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There are 4 modules in this course
Starting a small business can be very rewarding. This course starts by asking “What is entrepreneurship?” to then begin applying commonly used business planning tools, such as design thinking and business model canvas. Design thinking is a methodology that encourages startups to focus on user-centric products and services. Topics like regulation, intellectual property, funding, and growth are covered as they relate to building startups.
Many of the entrepreneurship opportunities and especially those in emerging markets arise out of necessity, driven to solve a real need or a social problem. Thus emerging markets are often seen as offering huge opportunities for disruptive innovation. Entrepreneurship has contributed to economic growth and has been able to respond to social problems, helping some communities prosper. With the rise of fintech, financial solutions using technologies such as the cloud, blockchain, and machine learning have bypassed or partnered with established financial institutions to serve new markets.
We invited some really interesting people in various stages of building their startups to explain their business development. We will be talking with Zlto (a digital currency), Yoco (mobile payments), Proof of Steak (alternative asset investment), and Kuba (a digital ‘middleman’ for small businesses) to name a few.
As we will learn, there is no such thing as being ‘ready’ or, choosing the ‘perfect time’ to become an entrepreneur. You are already one, so let’s take the next steps on your entrepreneurial journey by joining your peers around the world on this course. This course is for everyone anywhere, not only those inspired by fintech in emerging markets.
Welcome to week 1 of building fintech startups! We begin with the basics by discussing: What is entrepreneurship? What does it mean to be an entrepreneur? What is an emerging market? Then we discuss the typical stages of a startup. To make this more practical, we also introduce you to real fintech startups and their journeys that will help you on your journey. Don’t worry if you don’t have a fintech background, this course is for anyone and everyone interested in entrepreneurship.
Course Trailer: Building Fintech Startups in Emerging Markets•3 minutes
Course Overview•8 minutes
Introduction to Week 1•5 minutes
What is Entrepreneurship?•8 minutes
Entrepreneurship vs Startup•4 minutes
Entrepreneurship in Emerging Markets•7 minutes
Where Do Ideas Come From?•5 minutes
Phases of a Startup: Seed to Early Stage Startup•5 minutes
Phases of a Startup: Growth to Maturity or Exit•3 minutes
How Did Yoco Start?•7 minutes
What Was the Evolution of Yoco?•3 minutes
How Did Zlto Start?•5 minutes
Creating a Startup in an Emerging Market•5 minutes
How did Kuba start?•5 minutes
Creating a Startup in an Emerging Market•6 minutes
What Does a Normal Wednedsay Look Like?•5 minutes
7 readings•Total 60 minutes
How This Course Works•5 minutes
Meet the Presenters•5 minutes
Meet Proof of Steak: An Agricultural Blockchain-Based Startup |Case Study•10 minutes
The Yoco Case Study•10 minutes
The Zlto case study•10 minutes
The Kuba Case Study•10 minutes
Week 1 Resources•10 minutes
5 assignments•Total 84 minutes
Myth or Fact? - Mythbusting Entrepreneurship•8 minutes
Practice Quiz: Demystifying Entrepreneurship•14 minutes
Practice Quiz: Phases of a Startup•30 minutes
Practice Quiz: Entrepreneurship Case Studies•12 minutes
Week 1: Foundations of Entrepreneurship•20 minutes
2 discussion prompts•Total 20 minutes
Introduce Yourself•10 minutes
What Is Next on Your Entrepreneurial Journey?•10 minutes
3 plugins•Total 6 minutes
What is Yoco?•1 minute
What is Zlto?•1 minute
What is Kuba?•4 minutes
The Prestartup Phases
Module 2•5 hours to complete
Module details
Welcome to week 2! We’re glad you’ve continued your entrepreneurial journey. This week gets into ideation and the design thinking process. We respond to questions on: How do people tackle their problems and find solutions? What tools can we use to figure this out? Rael, Kungela and Sarah-Anne share their insights and experiences. You will also hear from Jacques (Kuba), Allan (Zlto) and Katlego (Yoco) speaking about their products and how they learnt to keep the customers in mind.
Proof of Steak: Lean-startup and Design Thinking Approach•6 minutes
Types of Innovation•3 minutes
Business Planning Tools•5 minutes
Business Model Canvas•4 minutes
What makes a good business plan?•8 minutes
Designing for Yoco’s customers•5 minutes
Yoco’s business planning•3 minutes
Zlto’s Design Thinking Processes•5 minutes
Zlto's Business Planning•1 minute
Kuba's Design Thinking and Business Planning Approaches•6 minutes
3 readings•Total 30 minutes
Proof of Steak: Business Model Canvas•10 minutes
Week 2 Resources•10 minutes
Heads Up: Preparing for Your Week 4 Course Assignment•10 minutes
4 assignments•Total 110 minutes
Practice Quiz: Design Thinking•30 minutes
Practice Quiz: Business Planning•30 minutes
Practice Quiz: Prestartup Case Studies•30 minutes
Week 2: Prestartup Phase•20 minutes
1 peer review•Total 60 minutes
Experiences of a startup•60 minutes
1 discussion prompt•Total 10 minutes
What Did You Learn This Week?•10 minutes
The Startup
Module 3•4 hours to complete
Module details
You’ve reached week 3 when we will see how startups are built. Congratulations for keeping going! This week we look at the legal foundations, regulatory environment and startup funding. These questions can have significant consequences for a startup: How to ensure you’re complying with your countries laws? Do you understand the implications of giving equity away? You’ll hear from experts and entrepreneurs as to how they approached these questions. From our case studies, we share some practical experiences and considerations.
Disrupting and Innovating Financial Services•6 minutes
Why Do Startups Need Regulation?•8 minutes
The Emerging Landscape of Fintech Regulation•9 minutes
Navigating Existing Fintech Regulation•7 minutes
Setting up the Legal Structures of Your Startup•7 minutes
How Do We Regulate Technology?•10 minutes
The Legal Side of Funding•7 minutes
Does Your Startup Need Money?•3 minutes
Funding Rounds•6 minutes
Funding Types•6 minutes
What is Venture Capital? - Newtown Partners•7 minutes
Yoco's Legal Considerations•9 minutes
Yoco's Funding•8 minutes
Zlto's Legal Considerations•2 minutes
Zlto's Funding•3 minutes
Kuba's Legal Considerations•3 minutes
Kuba's Funding•7 minutes
2 readings•Total 23 minutes
Meet Aerobotics - A Drone Agricultural Disease Monitoring System | Case Study•13 minutes
Week 3 Resources•10 minutes
4 assignments•Total 80 minutes
Practice Quiz: Regulation and Legal Considerations•30 minutes
Practice Quiz: Funding•0 minutes
Practice Quiz: Startup Case Studies•30 minutes
Week 3: Startup Phase•20 minutes
2 discussion prompts•Total 20 minutes
Regulation in Your Context•10 minutes
What Did You Learn This Week?•10 minutes
Support for Growth and Scale
Module 4•5 hours to complete
Module details
You’re in the final stretch. Congratulations on reaching week 4 which is about support opportunities for entrepreneurs. To start, we'll introduce you to the types of support entrepreneurs need to be successful and grow. In the Peer Review assignment, you will need to ask an entrepreneur about their journey creating a startup. To interview someone it’s best to check the assignment ahead of time in order to have enough opportunity to complete this task. We also have a few bonus case studies (Aerobotics and Custos) who we interviewed about their journeys growing startups.
The University of Cape Town is the oldest university in South Africa and is one of the leading research universities on the African continent. UCT has over 28 000 students, of whom 30% are postgraduate students. We offer degrees in six faculties: Commerce, Engineering & the Built Environment, Health Sciences, Humanities, Law, and Science. We pride ourself on our diverse student body, which reflects the many cultures and backgrounds of the region. We welcome international students and are currently home to thousands of international students from over 100 countries. UCT has a tradition of academic excellence that is respected world-wide and is privileged to have more than 30 A-rated researchers on our staff, all of whom are recognised as world leaders in their field. Our aim is to ensure that our research contributes to the public good through sharing knowledge for the benefit of society. Past students include five Nobel Laureates – Max Theiler, Alan Cormack, Sir Aaron Klug, Ralph Bunche and, J M Coetzee.
When will I have access to the lectures and assignments?
To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.