Founders Factory Africa

Founders Factory Africa has unveiled the four startups that will participate in its Venture Scale Program.

Foundry Factory Africa’s Venture Scale which is a six-month program provides African startups with about $270,000 in tailored support services across product design, data science, engineering, and business development, along with a cash investment of $37,000.

The four startups will also have access to exclusive partnerships with Founders Factory Africa’s pan-African corporate investors — Standard Bank and Netcare — which includes access to distribution channels, customer acquisition, pilots, data, IP and expertise.

Founders Factory Africa said the four startups have established innovative tech products specifically targeted at the African continent.

Meet the startups that will participate in the Founders Factory Africa Venture Scale Program

Wellahealth provides small scale and affordable micro-insurance for common conditions. The first product targeting malaria is affordable and ensures quality and immediate care at your closest pharmacy.

MVXchange is a tech-driven maritime logistics platform that matches vessel charter requests with available Offshore Support Vessels (OSVs) – the Uber for ships.

RedBird, Ghana offers a suite of verified rapid diagnostic tests (RDTs) and supplies, staff training and its own proprietary monitoring software to pharmacies — giving patients accessible, convenient ways to monitor and manage their health. The startup last week announced the launch of a COVID-19 daily check-in app.

Truzo is a South African web and app-based escrow platform enabling buyers and sellers anywhere to transact in a safe and secure way.

Musa Suleiman
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