Latest South African Article, South African Blog, Technology blog, Startup Blog, Business Blog

Startup partners with Telkom to launch translation platform for SA languages

Telkom has partnered with South African startup Enlabeler to launch an AI platform that translates speech into text and provides transcription services for local languages. The platform, called izwe.ai, was unveiled at the AI Expo Africa 2021. It is described as "a multi-lingual technology platform that transforms your audio and video data to text, captions or subtitles in your local languages". Telkom and Enlabeler collaborated to create the platform, with the aim of pro

article : Startups
BridgeLinx, Pakistan-based digital freight marketplace raises $10 million in country's largest seed

Lahore-headquartered digital freight marketplace BridgeLinx has raised $10 million in the country's largest seed round, it announced today. The round which is also one of the largest seed rounds of the region was led by Harry Stebbings' 20 VC, Josh Buckley's Buckley Ventures, and Indus Valley Capital. The startup said that the deal was oversubscribed nearly twice and includes the participation of Wavemaker Partners, Quiet Capital, TrueSight Ventures, Soma Capital, Flexport, Untitled,

article : Startups
Mastercard and Paycode partner to improve access to financial services in rural areas

Mastercard has partnered with Africa's global startup engagement program Start Path and startup Paycode to deliver their offerings into a single biometric smart card aimed at increasing access to critical services while advancing economic inclusion among Africans living in remote communities. Mastercard's Community Pass platform will feature in Paycode's Electronic Data and Payments Technology platform (EDAPT) that provides secure biometric identity including a digital bank account.

article : Startups
Egypt B2B ecommerce platform Capiter raises $33M Serie A

Capiter , a Cairo-based B2B e-commerce startup has completed a $33 million Serie A in a round co-led by Quona Capital and MSA Capital which was accompanied by other investors such as Savola (a MENA food and retail sector strategic investor fund), Shorooq Partners (an Abhu Dhabi-based seed-stage venture capital fund), Foundation Ventures (an early-stage venture capital), Accion Venture Lab (microfinance and fintech impact investing player), and Derayah Ventures (a Riyadh-based VC fund).<br

article : Startups
Mastercard Foundation and University of Rwanda announce $55M partnership

The Mastercard Foundatio n has teamed with the University of Rwanda in announcing a decades-long $55 million partnership to deliver higher education access for over 1200 Africans. A key focus will go towards women pursuing STEM, the disabled, refugees, and displaced youth. the Mastercard Foundation Scholars Program was launched in 2012 and is part of the Mastercard Foundation Scholars Program. It is committed to developing the next generation of transformative African leaders by equi

article : Startups
$100M innovation fund to fuel tech investments across Africa

The Global Innovation Initiative Group (GIIG) stands out as an investment vehicle supporting early-stage tech startups by establishing a new fund aimed at investing in early tech innovations startups across Africa. The curacao-based private investment fund, GIIG Africa Fund, invested annually in winner pools across the Africa region of the Global Startup Awards (GSA) - the world's largest startup ecosystem competition. GIIG aims to stimulate new industries, increase cross-border coll

article : Startups
Synthetic data and digital twins

Synthetic data and digital twins are wildly different things but at the same time complementary in the sense that one simulates data for AI and other simulates the interactions of models for people and AI. Rather than being generated by real-world events or processes synthetic datais information that's artificially manufactured. It is datacreated algorithmically, and used as a substitute for test datasets of production or operationaldata, to validate mathematical models and recently and more fre

article : Mixed
SD Times news digest: Snyk Series F, Visual Studio extensibility updates, and Rust 1.55

Snyk announced that it closed a $530 million Series F investment, which now totals the company's funding to-date to $8.5 billion. This new investment, together with the rapid adoption of our platform and growing customer base, validates our developer security vision, said Peter McKay, CEO of Snyk. When security starts with the worlds expanding pool of developers estimated to reach 45 million by 20301 organizations of all sizes will be able to truly reap the rewards of digital transformation, whi

article : Mixed
Celebrating National Hispanic Heritage Month

National Hispanic Heritage Month is observed annually in the US from September 15th to October 15th. The event honors the histories, cultures, and contributions of American Latinx and Hispanic communities. This includes all residents from or descendants of someone from Spain, Mexico, the Caribbean, and Central and South America. The commemoration began in 1968 as Hispanic Heritage Week. It was expanded to a month by President Ronald Reagan in 1988.

article : Social
SD Times Open-Source Project of the Week: OS-C

This weeks open-source project isnt a development tool, but rather a community of collaborators working together to build a software platform to boost capital flows into climate change mitigation and resilience, called OS-C. OS-C is a Linux Foundation project that hopes to create a model that can be used to enable applications used for climate-integrated investing. The OS-C technology platform will accelerate development of scenario-based predictive analytic tools and investment products that ma

article : Mixed
Nigeria's Prospa raises record $3.8M in pre-seed investment

Nigeria FinTech startup Prospa is looking to serve the 40 million-plus underserved micro-enterprises across the county. It was only in March when the company qualified as one of the top ten startups in Africa participating in Y Combinator's winter batch . Few months after graduating, Prospa raised a $3.8 million pre-seed round, a record breaking sum for pre-seed investment in Nigeria and subSaharan Africa. Only Egypt's Telda has raised a higher amount within that category. Prospa was

article : Startups
Egypt B2B ecommerce platform Capiter raises $33M Serie A

Capiter , a Cairo-based B2B e-commerce startup has completed a $33 million Serie A in a round co-led by Quona Capital and MSA Capital which was accompanied by other investors such as Savola (a MENA food and retail sector strategic investor fund), Shorooq Partners (an Abhu Dhabi-based seed-stage venture capital fund), Foundation Ventures (an early-stage venture capital), Accion Venture Lab (microfinance and fintech impact investing player), and Derayah Ventures (a Riyadh-based VC fund).<br

article : Startups