The founders of South African cryptocurrency investment platform Africrypt have disappeared along with $3.6 billion (R51.4 billion) worth of Bitcoin, according to a report….
Startups from Nigeria and Kenya will have the chance to pitch at this year’s virtual Seedstars International Demo Day.
The demo day will take place on the 14th of October and will include 18 startups
The event will feature two Kenyan startups, Fuzu and Pezesha, and a Nigerian startup, Chaka. The Demo Day will also include startups from regions including Asia, the Middle East, and North Africa along with Latin America and Latin America.
Seedstars International Demo Day
This year’s Demo Day is part of the Seedstars International Growth Programme. The Programme is a three-month-long virtual post acceleration programme that has been designed to assist startups.
The programme aims to assist startups in building a growth team and implement a strategy to support the business’s growth. The participants had to meet certain requirements to be eligible for the programme.
Participants must have met the following criteria:
- A verified business model
- Generate sales and revenue
- Investor ready
- Operating in the following sectors; agriculture, education, financial services, energy, real estate, retail, energy, and government.
This year the Demo Day the startups received $50 000 (+/- R830862,50) in an initial investment; $30 000 (+/- R498517,50) cash and $20 000 (+/- R332345.00) for the programme fee.
The participants also received approximately $100 000 (+/- R1661725.00) in services from partners including Upwork, Xero, Hubspot, Rebump, Microsoft, Intel, and Segment.
Three African startups
The Nigerian startup, Chaka, has assisted its clients to invest in the African and international stocks through its digital platform. The startup has provided its clients with access to equities Exchange Traded Funds (ETFs) in more than 40 countries.
Founded in 2016, Kenyan startup Pezesha is a fintech startup that aims to connect small and medium businesses to gain capital through a joint effort with banks and other financial institutions.
The Kenyan career accelerator, Fuzu was launched in September 2015 to assist their clients in finding “meaningful careers.” The CEO of Fuzu, Jussi Hinkkanen, explained that their vision is to become a hub of African talent.
“A place where individuals and organisations access value-adding data-driven services preparing them for success while respecting privacy and cultivating trust,” said Hinkkanen.
Feature image: Chaka, Twitter