Cape Town-founded mobility tech startup WhereIsMyTransport has secured a total of $14.5-million during a Series A extension round to continue its expansion. This is in addition to the R42-million ($3.09-million) in funding it received from South African media mega power Naspers. The new funding was raised from investors including Google...
With the second half of 2021 approaches and COVID-19 vaccinations roll out across the globe, albeit at varying rates, Ian Lessem, Managing Partner at HAVAIC, investors in early-stage, high-growth technology businesses, considers the trends making an impact on the African Venture Capital landscape. Homegrown Solutions With the world having adjusted...
While the COVID-19 crisis has reversed the recent global poverty reduction, according to the UN and other experts, it has also sped up financial inclusion via mobile financial services apps provided by crypto, blockchain and FinTech startups. Many people worldwide take for granted the services billions of others struggle to...
A new survey conducted by Amethyst Consultants on SME perceptions of banking products in Kenya showed that up to 95% of SMEs (9 out of 10 companies) in the country use M-Pesa, Vodafone's mobile money service, according to Business Daily Africa. The survey, commissioned by SNDBX, took place between the...
In 2020, the world changed overnight in response to the COVID-19 pandemic. As more organisations adopted and accelerated digital strategies – and with most of us relying on the internet to go about our everyday life – cybercriminals were presented with a huge range of new opportunities to exploit....
After working in Discovery’s R&D lab and being exposed to a broad spectrum of financial services, Thomas Brennan - CEO of Franc, a digital startup that makes investing easy for everyday South Africans - couldn’t understand why only 5% of the country was investing, despite being top in the...
LogBox, a South African medical data startup that claims it is an "absolutely secure" way to replace paper forms and documentation in sharing patient data with doctors, has allegedly exposed user accounts and sensitive patient data following a lapse in security; this according to a report by Techcrunch. According to...
There are currently 180 actively operating health-tech focussed startups across the African continent, according to the High Tech Health: Exploring the African E-health Startup Ecosystem Report 2020 report, released by Disrupt Africa. According to the report, this number of startups has grown by 56.5 per cent over the last three...
South African fintech, Centbee has launched a new feature in its Bitcoin wallet that allows users to purchase prepaid electricity, airtime and data. How to use Centbee to buy essential services with Bitcoin: South African Centbee users will find a new ‘buy’ button in the Centbee app menu where they can...
These days, most entrepreneurs are opting to use co-working spaces as opposed to renting out traditional offices and committing to leases. This means that there is a growing opportunity for people who want to provide these co-working environments in what's called space as a service.  A co-working space provider is...
A South African startup has launched a cheap approach to contact tracing in efforts to help with coronavirus measures. Contact tracing is a method of tracking used in countries like the United Kingdom, Singapore and South Korea to aid in containing SARS-CoV-2 infections. The tracing is able to track exactly...
The GEM SA report – titled Igniting startups for economic growth and social change – contains the facts, data and figures that highlight trends in entrepreneurship in South Africa. The results of the study reveal the fundamentals to consider when developing an informed response aimed at securing economic recovery. Angus...
Nigerian entrepreneur and former Diamond Bank CEO, Uzoma Dozie has launched a digital ecosystem - called Sparkle - that provides financial, lifestyle and business support services to Nigerians across the globe. Sparkle, which has been granted a banking license from the Central Bank of Nigeria (CBN), has been built to...
Opera's African fintech startup OPay remains committed to building a multi-service super app in Nigeria as the foundation to expand on the continent. OPay will also continue to operate ORide for limited passenger service — though the company is shifting the motorcycle ride-hail operation toward logistics businesses. These updates were offered...
New startup Rentoza is Africa's first on-demand rental platform. Started by a group of 4 South Africans convinced the stuff hiding in the bottom of their cupboards and garages should be paying rent for taking up so much space - stuff that they didn't want to sell because they might...
Biotech company 54Gene has increased Nigeria's laboratory testing capacity for COVID-19 with a mobile laboratory in Ogun, a state in the South-West of the country. In addition to its DNA biobank lab in Lagos, the number of molecular laboratories in the Nigeria Centre for Disease Control (NCDC)’s network of coronavirus...
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