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Competition Announced in This Newsletter’s “Opportunity and Publications” Section Announces Winners

Nine African tech Startups are among the 117 chosen so far for the Silicon Valley-based Y Combinator accelerator. All winners will receive US$125,000 each in seed funding as well as further investment opportunities at a demo day. Nigeria and Egypt leading the way with 3 winners each. The Nigerian representatives are Mecho Autotech, which connects car users with mechanics and smart part vendors; Suplias, a B2B marketplace for mom and pop stores; and Lemonade Finance, a multi-currency payments solution. Egypt is represented by licensed online insurance brokerage Amenli, car parts marketplace Odiggo and ShipBlu, a last mile ecommerce delivery and fulfillment company. Morocco has 2 representatives – Chari, an ecommerce and fintech app for traditional retailers, and Freterium, a collaborative SaaS platform that connects organisations, people and technologies in the logistics value chain. South Africa’s Floatpays, an on-demand wage access platform, completes the list. Y Combinator is perhaps the world’s most famous accelerator, and is increasingly selecting African tech Startups to take part in its programme. Its alumni features Flutterwave, Paystack, Kobo360, Cowrywise MarketForce, Kudi, WaystoCap, WorkPay, Healthlane, Trella, 54gene, CredPal, NALA and Breadfast.

Alastair Tempest

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