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All posts tagged "Yoco"

  • SA fintech Yoco raises whopping $16m in Series-B round led by Partech

    In what is arguably one of the biggest venture capital deals announced so far this year in South Africa, SA point of sale payments provider Yoco has raised a massive $16-million (over R245-million as of the rate today) in a Series B funding round led by Silicon Valley-based VC firm Partech. Orange Digital Ventures, FMO (The Dutch Development Bank), Future Growth in addition to Yoco's Series A investors Quona Capital and Velocity Capital also participated in the round. The investment brings the total funding raised by Yoco to R322-million. Yoco CEO Katlego Maphai (pictured above, second from right) did not immediately return calls...

  • Luno looking to hire 40 new staff at Cape office amid tech investment boom in city

    Amid a tech boom in Cape Town, SA bitcoin exchange Luno has gone on a hiring spree. The startup is looking to fill 40 new positions for the company's Cape Town office (see here), currently advertised on LinkedIn. These include among others, positions for software engineers, business analysts, fraud analysts, data scientist and tax analyst. The startup is also looking to fill four positions in Johannesburg. Luno founder Marcus Swanepoel said the startup -- which is headquartered in London with teams based in several cities across the world -- is likely to hire another 50 to 100 people in South Africa over the next nine to 12 months. “Yes...

  • How SA tech startups plan to celebrate Mandela Day by reaching out to needy

    With South Africa today honouring the legacy of former president Nelson Mandela, a number of SA tech startups have taken to celebrating Mandela Day by offering to reach out to those more needy. Here then are how three startups have chosen to honour Madiba, or give up 67 minutes of their time in remembrance of the icon's legacy. Cape Town based logistics startup Pargo is running a challenge today to get clients to send food or toy parcels up to underprivileged children in Mthatha in the Eastern Cape. A number of SA tech startups are celebrating Mandela Day today by offering to reach out...

  • Six black SA tech entrepreneurs to watch [Digital All Stars]

    Digital All Stars is a series of 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. Yoco, Recomed and Giraffe. For many SA entrepreneurs these startups and their respective founders -- Katlego Maphai, Sheraan Amod and Anish Shivdasani -- have become household names. They are just some of the many new tech startups emerging headed by black entrepreneurs (Ventureburn uses the definition in the Constitution to define black people -- which include: black African, Indian, coloured and Chinese South...

  • How Knife Capital once turned down JoJo Tanks because VC ‘didn’t see use case’

    With Cape Town in the grip of its worst drought in living memory JoJo Tanks has been catapulted into an overnight success story, and can barely keep up with demand. But the SA company was once turned down by one of the country's top venture capital (VC) firms, Knife Capital. Since its inception in 2010 Knife Capital has invested in some big names such as CSense (which exited to General Electric just a few months ago) and recently concluded a $110-million exit of Fundamo to Visa. But along the way the VC company has also made mistakes -- turning down big names that have gone...

  • Yoco had month of capital left in bank before we closed deal – Katlego Maphai

    SA fintech startup Yoco was living on the edge in the two years it took to conclude the company's first funding round, says co-founder and CEO Katlego Maphai. In a tell-all session at FuckUp Nights Cape Town -- held in Cape Town on Tuesday evening (20 March) and hosted by Aspiring Black Leaders and Cape Town Office -- Maphai detailed the struggle he and his three co-founders faced before they were able to clinch the startup's first round of funding. The deal, which involved an undisclosed amount in a round led by US-based Quona Capital and Netherlands-based Velocity Capital, was announced in March last year. Read more: Yoco concludes...

  • Top startup events in South Africa, Africa you should know about this week [22/01/2018]

    Looking to get into the South African startup scene or catch up on some of your skills? Well, you’ve come to the right place. There are loads of competitions, networking sessions and workshops happening around South Africa and the rest of the continent (namely Kenya, Nigeria and Ghana) that we’ve rounded up to make your life a bit easier. This article is part of a weekly series that highlights all the top startup competitions, networking sessions, workshops and conferences around South Africa, and the greater region. If you have any event recommendations for us to add to the list, or next...

  • Top startup events in South Africa, Africa you should know about this week [15/01/2018]

    Looking to start 2018 off by getting things rolling? Well, you’ve come to the right place. There are loads of competitions, networking sessions and workshops happening around South Africa and the rest of the continent (namely Kenya, Nigeria and Ghana) that we’ve rounded up to make your life a bit easier. This article is part of a weekly series that highlights all the top startup competitions, networking sessions, workshops and conferences around South Africa, and the greater region. If you have any event recommendations for us to add to the list, or next week’s, please let us know in the...

  • 10 Defining moments that shaped the 2017 South African startup ecosystem

    2017 in South Africa is a very hard year to define… Most people are limping into 2018 battle-scar ridden and trying to figure out what the hell just happened?! Bitcoin highs and Steinhoff lows, neighbouring coup-non-coups, Rugby World Cup hosting woes and Western Cape dam levels scraping the bottom of the barrel along with GuptaBots, while Cyril is rising to the top. 'In 2017 South African entrepreneurs had a bumper year  -- leading the charge with innovation, job creation and growth' But adversity is the mother of invention… South African entrepreneurs had a bumper year  -- leading the charge with innovation, job...

  • Watch these guys — here are the SA startups to look out for in 2018

    Tech startups that focus on solving problems using data analysis top Ventureburn's list for the 12 South African tech firms to watch in 2018 - be they transport, agriculture, transport, or finance. Fintech, will continue to be the hottest sector -- with half the startups on the list hailing from the sector. The list also includes two startups using cryptocurrency as part of their solution. Aerobotics is definitely a startup to watch. This Cape Town based aerial data analytics platform provides analytics for drone users (mainly in the agricultural sector). In November Google revealed that the startup was one of 24 selected to join the fifth...