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  • Springleap’s Eran Eyal misrepresented me as Shopin adviser – Vinny Lingham

    Silicon Valley based SA entrepreneur Vinny Lingham today said fellow South African Eran Eyal, who faces fraud charges in the US, "fraudulently misrepresented" him by claiming that he was an adviser to his company Shopin. In a presentation last year at the BlockChain Economic Forum in New York -- which was captured on a Youtube video (see here, at 6.49 minutes on the video) -- Eyal refers to a screenshot in which Lingham, who is the founder of US startup Civic, is listed as one of Shopin's advisers (see screenshot below). The BlockChain Economic Forum took place in New York on 31 October and 12 November last...

  • Company Office

    How Nomanini’s team stays agile and focused

    Recently, as part of a business media feature, we reflected on the online tools and apps we use as a team that allow us to be more efficient in our daily work flow. At Nomanini we strongly believe in innovation and continuous improvement. Core to how we do things is the ability to consistently be agile in our processes. Agile practices enable the ability to try out new ideas and explore opportunities quickly, without investing a lot of money up front. It is also iterative in nature, which means that companies have a better chance of giving their customers exactly what...

  • Share of $750k in grants up for grabs in open challenge on AI and news

    Innovators from across the world can get a share of up to $750 000 in a new open challenge that covers the intersection of artificial intelligence (AI) and news. The challenge is run by the Ethics and Governance of AI Initiative --  a philanthropic fund and joint initiative of the MIT Media Lab and the Harvard Berkman-Klein Center for Internet and Society -- that aims to advance the development of AI and machine learning in the public interest. Through the AI and the News Open Challenge the initiative is seeking solutions to four specific problem areas found at the intersection of AI and news. These problem areas are around governance of...

  • Here’s who took home top honours at the SA Innovation Summit

    Taz Technologies CEO Abdulaziz Mohamed has emerged the victor of the main pitching session at last week's SA Innovation Summit. Mohammed (pictured above, right) beat 25 entrepreneurs to win the event's Main Pitching Den competition. As the winner he will go onto represent Africa at next year's Startup World Cup in Silicon Valley -- where they would stand to win the grand prize of $1-million investment. A date for the event has yet to be set. His Kenyan startup has designed Mpost, a solution which uses mobile phones to provide users with a unique postal code. In addition to this, the solution also allows customers to track letter and packages. Runners...

  • Here’s why Gitex Future Stars 2018 is set to be bigger, better [Sponsored]

    With its debut last year, Gitex Future Stars established itself as one of the largest global startup events in the Middle East and North Africa (MENA) and South Asia -- and this year's edition promises to be bigger and better. Want to rub shoulders, network and connect with VCs from around the world? Looking to sell your tech to a pool of over 4000 buyer or maybe simply want to check out the latest innovation that startups from around the world are coming up with? Then you'll want to attend Gitex Future Stars 2018 -- which runs alongside Gitex Tech Week  -- and is set to take...

  • Egyptian healthtech Vezeeta raises $12m in Series-C round led by Riyadh VC STV

    Egyptian healthtech startup Vezeeta has closed a $12-million Series C funding round led by Riyadh-based venture capital fund Saudi Technology Ventures (STV). At least three of Vezeeta's existing investors -- BECO Capital, Vostok New Ventures and Silicon Badia participated in the round. The startup's initial backers were also joined by Crescent Enterprises’ CE-Ventures. Operating from its headquarters in Cairo, Vezeeta has developed one of the Middle East and North Africa's (MENA) largest healthcare booking platform and medical practice management software. It is the second such African platform that has announced funding in the past week. Last Wednesday Morocco's DabaDoc revealed it had received an undisclosed amount from...

  • ‘I never saw it coming’ – wiGroup founder on financial mismanagement

    The founder and CEO of SA fintech wiGroup says he never saw any warning signs of the financial mismanagement the firm uncovered just months ago, which appears to have led to the company cutting about 20 jobs. Ducasse told Ventureburn in a call yesterday that he first picked up the issue in July. The restructuring was carried out in the same month. "I didn't spot anything," said Ducasse. "If I spotted anything I would have done something about it," he added. Last week the chief financial officer (CFO) of wiGroup, Morne Patterson, confirmed that he had resigned from the company. It comes as wiGroup revealed...

  • Here are the 40 finalists that were nominated for 2018 AWIEF Awards

    The Africa Women Innovation and Entrepreneurship Forum (Awief) has announced the finalists of its 2018 Awief Awards. In all, 40 women founders and entrepreneurs from 12 different African countries have been selected across eight different categories. The winners are set to be announced at an event in Cape Town on 9 November. Through the awards, Awief aims to promote excellence in entrepreneurship and innovation among women-owned businesses in all sectors and across the 54 African countries. A total of 40 women founders and entrepreneurs from 12 different African countries have been selected for the 2018 AWIEF Awards In a statement on Monday (17 September) Awief founder and CEO Irene...

  • Accenture in hunt for Africa’s top 30 tech startups, here’s how you can apply

    In a newly launched initiative, management consulting and professional services firm Accenture is on the hunt for Africa's top 30 tech startups. In a post on its Facebook page earlier this month, the firm said it is looking for digital pioneers who are solving critical challenges facing the continent with technology. "It’s a search for Africa’s big thinkers and big doers -- visionaries who fearlessly push the boundaries of progress to shift African innovation to the next level," the firm added, urging tech entrepreneurs who are using innovation to change lives in their communities to apply. The 30 selected startups or Tech Firestarters...

  • It’s time for tech female founders to embrace the African century [Opinion]

    We have transitioned from the African Renaissance narrative a few years ago to believing Africa is rising out of the ass heap of despair, to more recent chatter about lions on the move and scaling gazelles. We can keep creating slogans, be our own hype beasts or we can actually roll up our sleeves and get our hands dirty as we clean up our own mess, grab this Industry 4.0 revolution by the lapel and turn this into the African Century, for real. Yes, the scabs from wounds inflicted by our colonisers and the architects of apartheid are a constant reminder...

  • Tunisian robotics startup Enova Robotics raises $1.6-million from Capsa Capital

    Tunisian robotics startup Enova Robotics has raised $1.6-million from Tunis-based investment firm Capsa Capital. In a phone call with Ventureburn today (18 September) Enova Robotics founder Anis Sahbani (pictured above) said he will use the investment to improve the startup's "innovation process", to fund research and design and to open a European branch in France. Enova Robotics designs and manufactures four different types of mobile robots with applications across education, security (see video below), healthcare and marketing. Sahbani, said since he launched the startup in 2014, Enova Robotics has built and sold between 50 and 60 robots. Enova Robotics was founded in 2014...