Three South African startups have made it on the shortlist to becoming one of the 10 startups to be accelerated by leading international startup accelerator Startupbootcamp InsurTech in 2017.
Three South African startups have made it on the shortlist to becoming one of the 10 startups to be accelerated by leading international startup accelerator Startupbootcamp InsurTech in 2017. Aerobotics, Emerge Analytics and NuvaLaw are up against 20 other startups for the opportunity to collaborate with more than 400 mentors, partners, and investors over a three month period to build products to international standards.
Aerobotics, Emerge Analytics and NuvaLaw were three of the 633 applications received by Startupbootcamp InsurTech following a call for applications from innovative early stage startups specialising in insurance. Startupbootcamp InsurTech and MMI Holdings’ Exponential Ventures hosted the FastTrack tour in South Africa on 11 and 13 October 2016 where these startups presented their solutions for the insurance industry. The events were open to startups looking for expert advice, exposure and the possibility of funding.
“We had a great week in South Africa and found a few gems. It is clear that InsurTech in South Africa has matured compared to 2015,” said Sabine VanderLinden, managing director for Startupbootcamp InsurTech.
Jaco Oosthuizen, Chief Exponential Officer, Exponential Ventures, said: “This year’s FastTrack tour showed that InsurTech is gaining momentum and catching up to the well-established Fintech startup space, both from a quality of the value propositions presented and the funding that is becoming available to support it. We are proud that we have three South African based InsurTech startups in the top 23 after this global selection process – up from one in 2015.
The three startups that made it:
Aerobotics, a young South African startup that develops drone technology used in the agricultural, logistical and mining industries, uses drones to acquire better data analysis using artificial intelligence algorithms. The business was started almost two years ago. They have developed an automated drone with software that allows farmers to scan their farms and provide analytics to manage their farms more efficiently, by both reducing costs and increasing yields. http://www.aerobotics.co.za/
Emerge Analytics solves complex business problems using advanced data analytics like artificial intelligence to help clients navigate the corporate data maze emerging with better answers, new insight and optimised profitability. http://www.emergeanalytics.com/
NuvaLaw is a digital negotiation platform between motor vehicle insurers. The product introduces workflow and measurable efficiency to an environment that is currently unstructured, and results in substantial saving in costs. The product also facilitates Online Dispute Resolution Information exchange & Legal Process Outsourcing to highly qualified and affordable lawyers and mediators. http://nuvalaw.com/
AppDate: DStv taps Xbox, Hisense
DStv Now for Xbox and Hisense
Usage of DStv Now, the online DStv service available free to DStv customers, is increasing rapidly with more than two million plays of live and Catch Up content per week. In addition to using DStv Now to watch TV on tablets and smartphones, an increasing number of DStv customers are also opting to use it as their primary method of getting DStv on additional TVs in the house. This is set to increase with the release of two new big-screen TV apps, one for Xbox gaming consoles (Xbox One, Xbox One S, Xbox One X) and another for Hisense smart TVs (2018 and newer models).
Expect to pay: A free download.
Platform: Any of the Xbox One range of gaming consoles and 2018 or later Hisense smart TVs.
Stockists: Visit the store linked to your Xbox console or HiSense smart TV.
Santam Safety Ideas
Start-up businesses that have a FinTech or InsurTech business venture brewing are called to enter the third annual Santam Safety Ideas competition. Safety solutions or InsurTech ventures that are ready for piloting could win up to R150 000 worth of incubation support and R200 000 in seed funding.
The Safety Ideas competition was launched two years ago in partnership with LaunchLab, Stellenbosch University’s startup incubator that facilitates valuable connections for corporates and startups sourced from the startup ecosystem and partner universities in South Africa. The previous winners are Herman Bester and Anton Swanevelder, co-founders of MyLifeLine – a wearable panic device that won the competition last year; and Ntsako Mgiba and Ntandoyenkosi Shezi, co-founders of Jonga – a cost-effective security system for low income families, which won the competition in 2017.
Entries close on 28 February 2019. For more information on how to enter, visit: www.santam.co.za/safetyideas/
Click here to read about the FNB Snapchat lens, Spotify Free with data saver, and 00:37.
Fortnite fixes hackers’ hole
Epic Games has repaired a vulnerability that exposed Fortnite, the world’s most popular game of the moment, to hackers. The hole, which was left in Epic’s web infrastructure, allowed hackers to target players with email that appeared to come from Epic Games, but would have led them to a phishing site, where their log-in details would have been stolen.
Researchers at cyber security solutions provider Check Point Software alerted Epic to vulnerabilities that could have affected any player of the hugely popular online battle game.
Fortnite has nearly 80 million players worldwide. The game is popular on all gaming platforms, including Android, iOS, PC via Microsoft Windows and consoles such as Xbox One and PlayStation 4. In addition to casual players, Fortnite is used by professional gamers who stream their sessions online, and is popular with e-sports enthusiasts.
If exploited, the vulnerability would have given an attacker full access to a user’s account and their personal information as well as enabling them to purchase virtual in-game currency using the victim’s payment card details. The vulnerability would also have allowed for a massive invasion of privacy, as an attacker could listen to in-game chatter as well as surrounding sounds and conversations within the victim’s home or other location of play.
While Fortnite players had previously been targeted by scams that deceived them into logging into fake websites that promised to generate Fortnite’s ‘V-Buck’ in-game currency, these new vulnerabilities could have been exploited without the player handing over any login details.
Click here to read how the Fortnite hack would have worked.