New Investments
Techstars Toronto Accelerator Program Backs 10 African Startups in 2023 Cohort
Techstars Toronto, a renowned accelerator program, has announced its 2023 summer cohort.
This selection underscores Techstars’ continuous commitment to fostering innovation and entrepreneurship on the African continent and its recognition of the region’s burgeoning tech talents.
The 10 African startups selected for the 2023 Techstars Toronto summer cohort are:
- CatalyzU (South Africa): A digital platform that vets, trains, & places Africa’s leading talent at global startups.
- MPOST (Kenya): The startup empowers individuals in the developing world with virtual addresses.
- Seso (Ghana): The startup is on a mission to bring transparency in Africa’s real estate sector.
- Ladder (Ghana): Ladder is providing personalized financial advisory and accountancy services.
- Payfi (Nigeria): A buy now, pay later startup that provides international students access to affordable housing.
- Cutstruct (Nigeria): The startup provides a platform for a building material marketplace, driving efficiency in construction in Africa.
- Chimoney (Nigeria): A fintech startup that provides digital financial services to Nigerians living abroad.
- Reeple.ai (Nigeria): A fintech startup helping helping African immigrants in the Diaspora access seamless financial services.
- Oval (Nigeria): A fintech startup that provides customers with DeFi-enabled products.
- Hulugram (Ethiopia): The Ethiopian startup is enabling social engagement for over 30 million internet users in the country via a chat-based platform.
The program concludes with a Demo Day, where startups pitch their businesses to investors and potential partners.
The selection of 10 African startups for the 2023 Techstars Toronto summer cohort is a testament to the growing dynamism and innovation of the African tech ecosystem.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
PIDG Invests €4.3 Million to Scale Afreenergy Solar’s Clean Energy Expansion in Senegal
The Private Infrastructure Development Group (PIDG) has announced a €4.3 million investment in Afreenergy Solar to support the expansion of clean energy solutions for businesses in Senegal.
SA’s Inclusivity Solutions Secures $1.5 Million Series A Extension Round to Fuel Pan-African Expansion
South African insurtech startup Inclusivity Solutions has announced the closing of a $1.5 million Series A extension round led by impact investment firm Goodwell Investments.
IFC Proposes $30 Million Equity Investment in Adenia’s Pan-African SME Fund
The International Finance Corporation (IFC) has announced plans to invest up to $30 million in equity in the Adenia Entrepreneurial Fund I, a private equity vehicle that focuses on supporting small and medium-sized enterprises (SMEs) and small-cap companies across Africa.