Certus co-founders Adam Gamieldien, Isaac Nichols and Gurveer Singh (CEO) A South African AI start-up, led by 19-year-old entrepreneur Gurveer Singh, has secured the backing of Y Combinator, the prestigious Silicon Valley business accelerator that has backed the likes of OpenAI and Airbnb. Founded in Cape Town by Singh, who serves as CEO, and by…
Govini, a defense tech software startup taking on the likes of Palantir, has blown past $100 million in annual recurring revenue, the company announced Friday. “We’re growing faster than 100% in a three-year CAGR, and I expect that next year we’ll continue to do the same,” CEO Tara Murphy Dougherty told CNBC’s Morgan Brennan in…
Just one day after overtaking SpaceX as the world’s most valuable private company, OpenAI announced its latest acquisition: Roi, a personal finance startup. Roi offered a “one-stop shop” for managing financial portfolios and featured an AI chatbot that provided personalized investing advice. Read: Sony ULT Field 5 Review: ULTimately Based While the details of the…
Deon Tromp, CEO of Omnea. South African fintech company InstaPay has launched a new digital wallet, InstaPay Gini, aimed at underbanked and unbanked South Africans. InstaPay Gini operates as an open-loop wallet, designed to be used across a broad network of merchants rather than being tied to a single provider. The company says the platform…
Float founder and CEO Alex Forsyth-Thompson South African fintech start-up Float has raised US$2.6-million (R46-million) in new funding for local expansion, to enhance its proprietary technology and to prepare for international growth. The four-year-old card-linked instalment platform currently serves about 2 000 retail stores and processes thousands of high-value transactions monthly, with average order values…
Limu Lab’s interactive app aims to help children learn South Africa’s indigenous languages. South African start-up Limu Lab has launched a language-learning app to make isiZulu and other indigenous languages accessible to children through games, animations and storytelling. Limu Lab has partnered with schools and major platforms to bridge the gap in local digital education….
Quantum computing firm IQM says it’s raised $320 million of fresh funding to ramp up investments in technology and commercial growth. The startup, which is headquartered in Espoo, Finland, was founded in 2018 by a team of scientists with the aim of building powerful quantum computers in Europe like the machines companies such as Google…
The Technology Innovation Agency and Sedfa commit to invest in SA’s start-up and SMME ecosystem. Two entities of the departments of small business and science and technology have joined forces, to create a more integrated and supportive environment for innovators and small, micro and medium enterprises (SMMEs) across SA. The memorandum of understanding (MOU), signed…
Nick Argyros, chief operating officer, and Francois Schreuder, CEO, Phonetik AI Phonetik AI, a South African start-up building large language models that create subtitles, closed captions and narration, is helping the visually and audio impaired get more information from the video content they consume. Speaking to TechCentral at the AWS Summit in Johannesburg last week,…
TLDR The SECO Startup Fund (SSF), backed by Switzerland’s State Secretariat for Economic Affairs (SECO), has announced a new co-management structure with Seedstars and iGravity SSF is being relaunched with a refreshed strategy to support high-impact businesses in Swiss partner countries that lack access to traditional financing The fund will offer flexible, non-dilutive debt capital…
