• 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 "Zoona"

  • Funding your startup: Ventureburn lists the SA investors that are delivering

    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...

  • Zoona wins Social Entrepreneurship prize

    Mobile payments company, Zoona has been awarded the Social Entrepreneurship award at the Africa Awards for Entrepreneurship (AAE). The event was hosted by the African Leadership Network in Mauritius. The Social Entrepreneurship award is given to organisations addressing social problems in Africa, and who have a revenue between US$150 000 and US$2.5-million. It was accepted by brothers and co-founders Brett and Brad Magrath. "We are honoured to have been recognised among organisations that are such a force for positive change on the African continent," says Brad Magrath in a press release to Ventureburn. Zoona has recently raised US$15-million in funding, while passing other milestones too "We strive to take...

  • Zoona raises $15-million in Series B funding round, 4Di Capital on-board

    African fintech startup Zoona has announced a series B funding round of US$15-million. The round concluded a week prior to the announcement and was led by the International Finance Corporation (IFC), a member of World Bank Group. Cape Town-based venture capital firm 4Di Capital is one of the investors, having injected an unspecified amount in Zoona. According to Justin Stanford, co-founder and managing director of 4Di, this is the first investment from the firm's new fund. Stanford holds a four-year non-executive position on Zoona's board. Series A investors Accion, consisting of Quona Capital, and Omidyar Network, doubled their investment for the Series B round, with the Lundin Foundation increasing...

  • African fintech startup goes past $1bn in transactions

    African fintech startup Zoona this week announced that, since going live in 2009, it has processed more than US$1-billion in transactions. Playing in the highly competitive mobile payments space, the service operates predominantly in Zambia and Malawi. Using a network of entrepreneur agents, the Zoona allows ubanked consumers access to money transfers, bill payments and other financial services. According to a press release sent to Ventureburn, the company’s entrepreneur agents serve more than one million customers every 60 day, across close to 1 500 locations. "Zoona was born from an idea in a text message," says Zoona CEo Mike Quinn. "Today we...

  • Zoona: mobile money helping Zambia’s unbanked populace

    What is Africa's biggest problem when it comes to money and banks? Easy: in many parts of the continent there are large portions of the populace that are unbanked. The solution for this came a few years ago with M-Pesa, a mobile money solution that catered for Kenya's unbanked population. Fast forward a few years later and all across the continent similar solutions are popping up. One that has caught my attention is Zoona, a Zambian-based startup hoping to take the country cashless. At its core the service is a mobile money solution for both consumers and businesses. It's hard...