Snarkhealth and Trade Lenda are among the 14 start-ups announced to pitch live at the upcoming Africa Tech Summit in Nairobi, Kenya. Earlier today, organisers announced the final shortlist of ventures who will vie for the attention of investors, corporates, and media.
The summit – scheduled for Wednesday, 15 and Thursday, 16 February 2023 – is a leading technology event providing insight and networking with the continental tech ecosystem. It brings together tech leaders, mobile network operators, banks, international investors, entrepreneurs, governments, trade bodies, media, and leading ventures to drive investment and business in African tech.
More than 250 entries from 20+ African countries, including Kenya, Tanzania, Ghana, Zambia, Mali, South Africa, and Benin, were submitted. Pitch Live is kindly supported by Enza Capital, Paystack, Raise and Carnegie Mellon University Africa (CMUA).
The 14 startups slated to pitch live are:
- Trade Lenda (Nigeria) is a financial service company assisting micro, small and informal retailers with access to funds for their business needs within 6 hours with zero collaterals. Created in 2021, it has three cofounders – Adesina Adewunmi, Shina Arogundade, and Oluwatosin Ayodele – and operates in Lagos, Nigeria.
- Snark Health (Kenya) helps patients improve their access to cost-efficient healthcare through its alternative payment model using blockchain technology by removing the need for governmental or commercial healthcare insurance.
- Aiponics, Inc (Zambia) designed Hrvst, a digital marketplace, to fight food insecurity in Africa by tackling deficiencies in the food market on the supply and demand side.
- FreshSource (Egypt) is leveraging technology and data to streamline the agricultural value chain to improve food security in the MENA region.
- FaidiHR LLC (Kenya) developed an innovative cloud-based HR and payroll solution for SMEs to streamline complex payroll processes.
- Goodtalent Corporation Ltd (Nigeria) developed an innovative HR technology for global companies to source, vet, and run compliant payrolls for African talents.
- Glover Technologies (Nigeria) is developing wallet services for powering Web3 commerce across Africa.
- Kiotapay (Kenya) is an end-to-end real estate platform that automates payment and business flow to address the housing problems for African SMEs and households.
- Lendha (Nigeria) is building a credit-led financial operating system using artificial intelligence to support the growth of Small and Medium Enterprises (SMEs) in Africa.
- PesaChoice (Rwanda) developed the Midas Human resource (HR) software, and loan solution to address the gap in access to finance for African SMEs and corporations.
- Sendstack (Nigeria) developed an app-based solution that replaces instant deliveries with pre-scheduled deliveries to increase financial stability and on-the-road efficiency for riders.
- Tripesa (East Africa) is a no-code platform that offers payment solutions for Africa’s travel and tourism sector by helping SMEs to digitize their businesses.
- Vesti Technologies Inc (Nigeria) is simplifying financial and legal services accessibility for immigrants in their host countries.
- Zofi Cash (Uganda) is a salary advance platform developed to address the challenges of financial emergencies before Payday.
The Africa Startup Summit, now in its fifth edition, continues to recognise technology start-ups looking to raise pre-seed, seed, and series A funding to solve real challenges.
Andrew Fassnidge, director of Africa Tech Summit, shared: “Pitch Live is an important part of Africa Tech Summit in showcasing new ventures and connecting investors, founders and key stakeholders. Last year’s edition resulted in several ventures closing funding rounds, so we are very excited to see what happens this year and would like to thank all our supporting partners for making it happen.”