Venture capital

KYC startup VerifyMe Nigeria raises Series-A round

Lagos-based ID verification and Know Your Client (KYC) startup VerifyMe Nigeria has raised an undisclosed Series-A round from Consonance Investment Managers. VerifyMe’s platform enables…

African fintech startups to benefit after Catalyst Fund nets $15m from UK Aid, JP Morgan

Fintech startups in Kenya, Nigeria and South Africa that target financial inclusion, are among those set to benefit from grants of up to $100…

Nigerian fintech Flutterwave raises $35m Series-B round

Flutterwave, a US-based fintech startup founded by Nigerians, has raised a $35-million Series-B round led by US venture capital firms Greycroft and eVentures. CRE…

Stellenbosch based Skynamo secures $30m investment from Five Elms Capital

US software investor Five Elms Capital has invested $30-million in Stellenbosch based tech company Skynamo, a field sales app and management platform provider. In…

SA email protection startup Sendmarc nets investment from Kalon Venture Partners

Sendmarc, a Johannesburg-based startup that offers email protection from phishing attacks and email spoofing, has landed an undisclosed amount in investment from SA venture…

Kalon Venture Partners tops up three portfolio investments, makes new deal

SA venture capital (VC) company Kalon Venture Partners last year committed fresh investments in three of its current portfolio companies and last month invested…

Fintech MFS Africa lands $1.2m follow-on investment

Johannesburg-based fintech firm MFS Africa has landed a further $1.2-million as a follow-on investment, from Nairobi-based FSD Africa Investments. FSD Africa Investments, which is…

SA’s Xineoh in $500k funding round, as it eyes opening second Canada office

SA tech company Xineoh has closed a $500 000 equity funding round and is now exploring opening a second office in Canada — in…

Ctrl CEO says Santam investment will give the insurtech two to three years runway

SA short term insurer Santam’s investment in Cape Town based digital insurance broker Ctrl — announced late last month — will give the insurtech…

Four Sars Section 12J venture capital funds that invest in SA tech startups

South Africa’s venture capital (VC) tax incentive allows investors that invest in accredited VC companies that then invest in small businesses, to make a…

Section 12J funds that invest in property are a tax dodge says Vinny Lingham

Silicon Valley based SA entrepreneur Vinny Lingham says too many funds approved under South Africa’s Section 12J venture capital (VC) tax incentive are using…

SA startup RapidDeploy raises $12m from Samsung Next, GreatPoint Ventures

SA tech startup RapidDeploy announced yesterday that it has raised $12-million in a Series-A round from US venture capital fund GreatPoint Ventures and innovation…

Ingressive Capital launches new call for African tech startups to tap $5m fund

Ingressive Capital, a $5-million venture fund focused on early-stage African startups, is looking to invest tickets sizes of up to $100 000 in tech…

SA financial sector authority drafts another paper on equity crowdfunding

While some may be wondering when South Africa will get its own regulations governing equity crowdfunding, the authority that oversees financial regulations in South…

Why we invested in soda drink startup Pura, explains Knife Capital

It’s not just tech that SA venture capital (VC) firm Knife Capital invests in. Today the VC — which has invested in a number…

Everything you need to know about SA’s tech startup ecosystem [updated 2019]

Update: Are you a venture capitalist or an angel investor looking to invest in a company? Are you an entrepreneur looking for capital or…

SA SME Fund commits R110m to hardware tech incubator Savant

Gordhan said at least half of the R110-million will be invested in black African-owned businesses.

Zimbabwe’s Strive Masiyiwa announces $100m Masiyiwa Rural Challenge Fund

Econet Wireless founder Strive Masiyiwa will launch a $100-million revolving fund for young Zimbabwean rural entrepreneurs and rural-focused ventures. Masiyiwa (pictured above) made the announcement…

We raised R34m in 2018 announces Cape Town fintech CloudOne.mobi [Updated]

Cape Town based fintech startup CloudOne.mobi today announced that it had raised R34-million in two funding rounds that closed at the end of last…

SA AI startup Cortex Logic secures investment, eyes global expansion

Cape Town based artificial intelligence (AI) and machine intelligence startup Cortex Logic has set its eyes on international expansion after it announced on Monday…

SA VC Kingson Capital launches R400m fund to target tech startups, black SMEs [Updated]

Durban based venture capital (VC) company Kingson Capital today announced the launch of a R400-million VC fund aimed at investing in 30 to 50…

EWB Canada announces new investment in Kenyan fintech startup FarmDrive

Kenyan fintech FarmDrive has received a new investment from Engineers Without Borders Canada (EWB Canada). It follows a $50 000 investment the startup received from…

Partech raises €125m for Africa Fund targeting Series-A and Series-B startups

Silicon Valley based venture capital (VC) fund Partech has completed a capital raise for its Africa Fund, with the fund closing at €125-million, more…

Celebrating Innovation: Redmi Note 14 Post-Launch Event in South Africa

How iGaming is becoming more accessible in South Africa

HP Ditches the 15-Minute Wait: Is This the End of Customer Service Hell?

Gozem Secures $30M Series B to Fuel Super App Expansion Across Francophone Africa

Koop’s AI Housekeeper: Could This Be the Solution to SA’s Startup Compliance Headache?

Flow48 Secures $69M Series A to Fuel SME Lending Expansion in South Africa and Saudi Arabia

Microsoft launches new Surface devices in new AI era

Honor Magic V3 launches, four things to know

Honor Magic V3, a Guinness world record attempt

Lucid CEO becomes strategic advisor

Golf 8.5 update with lots of Life

Tariffs trump US new car affordability needs