Category: South Africa

AfricaArena Announces The 2018 World Tour To Introduce Top Startup Talent To Global Investors

Wesgro & Silicon Cape have announced that they will be hosting the AfricArena 2018 International Africa Tech Conference in Cape Town on the 15th & 16th of November for a consecutive year. In addition to hosting the prestigious tech conference, the duo will include the 2017 conference winners to their Investor “World Tour”. The key themes for this […]

With Trash Bins As Last Resort For Fresh Food, SA’s JustNow Is Helping Retailers Combat Their Wastage Problems

In 2009, according to Champions 12.3, approximately one-third of all food produced in the world was lost or wasted. Sound like a business opportunity? JustNow has taken it upon itself to address what is a global epidemic, with a South African context. Food waste costs South African retailers USD 1.7 bn annually and JustNow has […]

South Africa’s EdTech Startup SkillUp Tutors Secures Investment From Knife Capital

Cape Town-based startup SkillUp Tutors, an online education marketplace, has secured Series A funding round from Knife Capital. The investment size remains undisclosed in the press release. The EdTech startup connects parents and students to skilled and vetted tutors based on grades, subject, location, and budget.   Launched in 2016, SkillUp has been angel-funded to […]

Fueling It’s Aim To Upskill Over 3,000 Developers By 2021, CiTi Group Receives USD 20.7 Mn Funding

The next three years of development are set to be some of the busiest for the Cape Innovation and Technology Initiative (CiTi) group after they announced that they will be launching a three-year programme run through its CapaCiTi initiative. The mandate is to train 3000 developers by 2021 through its technology skills and job readiness programme. […]

South Africa’s Recruitment Startup Giraffe Secures Funding From Edge Growth’s Vumela Fund, Omidyar Network And Others

Recruitment platform Giraffe has piqued interest by announcing a successful round of funding. The equity funding was led by prominent hitters Edge Growth’s Vumela Fund, followed by Omidyar Network, Forever Young Capital, and Catapult Trust. Having identified a niche market for businesses and the need to drive high volumes of quality staffing, the Johannesburg based […]

Helping people ‘Hear The Future’, SA’s HearX Group Ties Up With American Academy of Audiology to set foot in USA

According to a 2016 study by the National Institutes of Health NIDCD, approximately 15 percent (37.5 Mn) of American adults aged between 20 and 69, have some trouble with hearing and approximately 28.8 Mn could benefit from the use of hearing aids. In response to this grave problem, American Academy of Audiology has collaborated with hearX group, an e-health startup from South […]

Cape Town HealthTech Startup Vula Mobile “Opens” Door To USD 83 K

Touted by experts as the next big tech frontier in Africa, the health tech sector is starting to see an increase in innovation. South Africa’s latest e-health tech to raise funding is Cape Town-based Vula Mobile. The company was founded by Dr. William Mapham who first felt the need for a system that connected healthcare […]

South African Fintech Startup JUMO Bags USD 3 Mn In Equity Investment From Proparco

South African Startup JUMO, raised an equity investment of USD 3 Mn from Proparco, as disclosed in a recent press release. JUMO is an emerging market technology Fintech start-up that offers unbanked or under-banked people access to financial services via their mobile phones. On raising the fresh round, Andrew Watkins-Ball, Founder and CEO of JUMO said, […]

Dimension Data Former CEO Invests USD 830 K In Johannesburg Based Gather Online, Joins The Board

Gather Online has just appointed former Dimension Data CEO Brett Dawson as its board chairperson. Dawson has not only joined the board as its chairperson but is also now the company’s largest external investor after a USD 830 K investment in the company. His outlay has seen the ex-chief take up a 10% stake in […]

A Comprehensive List Of Co-Working Spaces In Cape Town For Startups

The working styles of startups have seen tremendous change over the years as they have to operate from multiple locations with scattered teams. This also brings about challenges in having to set up offices at multiple places. Coworking space is playing an essential role in providing solutions to these challenges. It also promotes building a […]

South African P2P Lending Startup Rainfin Acquires Stake In 4AX

Peer to peer lending has become an alternative source of funding for many entrepreneurs looking for investment and equally for investors looking to diversify their resources. Rainfin has used a crowdfunding model to disrupt the loan industry in South Africa and as a sign of its continued growth, it has concluded the acquisition of a tactical stake […]

Hewelett Packard Enterprise Acquires South African Startup, Cape

Hewlett Packard Enterprise, HPE, in a news release, announced a definitive agreement to acquire Cape Town and San Francisco based Cape Networks. It is said to become a part of Aruba, a Hewlett Packard Enterprise company and will expand Aruba’s Artificial Intelligence (AI) powered networking capabilities with a sensor-based service assurance solution that gives customers a simple, […]

Chat To Get Insured – FinChatBot Is Boosting The Conversions For Insurers

Ever faced a long holding time while connecting to a customer support channel? The answer, a resounding YES. But wait, that was an old trend, chatting on apps is in vogue, and millennials are embracing this trend worldwide. With over 5 Billion users worldwide, instant messaging has become the preferred mode of communication. The rise in the […]

Banned In Egypt, Tipping Feature In South Africa -The Uber Anomaly

Coming out of a tumultuous week, Uber has had its license withdrawn and doors shut in Egypt after a drawn-out court ruling. However, they are not the only ones to suffer this fate. Fellow competitor Careem has also been dealt the same blow after Egypt’s Administrative Court ruled in favor of 42 taxi drivers seeking […]

Data Centre Provider Teraco To Expand Its Cape Town Facility And Build Another In Gauteng

Teraco that completed its Bredell hyperscale data centre last year, with deployment of space of over 6000m² and a municipal power supply of 24MVA, is planning to expand its Cape Town facility. Cape Town, though a smaller regional market for Teraco, due to the increased commercialization of cloud, has started to flourish. Van Wyk, CEO,  says that […]

China’s Tencent Loses $24 Billion In Market Cap After Naspers Cuts Down 2% Stake

South African media giant Naspers is selling up to 190 million shares in China’s Tencent. The accelerated bookbuildsale could earn Naspers up to $11 billion. The  2% cut in the maker of WeChat and QQ will get Naspers holding to 31.2% from  33.2%. Naspers entered Tencent Cap-Table in 2001 with an investment of $32 million, which […]

Knife Capital Backs Cape Town’s Machine Learning Startup DataProphet

Cape Town-based DataProphet that develops and implements product development solutions to a wide range of industries, with a specific focus on the manufacturing sector has received an undisclosed amount of capital from Country’s Knife Capital. The investment is speculated to be a multi-million dollar deal. The funding will be applied to boost the company’s innovation capabilities […]

South African Fintech Startup Entersekt Lands Its Third Best Mobile Security Technology Award

South Africa based financial security solution Entersekt has clinched the award for Best Mobile Security Technology for the third time at the 2018 Banker Africa’s Southern Africa Banking Awards. Entersekt uses an innovative push-based authentication solution along with digital certificate technology to protect customers from online fraud. The awards program is open to all banks and financial […]

Spotify Arrives In South Africa, Launches Premium Service at USD 5

Spotify, the world’s largest global music streaming subscription service, has launched in South Africa. A press conference will be held today to formally announce the same. The service went live yesterday afternoon, and offers the Premium service at $5.09/month (R59.99) with a free 30-day trial. A free tier is also available. Although Premium price matches the local […]

With 100,000 Downloads And Strong Partnerships, South Africa’s Walletdoc Plans To Capture The E-Billing Landscape

Leonard Shenker attributes that combining his industry experience in the payment space with the software and gaming experience of his partner Dan Wagner has been one of the cornerstones of Walletdoc’s success. He contends that “Building the right team is what matters”. Between him and Wagner, they have merged their disciplines to create a mobile […]

Go.Explore Is Officially The Next Disruptor!

After a weeklong roadshow that included disruptive innovation workshops and pitching boot camps across the University of Cape Town, University of Western Cape and Stellenbosch University, the Disruption 48 finale saw enthusiastic ideas and budding talents participate in the event. “Disruption 48 is always keen to work with all universities allowing all students to interact […]

This SA App Adds To Your Shopping Thrill With Cash Back Into Your Bank Account – All You Need To Do Is – Snap And Save!

Discounts and deals have long enticed humans. Who doesn’t like a bargain? It’s pretty logical, and also psychological. The mental rush associated with saving money is well established. However, some studies indicate the excitement of redeeming a coupon is greater than simply paying less for a product that is not discounted. According to Psychology Today, […]

This South African Startup Gets You a Table At Your Favourite Restaurant In a Jiffy

In a culture where passion for good eating runs so deep, it’s a given that everyone loves food. The evident shift from eating-in to eating-out has not escaped our attention. Merging Tables and Aisles, a report by Nielsen found that Americans eat out more than ever before. In another recent trend spotted in many developing […]

Not Just Rains, These Startups Too Can Bring Respite Amidst Cape Town’s Water Crisis That Looms Large

Water Water Everywhere, Not A Drop To Drink ? Who had imagined that Capetonians would come so close to meeting the fate of ‘The Ancient Mariners’? Three years of critically low rainfall, coupled with increasing consumption by a growing population has drawn closer what the authorities hail as Zero Day.  The six main dams that feed […]

Announcing Our First Flagship Event, “Disruption 48” for African IdeaPreneurs

While there are a number of events and Entrepreneurship conclaves that focus on startups already having good visibility and traction, there is a big need for a support system for that young yet dynamic mind which may be brewing the next big idea, “the IdeaPreneurs”. At WeeTracker, we have worked closely with early and growth […]

South African Bitcoin wallet Centbee raises funding from nChain

South African startup Centbee, a Bitcoin wallet provider that facilitates transaction between global consumers, retailers and other merchants using Bitcoin has raised money from nChain Group. The funding deal was made through the nChain Group’s investment entity, nChain Reaction Ltd as stated in the press release yesterday. Founded by co-CEOs, Lorien Gamaroff and Angus Brown, the Centbee wallet […]

South Africa’s wiGroup secures investment from Virgin Group, Smollan

Mobile software firm wiGroup announced that it has secured investment from two leading global companies to fast-track its entry into emerging and developed markets in a press release today. The deal terms and stake amount remain undisclosed. This follows similar investment from Investec Asset Management in 2015. As per wiGroup CEO Bevan Ducasse, the investment […]

South African startup Sxuirrel raises $176k funding

Sxuirrel, a Stellenbosch based peer-to-peer storage and space finding solution, has secured seed funding of R2.4 million from a strategic partner investment holding company with interests in the storage, logistics and transport industry, in return for a minority shareholding. Sxuirrel which describes itself as the “Airbnb for storage and space solutions” claims to be South Africa’s […]

HAVAÍC announces R4.5m investment in healthtech startup RecoMed

South African venture capital (VC) firm HAVAÍC announced today that it has led a fully subscribed equity raise of R4.5-million in Cape Town healthtech startup RecoMed. The investment was secured by HAVAÍC, the Association for Savings and Investment South Africa’s Enterprise and Supplier Development (ASISA ESD) Fund, and Growth Grid Venture Capital Partners. It comes after Recomed founder Sheraan […]

Mastercard Partners with Durban based Spazapp

Mastercard has announced a partnership with Spazapp, a Durban-based tech company, to offer mobile payments to informal traders and convenience stores, better known as spaza shops, in South Africa. By combining their expertise and reach, the companies intend to unlock economic growth by helping informal micro-businesses connect to formal markets and digital payment systems. The […]

South African Fintech startups secure USD 70k each from Merrill Lynch & Royal Bafokeng

Four South African fintech startups have each won R1-million (USD 70K) at a pitching event held earlier this week by AlphaCode. The event – which took place last week – is an initiative of Merrill Lynch South Africa and Royal Bafokeng Holdings, and aims to reward fintech entrepreneurs and assist them in growing their businesses. After 10 startups pitched […]

SA’s Knife Capital and Candy Crush Founders invest in Swedish Mobile and Sensory Technology

Cape Town based Venture Capital firm Knife Capital has made its first European investment alongside the founders of the British and Swedish games studio: King Digital Entertainment. Facilitated through Knife’s London office, The VC has participated in a USD 1.5 mn funding round in Stockholm-based Mobile and Sensory Technology (MOST). As a hardware and software start-up, MOST […]

Blockchain enabled Fintech platform Wala gets funds from Newtown Partners, plans ICO

Wala, a Cape Town based blockchain-powered financial services platform for the unbanked and underbanked, secured an undisclosed amount of equity investment from Newtown Partners. The newly injected funds will enable the startup to deliver on the promise of zero-fee financial services including insurance, transactional banking, remittances and loans for the 3.5bn consumers currently excluded from […]

South African startup Naked raises $1.4m from Hollard and Yellowwoods

South African insurtech Startup Naked Insurance have raised ZAR20 million (US$1.4 million) from Hollard, SA’s largest privately-owned insurance group, and private investment firm Yellowwoods. The startup will use technology to transform the insurance business model to give customers a faster, fairer and more flexible insurance experience. It is led by actuaries Alex Thomson and Sumarié […]

SA’s Digital Cabinet raises USD 350K from HAVAÍC and Growth Grid

Cape Town based Cloud Storage startup Digital Cabinet which offers companies cloud-based paperless document and workflow management solutions has secured R5-million (USD 350K) from a consortium of individuals led by HAVAÍC, an investment and advisory firm and Growth Grid Venture Capital Partners, a registered section 12J VC fund founded by Roy Fine and Rob Ferguson. Since the commencement of […]

Game-changers: SA’s 10 most promising Fintech Startups

Africa’s fintech startups have secured over US$92.5 million in investment since 2015 as per a report by Disrupt Africa.  It  also finds that South Africa has the most fintech startups (32.4%) across the continent. Our extensive exposure to the Tech ecosystems of India, USA, China, Japan and South Korea has helped us draw insights on […]

Subscribe to our Newsletter #StartupMedley - sautéed with swag!