The upcoming Africa Tech Summit Nairobi is set to feature ten African tech ventures presenting their solutions to industry experts, investors, and fellow innovators on February 14th and 15th. Despite a decline in African startup funding in 2023, this investment showcase aims to stimulate collaborations and create investment opportunities to bridge the funding gap in the ecosystem.
Data from Africa: The Big Deal indicates a 39% decline in African startup funding, dropping to $2.9 billion in 2023 from the previous year’s $4.6 billion. The selection of ventures for the showcase spans various sectors, including fintech, agritech, e-commerce, Web3, and climate tech, and they are seeking funding ranging from $500,000 to $15 million.
The ten selected ventures include:
- Node Bio (Kenya): Utilizing plant science to develop crop treatment combating climate change effects.
- Valu (Egypt): A leading Buy Now Pay Later (BNPL) fintech platform in the MENA region.
- Bingtellar (Nigeria): Building payment infrastructure for global citizens, simplifying crypto transactions and money transfers.
- Dukka (Nigeria): Digitizing payments and bookkeeping for small businesses across Africa.
- FutureLink Technologies (Uganda): A digital marketplace simplifying financial access for individuals and facilitating payments for financial cooperatives.
- Tausi App (Kenya): A beauty tech company connecting beauticians to potential customers.
- Feegor (Nigeria): A B2B e-commerce company connecting SMEs to manufacturers and wholesalers.
- Peercarbon (Kenya): A climate fintech startup leveraging emissions data and sustainable finance technology.
- Regxta (Nigeria): Making financial services accessible to underserved communities and micro-businesses.
- URBANET (Kenya): Promoting international dialogue on sustainable urban development and decentralization.
The Investment Showcase aims to spotlight these ventures and foster connections with both local and global investors. The Africa Tech Summit Nairobi expects over 1000 delegates to catalyze collaborative efforts and propel investments for further innovation and growth across the continent.
