Tagged: south africa

Bitcoin Trader Abducted, Tortured, Robbed in South Africa

Gun Hold Up Crime Arrest Mug

A South African Bitcoin trader is recovering in intensive care following his abduction and torture by bandits who allegedly robbed him of almost $66 000 USD in Bitcoin and cash. According to Soweto Urban, the man agreed to do a talk on cryptocurrency for a… Read More

Kidnappers in South African Case May Have Demanded Bitcoin Ransom

A South African businessperson kidnapped two months ago was returned safely to his family this week amid rumours that captors demanded a ransom of 50 Bitcoins for his release. According to The South African, Liyaqat Parker, 65, was kidnapped from the parking garage under his workplace… Read More

Commissioner: South African Crypto Traders Under Tax Authority’s Radar

The commissioner of the South African Revenue Service (SARS) told attendees at an auditors’ conference in Sandton this week that SARS is stepping up efforts to identify crypto traders and collect related taxes, FIN24 reports. “The key thing is identifying people who are trading because… Read More

African Banking Group Absa Forms Partnership With Samsung South Africa to Offer Customers Early Access to Samsung Pay

Absa, a South Africa-based financial services group, announced this week it has teamed up with Samsung South Africa to offer customers early access to Samsung Pay before the service is commercially launched in South Africa.  Arrie Rautenbach, CE of Absa Retail and Business Banking stated that… Read More

Wirecard Debuts Fully Digital Payment Product in South Africa

Wirecard, a Germany-based global provider of digital payments and commerce solutions, announced on Wednesday it has launched of its digital payment product, secureEFT, in South Africa. According to Wirecard, secureEFT is an instant electronic funds transfer payment service that allows customers to make secure online… Read More

South African Fintech Vio Digital Launches Blockchain-Based Money Transfer App

Vio Digital, a South Africa-based fintech startup, announced on Thursday it is launching a new blockchain-based money transfer app to make it easier for customers to transfer money from person to person anywhere in the world. The company reports that across Africa, remittance solutions are typically… Read More

Startupbootcamp Participant Fo-Sho Plans to Expand Insurtech Products in South Africa

Fo-Sho, a South Africa-based insurance company and Startupbootcamp accelerator participant, announced this week it is planning to expand its insurtech product services in the region. Founded in 2016, Fo-sho describes itself as a South African insurtech startup that is powered by “cool” technology and using innovative… Read More

UK Mobile-First Fintech Solutions Company Entersekt Debuts Digital Payments Enablement Product

Entersekt, a South African-based fintech, announced this week it is launching a digital payments enablement product, Connekt, which will add new payment services to banking apps notably quickly and easily. According to the company, Connekt helps financial institutions resolve this quandary. It puts at their disposal… Read More

South African Crowdfunding Platform BackaBuddy Hits R50 Million Milestone

South African crowdfunding platform BackaBuddy recently announced its campaign has successfully raised a total of R50 million since its launch from more than 70,000 donors. Founded in 2007, BackaBuddy revealed that its online fundraising functionality is designed to help individuals raise funds for causes they… Read More

China: WeiyangX Fintech Review

Regulators in China are Said to Plan a Blanket Ban on Initial Coin Offerings In response of the ICO craze, regulators in China including PBC, CSRC and NIFA have held several internal meetings to discuss the best approach to regulate this emerging token creation events…. Read More

Envestnet|Yodlee Partners with South African NextGen Fintech AlphaCode

Envestnet | Yodlee (NYSE: ENV), the data aggregation and data analytics platform powering cloud-based innovation for digital financial services, today announced a strategic partnership with AlphaCode, a collaborative club for next generation financial services entrepreneurs in South Africa. “The fintech landscape, combined with Africa’s entrepreneurial spirit,… Read More

Brief: Deloitte Digital Acquires South African Fintech Business, Jinga Interactive & its Robo Advisory Services

Deloitte Digital (Africa) acquired the fintech services business Jinja Interactive, according to IT Online. The acquisition of Cape Town-based Jinja Interactive will boost Deloitte Digital’s growing value chain of digital expertise, particularly in digital financial services and fintech innovation.   “We’re very happy to have the… Read More

Brief: Bondora Opens European Personal Loan Marketplace Platform to U.S. Accredited Investors

Bondora, a pan-European marketplace lender, opens to accredited investors from the United States, Canada, Mexico, Brazil, South Africa, India, Hong Kong, Singapore, Japan and Australia. The platform now allows global accredited investors to invest directly into personal unsecured loans across three European markets including Spain,… Read More

Global Real Estate Crowdfunding Site Wealth Migrate Looks to Asia for Rapid Expansion

Scott Picken is based in South Africa but he clearly thinks big when considering the addressable market for his real estate crowdfunding platform Wealth Migrate. It is his opinion that banking, insurance, real estate – basically all aspects of finance –  will be revolutionized by… Read More

Inspired By Tragedy, Life-Saving Swimming Pool Alarm Launches Thanks to Funding Tree

An entrepreneur who was inspired to develop a foolproof swimming pool alarm for children after a neighbor’s toddler drowned is about to put his vision into production, thanks to the crowdfunding platform Funding Tree. John Barstead was running an electrical engineering business in Johannesburg, South Africa,… Read More

Brief: South African Peer to Peer Lender Expands into Small Business Loans

According to a recent report RainFin, a Peer to Peer lender owned in part by Barclays, is broadening its reach to include small business loans.  The P2P lender is following a similar path to Lending Club, the large US based P2P lender that just announced… Read More

GoldKey Resources Launches $1.5M Crowdfunding Campaign on EquityNet

GoldKey Resources, Inc., a natural resources development company, announced today the launch of a crowdfunding campaign with EquityNet, designed to raise US$1.5 million. Niles Helmboldt, CEO of GoldKey, stated, “Our crowdfunding initiative is part of an overall campaign to capitalize on opportunities to assist and… Read More

Crowdfunding Platform Trevolta Gives Travelers A Way To Raise Funds For Destination Trips

Ever wondered what it would be like to go backpacking through Europe or see the well-known waterfalls of Africa or even the Great Wall of China? Unfortunately, the cost has always stopped aspiring travelers in their tracks when booking their own adventures. According to South… Read More

FundFind wants to be South Africa’s answer to Kickstarter

FundFind wants to be South Africa’s answer to Kickstarter, the US crowdfunding platform that’s helped musicians like Amanda Palmer and companies like Pebble, the company behind a smart watch project, by raising small amounts of money from large numbers of people. FundFind arose from founder Steve… Read More

Why crowdfunding is far more about the crowd than the funding

Its an interesting one, crowdfunding. And over the last few years it has both made a big impact on how entrepreneurs, bands, artists and others are funded. It has also certainly divided opinion on just how viable the model of crowdfunding is. One thing that few… Read More

Send this to a friend