South African startup gets development support from Amazon
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DURBAN - The new payment gateway from Airbuy now allows e-commerce sites to accept payments without using their debit or credit cards.
The startup also uses Airbucks, digital tokens, which can be topped up by direct EFT transactions.
Airbuy has received an investment from tech giant Amazon in the form of development support worth R180 000.
According to the Kabelo Twala an Airbuy co-founder, Airbuy received the support from Amazon because they were finalists at the Demo Africa event.
Demo Africa was also the event where Airbuy was launched.
The Demo Africa event, which according to their website is a launch pad for African technology and trends, had 22 finalists and all of them received development support from Amazon.
Twala said, "It was very exciting to find that that an international company like Amazon is giving us a platform to grow".
The company will be using the development support from Amazon to improve their day to day operations and build their technology.
Twala said that the support that they received from Amazon will be used to learn about cloud architecture and software development as well as better their backend infrastructure.
Amazon has invested or acquired companies in various sectors according to Inc.
Some of these sectors include artificial intelligence, hardware, financial services and publishing.
- BUSINESS REPORT ONLINE