Lorem ipsum proin gravida nibh vel velit auctor aliquetenean idelit sollicitudin, lorem quis bibendum auci elit consequat ipsutis sem.
1-677-124-44227

info@yourbusiness.com

184 Main Collins Street | West victoria 8007

Follow us On Instagram

Lorem ipsum proin gravida nibh vel velit auctor alique tenean sollicitudin, lorem quis.
Top

South Africa Tag

Southern African Women Investor Enygma Ventures Is Back With New $7.9m Fund

Enygma Ventures has got the back of female founders in Southern Africa. In its latest move, the Southern African female-founder-focused VC has announced a new $7.9 million fund for startups run by female founders in Southern Africa.  “Never has there been a better time to step up and take your business to the next level. Accessing funding is your opportunity to seize the moment, accelerate your growth, and help build a better world for all,” says Sarah Dusek, Managing Partner and CEO of Enygma Ventures.  Read also: Four Qualities VCs Will Look For In Entrepreneurs In 2021 Here Is All You Need To Know Through the new in partnership with Startup...

20 African Startups Share $350k At Africarena 2020

Strengthening their position as the main accelerator of the African tech ecosystem, the AfricArena summit has announced 20 startups from 18 African countries as winners in the ecosystem and open innovation challenges. The winners walk away with combined prizes of over $350,000 in cash and AWS credits, along with a few lucky winners who will receive tickets to Viva Technology in Paris next year. For its fourth edition, AfricArena hosted this year’s annual summit as a hybrid event, both in person at Workshop 17 in Cape Town and virtually via its AfricArena Air web platform and an innovative new mobile app. — AfricArena Wired. Read also: Why Some VCs...

Private Equity Manager AIIM Completes Its Capital Increase Of US$80m For Its AIIF3 Fund

AFRICA – Private equity manager African Infrastructure Investment Managers (AIIM) has successfully completed a capital increase of US$80 million for its flagship African Infrastructure Investment Fund 3 (AIIF3) fund. The capital increase takes the total commitments for AIIF3 to US$400m and represents one of the largest capital raises closed for an African fund since the advent of the COVID-19 pandemic. Read also: Does Your Startup Need Venture Capital Money? “We are delighted with the continued faith placed in AIIM’s strategy for AIIF3 by some of the most experienced African fund investors. AIIF3 continues its strategy of targeting mid-market opportunities, focusing on executing deals in the US$20m-60m range – a...

Fund Worth R1-Million Opens For Local Fintech Startups

Imvelo Ventures, a South African venture capital company has launched an R1-million funding opportunity for innovative local fintech startups.  Successful applicants will win a share of R1-million in funding. In addition, the selected fintech startups will receive strategic marketing and business strategy mentoring, access to an extensive network of businesses, strong B-BBEE credentials, and business.  Read also: First Bank Launches ATM Without Physical Interactions Fast Track ATM Anton Bauman, Director of Imvelo Ventures sheds light on the type of fintech’s that the new fund is targetted at.  “We invest in South African businesses developing unique fintech solutions for South African problems. We identify startups with a combination of commercial...

Four Qualities VCs Will Look For In Entrepreneurs In 2021

This year has been difficult for everyone, but businesses have faced an especially tough time. A few startups have, however, risen above the storm, managing to continue on their upward growth trajectory. The characteristics they’ve shown to get funding from investors – many of whom are also trying to do more with less – in such a challenging year will be in high demand going forward.  Read also: Black Friday 2020 Breaks E-Commerce Record While those specific qualities may vary slightly in different industries and markets, there are a few universal markers that should set entrepreneurs in good stead.  1.Resilience  In most years, VCs will look for strong growth potential...

Black Friday 2020 Breaks E-Commerce Record

According to online payment processing service, PayFast, Black Friday accelerated online transactions by 50% compared to 2019. PayFast announced a 283% increase in total payment volumes on this years’ Black Friday which surpasses high payment totals that occur on payday. In an official press release, Jonathan Smit, Managing Director and Founder of PayFast explains that Covid-19 has accelerated the eCommerce ecosystem in Africa and as Black Friday approached customers took to online shops to benefit from the Black Friday deals. Read also: First Bank Launches ATM Without Physical Interactions Fast Track ATM “This year’s Black Friday spend surpassed the volumes we’ve seen in previous years. The rapid adoption of eCommerce...

South African Tech Startup Raises R2.2-Million

LetMeIn.to, a local tech startup that has created an innovative software-based access management service, has secured R2.2-million in funding from an undisclosed impact investor.  The funding will be used to expand and scale up the startup’s current visitor and access management platform. Read also: Mozambique Startup Secures $1.5-million The seed fund reportedly provides capital and support to value-aligned entrepreneurs which create businesses that have a positive social impact on society.  LetMeIn.to  Founded in 2020, the tech startup offers advanced access and visitor management solutions aimed at large organisations who might have multiple locations. Earlier this year, in the wake of the pandemic, the startup developed CoronaFighter, a chatbot and web-enabled app...

New VC Fund Launches For SA Entrepreneurs To Expand Into Europe

A new VC fund, The Portugal Gateway Growth Fund will offer South African entrepreneurs and startups the opportunity to access the European market by providing funding and more. Addressing the main challenge that hinders South African startups and entrepreneurs from accessing the European network, the new VC fund aims to provide more than a foot in the door to this large market which is filled with abundant opportunities.   The Portugal Gateway Growth Fund aims to provide resources that will benefit SA businesses and entrepreneurs and drive businesses into the Eurozone.  Read also: 5G Consumer Market To Reach $31 Trillion By 2030 In an official press release, Gavin Goldblatt, managing partner at the...

South Africa’s Absa Is All Out For Startups, Launches 1000 Tech Entrepreneurs Program And Free Banking For Startups

More and more corporates in South Africa are throwing their weight behind startups in the country. Toeing the path of Naspers, one of the country’s leading banks, Absa, has launched the 2nd Phase of its 1,000 Tech Entrepreneurs program, an initiative aimed at giving local entrepreneurs the opportunity to set up technology companies. The 12-month program aims to assist founders with business growth and development. The program consists of bootcamps that have already begun at the beginning of November 2020. It will end in March 2021.  “This year has shown us more than ever, that large corporates should be supporting entrepreneurial ventures in order to create...

Why Mentorship Can Make Or Break Your Startup

Having a mentor when you start a business can be as important as the actual product or service you’re selling. While the research on the positive impact of mentorship is clear, so many entrepreneurs still don’t have a mentor.  The journey is long and challenging. To have a mentor as a guide during these early and crucial stages is essential. In 2019, a study was done to determine what South African small business owners and entrepreneurs gained from having a mentor. According to their findings, of the 209 South African recipients surveyed the majority of the respondents, 73.7% (154), had one or two mentoring relationships. Only 8.10% (17) had...

Select your currency