Ventureburn - Startup news for emerging markets

SA startup Carry1st out to create Africa’s first ‘super app’ with $2m war chest

One of the most interesting trends to have come out of the Asian tech startup scene, particularly Indonesia and China, is the emergence of…

Polish businessman’s tales of fear and loathing in Nigeria [Book review]

Chasing Black Unicorns: How Building the Amazon of Africa put me on Interpol’s most wanted list by controversial Polish entrepreneur Marek Zmyslowski, is a thrilling…

SA’s best, simple and cheap ways to save your December bonus

Here are the five companies selected as SA’s Top 5 Most Exciting Startups

The Heavy Chef Foundation last night announced the names of SA’s Top 5 Most Exciting Startups at an awards ceremony at Workshop 17, as…

Here are the five companies selected as SA’s Top 5 Most Exciting Startups

The Heavy Chef Foundation last night announced the names of SA’s Top 5 Most Exciting Startups at an awards ceremony at Workshop 17, as…

Together African ecosystem players can drive world’s next digital revolution – Jack Ma

Africa will drive the world’s next digital revolution — and governments, educators, venture capitalists, industry associations and incubators should work together to support tech…

Fintech My-iMali scores investment from Crossfin after crowdfunding campaign fails

SA fintech startup My-iMali has landed an undisclosed amount in investment from fintech investor Crossfin to grow its digital wallet platform. The raise follows the…

Kenyan agritech startup Farmshine raises $250k from Gray Matters Capital’s coLABS

Nairobi-based agritech startup Farmshine has secured a $250 000 investment from US impact investor Gray Matters Capital‘s gender lens sector agnostic portfolio GMC coLABS. Farmshine operates…

Seedstars Summit Africa 2019 now underway in Johannesburg – here’s who’s pitching

The Seedstars Summit Africa 2019 is now underway in Johannesburg bringing an end to this year’s edition of Swiss emerging market startup competition Seedstars World….

Jobs Fund renews partnership with tech firm A2Pay, committing R161m for project

SA tech company A2Pay has landed R161-million from The Jobs Fund, a R9-billion fund which is managed by The National Treasury. The debt funding…

Egyptian trucking marketplace Trella acquires competitor Trukto

Cairo-based trucking marketplace Trella has acquired competitor Trukto in a move that will create Egypt’s largest technology-enabled trucking and logistics platform. Trella announced in a…

Egyptian startup Wasla raises $1m for its incentivised mobile browser

Wasla, a Cairo-based startup that has developed an incentivised mobile browser that rewards users with free mobile internet has raised $1-million in seed funding….

Itanna startups from 2nd cohort secure partnerships with banks, corporates

An investment analyst with Lagos-based accelerator Itanna says the three startups that recently completed its four-month programme secured an average of two partnerships each,…

Egyptian waste management startup Bekia raises investment from Oman accelerator

Bekia, a Cairo-based waste management startup has raised an undisclosed six-figure dollar denominated investment from Oman accelerator OTF Wadi. Tech publication Menabytes reported in…

The Sun Exchange raises over R4.2m against R7m target, as crowdfunding campaign closes

The Sun Exchange, a SA blockchain-based solar panel micro-leasing marketplace, has raised over R4.2-million (about $300 000) from 288 investors through its equity crowdfunding campaign…

Credit platform Migo closes $20m Series-B round ahead of Brazilian expansion

US-based fintech startup Migo (formerly known as Mines.io) has closed a $20-million Series-B round led by Brazil-focused venture capital (VC) firm Valor Capital Group….

How Endeavor plans to make social impact by backing high-growth entrepreneurs [Q&A]

Endeavor is more than simply a networking club for the business elite, but an organisation that aims to make a sustained social impact by…

Here are seven SA insurtechs that insurance companies are working with

Insurance technology is big money in South Africa, with several local insurtechs having together raised tens of millions of rands in investment of late,…

Fraud-accused Eran Eyal offering three immigrant students scholarships at $3600 each

SA entrepreneur and former Springleap founder Eran Eyal, who faces fraud charges in the US, pledged this week to offer three post-secondary scholarships, at…

Momentum Metropolitan reveals it’s backing insurtech, fintech through local VC [Q&A]

SA insurance company Momentum Metropolitan is partnering with a local venture capital (VC) company and a VC from the UK to develop innovative financial…

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