Selected from a pool of over 900 applicants, these start-ups specialize in digital solutions for the African market, including fin-tech, transportation, health care, education, human resources, and B2B.
The Bretton Wood institution; World Bank has picked twenty African most promising digital start up for the XL Africa residency.
This program is the flagship initiative of the business accelerator launched by the World Bank Group's infoDev program.
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Digital start-up selected will learn from their mentors and peers, increase their regional visibility, and get access to potential corporate partners and investors.
The residency running from Nov. 6-17 in Cape Town will conclude with the XL Africa Venture Showcase.
With support from African investment groups, XL Africa will help the start-ups attract early stage capital between US$250,000 and US$1.5 million.
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The selected start-ups participating in the event are:
- Aerobotics (Data, South Africa)
- Asoko Insight (Data, Kenya, Ethiopia, Ghana, United Kingdom, and Nigeria)
- Coin Afrique (Marketplace, Senegal and Benin)
- Edgepoint Digital (Jamii) (FinTech - Insurance, Tanzania)
- Electronic Settlement Limited (FinTech, Nigeria)
- Lynk Jobs Ltd. (HR, Kenya)
- MAX (Transport, Nigeria)
- ogaVenue (Venue Platform, Nigeria)
- Ongair (SME Services, Kenya)
- Pesabazaar.com (FinTech, Kenya)
- Prepclass (EdTech, Nigeria)
- Printivo (Printing, Nigeria)
- Rasello Company Ltd. (SME Services, Tanzania)
- Rensource (Energy, Nigeria)
- Sendy Ltd. (Delivery, Kenya)
- Snapplify (Publishing, South Africa and Kenya)
- Sokowatch (Delivery, Kenya)
- TalentBase (HR, Nigeria)
- Timbuktu (Travel, South Africa)
- Tizeti Network Ltd. (Connectivity, Nigeria)
XL Africa is funded by the governments of Finland, Norway, and Sweden, and administered by the World Bank Group with implementation support from IMC Worldwide, VC4A, and Koltai & Co.
Selected from a pool of over 900 applicants, these start-ups specialize in digital solutions for the African market, including fin-tech, transportation, health care, education, human resources, and B2B. Read Full Story
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