While investments in Africa’s entrepreneurial sector, particularly in technology, are growing, African female founders have only been able to receive a small portion of the investments.
According to a study, 3% of the funds generated by African startups from 2013 to 2021 went to female-owned firms, and 76% went to male startup founders.
Notwithstanding the gender gap in the entrepreneurial space, investment in African female founders increased dramatically in 2021 compared to the preceding years.
Some female entrepreneurs on the continent are making waves with this increase. Here are some African female founders on the rise.
Honey Ogundeyi founded Edukoya, an African online learning platform, in 2021. She established Edukoya to become the best online learning platform for Africans.
She achieved this by lowering the cost of expensive learning resources and increasing the accessibility of top-notch educational resources.
The edutech entrepreneur offers individualised learning across grades on Edukoya by utilising a data-enabled question bank, world-class instructors, cutting-edge technology, and data science.
According to her, “Our vision at Edukoya is to redefine online education for the next generation of Africans. Africa has the fastest-growing school-age population globally, with over 260 million students.
Our goal is to democratise access and make high-quality instruction and content accessible and affordable to every student, regardless of where they live on the continent”.
Jihan Abbas is the founder of Lami, an end-to-end digital insurance platform and application programming interface (API) that enables companies across sectors to offer insurance products. This way, it is decentralising the insurance sector for low-income Kenyans.
With its API, customers quickly get customised insurance products like auto, health, or other personal insurance types to meet their needs. This includes coverage documentation immediately.
With Tebogo Mokwena Akiba Digital, small business owners and underbanked people can access a better financing structure.
According to the CEO and founder, “I hope to use technology and innovation to contribute to Africa’s economic growth by unlocking financial access for those who are predominantly excluded”.
Ifeoluwa Dare-Johnson is the co-founder and CEO of Healthtracka, a health technology firm that uses at-home sample collection and digital results to decentralise lab testing in Africa.
The platform also serves diaspora members who return to Africa, maybe for a visit. This was made possible through a collaboration with Fleri, a US-based insurance tech business that assists immigrants in providing access to top-notch healthcare for their families back home.
Tomilola Majekodunmi is a financial expert with more than ten years of expertise in investment banking and portfolio management. With her skills, she created Bankly, digital savings and peer-to-peer transfer solution.
The platform acts as a savings platform for the unbanked by digitalising the informal thrift savings method. This gives the unbanked demographic the technological and individualised service they need to digitally save their money and increase their revenue securely and straightforwardly.