Edtech incubator Injini opens fourth-cohort applications for African startups

Cape Town-based edtech incubator Injini has announced that applications for its fourth cohort are now open. Tech startups from any African country can apply.

The first round of applications will close on 10 December, with a final screening round set for January, when the top 12 applicants will be invited to pitch to a panel of judges at the Injini selection day during the same month.

Injini said in a statement last Wednesday (23 October) that it will support up to eight edtech startups with financial and advisory resources throughout the course of the incubation programme, which will run from March to August next year.

Applications for Injini’s Cohort 4 close on 10 December

The Cape Innovation and Technology Initiative (CiTi) incubator, will run the programme in partnership with the UBS Optimus Foundation, the Southern Africa Innovation Support Programme and the Michael and Susan Dell Foundation.

Injini said it is looking for evidence-based solutions that address key problems that face the education sector in Africa, with at least a minimum viable product or prototype.

Ideally, it added, founding teams of selected startups will have had previous work experience, with some members having strong backgrounds in education or technology.

Applications are also open to more mature edtech startups that have post-revenue, solidified business models or are beginning to scale.

To be considered for the programme, applicants must have registered companies with at least one full-time founder who is fluent in English and is able to travel to South Africa during the programme’s relevant phases.

Access to R100k in grant funding

Ventures accepted into the programme will each get access to R100 000 in grant funding.

The funding will be dispersed in three tranches over the duration of the programme, contingent on the company’s ability to meet pre-defined performance and participation expectations.

The ventures will also be eligible for follow-on equity investment from Injini of up to R1-million.

During the programme, participants will engage with the Injini team and its network of mentors and coaches in edtech, education, business and technology, as well as receive a series of customised research and data insights prepared for and with them.

In addition, the selected startups will also have the opportunity to attend tailored business workshops and one-on-one meetings with subject matter experts.

The first and third phases of the incubation programme will be held in Cape Town from mid-March until the end of April, and from mid-July to mid-August, respectively.

Injini will cover international travel and accommodation, as well as a living stipend, for up to two members from each team.

The incubator’s head of operations, Krista Davidson, said the incubator was excited to begin the journey of selecting its next cohort of edtech startups.

Read more: Meet the eight African edtech startups in Injini’s third cohort
Read more: Nigerian startups dominate lineup in edtech incubator Injini’s second cohort
Read more: Edtech incubator Injini selects 8 startups from across Africa for first cohort

Featured image: Members of Injini’s Cohort 3 during their first workshop (Injini – Africa’s EdTech Incubator via Facebook)

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Seedstars World partners with AfDB to add job creation track to pitching events

Swiss emerging market startup competition Seedstars World has partnered with the African Development Bank (AfDB) to add a job creation track to its pitching events.

The AfDB said in a statement on its website last Wednesday (23 October) that the partnership is in line with the development bank’s entrepreneurship and innovation lab under its Jobs for Youth in Africa (JfYA) strategy.

Through the strategy, the AfDB aims to create 25 million jobs and to equip young people with skills that will enhance their employability and entrepreneurial success by 2025.

The AfDB will also now be the main partner of Seedstars World’s local and Africa Summit bootcamps

The AfDB said the strategy will support countries to stimulate entrepreneurship, youth unemployment and economic development with a focus on young women.

Seedstars said in an email to Ventureburn yesterday that the main goal of the AfDB Job Creation Track is to find and reward the startups with the greatest potential to create jobs, support the youth and impact their local ecosystems.

The AfDB will select and award the startup demonstrating the most potential for sustainable creation with three months’ access to the Seedstars investment readiness programme.

The development bank will also be the main partner for Seedstars’ remaining local bootcamps, as well as at the two-day private bootcamp during the Seedstars Africa Summit  — which will be held in Johannesburg between 2 and 5 December — with an emphasis on improving gender balance across all activities.

JfYA coordinator Tapera Jefffrey Muzira said in the same statement that the initiative will jump-start Africa’s encouragement of youth involvement in business enterprise and job creation.

“This partnership between the AfDB and Seedstars World is an electrifying component of the bank’s continuing commitment to sustainable job creation for women and young people across the continent,” added Muzira.

Featured image: Participants at a Seedstars event (Supplied) 

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Kenyan on-demand delivery platform Sendy raises $2m

Nairobi-based on-demand delivery platform Sendy has raised $2-million in funding from Dutch impact investor Goodwell Investments.

Goodwell Investments announced the deal in a post on its website today.

Sendy connects businesses and individuals to third party delivery drivers of all vehicle types in Kenya, Uganda and Tanzania. The startup was founded in 2014 by Meshack Alloys, Malaika Judd, Evanson Biwott and Don Okoth.

Sendy was founded in 2014 by Meshack Alloys, Malaika Judd, Evanson Biwott and Don Okoth

Goodwell Investments explained in its statement that the startup’s primary revenue stream is a per-delivery commission charged to the logistics partner.

The investor added that Sendy, which has 700 drivers on its platform, has in the last three years completed over 180 000 deliveries, with the startup posting revenues of $1.5-million last year.

The startup, which plans on expanding throughout East Africa in the near future, is also exploring new distribution models.

These include an “agency model” where packages are aggregated at a central collection point before delivery to the customer.

Goodwell East Africa senior investment manager Joel Wanhoji said in the same statement that Sendy is “already a gamechanger” in the logistics sector.

“Its cutting-edge technology brings efficient capacity utilisation and transparent pricing to a sector that was previously seen as being beyond change.

“Sendy’s platform is enabling savings of more than 20% on the logistics costs, which makes Sendy a good fit within Goodwell’s uMmunthu mandate of providing basic goods and services to people on low and middle incomes — the majority,” added Wanhoji.

Ventureburn sought comment from the startup on what it will use the investment for, among other questions.

While Wendy Akute, a junior community manager at Sendy, acknowledged receipt of Ventureburn’s email, the startup was not immediately able to provide a comment by the time of publication.

Featured image: Two Sendy drivers (Facebook)

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Here are the winners of the 2019 MTN App of the Year Awards

Johannesburg-based insurtech startup Naked has emerged the overall winner of this year’s MTN App Awards. This, after it scooped the best financial solution and best app accolades.

The awards were held last Thursday at the Sandton Convention Centre and spanned multiple categories including consumer, enterprise, healthcare, gaming, educational and financial solutions. Over 600 entries were submitted for this year’s edition.

Naked, which was founded in 2016 by Sumarie Greybe, Ernest North and Alex Thomson offers end-to-end artificial intelligence (AI) based car insurance.

MTN App Awards winner Naked will get a trip to Silicon Valley valued at R200 000

The startup won a trip to Silicon Valley valued at R200 000 to connect with other cutting edges businesses.

North said in a statement last Friday (25 October) that with “so many great apps” on show at the awards, it was inspiring to see how many entrepreneurs are using technology to change lives.

“We are truly humbled that from 600 entries we won the overall App of the year.

“I’m so proud of the team that had the courage to build our system from scratch, with the clear goal of transforming car insurance from a grudge purchase into a transparent, convenient and simple customer experience,” added North.

The other winners from the event are:

  • Most Innovative Solution: SI Realities
  • Best Gaming App: Lost Defence
  • Best South African App: Franc
  • Best Health Solution: Vula Mobile
  • Best Educational Solution: Matric Live
  • Best Women in Science Technology Engineering and Mathematics (Stem) Solution: My Pregnancy Journal and LocTransie
  • Best Incubated Solution: LocTransie
  • Best Agricultural Solution: Hydra
  • People’s Choice Award: Bottles
  • Best Consumer App: Over
  • Best Enterprise App: Digger
  • Best Breakthrough Developer: Mo Wash

Read more: Investors put R30m more in SA insurtech Naked after ‘strong first 6 months’
Read more: Seven SA insurtech startups to watch [Digital All Stars]
Read more: Hollard, Yellowwoods invests R20m in SA insurtech Naked

Featured image: 2019 MTN App Awards winners (Supplied)

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SA crowdfunding platform Uprise.Africa wins award at Govtech conference

SA equity crowdfunding platform Uprise.Africa has been named the top ICT startup at the 2019 State Information Agency (Sita) Digital Public Service Awards.

The awards, which form part of the government’s 13th Govtech conference, were held on Sunday (27 October) evening at the International Convention Centre (ICC) in Durban.

The award category recognises up and coming startups in the information communications and technology (ICT) sector which have demonstrated growth in turnover and have created a successful business model that is able to create jobs.

Uprise.Africa — which currently has three campaigns on offer to investors on its platform — beat finalists business marketplace Sokoni Business Market  and edtech social enterprise Priyo Tech to come out tops in the ICT Startup category.

Uprise.Africa beat finalists Sokoni Business Market and Priyo Tech to come out tops in the ICT Startup category

In May SA regtech startup Intergreatme set what is likely an African crowdfunding record, by raising over R32-million, in just a matter of days after the official launch of the campaign on the platform (see this story).

Uprise.Africa CEO Tabassum Qadir (pictured above) said in a statement yesterday that through the awards, Sita has acknowledged the positive role that South Africa businesses and individuals are playing in driving the adoption and use if state-of-the-art technologies.

The winners of the various other categories were:

  • The Department of Health, KwaZulu-Natal, in the Digital Government category.
  • Eduworks, in the Digital Education category
  • Technovera, in the Digital Social Transformation category
  • Boxfusion, in the ICT Large Company category
  • Reddy Bambi from the Durban University of Technology, in the Digital Innovator category
  • Flavalite Innovation Global, in the Digital Leadership
  • Flavalite Innovation Global, Digital Woman category

Sita also held a hackathon around the National Development Plan (NDP) challenges.

The winner of the National Government category was Rudzambilu Holdings, this while Krazy Thoughtz came out tops in the Provincial Government category and Municipality Alert System (from the University of Johannesburg) won the Local Government category.

Read more: Uprise.Africa mulling offers from four investors for R40m Reeva documentary campaign
Read more: My-iMali looking to raise R25m to save employers thousands of rands in bank charges
Read more: Sun Exchange looking to raise R7m through crowdfunding platform Uprise.Africa
Read more: Uprise.Africa launches Reeva Steenkamp documentary crowdfunding campaign
Read more: Beerhouse looking to raise R3m for third outlet via Uprise.Africa
Read more: Equity crowdfunding platform Uprise.Africa, ZAR X stock exchange partner to list startups on bourse
Read moreUprise Africa calls on funders to co-invest with crowdfunding platform
Read more: How we raised R29m in seven days via crowdfunding – Intergreatme man [Q&A] [Updated]
Read more: SA’s Intergreatme sets Africa crowdfunding record with over R28m raised in just days [Updated]
Read moreSA regtech Intergreatme out to raise R24m through crowdfunding site Uprise.Africa
Read more: ‘Uprise.Africa mulling 159 deals worth almost R1-billion’ [Updated] 
Read more: What startups should know about listing their investment on Uprise.Africa [Q&A]
Read more: In’s and out’s of investing on equity crowdfunding site Uprise.Africa [Q&A]
Read more: SA startup Lula launches R2.5m Uprise.Africa crowdfunding campaign
Read more: 
Uprise.Africa appoints former GEPF man to chair crowdfunding platform board
Read more:
 Uprise.Africa crowdfunding platform nets investment from Silicon Valley VC
Read more: Uprise.Africa mulls 80 projects for equity crowdfunding, as Drifter raise hits R3m [Updated]
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 Craft brewer Drifter raises R1m in first day of equity crowdfunding campaign [Updated]
Read more: More than 30 sign-ups to Uprise.Africa SA’s first equity crowdfunding site
Read more: Uprise.Africa to launch first crowdfunding campaign this month says COO Schofield
Read more: SA equity crowdfunding site Uprise.Africa launches after response from FSB

Featured image: Uprise.Africa CEO Tabassum Qadir (Facebook)

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Ivorian startup Lifiled named Seedstars Abidjan winner

Swiss emerging market startup competition Seedstars World has named Ivorian startup Lifiled the winner of this year’s Seedstars Abidjan pitching event.

The startup offers access to lighting, high-speed internet and educational content using LED light bulb and Light Fidelity (Lifi) technology.

Other than representing Ivory Coast at the Seedstars Africa Summit, Lifiled will get an all-inclusive trip to Johannesburg in December for the Seedstars Africa Summit.

Lifiled will now represent Ivory Coast at the Seedstars Africa Summit

At the regional summit, the startup stands a chance to win a spot at the Seedstars Global Summit in Switzerland where an investment prize of $500 000 is up for grabs.

Lifiled — which was founded in 2014 by Ange Frederick Balma (pictured above), was one of nine startups selected to pitch at the event which was held last Friday (see this story).

Sead Group SA was placed second for its Panelys Cash solution, a mobile money transfer service that works via SMS and is linked to a bank card. This while logistics platform Kamtar was placed third.

A panel comprised of ACG Enterprises’ Edith Brou, BusPortal former CEO Hassan Bourgu, Investors & Partners’ Nous Bih, Yves Ouya, Maniella Ollo and Seedstars’ Clement Delcourt selected the winners.

New gender equality track launched

Seedstars World said in a statement yesterday that it had, in partnership with German development agency GIZ, launched the Gender Equality Entrepreneurship Track at the event.

The new track aims to increase and catalyse investments for women-led startups in Sub-Saharan Africa.

The Women Entrepreneurship Prize, which will be awarded for the track, will consist of an all-inclusive flight, accommodation and VIP access to the regional summit for 10 women-led startups.

In addition, the 10 will also benefit from one-on-one mentoring, group mentorship sessions, expert workshops, one-on-one investor meetings and full executive access to the main day of the Seedstars Africa Summit.

Seedstars World’s next stop in Africa is Mozambique for Seedstars Maputo, this Friday (1 November) to select the best startup in the country.

Read more: Here are the Ivorian startups pitching today at Seedstars Abidjan
Read more: Edtech iStudy wins Seedstars Tripoli as two startups tie for third place
Read more: ‘In Libya the first thing you do as startup is to list all things that might go wrong’
Read more: Teheca, an app that connects expecting mothers to nurses wins Seedstars Kampala
Read more: Here are the nine startups pitching today at Seedstars Kampala
Read me: Mauritian edtech Eco-Warriors wins Seedstars Port Louis
Read more: Here are the eight startups pitching today at Seedstars Port Louis
Read more: Cameroonian proptech startup Digital Renter wins Seedstars Douala
Read more: Here are the startups pitching today at Cameroon’s Seedstars Douala
Read more:
 Tunisian esports platform Seemba wins Seedstars Tunis
Read more: Here’s who’s pitching this afternoon at Seedstars Tunis
Read more: 
Cape Verde ticketing startup Passafree wins Seedstars Praia
Read more: Here’s who’s pitching at this afternoon’s Seedstars Praia
Read more: Solar solutions firm Nadji.Bi Gambia wins Seedstars Banjul
Read more: Rwandan software development firm Exuus wins Seedstars Kigali
Read more: Here are the nine Gambian startups pitching this afternoon at Seedstars Banjul
Read more: These are the nine Rwandan startups pitching today at Seedstars Kigali
Read more: Angolan e-commerce platform Roque Online wins Seedstars Luanda
Read more: Here are the 10 Angolan startups pitching this afternoon at Seedstars Luanda
Read more: Sierra Leonean data analytics startup Track Your Build wins Seedstars Freetown
Read more: 
Here are the nine Sierra Leonean startups pitching today at Seedstars Freetown
Read more:
 Legaltech platform Sheria Kiganjani wins Seedstars Dar es Salaam
Read more: Agritech startup Afrikamart wins Seedstars Dakar
Read more: 
Here are the 12 startups that will pitch at today’s Seedstars Dar es Salaam
Read more: 
Healthtech platform Hospitalia wins Seedstars Cairo
Read more: 
Here are the eight Senegalese startups pitching today at Seedstars Dakar
Read more: 
Four startups from Zanzibar event win chance to pitch at Seedstars Dar es Salaam
Read more
Here are the 10 Tanzanian startups pitching right now at Seedstars Zanzibar
Read more: Fintech startup Growth Factor wins Seedstars Accra
Read more: 
Seedstars announces Joburg as host city for its Africa summit
Read more
P2P micro lending marketplace Pezesha wins Seedstars Nairobi

Featured image: Lifiled founder and CEO Ange Frederick Balma speaking at an Entrepreneurs On The Move Event (Africa Salons via Twitter)

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Two African startups chosen for third cohort of MAN Impact Accelerator

Two African startups — Nigerian drone manufacturing startup Arone and Ugandan based solar-powered motorcycles provider Zembo — are among eight companies that have been chosen for the third cohort of the MAN Impact Accelerator.

The accelerator — which works with startups in the field of mobility, transport and logistics to tackle social and environmental challenges — is an initiative of German’s MAN Truck and Bus and non-profit Yunus Social Business.

Applications for the third cohort opened in August (see this story) and closed on 1 October. The eight were selected from about 300 applications from over 40 counties. The programme kicks off next month.

The Man Impact Accelerator works with startups in mobility, transport and logistics to tackle social and environmental challenges

Nigerian startup Arone claims to be building Africa’s biggest aerial logistics infrastructure for health care. By using smart drones, the startup can provide quick, affordable and reliable delivery of blood and medical supplies to the most remote villages in under 15 minutes.

The startup was founded in March last year by Emmanuel Ezenwere (pictured above).

Zembo provides affordable electric motorcycles for motorcycle taxi drivers in Africa. The company assembles and leases solar-powered motorcycles on a pay-as-you-go model with the possibility of owning the asset after two years.

The startup was founded in 2017 by Daniel Dreher and Etienne Saint-Sernin, according to Saint-Sernin’s LinkedIn page and the page of Dreher. It has offices in Uganda and Paris

The six remaining startups that were selected include Suma, Eu Vo and Nina from Brazil, Koiki from Spain, Addressya from Sweden, and XYT from France.

The accelerator programme will include stops in various cities.

In week one in November, the programme will stop in Munich. Week two in January will be held in São Paulo, Brazil, before moving onto Johannesburg in March for week three. Week four will be held in Lisbon, Portugal. The accelerator programme will end with a closing week back in Munich in June next year.

Arunima Singh, accelerator programme lead from Yunus Social Business said in a statement that the founders who have been chosen to be a part of the MAN Impact Accelerator embody an opportunity to harness the power of business to impact people’s lives in many different geographies.

“At Yunus Social Business, we believe in the power of business to end poverty. A social business is a for-profit company with a social mission at its core 100% dedicated to solving human problems,” said Singh.

The accelerator said in the same statement that in the previous programme, participants have on average doubled their revenues and increased their impact by four times over the course of the programme.

Read more: MAN Impact Accelerator calls on startups to apply for next cohort
Read more
Second cohort of MAN Impact Accelerator kicks off with three SA companies
Read more: SA startups Mellowcabs, GetTruck join MAN Impact Accelerator first cohort

Featured image: Arone founder Emmanuel Ezenwere pictured in October 2018’s Gitex summit in Dubai (Stephen Timm)

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Kenyan startup Twiga Foods closes $30m Series-B round

Nairobi-based mobile-based B2B distribution platform Twiga Foods announced today that it has secured almost $30-million in a new round led by Goldman Sachs.

It follows the $5-million investment from French investor Creadev that the Kenyan startup announced in June (see this story).

Twiga Foods’ platform aggregates the requirements of the informal retailers through its m-commerce platform and leverages this to efficiently source produce directly from farmers and food manufacturers.

The startup was founded in 2014 by Peter Njonjo (pictured above), who serves as CEO, and American Grant Brooke (who served as the startup’s CEO until earlier this year).

Twiga Foods will use the $30m round to set up a distribution centre in Nairobi and expand to more cities in Kenya

TechCrunch reported in an article earlier today that $6.25-million of the funding was in the form of convertible debt and $23.75-million in equity, with the round being classified as a Series-B round. The World Bank’s IFC, TLcom Capital and Creadev joined Goldman on the VC side, it said.

It said Twiga will use the funds to set up a distribution centre in Nairobi and expand to more cities in Kenya. It said the startup is targeting Pan-African expansion by the third quarter of 2020.

Njonjo said in a statement that the latest funding will enable the company to invest intechnology and organisation to tackle the inefficiencies in Africa’s domestic food production and distribution.

We are really excited with the milestone of having #GoldmanSachs join the #TwigaTeam in transforming Food Retail in Africa.https://t.co/XBo8LMMHj8 https://t.co/XBo8LMMHj8

— Peter Njonjo (@njonjo2012) October 28, 2019

Business intelligence platform Crunchbase estimates that the deal brings the total amount of disclosed venture capital that Twiga Foods has raised since it was founded to over $43-million.

Read more: Kenya’s Twiga Foods secures $5m from French investor Creadev
Read moreKenyan supply platform Twiga Foods set to secure up to $7m from IFC, TLCom
Read moreKenya’s Twiga Foods secures $10m investment from IFC, TLcom

Featured image: Twiga Foods co-founder and CEO Peter Njonjo (Facebook)

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SA’s Pineapple wins R22.5m in US startup competition, reveals new funding round

Johannesburg-based insurtech startup Pineapple has won first prize and $1.5-million (R22-million) in VentureClash, a $5-million global venture challenge for early-stage companies, run by US based Connecticut Innovations.

This, as the startup also revealed that it had carried out a funding round of over R5-million earlier this year.

In a live pitch event at Yale University on 17 October in front of a panel of judges, Pineapple beat nine other startups — three from the US, four from Israel and two from Canada — to come out top.

The 10 finalists selected from over 300 vetted applicants. The news follows Pineapple’s selection in September as one of the 10 finalists (see this story).

Pineapple won first prize and $1.5-million in VentureClash following a live pitching event earlier this month

There were several prizes given out by venture capital (VC) fund Connecticut Innovations, from a total prize pool of $5-million.

Pineapple was founded in 2017 by Matthew Elan Smith, Ndabenhle Junior Ngulube and Marnus van Heerden. The startup’s app allows users to insure their things in the snap of a picture, anything from cellphones to bicycles.

‘Close to securing US partnership’

Commenting in a call to Ventureburn today Elan Smith said he and his co-founders would likely use the prize money to fund the development startup’s motor insurance product, which it planned to launch in the next six months.

In addition, some of the funds could go to helping the startup to further explore the US market. The startup, he said, is in “late-stage” discussions with a US partner.

Elan Smith had been based in Hartford, Connecticut for a number of months, while the startup was part of the Hartford InsurTech Hub (see this story). The cohort has since come to an end.

‘Asisa ESD Fund round was above R5m’

Elan Smith also confirmed that earlier this year the startup took a bridging round of funding from the Association for Savings and Investment SA (Asisa) Enterprise Supplier Development (ESD) Fund.

The fund, which is managed by Edge Growth, mentions the investment in its April-June 2019 quarterly report (opens as a PDF).

Reads the report: “Since launching in July 2018, Pineapple has seen more than 13 000 members join the platform, converting many to active policies in the home-content items space.

It said the trust’s investment will enable Pineapple to expand its team, develop the business further and cater for growth and working capital needs including technology and operational enhancements.

Elan Smith declined to disclose how much the round was for, but confirmed that it was higher than the R5.2-million in seed funding the startup secured from Lireas Holdings, the strategic investment arm of Hannover-Re Group Africa, in 2017 (see this story).

Asisa investment principle Alex Rodrigues also declined to reveal the amount the startup got in funding, but pointed out that it one of the fund’s rules is that any single investment can’t be higher than 10% of the entire assets under management by the fund — which currently totals R450-million.

Elan Smith said the startup currently has 12 employees and is looking to make about three more hires by the first quarter of next year.

Pineapple is underwritten by Compass Insure.

Read more: SA insurtech Pineapple named as finalists of $5m global venture challenge
Read more: SA startup Pineapple secures R5.2m to take on short-term insurance market
Read more: SA startups Pineapple, Preeva win place in Google’s Launchpad Accelerator Africa
Read more: SA startup Pineapple to take on US market with Hartford InsurTech Hub
Read more: Seven SA insurtech startups to watch [Digital All Stars]

Featured image: Pineapple co-founders Ndabenhle Ngulube, Marnus van Heerden and Matthew Elan Smith (Supplied)

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Endeavor selects Egyptian, Nigerian entrepreneurs to join organisation

Five African entrepreneurs from Egypt and Nigeria have been have been selected to join Endeavor‘s entrepreneurs programme.

The non-profit organisation, which supports high-impact entrepreneurs around the world, selected the six at its 91st International Selection Panel held in Istanbul, Turkey between 21 and 23 October.

The six include Egyptians Karim Khorshed, who is the CEO of cloud communication platform Cequens, and Omar Gabr and Moataz Soliman, the co-founders of Cairo-based mobile developer platform Instabug.

Endeavor now supports 1992 entrepreneurs in more than 35 markets around the world

Also selected were Nigerians Chijioke Dozie (pictured above, with Facebook’s Mark Zuckerberg in an earlier photo) and Ngozi Dozie. The two are the co-founders of Lagos-based fintech OneFi which owns digital financial services startup Carbon.

Carbon last week launched Carbon for Business, a digital financial services platform that provides startups, small businesses the services and technology they need to build and scale their businesses.

In all, 24 entrepreneurs from across 12 countries were selected at the International Selection Panel. With the selection of the 24, Endeavor now supports 1992 entrepreneurs leading 1 243 companies in more than 35 markets around the world.

The 24 entrepreneurs will now gain access to comprehensive customised services which include introductions to local and international business mentors and volunteers from Fortune 500 consulting firms who will help them address key needs.

Read more: Team from Kenyan startup Copia among Endeavor’s latest entrepreneurs to join fold
Read more: Endeavor welcomes six new African entrepreneurs into fold
Read moreEndeavor selects eight African entrepreneurs to join organisation
Read more: Nigerian fintech startup Amplify acquired by OneFi for undisclosed amount [Updated]
Read moreNigeria’s OneFi secures $5m debt facility for its Paylater mobile platform
Read more: Goodwell makes $2m equity investment in Kenyan-based ecommerce firm Copia

Featured image, left to right: Facebook founder Mark Zuckerberg and OneFi CEO and co-founder Chijioke Dozie (Chijioke Dozie via Twitter)

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