African Startup Buzz
The startup ecosystem in Africa has undergone significant growth in recent years, marked by substantial funds raised and impressive developments.
Here are 5 startups that I recommend keeping a close watch on:
🌱 Apollon Agriculture
Founded in 2015, Apollon Agriculture provides African farmers with a platform for easy access to financing. Using AI, they deliver loan plans automatically based on client profiles. Their service also includes insurance, agronomic advice, and the ability to source agricultural inputs.
Takeaways: Impactful project, AI-driven, +$61 million in funding.
💸 Telda
Still in its early stages, Telda is a Fintech created in Egypt in 2021. This startup offers a comprehensive payment management solution to simplify the daily lives of African populations. A customer can receive a virtual credit card by simply providing their identity, make payments, or withdraw money from any location!
Takeaways: Disruptive solution in Africa, founded by Ahmed Sabbah (founder of Swvl), $25 million raised (seed stage).
🧑🌾 Twiga Foods
Founded in 2013 in Kenya, Twiga Foods aims to support food logistics to eliminate the risk of food shortages in Africa in the long term. To achieve this, they have a platform that connects farmers and urban traders, facilitating logistics and transactions.
Takeaways: Impactful project, $113 million in funding.
⚖️ Pariti
Founded in 2019, Pariti aims to streamline the overall management of disadvantaged African businesses. Using the tools they develop, Pariti helps businesses recruit the talent they need and, through advice and connections, enables them to more easily access financing.
Takeaways: Impactful project, $2.5 million raised (seed).
🎍 Bamboo
Founded in 2019 in Nigeria 🇳🇬, Bamboo’s goal is to promote wealth creation in Africa by democratizing investment among African populations. Through fractional trading, a technology popularized by Robinhood that allows investing in fractions of shares, Bamboo offers a simple way to access international stock markets.
Takeaways: +$33 million raised (seed and series A). 🌍💡
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