Ithala Bank-backed FinTech startup BlackPay announced the launch of a number of loan products tailored for traditionally black festivities. From the product names – Lobola Loan, Mcimbi (traditional ceremony) Loan, etc. – BlackPay has carved out features that address the specific needs of its market, powered by its alternative credit scoring technology which is approved …
Ivory Coast based e-commerce platform Afrikrea has rebranded to ANKA while successfully completing a US$6.2M pre-Series A round led by Investisseurs & Partenaires. The new investment includes participation from Alibaba’s Executive Vice Chairman Joe Tsai, BESTSELLER Foundation, VestedWorld, Enigmo, Groupe Prunay and Rising Tide Africa. They join existing investors SAVIU Ventures (who is also participating …
The COVID-19 pandemic has impacted the world in various ways and created shifts in some technology startup sub-sectors. It revived several that were previously in decline, like Gaming and Edtech. According to a report by Startup Genome, a policy advisory and research organisation, the impact of COVID-19 has seen rapid growth in the market share …
Naspers Foundry has invested R54 million in Planet42, a startup company that provides rent-to-buy car subscription to people who cannot access traditional bank credit. Planet42 was founded in 2017 and aims to bridge the “mobility inequality” – in a country where vehicle funding is largely dependent on access to vehicle finance and banking history. Naspers …
Naspers makes R54m investment in alternative vehicle finance startup | Fin24 Read More »
Founded by Gil Sperling and Daniel Levy, Flow is a South African proptech startup that automates rental and seller listings on Facebook, Instagram, and LinkedIn and drives pre-assessed leads straight to the phones of the listing estate agents and landlords. Having achieved consistent 30% MoM growth since launch and secured $2.4m backing from various venture …
South African proptech startup expands to Australia Read More »
Google’s first investment from the Africa Investment Fund — launched by Sundar Pichai, CEO of Google and Alphabet, at Google for Africa in October — is in SafeBoda. SafeBoda app was launched in 2017 to connect passengers to their community of safer and trusted drivers and since then SafeBoda has grown to serve over 1 …
SafeBoda is the first startup to benefit from Google’s Africa Investment Fund Read More »
Naspers-backed SweepSouth, Africa’s largest online home services platform, today announced it has bought Egyptian startup Filkhedma, a home services marketplace operating across three cities. Filkhedma services tens of thousands of customers with cleaning, maintenance, and beauty services while empowering over 2 000 service providers through technology with consistent incomes and professional development. “We are thrilled …
Naspers-Backed SweepSouth Buys Egyptian Startup Filkhedma Read More »
Starting a business requires commitment, resilience, and most importantly, money. Access to funding is a major stumbling block when starting a business. Here are a few places you can look at before you give up your dream. SMME’s are important for any economy. As a small business owner, your role in growing the South African …
AI-BO, a research platform that allows businesses to survey their targeted audience through WhatsApp, aims to democratise research by delivering insights and survey data to small businesses in just 2 – 3 days. AI-BO was founded in April in collaboration with The Delta, a local venture builder. At its core, AI-BO’s mission is to help …
South African Startup AI-BO Disrupts The Market Research Space Read More »
Cape Town-based online advertising tech startup Adbot has secured R7-million ($500 000) in capital raise from Enygma Ventures, an investment funding dedicated to supporting female entrepreneurs and women founders in Southern and Eastern Africa. Adbot secures R7-million in funding Lelemba Phiri, operating partner of Engyma ventures provides insight into why they decided to fund Adbot. …
Cape Town tech startup secures R7-million in funding Read More »
