SweepSouth, a company specialising in on-demand home cleaning services on the African continent, has that announced it has secured R10m in new funding.
The funding comes from the Vumela Fund, as well as from its existing investor, Vinny Lingham and Llew Claasen’s firm, Newtown Partners. The Vumela Fund is capitalised by the First Rand Group and the Jobs Fund and managed by FNB in an alliance relationship with Edge Growth.
SweepSouth had an impressive 2015, coming off of a winning pitch at the SiMODiSA Startup SA conference in October 2014. This was followed by an April 2015 Series Seed funding round from a team of top tech investors, led by Vinny Lingham and Llew Claasen’s firm Newtown Partners and including Pule Taukobong’s Africa Angels Network (AAN) and Polo Leteka Radebe’s Identity Development Fund (IDF). The startup finished the year as the first South African startup selected to participate in the 500 Startups accelerator in Silicon Valley, between July and November 2015.
“The start of 2016 suggests a year that will be no less exciting for us,” says Aisha R. Pandor, CEO of SweepSouth. “With this major new cash injection from the Vumela Fund, we can further expand our rapidly growing national footprint.”
SweepSouth was founded on the belief that the home cleaning industry needed modernisation through technology as well as a change in mindset towards the belief that everyone deserves access to dignified work at decent pay. “As we expand we can offer so many more work opportunities,” says Pandor. SweepSouth has created thousands of job opportunities in the last few months for women, the vast majority of whom were unemployed, resulting in over 100 000 hours of cleaning being completed over this time.
“Edge Growth is an experienced and respected investor who shares our passion for job creation and social transformation. We’ve loved interacting with their team and are excited about utilising this investment to continue our rapid growth and create sustainable work for thousands of cleaners in the next year” said Pandor.
Speaking about the deal, lead investor Janice Johnston of Edge Growth says, “We think SweepSouth is one of the leading tech startups in SA. The on-demand economy is a huge growth area because a lot of consumers’ needs can be far better served with tech-enabled, on-demand services. Uber is a great example of such innovation and we think SweepSouth is the Uber of cleaning in SA. The exciting job creation opportunities which the SweepSouth platform provides professional cleaners, is an important attribute of the investment for the Vumela Fund. SweepSouth has one of the most dynamic and creative teams in the startup space and we think they’ll take on-demand service adoption to another level in SA.”
Pandor has a PhD in Genetics and is a former management consultant with experience in HR management, strategy and operations. Alen Ribic, SweepSouth’s co-founder and CTO has over a decade of experience in software engineering, particularly in developing highly scalable systems.
Samsung unfolds the future
At the #Unpacked launch, Samsung delivered the world’s first foldable phone from a major brand. ARTHUR GOLDSTUCK tried it out.
Everything that could be known about the new Samsung Galaxy S10 range, launched on Wednesday in San Francisco, seems to have been known before the event.
Most predictions were spot-on, including those in Gadget (see our preview here), thanks to a series of leaks so large, they competed with the hole an iceberg made in the Titanic.
The big surprise was that there was a big surprise. While it was widely expected that Samsung would announce a foldable phone, few predicted what would emerge from that announcement. About the only thing that was guessed right was the name: Galaxy Fold.
The real surprise was the versatility of the foldable phone, and the fact that units were available at the launch. During the Johannesburg event, at which the San Francisco launch was streamed live, small groups of media took turns to enter a private Fold viewing area where photos were banned, personal phones had to be handed in, and the Fold could be tried out under close supervision.
The first impression is of a compact smartphone with a relatively small screen on the front – it measures 4.6-inches – and a second layer of phone at the back. With a click of a button, the phone folds out to reveal a 7.3-inch inside screen – the equivalent of a mini tablet.
The fold itself is based on a sophisticated hinge design that probably took more engineering than the foldable display. The result is a large screen with no visible seam.
The device introduces the concept of “app continuity”, which means an app can be opened on the front and, in mid-use, if the handset is folded open, continue on the inside from where the user left off on the front. The difference is that the app will the have far more space for viewing or other activity.
Click here to read about the app experience on the inside of the Fold.
Password managers don’t protect you from hackers
Using a password manager to protect yourself online? Research reveals serious weaknesses…
Top password manager products have fundamental flaws that expose the data they are designed to protect, rendering them no more secure than saving passwords in a text file, according to a new study by researchers at Independent Security Evaluators (ISE).
“100 percent of the products that ISE analyzed failed to provide the security to safeguard a user’s passwords as advertised,” says ISE CEO Stephen Bono. “Although password managers provide some utility for storing login/passwords and limit password reuse, these applications are a vulnerable target for the mass collection of this data through malicious hacking campaigns.”
In the new report titled “Under the Hood of Secrets Management,” ISE researchers revealed serious weaknesses with top password managers: 1Password, Dashlane, KeePass and LastPass. ISE examined the underlying functionality of these products on Windows 10 to understand how users’ secrets are stored even when the password manager is locked. More than 60 million individuals 93,000 businesses worldwide rely on password managers. Click here for a copy of the report.
Password managers are marketed as a solution to eliminate the security risks of storing passwords or secrets for applications and browsers in plain text documents. Having previously examined these and other password managers, ISE researchers expected an improved level of security standards preventing malicious credential extraction. Instead ISE found just the opposite.
Click here to read the findings from the report.