Crop2Cash, a Nigerian agritech startup alongside 9 others from across Africa, have been selected for the global finals of Seedstars World Competition in Switzerland next year.
The agritech startup which was founded in 2018 by Michael Ogundare, Emem Essien and Seyi Alabi; enables smallholder farmers in the countryside through its CashCard; to receive digital payments and build their financial identity.
Crop2Cash and the 9 startups which were recently selected at Seedstars Africa 2019 recently held in South Africa, will now compete for US$500,000 in equity investment.
At Seedstars Africa 2019. close to 40 startups from 20 countries pitched
The nine winning startups selected at the regional final included:
1.) Exuus, a Rwandan fintech startup which is taking traditional savings groups online in a bid to smooth processes;
2.) Pezesha from Kenya’s a value chain financial marketplace that financially educates borrowers and taking them through a credit scoring process before they qualify for a loan.
3.) Teheca (Uganda) which is focused on reducing the mortality rates of mothers and infants in developing countries through increasing the uptake of postnatal care services.
4.) Oko Finance (Mali) which has developed a turnkey crop insurance platform for emerging markets.
5.) Nvoicia (Ghana), which helps small businesses with unpaid invoices gain access to working capital loans.
6.) Afrikamart (Senegal), which helps farmers tackle challenges around access to market and logistics.
7.) Nadji.Bi (The Gambia), an innovative, sustainable solar solution.
8.) Vectra, a South African digital commerce platform
9.) Roque Online (Angola), which helps informal market vendors and service providers manage themselves as micro-enterprises.
Two other startups-OKO Finance and Zafree, won individual prizes.
OKO Finance, the startup from Mali, won the Job Creation Track sponsored by the African Development Bank (AfDB) and Zafree, a startup that is manufacturing paper sustainably without cutting trees, won the DOEN Foundation Land Restoration Prize.
The DOEN Foundation Prize rewarded Zafree with a $10,000 cash prize.