Africa Tech Summit Nairobi has announced that on February 14 and 15, ten African startup businesses will present their solutions to a wide range of business leaders, investors, and other innovators.
Even though funding for African startups fell in 2023, the investment showcase keeps promoting partnerships and investment opportunities to close the funding gap in the ecosystem. African startup financing dropped by 39 percent from $4.6 billion in 2022 to $2.9 billion in 2023, according to statistics from Africa: The Big Deal.
Numerous African nations, such as Kenya, Egypt, Tanzania, Nigeria, Ghana, South Sudan, Malawi, Angola, Morocco, Botswana, Benin, Congo, Uganda, South Africa, Sierra Leone, and others, contributed more than 250 entries, demonstrating the continent’s enormous potential for innovation and collaboration. The 10 selected ventures, which are in the fintech, agritech, e-commerce, Web3, and climate-tech sectors, seek to raise between $500,000 and $15 million in funding. They include the following:
Node Bio (Kenya) is utilizing cutting-edge plant science to develop crop treatments 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 (Egypt) is MENA’s leading Buy Now, Pay Later (BNPL) lifestyle-enabling fintech platform, offering customers and businesses convenient and comprehensive financial solutions.
Bingtellar (Nigeria) is building a payment infrastructure for global citizens, including freelancers, remote workers, contractors, and businesses. Their ramp product simplifies the process of buying and selling crypto and facilitates swift money transfers across Africa.
Dukka (Nigeria) is digitizing payments and bookkeeping solutions to assist small businesses across Africa in accepting all digital payment methods.
FutureLink Technologies (Uganda) is a digital marketplace that simplifies financial access for individuals and facilitates payments for financial cooperatives. FutureLink Technologies is the first African company to win the Global SME Finance Platinum Award for Product Innovation of the Year 2022.
Tausi App (Kenya) is a beauty tech company that is leveraging technology to link beauticians to potential customers. Tausi has registered over 6,000 beauticians so far.
Feegor (Nigeria) is a B2B e-commerce company that connects small and medium enterprises (SMEs) to manufacturers and major wholesalers.
Peercarbon (Kenya) is a climate fintech startup leveraging 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 (Nigeria) is making financial services accessible to underserved communities and micro-businesses in rural and peri-urban areas across Africa, including internally displaced persons and refugees.
URBANET (Kenya) promotes international dialogue on development activities worldwide, providing insights on municipal and local governance, sustainable urban development, and decentralization.
Visit the website to reserve your spot at the Africa Tech Summit in Nairobi, taking place on February 14th and 15th.
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