Looks like the shunning of Huawei by the US is finally impacting US companies in China. According to a report by the South China…
The startup — which earlier this month won the Seedstars Johannesburg pitch event — came first ahead of property tech startup HouseMe which was placed second and peer-to-peer storage and parking platform Sxuirell which was placed third. Seven startups in all pitched.
A jury comprised of Naspers Ventures strategy manager Minette Havemann, Nedbank head of disruption and innovation Stuart van de Veen, Seedstars regional manager for Africa Claudia Makadristo and Hybr partner Vuyisa Qabaka (pictured above, right with Franc Group founder and CEO Thomas Brennan) selected the three winners.
Franc Group will now represent South Africa at the Seedstars regional and global summits
Franc Group will now represent South Africa at the Seedstars Africa summit in Tanzania next month and the global summit in Lausanne, Switzerland in April next year. At the global summit, the fintech startup stands a chance to win up to $1-million in funding.
Franc Group was founded in May by CEO Thomas Brennan and aims to give people access to low-cost passive investments.
Through the Franc app — available on both the Google Playstore and the Apple App Store — customers can invest in either the money market and the stock market for only R5 per month with no minimum contribution required.
— Seedstars (@Seedstars) November 14, 2018
Continuing on its world tour of startup scenes, Seedstars World’s next stop is Gambia’s capital Banjul this Saturday (17 November) where the country’s best early-stage startup of the year will be selected at Seedstars Banjul.
Read more: Meet the Cape Town, Jozi startups that will pitch at Seedstars SA finals
Read more: Jozi fintech startup Franc Group wins Seedstars Johannesburg 2018
Read more: Here are the 10 SA startups that will pitch at Seedstars Johannesburg 2018
Read more: SA proptech startup HouseMe crowned winner at Seedstars Cape Town
Read more: Here are the 10 SA startups that will pitch at this year’s Seedstars Cape Town
Read more: Seedstars puts out call to SA startups to take part in three pitching events
Featured image (left to right): Franc Group CEO Thomas Brennan and Hybr partner Vuyisa Qabaka at the Seedstars SA finals held at Seedspace Cape Town on 14 November.