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South Africa’s SweepSouth receives multimillion rand investment

first_img28 January 2016South African startup secures R10 million in funding #tech #business #sweepsouth https://t.co/VUdIOkrRQy pic.twitter.com/XjWteoVDRe— Stock Shop (@stockshopportal) January 25, 2016SweepSouth has received a boost for business from First National Bank’s Vumela Enterprise Fund and other investors. The company has secured R10-million in venture capital to expand the business across the country and secure plans to take the idea global.The South African home and corporate cleaning business was launched in 2014 by management consultant Aisha Pandor and software developer Alen Ribic. Much like the popular Uber lift-sharing and Airbnb accommodation apps, SweepSouth uses new media technology to supply online, on-demand home and business cleaning services.Pandor describes SweepSouth as an accessible platform for booking, managing and paying for cleaning services. The online, app-based platform connects clients with reliable, diligently vetted cleaning staff at affordable rates.“SweepSouth was founded on the belief that the home cleaning industry needed modernisation through technology as well as a change in mind-set towards the belief that everyone deserves access to dignified work at decent pay,” says Pandor.The funding comes from the Vumela Fund, as well as from the company’s existing investors, namely technology entrepreneur Vinny Lingham and Newtown Partners.The Vumela Fund, which was launched in 2010 to “create economic opportunities through high-impact entrepreneurship and job creation”, is capitalised by FirstRand Group and the Jobs Fund, and is managed by First National Bank (FNB) in an alliance with Edge Growth, an enterprise and supplier development specialist firm.The alliance focuses on helping small companies through its scale-up development phase and, to date, has almost R400-million in funds under management invested in various businesses in South Africa.Janice Johnston, the lead investor at Edge Growth, calls SweepSouth a dynamic and creative concept, adding that “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”.Pandor calls the Edge Growth investment in SweepSouth a vote of confidence in the South African entrepreneurial spirit. “It is an experienced and respected investor [that] 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.”In 2015, SweepSouth was the first local company to be selected to participate in 500 Startups, a venture capital fund and start-up accelerator in Silicon Valley in the US.“SweepSouth has created thousands of job opportunities in the last few months for women, the vast majority of whom were unemployed, resulting in more than 100 000 hours of cleaning being completed over this time,” Pandor said when presenting the concept to 500 Startups.BREAKING NEWS: Domestic cleaning startup SweepSouth sweeps in R10m: https://t.co/oFJpSMXckQ pic.twitter.com/RarRED9S87— Jacques Coetzee (@feeblefruits) January 25, 2016The company is also part of the Microsoft BizSpark Programme, which supports small business with free software services. It was also named as one of the top five tech start-ups in the country by Ventureburn website in 2015.Source: News24Wirelast_img read more

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MFLNMC Webinar: Financial Planning for Military Caregivers

first_imgMark your calendars for our upcoming MFLN Military Caregiving professional development webinar on Financial Planning for Military Caregivers.Time: 11:00 a.m. EasternDate: Wednesday, December 9, 2015Event Location: Financial Planning for Military CaregiversWorries about finances may be a source of great stress for caregivers and their families. For military family caregivers, finances may have a big impact on their ability to manage day-to-day and, eventually, retire. As the holidays approach we begin to take an especially hard look at our budget and financial responsibilities and challenges.  In this webinar military helping professionals will learn about practical resources to help caregivers better manage their finances, ensuring  families and service members live more comfortably while planning for the future.Our presenter for this webinar is Nancy Granovsky, a professor and extension family economics specialist for Texas A&M AgriLife Extension Service. We are honored to have her present on the topic of Financial Planning for Military Caregivers.Registration is required to join the webinar, but can be completed on the day of the event. Also, we will be offering Certificates of Completion for those that may be interested in receiving training hours for attending the event.Interested in Joining the Webinar?To join the webinar, simply click on Financial Planning for Military Caregivers. The webinar is hosted by the Department of Defense Connect System (DCS), but is open to the public. It is strongly suggested that when using the DCS system to open the webinar on Google Chrome for both PC and MAC connections. If this is not an option, Internet Explorer may be used if connecting via PC. Safari and Firefox are not compatible with this DCS platform.For those who cannot connect to the DCS site, an alternative viewing of this presentation will be running on Ustream.This MFLN-Military Caregiving concentration blog post was published on November 27, 2015.last_img read more

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