Africa Tech Summit Nairobi has announced the 10 African tech ventures that will showcase their solutions to an audience of industry experts, investors and fellow innovators on February 14-15. The event is a leading African tech conference, providing insight and networking with the African tech ecosystem. It brings together tech leaders, MNOs, banks, international investors, entrepreneurs, governments, trade bodies, media and leading ventures to drive investment and business in African tech.
Africa Tech Summit Nairobi
The sixth edition of the event, powered by global account receivable and expense management solution Raenest, will take place in February, connecting over 1,000 African and international industry leaders, investors, and startups from across the African tech ecosystem. The annual Investment Showcase allows selected ventures to showcase their products and services to a diverse audience of local and international investors and tech leaders.
More than 250 entries were received from various countries across Africa, with 10 startups eventually selected, spanning fintech, agri-tech, e-commerce, Web3, and climate-tech. They are all looking to raise funding ranging from US$500,000 to US$15 million.
Selected Startups
Four of the selected companies are from Kenya: Node Bio, which utilises cutting-edge plant science to develop crop treatment that effectively combat the adverse effects of climate change; Tausi App, a beauty tech company that is leveraging technology to link beauticians to potential customers; Peercarbon, a climate fintech startup leveraging granular emissions data and cutting-edge sustainable finance technology to empower African SMEs; and URBANET, which promotes international dialogue on development activities worldwide.
Four more are from Nigeria, namely Bingtellar, which is building payment infrastructure for global citizens including freelancers, remote workers, contractors, and businesses; Dukka, which is digitising payments and bookkeeping solutions to assist small businesses; Feegor, a B2B e-commerce company connecting SMEs to manufacturers and major wholesalers; and Regxta, which is making financial services accessible to underserved communities and micro-businesses in rural and peri-urban areas across Africa.
The other two selected startups are Egypt’s Valu, MENA’s leading Buy Now Pay Later lifestyle-enabling fintech platform, and Uganda’s FutureLink Technologies, a digital marketplace that is simplifying financial access for individuals and facilitating payments for financial cooperatives. These startups are part of a growing trend of innovative companies in Africa, and their selection for the Investment Showcase demonstrates the continent’s thriving tech ecosystem.
According to the report, amidst the challenging backdrop of decreased funding for African startups in 2023, the spirit of entrepreneurship continues to thrive across the continent. The main objective of the showcase is to connect these ventures with both local and global investors.
Henry Umunnakwe, ecosystems and sales manager of Africa Tech Summit, said, “Amidst the challenging backdrop of decreased funding for African startups in 2023, the spirit of entrepreneurship continues to thrive across the continent, and we are delighted to introduce these 10 pioneering ventures for this edition of the Investment Showcase. Our main objective of the showcase is to connect these ventures with both local and global investors. We look forward to welcoming over 1,000 delegates to the summit to catalyse collaborative efforts and propel investments to further fuel innovation and growth throughout the continent.”
Investment and Growth
The Investment Showcase is an opportunity for these startups to connect with investors and industry leaders, and to potentially secure funding to grow their businesses. With the African tech ecosystem continuing to evolve, events like Africa Tech Summit Nairobi are essential for driving investment and innovation in the continent. As the continent’s tech industry continues to grow, it’s likely that we’ll see more startups like these 10 selected ventures, who are pushing the boundaries of what’s possible with technology in Africa, such as those involved in second home buying in Egypt.
For more information on the startup companies and the Investment Showcase, you can visit the Africa Tech Summit Nairobi website. The summit will take place on February 14-15, and will feature a range of speakers, panels, and networking opportunities, including discussions on small business funding.
