8 African fintech startups selected for the Greenhouse Lab Accelerator 2021
Eight African fintech startups have been selected to participate in the latest edition of the GreenHouse Lab accelerator, securing access to funding and mentorship.
GreenHouse Lab is the principal accelerator scheme organized by GreenHouse Capital.
GreenHouse Capital is a lagos-based fintech platform to connect startups, corporates, and investors that are driving innovation in Africa.
They invest in disruptive startups, accelerate promising entrepreneurs, design innovation programs for forward-looking corporates, and so much more. By bringing together stellar individuals and companies, of all sizes, they create exponential output for the future of Africa.
Participants receive an initial US$10,000 investment from GreenHouse Capital and if they proceed to be accepted into a top global accelerator, they will be eligible for an additional US$50,000 from the GreenHouse Capital Founders Fund.
The Founders Fund buttresses an important part of GreenHouse Capital’s vision of “founders backing founders”, as it is seeded by several of Africa’s top tech founders.
In 2021, 8 African startups have been accepted into Fintech Accelerator.
THE BASIS OF SELECTION.
According to GreenCapital, the selected companies represent the cutting edge of Africa’s fintech sector and are led by young tech entrepreneurs who are solving critical market challenges in fintech infrastructure, personal wealth management, cross-border remittances, and diaspora services.
Six of the selected startups from Nigeria include a real estate investments platform MyInvest, payment collection platform Collect Africa, payments API Payhive, P2P crypto exchange ScaleX, customer data aggregator Dojah, and startup-focused equity crowdfunding platform GetEquity.
The other two startups are from Kenya; a mobile money-based investments platform Chumz and savings service Route.
According to Bunmi Akinyemiju, founding partner of GreenHouse Capital:
We are excited to be welcoming these fantastic startups into the GreenHouse Capital community. We are always looking to support companies that are a step ahead in their thinking of how to solve everyday challenges that Africans face. Our direct investment into each startup shows our confidence in their potential, and we are also proud to have created a vehicle specifically for African founders to invest alongside us as well.
The program is a six-week long exercise. The program has kick-started and the selected startups have already participated in several exclusive sessions with global investors, world-class corporate partners including Amazon Web Services and Google for Startups and so much more.
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