Laboremus Uganda, the B2B fintech that enables onboarding at scale, has received a funding boost from DOB Equity and FCA Investments to grow the company’s fintech platform in Uganda and neighboring markets. Laboremus’ platform helps banks and fintechs verify their customers’ identities and onboard them as customers. This alleviates one of the key bottlenecks in […]
Search Results for: digital credit
On 17 March, ITWeb reported that credit bureau, TransUnion South Africa, is currently in an ongoing battle with a hacker group that is demanding a $15 million (R223 million) ransom over four terabytes of compromised data. The hacker group, going by the name N4aughtysecTU, which claims to hail from Brazil, is alleging it breached TransUnion […]
Africa’s first digital in-store lay-by app is aiming to create financial inclusion throughout the continent – starting in South Africa. Local fintech startup LayUp is taking the lay-by process into the 21st century – for merchants and consumers – with a mobile app and rollout of a terminal app via payment & merchant solutions provider […]
Applications Now Open for the Telecel ASIP Accelerator, powered by Startupbootcamp AfriTech Over the course of 2021, African tech startups raised $4.42 billion in funding[1] – almost double the record-breaking $2.4 billion raised in the previous year[2]. “With investment in African innovation increasing, so too has the demand for hands-on support and access to markets from […]
Adanian Labs has launched the Adanian Labs Venture Building Program call for startups for 2022. The program invites applications from tech entrepreneurs for the 2022 cohort of exceptional startups to join Adanian Labs in Kenya, Tanzania, Zambia, Nigeria and South Africa. Since its establishment in 2020, Adanian Labs has incubated fourteen (14) groundbreaking tech startups across […]
Heineken’s proposed R40.1 billion offer for Distell is the latest in a series of notable bids for large South African businesses. This follows DP World’s recent proposed R12.7 billion offer for Imperial Logistics and PepsiCo’s R26 billion acquisition of Pioneer Foods in 2020. A key driver for all three deals is using the local companies […]
A major annual event for Afro-European Tech players, the EMERGING Valley International Summit will be held phygitally on December 14, at the Palais du Pharo in Marseille, with over 200 speakers and 2,500 digital and face-to-face participants expected. The event is open and free of charge to everyone, just sign up on the official website. EMERGING Valley is delighted to […]
Airtel Money, the dedicated mobile money platform, is driving better efficiency for businesses to engage in seamless mobile money activity with its upgraded Airtel Africa Developer Portal. The portal, using several Open APIs and solutions, integrates remote payments with Airtel Money wallets, to provide greater ease of access for Airtel Money services across multiple business […]
The Invest in the Democratic Republic of Congo Forum addressed major investment opportunities within the country, and brought together stakeholders to discuss policies and ideas, in order to bring in FDI towards DR Congo, at the Expo 2020, Dubai, UAE. The Invest in the Democratic Republic of Congo Forum was held on the 17th of […]
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 growth of small and medium enterprises. Among them were representatives from the South African Startup Act […]
Digital innovation has evolved payments solutions at breakneck speeds. Everything from contactless payments, QR codes and digital wallets … consumers today have so many new ways to pay. The big challenge, however, is to ensure that the millions of South Africans who still use cash are able to access these services. “Unfortunately, cash still dominates […]
“Africa’s new bank for startups and SMEs” to expand to South Africa & Kenya following funding Brass, a Nigerian digital bank delivering easy access to affordable premium banking services for small and medium-sized businesses (SMEs), has today secured $1.7mn in funding to address the heavily underserved banking needs of local entrepreneurs, traders and fast-growing businesses. […]
African automotive company aims to increase its footprint across East Africa Nairobi, Kenya – Autochek, the automotive technology company that aims to facilitate auto finance across Africa, has officially widened its operations to Kenya as part of its pan-African expansion. To lead its Kenya operations, Autochek has appointed Bilhah Muriithi as the Country Manager. Having […]
FSD Africa, the UK Government’s flagship financial sector programme in Africa, is making an initial investment (£650,000) in a highly innovative digital solution connecting carbon credits from small-scale green projects across the global south to international buyers. The investment will deliver funding through the test phase of the solution being developed by Nick Hughes, who […]
An ambitious, new collaborative initiative to tackle plastics waste and pollution has today launched in Kenya. The Kenya Plastics Pact (KPP) will bring together stakeholders across the plastics value chain to create a circular economy for plastics. The Pact brings together businesses, governments, researchers, NGOs, civil society, informal waste sector players, and other stakeholders across […]
It was all systems go at the inaugural Demo Day for the Telecel Group Africa Startup Initiative Program (ASIP), powered by leading tech accelerator, Startupbootcamp (SBC) AfriTech. For the top ten startups selected from a pool of over 2,200 applications, it represented the culmination of three months of hard work, great effort, and the promise of a bigger future. […]
Did you know that the country’s national savings rate jumped from 14.2% in December 2020 to 18% in the first quarter of this year – the highest it has been since 2010 [i]? According to the South African Reserve Bank, this is a reflection of household spending patterns amid the uncertainty around the COVID-19 pandemic. Hennie Blignaut, […]
By: Shai Reshef, President of the University of the People (UoPeople) University of the People (UoPeople) launched an Education Revolution in 2009 that has exploded in recent years to become the fastest-growing online university in the world. UoPeople’s innovative tuition-free model of higher education is quickly gaining momentum among South African students looking at cost-effective ways […]
The world is currently in the midst of a technological revolution. Technology has taken over our lives and it's become difficult to imagine life without the internet, social media, or mobile phones. The digital age has also created some negative consequences such as cyberbullying and other online dangers. Weownomy aims to make things easier for […]
Fraudsters do not discriminate. As we continually move towards the adoption of a digital and more importantly ‘touchless’ era, the platform for fraud increases. Fraud is a fraudster’s business and they often use the same business tactics we use in legitimate business, the difference being that they don’t have customers, they have victims. Thanks to […]
Over the weekend of the 19th and 20th of June 2021, Silicon Cape and the U.S. Mission to South Africa hosted a virtual hackathon aimed at discovering digital solutions to accelerate inclusive economic growth for local businesses in the township economy. This was the third of four hackathons which form part of an initiative called Hackathons for South Africa: Digital […]
Telecel Group Africa Startup Initiative Program (ASIP), with Africa’s top early-stage tech Accelerator, Startupbootcamp Afritech, has selected the 10 tech startups that will participate in the inaugural ASIP Accelerator. The program received a record 2229 applications and managed to narrow it down to the Top 10, with the help of investors, corporate stakeholders, and industry […]