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Techstars Toronto Accelerator Program Backs 10 African Startups in 2023 Cohort

Techstars Toronto, a renowned accelerator program, has announced its 2023 summer cohort.

The cohort features ten promising African startups among a total of 24 companies.

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.
  • (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 Techstars Toronto accelerator program is a three-month intensive program that provides startups with mentorship, resources, and networking opportunities to help them grow and scale their businesses.

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.

These startups are poised to play a leading role in shaping the future of Africa and the world.

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