘Fintech startups in Middle East, North Africa raised $100m last decade’

    Fintech startups in the Middle East and North Africa have raised $100-million over the last decade, yet 28% fail in their initial years, says a new report by business support organisation Wamda and online payment gateway Payfort. Released last month the report, titled State of Fintech: Unbundling the financial service sector in MENA, estimates that about $50-million in investments are expected to go to fintech startups in the Middle East and North Africa (MENA) region this year. The region was home to 105 fintech startups by the end of 2015 (see featured image), with half of these having been launched since...