Nailab Season 5 startups into Bitcoins, Payments & Home Security

With over 35 startups under its portfolio and founded in 2011, Nailab, a Nairobi based tech and business incubator has announced its 2015 cohort, comprising of a bitcoin processor, an NFC payments firm, a square for Africa and a home security social network as well as toll service line for everyone stuck.

The 5^th batch of startups commenced on Monday 12^th January and will be in the program until end of June.

The five startups are:

Byt: They are a startup looking to facilitate purchase of bitcoins by offering a purchase option using local mobile money platforms. Users also get a guide on where to use the bitcoins purchased.

Tracopay: Developing a super smart card that uses NFC technology to facilitate retails transactions and is also set to enable bill payments, money transfer and online payments. The solution is set to redefine ease, speed and efficiency on transactions made using proprietary technology. Security is assured using a biometric lock system.

Service line: Is creating a system that generates one toll free service line that helps consumers access emergency services and different businesses hotline services therefore eradicating the need for one to absorb a million numbers. In partnership with Small and Medium Enterprises (SME) and Small and Home Office businesses (SOHO’s) the system will offer more than just customer relations, it will help build customer experiences.

 Ujirani: Is a mobile app that is set to digitize the nyumba kumi initiative. The app will help connect neighbours within set neighborhoods using a safe and controlled system. The app using geo-mapping will help identify the users neighborhood and location. It will also give access to emergency services through their distress option.

Lipaplus: A startup developing a mobile POS system that is attached to an android phone and is designed for small-scale businesses to enable them access credit and debit card payments.