Eight African fintech startups have been selected to take part in the latest GreenHouse Lab accelerator, securing access to funding and mentorship.
GreenHouse Lab is the flagship accelerator program of GreenHouse Capital, a Lagos-based fintech investment fund and platform focused to assisting early-stage companies and world-class emerging market entrepreneurs in building the next generation of innovative technology companies.
Participants receive a direct investment of US$10,000 from GreenHouse Capital and are eligible for an additional US$50,000 from the GreenHouse Capital Founders Fund if accepted into a top global accelerator. The Founders Fund, which is seeded by several of Africa’s top tech founders, is at the core of GreenHouse Capital’s vision of “founders backing founders.”
GreenHouse Capital has accepted eight innovative African startups into the 2021 Fintech Accelerator, stating that these companies represent the cutting edge of Africa’s fintech sector and are led by young tech entrepreneurs solving critical market challenges in areas such as fintech infrastructure, personal wealth management, cross-border remittances, and diaspora services.
Six of the selected startups are from Nigeria: MyInvest, a real estate investment platform, Collect Africa, a payment collection platform, Payhive, a payments API, ScaleX, a P2P crypto exchange, Dojah, a customer data aggregator, and GetEquity, a startup-focused equity crowdfunding platform.
The other two startups selected to participate are Chumz, a mobile money-based investment platform, and Route, a savings service.
“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,” said Bunmi Akinyemiju, founding partner of GreenHouse Capital.
