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Technology

Kashier Payments Raises Seed funding To Facilitate Electronic Payments For Egyptian Businesses

Egyptian startup Kashier Payments, a payments platform built to empower and simplify your business, has successfully raised a Seed investment round of funding, led by Glint Ventures, with participation from a group of strategic investors. Founded in 2017 by Khaled Raslan, Mohamed Hossam, and Mohamed Mohsen, Kashier launched its online payment acceptance services in 2019 obtaining the required approvals as a Payment Facilitator and Payment Service Provider and entered into a strategic partnership agreement with two of Egypt’s leading acquiring banks. Read Also: Report Reveals Record Investment In Local Venture Capital Landscape Kashier empowers businesses with a unified payments platform by providing them with simple yet efficient tools to make it...

Applications For V&A Waterfront Kitchen Incubator Opens

The V&A Waterfront’s, Makers Landing, a development created by the V&A Waterfront in partnership with the National Treasury’s Job Fund has opened applications for its Food Lab incubation programme.  Applications close on 23 October 2020  Westleigh Wilkinson, Makers Landing Project Lead provides insight into the aims of the programme and Makers Landing.  “We have developed a value-driven approach for Makers Landing. Our plan is to immerse our entrepreneurs in an inclusive and innovative space, where they will be nurtured by food industry mentors who are influential and successful in their own right. By matching natural creativity and passion for food with knowledge and new skills gained, our entrepreneurs will...

Report Reveals Record Investment In Local Venture Capital Landscape

 The latest report by The Southern African Venture Capital and Private Equity Association (SAVCA), titled the  SAVCA 2020 Venture Capital Industry Survey has revealed that the local venture capital landscape experienced record investment and exit activity in 2019.  According to Investopedia, an exit refers to when an investor, trader, venture capitalist, or business owner decides to liquidate a position financially when their financial goals or aims have been met or exceeded.  Although local venture capital investors may have experienced a significant slowdown in deal activity due to the impacts of Covid-19, the report indicates that a total of 38 exits took place in 2019.  According to SAVCA, this number is...

Trace Group Acquires SA production Company Okuhle Media

South African audiovisual production company Okuhle Media has been acquired by Trace Group. This acquisition sees Trace take a majority stake in one of South Africa’s leading content production companies. Okuhle Media is a Cape Town-based media production house that was is established in 2013. The company produces, develops and licences content for commercial and public television stations. Okuhle Media also develops content for streaming services in South Africa, Europe and the rest of the world. Okuhle Media’s content has won and been put up for awards like the South African Film and Television Awards’ Golden Horn Award. Trace Group French-based company which has a stake in both video and audio media...

Platform Capital Invests In Big Cabal Media, Appoints Dr. Akindele To Its Board

Platform Capital (Platform), a leading growth markets investor, has announced its investment in Big Cabal Media (BCM), a leading digital media publisher in Africa, operating out of Nigeria.  BCM is building Africa’s media brands of the future, creating high-value publications, original content, and technology products for African audiences on and off the continent. Big Cabal currently publishes TechCabal and Zikoko, while working with brands through its Cabal Creative Studio. TechCabal provides insight into startups, innovation, and technology in Africa through its reporting, data, and events. It serves a global audience of business professionals, investors, entrepreneurs, and those curious about the impact of technology in Africa’s evolution. Zikoko creates high-engagement content around youth culture in and...

Naspers Foundry Invests In The Food Service Industry, With Stake In Food Supply Network

Naspers Foundry, the venture capital subsidiary of the South African group Naspers, has concluded its third deal with an undisclosed investment in Food Supply Network (FSN), a food systems integrator. The subsidiary was launched in October 2018 with a fund of 1.4 billion rand ($85.2 million) and has already invested in two projects for a total of 130 million rand. “We’re extremely excited about our partnership with Naspers Foundry. Naspers brings unparalleled global experience, marketplace expertise, and extensive networks to the table. Their capabilities complement our own, as well as those of our existing partners at Venturen, who also participated in this round. Naspers shares our...

South African Crypto Startup Luno Acquired By World’s Largest Blockchain Investor

Good news for founders and investors in leading South African cryptocurrency exchange, Luno. Digital Currency Group (DCG), a global enterprise that builds, buys, and invests in blockchain companies, has announced that it has acquired the company, 7 years after it was started. Good news for founders and investors in leading South African cryptocurrency exchange, Luno. Digital Currency Group (DCG), a global enterprise that builds, buys, and invests in blockchain companies, has announced that it has acquired the company, 7 years after it was started. Here Is What You Need To Know Nothing is however changing in the leadership team of the company as Luno’s team will remain intact and Swanepoel will lead acquisition...

Why Good Governance is Key to AI Readiness

The events of 2020 have opened the world’s eyes to digital transformation as never before. Despite many people not being aware of the term, remote learning, working and socialising has seen people embrace more technology than ever. Much of this adoption is of technology that has been around for quite a while, but more and more, we’re seeing some advanced services and solutions being spoken about as countries and companies look to emerge from the crisis stronger. One of these, probably the most prominent, is AI. AI seems to make a regular appearance in success stories surrounding COVID-19 specifically. Lebanon is a case in point where citizens...

Why Ripple might be the future of digital payments

Ripple, the world’s fast-growing crypto payment powerhouse, works with bank regulators and policymakers in several governments for the adoption of digital payments. CryptoWhale, a crypto analytic firm, in a series of tweets, recently spoke on the odds of giving XRP the edge, as it works with government regulators on compliance. Read also; Your Startup Is a Movement The tweet reads, “Many criticize XRP for being ‘too centralized’, although this transparency is what government like,” “While other projects are focused on getting a quick batch of new investors to exit scam, Ripple has quietly been working with government agencies to ensure compliance.” At the time of this report, XRP traded at $0.241, with a daily trading...

Bonfire Ventures Ignites $100M Fund II (Exclusive)

Bonfire Ventures, the Santa Monica seed-stage venture fund that has carved a niche focusing exclusively on unsexy but potentially lucrative business-to-business (B2B) software, has closed its second fund with $100 million in dry powder, up from the $63 million fund it closed in 2017. Adopting an "if ain't broke, don't fix it" ethos, little will change with the latest fund, except initial check sizes will be larger, though not dramatically so, averaging $1.75 million versus $1.25 million for Bonfire I. 60% will be set aside for follow-up investment. "What we're doing is working well and we want to do more of it," said Bonfire co-founder and managing director Jim Andelman. "We're...

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