Startups articles

Seedstars World opens wildcard applications for SA finals

Seedstars World opens wildcard applications for SA finals

The biggest seed stage startup competition for emerging markets, Seedstars World has opened wildcard applications in search of startups in other provinces in South Africa that’ll compete in the national finals of the competition. Seedstars World organized two events – one in Johannesburg and the other in Cape Town – in the country in search

Orange launches US$55 million investment vehicle for African startups

Leading telecommunications operator, Orange has announced the launch of a new US$55 million (€50 million) investment vehicle for African startups. The new vehicle, known as Orange Digital Ventures Africa, is an Africa-focused section of its flagship programme for investment in startups, Orange Digital Ventures. Orange Digital Ventures was launched in 2015 and armed with €20

Over 300 fintech startups are active in Africa, says report

Of late, Fintech startups have been on the increase in Africa thanks to hardworking entrepreneurs who are hellbent on changing the continent’s financial services landscape. These startups have attracted interest both within and outside the continent, raising more funds – US$31.4 million – than the other sectors tracked in a 2016 report. A new report

Morocco’s WaystoCap raises US$3 million to expand across Africa

Moroccan business to business (B2B) marketplace WaystoCap has raised US$3 million from several investors in a seed funding round to expand across Africa. Launched in 2014, WaystoCap allows businesses in Africa to buy and sell products. It facilitates trade in Africa by making product discovery, shipping, financing and payments easier. The startup has processed US$3.1

12 startups selected for Seedstars Maputo

The biggest seed stage startup competition for emerging markets, Seedstars World has announced the selection of 12 startups for its Mozambique event. Called Seedstars Maputo, the competition sought the best of the best entrepreneurs/startups across the country. It was open to startups that are less than 2 years old, have raised not more than US$500,000

SA’s Entersekt secures funds for int’l expansion

Stellenbosch-based innovator in push-based authentication and app security, Entersekt has raised an undisclosed amount of funds to expand internationally. Launched in 2008, the startup harnesses the power of digital certificate technology with the convenience of mobile phones to provide financial services companies and their customers full protection from online fraud. Its patented security products, which

More and more Nigerians are using ridesharing platform, GoMyWay

Nigeria’s trusted online ride share platform, GoMyWay has announced more and more Nigerians across the country are using the platform, indicating the innovation is being embraced. The startup disclosed, as it celebrates its second year in existence, it experienced a 150% increase in registered members and a 300% increase in the number of seats offered

3 startups win Seedstars Cape Town, advance to finals in Johannesburg

Three startups have emerged winners of Seedstars Cape Town, picking up slots to compete with other startups in the country at the Seedstars National Finals in Johannesburg. Seedstars World opened applications for its South Africa event, comprising satellite events in Johannesburg and Cape Town, event last month as it searches the best of the best

21 startups selected for Traction Camp

Twenty one startups have been selected to participate in the inaugural Traction Camp, a regional accelerator program aimed at nurturing startups in East Africa. Launched late last year, Traction Camp is aimed at supporting entrepreneurs across East Africa to create globally competitive, growth-oriented mobile and digital technology businesses. In order for the program to be

Uganda’s awamo raises additional US$1.7 million seed funds

Ugandan fintech startup, awamo has raised an additional seed funds of US$1.7 million (€2 million) from several investors to enable it roll out its solution across the country. The startup offers a mobile, biometric banking solution (SaaS) for unregulated microfinance providers in sub-Saharan Africa. Its awamo® 360 product eases the work of microfinance providers by

Egypt’s social video analytics platform Mintrics raises funds for global expansion

Egyptian social video analytics platform Mintrics has raised an undisclosed amount of seed funds from Dubai-based venture capital seed fund, Numu Capital for aggressive global expansion and further development of the technology. Launched a year ago, Mintrics has been described as the only video analytics tool that uses private APIs to provide unparalleled detailed analysis.

Egypt’s Elmenus raises US$1.5 million to out new features

Egyptian online food discovery platform, Elmenus has raised US$1.5 million from Algebra Ventures in a Series A funding round to build new features and take on the big players in the digital food space. The startup houses a myriad Egyptian restaurants on its platform in order to help people easily discover the best place to

Nigeria’s Paga, MFS Africa in cross-border remittance partnership

Nigeria’s leading mobile payments company, Paga is following up its recent cross-border remittance partnership with TerraPay and MoneyTrans with another one with MFS Africa. The partnership with MFS Africa, a leading Pan-African fintech company, will connect Paga users and Nigerian bank account holders to remittance senders from around the world. Specifically, the partnership will ensure

Seedstars World opens applications for Mozambique competition

The biggest seed stage startup competition for emerging markets, Seedstars World has opened applications for its Mozambique competition in search of the country’s best entrepreneurs/startups. Called Seedstars Maputo, the competition seeks startups that are less than 2 years old, have raised not more than US$500,000 in funding and have built a minimum viable product, ideally

Malaysia’s iflix officially launches in sub-Saharan Africa

Homegrown Subscription Video on Demand (SVoD) services like ShowMax and iROKO, as well as their foreign counterparts operating on the continent, are about to be given a run for their money with the official launch of iflix in sub-Saharan Africa. Known as iflix Africa, the new service will make iflix’s world-class service available to over

Paystack’s Payment Requests lets merchants bill customers directly

Nigerian online payments startup, Paystack has introduced a new feature to allow merchants bill and invoice customers directly for easy collection of funds. Before now, merchants/businesses using Paystack collect funds via Payment Pages. While this worked fine, it didn’t solve the direct billing thingy i.e funds couldn’t be collected from just one customer at a

Village Capital, PayPal to run investment-readiness program in sub-Saharan Africa

Venture capital firm Village Capital and online payments company PayPal have announced plans to run an investment-readiness program in sub-Saharan Africa for the very first time. This follows the expansion of the FinTech investment-readiness programs run in the US, Latin America, and India. The program supports entrepreneurs that are working on improving financial health. Through

Nigeria’s CcHUB to take African startups on European fundraising tour

Nigeria’s leading technology innovation centre, Co-creation Hub (CcHUB) has announced the launch of PitchDrive to take African technology startups on a fundraising tour of European tech hubs. PitchDrive will take a few tech startups from Africa on a three weeks, five-city European tech hub tour across London, Amsterdam, Berlin, Zurich and Paris. At the end

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