Technology Mirror
About $15m Investment Fund Up for Grab in Contest by Ten Tech Startups at 2024 Africa Tech Summit

About $15m Investment Fund Up for Grab in Contest by Ten Tech Startups at 2024 Africa Tech Summit

About $15 million is up for ten tech startups at the Africa Tech Summit holding in where they will showcase their solutions to a diverse audience of industry experts, investors and fellow innovators on February 14 and 15 this year.

The ten selected ventures, spanning fintech, agritech, e-commerce, Web3, and climate-tech sectors, are looking to get funds ranging from $500,000 to $15mn
The investment showcase is a creative way for the ten startup finalists to get the capital injection they need for growth.
The event’s organisers received over 250+ entries before making the final cut of 10 startups across sectors like fintech, agritech, e-commerce, Web3, and climate-tech.
According to ‘The Big Deal’ reports, Startup funding in Africa  in 2023 slowed compared to the record-breaking year of 2022.
The Big Deal, which is a curated funding database, said African startups experienced a 39% drop in funding received in the previous year—falling to $2.9bn in 2023 from $4.6bn recorded in the previous year.
The selected startups for this year’s showcase include;
Node Bio: A Kenyan climate tech startup utilising cutting-edge plant science to develop crop treatment that effectively combat the adverse effects of climate change.
Their innovative solution, Farmchef, enables plants to withstand drought, extreme heat, and other water-related stressors.
Valu: A leading Egyptian Buy Now Pay Later (BNPL) lifestyle-enabling fintech platform in MENA, offers customers and businesses convenient and comprehensive financial solutions.
A Nigerian crypto startup building payment infrastructure for global citizens including freelancers, remote workers, contractors, businesses. Their ramp product simplifies the process of buying and selling crypto and facilitates swift money transfer across Africa.
Dukka: A Nigerian startup digitising payments and bookkeeping solutions to assist small businesses across Africa to accept all digital payment methods.
FutureLink Technologies: A Ugandan startup, is a digital marketplace that is simplifying financial access for individuals and facilitating payments for financial cooperatives.
Tausi App, a Kenyan beauty tech company that leverages technology to link beauticians to potential customers. Tausi has registered over 6000 beauticians so far.
Feegor: A Nigerian B2B e-commerce company that connects small and medium enterprises (SMEs) to manufacturers and major wholesalers.
Peercarbon: A Kenyan climate fintech startup that leverages granular emissions data and cutting-edge sustainable finance technology to empower African SMEs. Peercarbon’s Software as a Service (SaaS) platform provides real-time insights, making it easy for businesses to track their carbon footprint.
Regxta: A Nigerian fintech startup that makes financial services accessible to underserved communities and micro-businesses in rural and peri-urban areas across Africa, including internally displaced persons and refugees.
URBANET: A Kenyan startup that promotes international dialogue on development activities worldwide, providing insights on municipal and local governance, sustainable urban development, and decentralisation.



Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *