• BURN MEDIA
    • Memeburn
      Tech-savvy insight and analysis
    • Gearburn
      Incisive reviews for the gadget obsessed
    • Motorburn
      Because cars are gadgets
    • Jobsburn
      Digital industry jobs for the anti 9 to 5!

All posts tagged "Nomanini"

  • Financial inclusion never something you can declare victory over – Tugende CEO

    Over the past decade the progress made within financial inclusion has emerged as one of Africa’s great success stories. According to the World Bank Global Findex survey, released in April, the percentage of Africans with access to banking products in Sub-Saharan Africa increased from 23% in 2011 to 43% in 2017. The increase has largely been driven by the uptake in mobile money products. Findings published in May by the International Finance Corporation show that Africa is home to more digital financial services deployments than any other region in the world -- with almost half of the nearly 700 million individual users worldwide. 'Financial inclusion...

  • ‘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...

  • Funding your startup: Ventureburn lists the SA investors delivering [2018 update]

    For entrepreneurs wanting to find early-stage funding, this is the article for you. As there is generally a veil of secrecy surrounding funding and startups, there is often smoke and mirrors in the industry, with many claiming to be "investors".  Ventureburn has sifted through the South African landscape and brought you the investors that are putting the money where their mouths are, and investing in the startup industry. Make sure to keep checking back on this article. We will constantly be updating it with new funds as the startup space grows in South Africa. Also, with your comments and suggestions we hope...

  • SA payments platform Nomanini selected as MIT awards finalist, nets $35 000

    South African based payments platform Nomanini has been selected from among 300 companies as one of four finalists in the financial inclusion category of the MIT Inclusive Innovation Challenge. In addition Nomanini has received a $35 000 award in recognition of its transformative approach to driving economic opportunity in the digital age, the Cape Town based company said in a press release today. The company, which provides banks and mobile operators with a better way to serve the continent's informal sector, plans to use the funds to help boost financial inclusion via local informal retail merchants, who serve as a daily touch point for over 80% of people in...

  • 26 Fintech startups you absolutely need to know about [Digital All Stars]

    Digital All Stars is a series of 24 articles which aims to celebrate the best of South African digital. The articles, which will appear on Memeburn and Ventureburn, recognise and celebrate South Africa’s best digital entrepreneurs, business people, advertisers, and media professionals among others. The All Stars listed in the articles are compiled using a combination of our editorial team’s own knowledge and that of experts in the fields covered by each article. Fintech has become a buzzword in recent years. It largely represents startups changing the way money and financial services are handled, by both businesses and corporates. Their developments...

  • Payments company Nomanini rolls out advanced terminal for prepaid distributors

    Payments platform provider Nomanini is rolling out its second-generation Point of Sales (PoS) designed for informal markets. The new device, called eLula, will enable merchants with more "sophisticated insights" via a new cloud platform. The device also enables merchants with the means to sell different types of services electronically. Nomanini's flagship product, the Lula terminal, is a rugged, waterproof, GSM-connected PoS device for printing PIN-only products. The device enables people in informal markets to buy prepaid products such as airtime vouchers. Though company CEO Vahid Monadjem says that this is just the tip of the iceberg. Kitted with an electronic paper screen, normally...

  • Fundamo founder Hannes van Rensburg joins payments startup Nomanini board as advisor

    South Africa's mobile startup space just got more exciting. Mobile industry superstar and trained nuclear scientist Hannes van Rensburg has joined the board of the fast-growing mobile startup, Nomanini, as advisor. Van Rensburg's reputation skyrocketed when he exited mobile financial services company Fundamo for a massive US$110-million to Visa in 2011. The entrepreneur went on to claim awards recognising him as one of the world's top 100 most influential players three years in a row. After working as senior VP at Visa and starting an earl-stage investment firm called Piorex, van Rensburg has been on sabbatical over the past couple of years. Read...

  • PoS terminal startup Nomanini, TranSol partner to expand to Ghana

    Nomanini, a South African-based Point of Sale (PoS) service provider, has partnered up with Transactions Solutions Ghana Limited (TranSol) to substantially scale the number of its cloud-based PoS terminals in Ghana. The TranSol partnership signals Nomanini’s first scaled project commitment in West Africa, with Kuda Mushambi, the COO of Nomanini, revealing the company’s hope to use this opportunity to further Nomanini’s involvement in the Western African region. The South African-based Nomanini is responsible for an innovative and "highly scalable" cloud-based mobile PoS terminal. It has until this point been plying its trade in six countries (Ghana, Kenya, Mozambique, Namibia, South Africa...

  • From proof to pivot: How Nomanini is becoming the future of prepaid sales

    We here at Ventureburn write a lot about mobile payments in Africa. From old favourites such as Kenya's M-Pesa to newer ones like South Africa's SnapScan, each one is keen on seeing a cashless society. So a startup that relies on cash transactions immediately peaked our interest. "We are avoiding to reinvent the wheel," says Nomanini's CEO Vahid Monadjem. "We're creating a product that serves a pressing need that the current model doesn’t serve." And so, after refining product after business model, Nomanini finds itself in a sweet spot where it's agile enough to adjust its approach to a complex...

  • Payment startup Nomanini sees over 1 million end-users per month

    South African-based company Nomanini, which is responsible for an innovative mobile Point of Sales (PoS) terminal, is taking the prepaid voucher industry in informal markets by storm. Since launching in 2012, the startup has rolled out its service in Ghana, Kenya, Mozambique, Namibia, South Africa and Zambia where -- according to a recent case study by GSMA Mobile for Development -- it reaches up to 1 million end users per month. This means that of the 750 active terminals, the average number of transactions per terminal is between 700 and 1 000. The in-depth study found that most of Nomanini's growth...