SA’s Founders Factory has announced officially its first cohorts which includes; Schoolable and EaszyHire (Nigeria Startups), LipsLater (Kenya Startup), Kduigo (Ghana) and Digest Africa (Uganda). The cohorts will partake in a 6-month accelerator program and also receive an investment of £30,000 and up to £100,000 worth of services. FFA will also offer the cohorts support to aid product design, tech engineering and growth. They would also access FFA’s local and global ecosystem and investment network.
Founders Factory Africa is a South African company that operates within Africa by offering a corporate-backed accelerator and incubator. The company is aiming to build up to 140 tech-based startups across four sectors in the next five years. They secured their first investment from Standard Bank in October 2018. FFA received over 500 applications from leading fintech entrepreneurs across the continent in the first 5 months of their launch. They however selected five businesses from Nigeria, Ghana, Kenya and Uganda respectively after screening.
See also: Cathay & AfricInvest to Raise $168 million Fund for Investments in African Tech
Here’s a brief introduction of the five selected startups;
Schoolable (Nigeria) a fintech company that focuses on providing access to affordable finance in the private school system in Africa.
LipaLater (Kenya) a lending marketplace that makes high-end technology affordable for customers, granting them the opportunity to pay up in comfortable monthly installments.
Eazyhire (Nigeria) a peer-to-peer sharing platform that enables individuals and businesses rent items to those who need them temporarily
Kudigo (Ghana) a software as a service (SaaS) startup, developing user-oriented retail solutions and big data for the consumer retail industry in sub-Saharan Africa.
Digest Africa (Uganda) a single online platform where investors and corporates can access verified, tailored and real-time news about Africa’s early-stage technology companies.
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