Three Nigerian startups Bankly Technologies, CredPal and Kudimoney Bank are among the 10 startups that will participate in Startupbootcamp (SBC) AfriTech. The Nigerian startups alongside counterparts from South Africa, Ghana, Kenya and Ivory Coast were chosen after an intensive 3-month global scouting tour, across 15 countries, and inclusive of 19 FastTrack events and 220 face-to-face startup engagements, the SBC AfriTech team received 1,004 applications from 73 countries in total, attracting double the applications from its inaugural launch in 2017.
The applications were shortlisted to the top 22 startup teams that were flown down to pitch their businesses over 2-days to some of the most progressive leaders in the innovation space in Africa, including corporate sponsors, mentors and investors.
Commenting, Philip Kiracofe, the CEO, Startupbootcamp said: “You are here because your solution is market-ready and the sponsors want to work with you starting from today. The next 3 months are going to be absolutely exhilarating. We are going to be here side-by-side, shoulder-to-shoulder, pushing you, cajoling you, encouraging you, nurturing you, mentoring you and helping you achieve 12 – 18 months’ worth of growth in a 3-month span. On Demo Day you’re not going to believe that just 3 months ago you were standing where you are today. Congratulations and good luck.”
The top 10 African Innovators selected are:
A goal-based savings product that digitizes cash and enables in-country, peer-to-peer transfer services through the use of vouchers available nationwide.
An innovative solution using deep data that provides individuals with instant access to credit at the point of checkout for various online and offline merchants.
A no-charge, full-service, online-only bank making banking services more affordable and more accessible by offering an interest-earning spending account with zero charges, savings account with above-average interest rates and access to low-interest instant loans.
A mobility-as-a-service platform that connects stakeholders to improve mobility by providing transport that is convenient, accessible and safe and enabling operators, cities and passengers to have easy access and understanding of transport.
A financial savings platform and personal savings coach that leverages A.I., machine learning and gamification to democratize wealth in Africa.
Provides incumbent insurance companies is an omnichannel and cloud-based digital platform to sell insurance products through mobile and web.
Inclusive Financial Technologies
Inclusive FT’s API helps digital financial services reach the most remote customers across Africa by enabling them to onboard, verify and monitor them via digital channels.
A patented solution providing legally recognized physical addresses for the 95% of the African population that do not have a postal address.
The 10 selected tech startups have a month to ready themselves for the 3-month accelerator that will kick off on August 13th in Cape Town and culminate with the Demo Day on November 8th when they will pitch to the world.