SiGMA Africa announces Startup Pitch finalists
Prepare for the much-anticipated return of the SiGMA Startup Pitch competition, a key highlight of the SiGMA Africa summit. This dynamic event unfolds at the GrandWest Sun Exhibit in Cape Town, offering startups a vital platform to connect with investors and showcase their innovative concepts to a global audience. Carefully selected by a discerning panel of judges, five forward-thinking startups are set to captivate the audience and present their projects to a distinguished panel of judges and over 30 venture capitalists. The live pitch promises to dominate the SiGMA stage – catch them on the 13th from 12.30. Explore the success stories of previous SiGMA Europe startup pitch winners in the latest issue of SiGMA Magazine.
Betlabs
Country: South Africa
Boost Bets is a game-changing sports betting product that injects excitement into traditional wagering. Boost Bets is the first sports betting market where payouts are dynamically adjusted based on the margin of victory. This approach resembles a slot like betting experience providing a mix of regular smaller wins with the rare opportunity for significant payouts when the bettors team wins by a large margin. It’s adaptable to various live sports and virtual sports and designed for punter enjoyment and operator profitability. With a sophisticated, patented algorithm, Boost Bets is set to revolutionize sports betting, providing bettors with an unrivaled betting experience.
Highlight features:
Unlike traditional sports betting markets, Boost Bets introduces an entirely new way to engage with sports events, making it a standout choice for both operators and bettors.
Innovative Market Approach: Boost Bets focuses on the margin of victory, providing punters a bigger payout for bigger wins by their teams’ or players.
Versatility: Boost Bets isn’t confined to a single sport or event type. Their API can be applied across various sports, from soccer and NFL to NBA and even Virtual Sports.
Reliable Margins: Behind the scenes, Boost Bets utilizes a sophisticated, patented algorithm to ensure a reliable margin for operators. The algorithm has been verified through extensive Monte Carlo simulations, adding a layer of trust and credibility to our innovative product.
Engagement: Unlike traditional markets that often lose their appeal before the final whistle, using a football game as an example, our product maintains the punters interest right up to the final whistle as each goal for their team likely results in a bigger payout.
The Slot Machine of Sports Betting: Studies have shown that the Variable Rate of Return (VRR) is a significant driver behind the widespread appeal of slot machines. Boost Bets marks the debut of the first fixed odds market with VRR in the sports betting industry, making it an attractive and unique proposition for both operators and bettors.
Shacks Evolution Studios
Country: Nigeria
Shacks Evolution Studios is an iGaming studio developing games and localised content for betting, casino, and lotto companies in Africa – leveraging on the growth of mobile gaming and the ever-growing African gambling industry which is expected to be worth $150b in 2027.
Highlight features:
Positioned as the first African iGaming studio, Shacks Evolution Studios know what works for their market, boasting a team with vast experience working in the industry. With over 95% of gambling products used in Africa outsourced to foreign providers, they are leading the gaming technology in Africa.
Among the continents where online gambling generates the highest profit, Africa stands among the leaders and is positioned as the go-to-market for investment opportunities. But there is still a serious deficit in gaming technologies. Shacks Evolution Studios understand the market and are producing high performing local games for the industry with a current portfolio of 12 games that is focused on online and retail. They are poised to dominate the market and export our games to other continents.
Funti3r
Country: South Africa
Funti3r offers a comprehensive solution through our microtasking platform and
digital skills learning platform. Our microtasking platform enables businesses to break down complex tasks into manageable units, track progress with Kanban boards, and optimise tasks through integrated chat functionality. Meanwhile, our digital skills learning platform empowers agents with interactive courses, personalised learning paths, and actionable skills insights.
Highlight features:
Funti3r distinguishes itself in the competitive landscape by offering an innovative
microtasking platform that transforms how SMEs and corporations manage their tasks and streamline operations. Beyond traditional task management, Funti3r prioritises digital literacy and skills development through its integrated digital skills academy, empowering users to enhance their skills in key areas such as sales, finance, marketing, and administration.
Mabao Analytics
Country: Kenya
Futaa Scores is a Soccer Tipster community application aiming to bridge the gap
between winning and losing in sports betting, we are doing this by providing statistical and tipster driven insights to users. Users are able to download the App and access insights generated by the system. Tipsters can improve their winning rate in sports betting.
The Futaa Scores team members have been working on sport betting products for around 7
years, and believe they are in a good position to access the available market since other of our products have been successful.
X11 Smart Contracts
Country: South Africa
X11 operates a platform for the new generation of digital services on smart contracts.
They have developed a range of unique channels that enable us to reach users who have not been reached before. Their mission is to create tools that provide better market access for small and medium-sized enterprises in emerging markets, and to help serve the underbanked population that is currently not being served.
Highlight features:
X11 Smart Contracts offers easy to use smart contracts, and a way to sell regulated services to the informal economy. They provide a unique service marketing for niche segments.
Wagerflow.io
Country: South Africa
A South African built, hosted locally and fully configurable platform provider. Phase 1
development will focus on the aggregator platform which will be certified by the end of May 2024, the company will then continue building the main platform which will include a locally developed sportsbook, thus completing their fully licensed, fully configurable, locally developed platform, specifically built for every tier 2 and 3 operators currently trying to stay afloat using European based platforms.
Highlight features:
Wagerflow’s platform will be locally developed and locally hosted for the South African market,
allowing any operator in SA that are currently on expensive European platforms, paying expensive hosting and management fees, to pay platform fees in their local currency. They have agreements in place with some of the latest game development studios to bring their games onto their aggregator, allowing fresh new content to be distributed in the market. Their tech stack is modelled on no-code/low-code technologies which gives the ability to quickly build,
integrated and manage clients in the future. Configurability of product is key, and their tech stack
will allow operators to configure their brand any way they like. What would normally take months to integrate and set up, can be done in days.
