10 startups selected for Africa Tech Summit Nairobi Investment Showcase

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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.

Africa Tech Summit Nairobi is a leading African tech event providing insight and networking with the African tech ecosystem, bringing together tech leaders, MNOs, banks, international investors, entrepreneurs, governments, trade bodies, media and leading ventures to drive investment and business in African tech.

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 is a cornerstone of Africa Tech Summit, allowing 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. 

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 (BNPL) 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. 

“Amidst the challenging backdrop of decreased funding for African startups in 2023, the resilient 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 spotlight and foster connections for 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,” said Henry Umunnakwe, ecosystems and sales manager of Africa Tech Summit.

Register for passes to Africa Tech Summit Nairobi, February 14-15, here.



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