Venture capital

Five SA fintechs that service the growing market of SME lending [Updated]

An increasing number of fintech startups are looking to fund small businesses in South Africa using online platforms and apps to service the massive…

SA fintech uKheshe nets over R7m from investors on R100m valuation

Joburg-based fintech startup uKheshe has raised $500 000 (over R7.6-million at the current exchange rate) in seed funding on a valuation of R100-million, from FiTech Ventures…

Savant Venture Fund invests in security device startup Jonga [Updated]

Cape Town hardware tech incubator Savant‘s venture capital (VC) arm, the Savant Venture Fund, has announced that it has invested in Cape Town based…

Nigeria’s Kobo360 closes whopping $20m Series-A round led by Goldman Sachs

Nigerian logistics platform Kobo360 has closed what is likely the second biggest investment for an African tech startup in 2019 so far, after concluding…

HouseMe investor Geddes Capital secures R200m debt facility from UK company

Cape Town based financier Geddes Capital — which last year invested in SA startups HouseMe and Seon — has secured R200-million from a UK…

Nigerian Edmund Olotu’s TechAdvance raises $1m from Bahrain investor

Lagos-based payments infrastructure firm TechAdvance has secured $1-million in funding from Bahrain’s Lamar Holding. TechAdvance was founded in 2009 by CEO Edmund Olotu (pictured above) and…

LLH Capital’s Gil Oved, Romeo Kumalo mum on deals fund has concluded so far

Those waiting for details on the closing of SA based LLH Capital‘s $200-million tech fund will have to remain patient until the fund’s partners —…

FSB misses its own crowdfunding deadline

South Africa’s Financial Services Board (FSB) has missed a June 30 deadline on considering whether to regulate equity crowdfunding or not. A FSB spokesperson in…

Agri-Vie Fund exit from Fairfield sees investors reap over three times in returns

Investors in the $100-million Agri-Vie Fund I have scored big with the fund today announcing its first exit, from one of South Africa’s most respected dairy…

Private equity returns up a whopping 123% in 2016 reveals Savca report

South African private equity capital returns to investors were up 123.2% last year to R18.3-billion — up from R8.2-billion in 2015, reveals the Savca 2017 Private Equity…

Drive Revenue gets multi-million rand funding injection from HAVAÍC

Cape Town tech startup Drive Revenue has landed an undisclosed amount from HAVAÍC, the venture capital (VC) fund announced yesterday. HAVAÍC executive director Grant Rock said…

Grotech fund set to announce first three deals

Grotech, a venture capital (VC) fund set up under the 12J VC tax incentive, is set to announce its first three investments, said fund manager Clive…

SA SME Fund will commence with due diligence in July says CEO

The R1.5-billion SA SME Fund will commence with initial fund screening due diligence from next month (July 2017), the fund’s CEO Quinton Dicks said…

Can 12J VC tax incentive create the jobs South Africa badly needs?

Tim Strang wants to provide spaza shops and wholesalers with a better way to order stock, through an app. He’s betting on creating hundreds…

Investors clamouring for 12J VC incentive following tax hike – fund managers

The increase in the top marginal income tax rate to 45% for high earners is driving more South African investors to seek out the…

Foreign investment injection could propel South Africa’s VC ecosystem, 12J funds

Ask any tech startup and they’ll tell you that raising venture capital (VC) in South Africa is not easy, that said, it’s a lot…

Unpacking South Africa’s tech startup and scaleup investor landscape

Getting access to the right seed and growth finance is critical to the success of most emerging technology companies. But finding the right investor…

Venture capitalist questions why so few women involved in angel investing in SA

Why are there so few women angel investors in South Africa? It’s a question that continues to puzzle local venture capitalist Andrea Bohmert. “I…

SA downgrade ‘nearly irrelevant’ to startups – Michael Jordaan

South Africa’s downgrade to junk status earlier this month by two rating agencies may have depressed Michael Jordaan, one of the country’s most respected venture…

SEC ban puts brakes on equity crowdfunding in Nigeria – report

The Securities and Exchange Commission (SEC) of Nigeria’s ban on equity crowdfunding “is seriously slowing down” the introduction of crowdfunding in the country, says a…

‘Fintech startups in Middle East, North Africa raised $100m last decade’

Fintech startups in the Middle East and North Africa have raised $100-million over the last decade, yet 28% fail in their initial years, says…

IDC approves R17m deal to fund SA’s first 3D metal printer

The Industrial Development Corporation (IDC) has concluded an agreement with an SA startup that plans to launch the country’s first production-based 3D metal printer…

Exclusive: ‘Government won’t match private sector in R1.5bn SME fund’

The SA government has no immediate plans to match the R1.5-billion that 48 large companies have committed to the SA SME Fund, National Treasury…

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