Please Wait....

    SBC AfriTech startups have raised €600k and secured 20 pilot agreements

    SBC AfriTech’s second cohort has secured 20 proof-of-concepts, pilot and commercial agreements and raised a collective €600 000 in funding

    Among the startups that concluded agreements were:

    • Ivorian insurtech Digitech, which announced that it had secured a partnership with the Saham Group, one of the largest insurance companies in West and Central Africa.
    • SA mobility-as-a-service platform Lüla which announced it had concluded partnerships with several Cape Town based corporates that will now be using Lüla’s shuttle to transport their employees. The companies include Aurecon, V&A Waterfront, RCS and Old Mutual.
    • Kenyan startup Mpost said it was engaged in early pilot discussions in four African countries which include Botswana. The startup has patented a technology that enables any cellphone user to transform their phone into a unique mobile postal address and mobile postal box.
    • SA decentralised rewards platform Brandbook, which revealed that its pilot with Unilever has resulted in over 1000 receipts being analysed with transactions amounting to R21-million in 10 days. The startup also announced that it had secured a proof-of-concept with SBC AfriTech sponsor RCS.
    • Akiba Digital, which said it had also secured a proof-of-concept with RCS.
    • Pago, which announced that it had integrated with Mastercard’s Masterpass API.
    • Nigerian fintech Kudimoney, which detailed how it had run a beta version that ended up generating more than $300 000 in goal-based savings for 10 000 people. The startup now has a waiting list of 30 000 users.

    Commenting in a statement today (9 November), SBC Afritech co-founder and CIO Zachariah George praised the startups from this year’s cohort.

    “This year’s startups proved how important it is to not just be successful, but to be significant, to build solutions above and beyond yourself and your community — to build a legacy,” he added.

    SBC AfriTech yesterday also revealed that it plans to work with equity crowdfunding platform Uprise.Africa to link startups that have participated in the accelerator to potential investors on the platform.

    Featured image: Startupbootcamp Afritech team with the accelerator’s 2018 cohort (Supplied)

    Story Page