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  • Nigerian recruitment startup DropQue crowned the winner of Seedstars Lagos

    DropQue, a Lagos-based startup that helps companies source staff at a lower cost through secure video interviews, has been selected as the winner of this year's Seedstars Lagos pitch event. Pharmaceutical ecommerce platform MyMedicines and crowd-sourcing startup Natterbase were placed second and third, respectively. DropQue uses a combination of one-way unassisted video interviews and an artificial intelligence (AI) assessment assistant to help companies to source suitable candidates. The startup was founded in 2016 by CEO Opeyemi Akinwoleola and Yinka Akinbobola. DropQue will now represent Nigeria at the Seedstars Africa and global summits By winning Seedstars Lagos, DropQue will go onto represent Nigeria at Seedstar’s Africa summit in December and...

  • Company Office

    Callpay to launch first of its kind payment product called Pay Request

    Callpay, a leading payment solutions provider, today announced that it will launch its new patent pending product called "Pay Request." Callpay developed Pay Request with security in mind, allowing a merchant to send a payment application to any mobile device. What makes this patent pending technology so unique is that a payment can be made in real time without the need of an app or mobile data. At the point of payment, Pay Request allows a merchant to send a secure terminal to the customer’s mobile device, turning their mobile phone into a virtual card terminal. The customer simply enters their...

  • SA proptech startup HouseMe crowned winner at Seedstars Cape Town

    Cape Town based proptech startup HouseMe has come out tops at Seedstars Cape Town. HouseMe was placed first at the event, which was held last Friday (19 October). In second was fintech startup Slide Financial, while procurement platform Kuba took third place. Founded in 2016 by Ben Shaw and Kyle Bradley, HouseMe connects tenants to residential landlords, providing letting services for a fraction of agency fees. HouseMe was founded in 2016 by Ben Shaw and Kyle Bradley By placing in the top three, HouseMe, Slide Financial and Kuba have secured spots at the Seedstars South Africa finals which take place on 14 November at Seedspace Cape Town. Seedstars World's...

  • SA health innovators have four days left to enter Sanofi South Africa Challenge

    Global pharmaceutical company Sanofi is calling on SA innovators within the medical, healthcare and ICT sectors to enter the Sanofi SA Challenge. The challenge -- held in partnership with the National Department of Health -- is focused on innovation that will optimise adherence to the treatment of tuberculosis (TB). Entries close this Friday (26 October). The Sanofi SA Challenge is focused on innovation that will optimise adherence to the treatment of tuberculosis Startups will need to present a multi-device and multi-channel solution that will help SA healthcare professionals optimise TB treatment by: Incentivising completion of treatments. Tracking weekly adherence and monthly collection of medicines. Identifying non-adherence...

  • Top startup events in South Africa, Africa you should know about this week [22/10/2018]

    This week Startup Grind Johannesburg will host Retroviral founder Mike Sharman as he tackles the do’s and don’ts of a perfect pitch on Tuesday (23 October). In Kenya, African Business Angel Network Tom Davies and SA funding consultant Alexandra Fraser will on Thursday (25 October) conduct a workshop on valuation and deal structuring. In Nigeria, Ventures Platform will on (26 October) host a sit-down between the Nigerian government and startups to discuss how the government can help create a favourable environment for startups. This article is part of a weekly series that highlights all the top startup events, competitions, networking sessions, workshops and conferences in Africa. If...

  • Stop misrepresenting us as Shopin investor unicorn ZocDoc tells Eran Eyal

    US medical platform ZocDoc is demanding that SA entrepreneur Eran Eyal -- who faces fraud charges in the US -- immediately stop claiming that the billion-dollar company is an investor in his startup Shopin. Eyal today however  denied that he had misrepresented the medical platform. Eyal (pictured above) was charged in August by the New York Attorney General with allegedly stealing $600,000 from investors by fraudulently soliciting investors to purchase convertible notes through false representations of his company, Springleap. If convicted of the top count charged, he faces up to 15 years in prison. He is due to appear in court this Wednesday (24 October). In...

  • Sonic Ventures launches R1.5-billion fund to back high-growth tech companies

    Sonic Ventures, a Cape Town based investment company that plans to target early-stage tech companies, yesterday (19 October) launched a R1.5-billion fund that plans to back high-growth tech ventures -- largely in SA, US and UK. Speaking during a presentation yesterday at the Pepperclub Hotel and Spa in Cape Town, Sonic Ventures' US-born CEO Joseph Gough (pictured above) said the firm plans to list 35-million shares at R45-per share on SA online shareholder administration platform Equity Express Securities Exchange (EESE). The expected listing date is 29 November. Sonic Ventures' R1.5-billion fund will target an internal rate of return (IRR) of more than 25% Gough said he...

  • Eight black-owned fintechs win R16m worth of funding, support from AlphaCode

    Eight black-owned fintech startups have won business support and funding totalling R16-million from Rand Merchant Investment Holdings' (RMI) fintech incubator AlphaCode. The eight -- which include SELFsure, Akiba Digital, the ISpani Group, Jamii, Nisa Finance, Pago, Prospa and Yalu (see their respective pitch videos below) -- were selected last night (18 October) as winners of the AlphaCode Incubate initiative following a pitching session. The packages consist of R1-million in grant funding and R1-million in support (which includes mentorship, monthly expert-led sessions, exclusive office space in Sandton, marketing, legal and other business support services as well as access to the broader RMI network). The AlphaCode Incubate initiative -- run in partnership with Merrill Lynch South Africa and Royal Bafokeng Holdings --...

  • Hardware technology incubator Savant looking at setting up venture fund

    Cape Town based hardware tech incubator Savant is considering setting up a venture fund which will likely be launched next year in the first quarter, says the incubator's CEO Nick Allen. Allen (pictured above) revealed the plans on the sidelines of the incubator's Demo Day on Tuesday (17 October). "We are, from a Savant perspective, looking at building our own venture fund, and we are getting some interest and traction and that," he said. He pointed to how there is a particular "real need and a real opportunity" to fund hardware tech ventures immediately after they receive technology development funding from the Department...

  • Yellowwoods funding will gives us at least three years of runway – Simply founder

    The recent investment into insurtech Simply Financial Services by investment group Yellowwoods will give the startup "at least three years of runway" says the startup's CEO Anthony Miller. Cape Town based Simply Financial Services, which Miller (pictured above, right) along with Simon Nicholson (pictured above, left) and Shaun Dippnall founded in 2016, announced on Tuesday (16 October) that it had secured a "significant multi-year funding commitment" from Yellowwoods. Responding to Ventureburn questions yesterday (17 October), Miller would not disclose the size of the investment and the equity share that Yellowwoods will take. He however hinted that the deal is worth "tens of millions of...

  • Five agritech startups that aim to take Africa into greener pastures

    If Africa is to foster more efficient growth, agriculture technology (or agritech) is likely to have an increasing role to play. Already a number of startups across the continent are getting stuck in developing tech solutions to help boost the sector. The agriculture sector employs over two thirds of the work force and contributes over third of gross domestic product according to the World Bank, in a recent report (opens as a PDF). Here then are five agritech startups which already show some promise: AgroCenta Ghanaian agritech startup AgroCenta is an online sales platform started in 2015 by Michael Ocansey and Francis Obirikorang (pictured above). It connects smallholder farmers directly to an...