Startupbootcamp AfriTech has announced the 11 startups selected for the latest cohort for its accelerator programme.
Africa Startup Initiative Program (ASIP), which is anchored by Telecel Group, aims to support the next generation of early-stage African tech startups that are disrupting key industry verticals. These include FinTech, InsurTech, AgriTech, Climate-tech, e-commerce, digital health, and CleanTech, mobility, micro-leasing, and digitising the informal economy.
Participants of the programme will receive three-months coaching and support.
They will also have access to the global Accelerator Squared platform. This is a library of content, group workshops, 1:1 mentoring, and collaborative sessions with entrepreneurs in residence, and invite-only discussion forums with founders from around the globe.
Program director Henry Ojour stated that 20% of the applications to the latest cohort had previously applied, and 50% applied based on recommendations of alumni founders.
Of the 11 startups, two are FinTechs. The first of these is Kyanda Africa, a Kenyan company that supplies businesses and individuals with reliable money transfer. Through its services, users can easily pay their bills, make payments to merchants, send money to others and buy insurance plans.
The other FinTech company is BD Waste. The startup combines FinTech and sustainability to recover plastic waste from communities. Its Digicycle product allows customers to deposit plastic waste and receive funds into a wallet, which can be used to purchase data packages, insurance and more.
Other partners of ASIP are Dutch Entrepreneurial Development Bank (FMO), AWS,Freshworks, Google and Firstbase.
ASIP director Eleanor Azar said, “Telecel is proud of the great effort that was put into this cohort 3 of the Telecel Group ASIP accelerator program powered by SBC AfriTech.
“We have exceptional startups with innovative and positively disruptive ways of treating the African challenges that they have set out to solve and build their startups around. To those who did not make it into the top 10, I wish you all the luck, you should be proud that you have come out on top of more than 2,000 applications received into the program. “
Earlier in the week, Y Combinator announced there are 600 entrepreneurs taking part in its latest accelerator.
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