Seven Africa-based startups have been selected to take part in the latest edition of the Techstars Toronto accelerator, securing access to mentorship, US$120,000 in funding, and the opportunity to secure further investment at demo day.
The 13-week Techstars Toronto accelerator programme is designed to provide mentorship, funding and access to the Techstars network. It culminates with a demo day at which selected startups will pitch to a carefully curated group of investors. Startups also secure US$120,000 in equity investment.
Six startups including a Ghanaian startup have been confirmed for the cohort for the fifth edition of the accelerator. Three of those are Nigerian, namely business management platform Lenco, e-commerce checkout service OurPass, and digital health platform Healthtracka.
Kenyan last mile distribution service Duhqa, Ghanaian healthcare payments and insurance service Fleri, and Rwandan foreign payments platform Payday are the other Africa-based companies involved in a cohort that also includes the UK-based but Africa-focused remittances service Kyshi.
Source: Disrupt Africa