Sunday, May 19, 2024
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Startups South Africa

SA Edutech Startup FoondaMate Raises $2-Million in Seed Funding

South African edutech startup FoondaMate, that offers a chat-based, AI-powered studying platform has announced that it has raised $2-million during a round of seed funding. 'FoondaMate' takes its name from the isiZulu word for study (funda) and the English slang...

SA Payment Group Adumo Acquires Fintech Startup SwitchPay

Adumo, one of South Africa’s largest independent payment processors, today announced it has acquired SwitchPay, a South African startup providing alternative payment services to merchants and retailers, for an undisclosed amount. According to Adumo CEO Paul Kent, the investment comes...

This Fintech Startup Built SA’s First Buy Now, Pay Later Platform for Existing Credit

A home-grown fintech start-up, Float, has brought South Africa’s first interest-free Buy Now, Pay Later (BNPL) product that uses a customer’s existing credit, to market. This novel product enables consumers to get their purchases upfront and use existing credit to...

Safetech AURA Raises $4.7-Million in Huge Series A Funding Round

AURA, a leading African-based security and medical response marketplace, has secured $4.7-million (R62 million) in a Series A funding round, which was led by South Africa's MultiChoice Group (MCG), KLT Holdings and Buffet Investments. This latest round positions AURA favourably...

Top 4 Most Trending Stories – Week in Review

As this week comes to a close we take a look at the stories that resonated most with our readers. This week, our readers sought information about Black Friday in South Africa, and around what President Ramaphosa had to say...

SA’s ‘Startup Act’ – Here’s What President Ramaphosa Had to Say

This week, the Presidential Office held a special meeting with individuals from various organisations that are invested in the growth and support of local entrepreneurs and businesses to discuss what is needed to eliminate the red tape obstructing the...

Incubation Hub for African Entrepreneurs Opens in Johannesburg

Unicorn Group, a pan-African, investment company targeting innovative ideas, start-ups, and early-stage companies in the technology and technology-enabled sectors across Africa has launched the Unicorn Incubation campus in Johannesburg, South Africa. The Unicorn incubation and innovation campus aims to host...

South African E-Learning Unicorn Raises $200-Million in Series D Round

Go1, one of the world’s largest corporate education content hubs for on-demand training and resources, recently announced a $200-million Series D round - valuing the company at more than $1-billion. The online learning platform, co-founded by South African Melvyn Lubega...

The Top African Regions Set to Become Startup and Investment Hubs

On the back of Cape Town being recognised as the tech capital of Africa, topping international rankings for foreign direct investment strategy, Ian Lessem, Managing Partner at HAVAÍC – investors in early-stage, high-growth technology businesses – says several other...

There Are More Fintech Startups in Africa Now Than Ever Before

Africa’s fintech sector is growing and maturing, with more startups active in the space than ever before, platforms increasingly offering a variety of services, and investment and acquisitions taking place to an unprecedented degree. Every two years since June 2017,...
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Latest News

African Fintech Giant Ranked as Fastest-Growing

The world’s leading financial publication confirmed Moniepoint’s accolade in its annual “Africa’s Fastest Growing Companies” survey, released yesterday. It...
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