Meet Techstars Toronto Accelerator’s nine African startups

Meet Techstars Toronto Accelerator's nine African startups

Techstars Toronto Accelerator has revealed the nine African startups to participate in its latest programme.

The 13-week accelerator aims to provide mentorship, funding and access to the Techstars network, according to a report from Disrupt Africa. At the end of the programme, there will be a demo day where selected startups will pitch to a room of investors.

Participants also secure $120,000 in funding, it said.

Among the African startups are some FinTech companies. One of these is Nigeria-based GIGXPAD. The company stylises itself as the crypto bank and serves as an all-in-one app where users can store, earn, invest and spend their crypto assets.

Another cohort member is recruitment and payroll software developer Raenest. The company aims to help people in Africa get paid faster by clients and businesses.

The other FinTech company is Glover Technologies. The company allows over 100,000 users around the world to buy, sell and trade gift cards.

The remaining companies in the cohort are, online education company Klas, messaging service Simpu, professional network LaborHack, eyewear startup Mamy Eyewear, delivery firm Fez Delivery and logistics company Renda.

Earlier in the week, Nigerian payments and financial services company Paga launched its Visa cards, which come in both physical and virtual forms. These cards allow customers to spend at more than 100 million merchants around the world

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