The inaugural ARM Labs Lagos Techstars accelerator, which offers access to up to US$120,000 in equity capital and other sorts of support, has selected twelve African tech startups.
The first edition of the ARM Labs Lagos Techstars accelerator will last for three months.
The initial batch, which is targeted at early-stage African fintech and prop-tech startups, consists of 10 Nigerian and two Kenyan companies, with female CEOs overseeing half of them.
Among the Nigerian businesses that made the cut are:
Peppa.io, which employs a system of payment protection to make it less risky to make purchases on social media sites;
CDcare, is a company that uses innovative payment plans to let people in Africa buy electronics, home appliances, vehicles, and more with zero interest;
Flick, a service that allows customers to connect many bank accounts and make payments all at once;
Keble, a platform that allows Africans to buy fractional interests of international real estate both at home and abroad;
Keza, offers flexible payment plans for individuals to purchase both new and used cell phones.
Salad, which gives staff members access to financial services and advantages outside of their regular paychecks;
Sidebrief, which makes the process of launching and expanding a business internationally simple;
Towntalk, which gives shippers access to insurance companies, real-time location and behavioral analytics, and vehicle tracking;
Vittas is an online lending platform for healthcare providers.
Oystr Finance is a platform for launching microloans with minimal risk for the lender.
These are the two Kenyan startups participating in the program:
alphabloQ is a platform for investing in real estate.
Cladfy, offers credit profiling, digitized loan management, and access to cost-effective, dependable financing to microfinance lenders.
The selected startups will receive up to US$120,000 in equity capital, along with mentorship and introductions to a wide range of potential investors.
The program ends on March 16 with a demo day.
For more information visit the website.
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