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News around Africa - Startup - October 7, 2020

The 3 African Tech Startups Pitching at Seedstars International Demo Day

After taking part in the Seedstars Growth Programme, three African tech startups are expected to pitch next week at the virtual Seedstars International Demo Day.

The Seedstars Demo Day was designed to help businesses with early signs of product-market fit adopt a growth strategy and activate their growth formula, allowing them to increase their Series A round.

The demo day slated for the 14th of October will feature 18 startup – three of which are African, participating in batches four and five of the programme. They are Nigeria’s Chaka, which, through its digital investment platform, enables individuals and companies to invest in Nigerian and US stocks; Kenya’s Pezesha lending platform; and Kenya’s Fuzu, an online career accelerator platform.

READ ALSO: AlphaCode Awards R450 000 to SA Fintech Startup at Virtual Demo Day

Seedstars and its investor network have secured funding of US$ 30,000 from participating startups, as well as access to tools such as Amazon Web Services, Xero, HubSpot, and more.

Solutions in other verticals are also provided by fellow startups from the Asia, CEE, MENA and LATAM areas.

“We have two goals with demo day. First, we have asked the founders to put the ‘demo’ back into demo day and I hope that participants will get real insights into how the companies operate and their value propositions.

Second, we want to share with the world the incredible opportunity and talent we’ve discovered in 2020 and encourage more people to focus their time, money or know-how on emerging markets,” said Seedstars chief investment officer (CIO) Charlie Graham-Brown.

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