• These solutions are seeking to raise $1 million (Sh 137.5 million) to $5 million (Sh 692.3) in funding across the different sectors.
•Africa Tech Summit, London aims to become a link between African tech enterprises and foreign investors.
Some 12 African startups have been selected for the Africa Tech Summit in London to pitch for investment opportunities at the London Stock Exchange on June 23.
Of the 12, two are Kenyan are they are expected to pitch their ideas before investors, corporates and industry experts.
With an audience of African tech-focused investors, the companies will acquire skilled training, connections, sponsorships and get an opportunity to learn from different industry experts.
Africa Tech Summit, London aims to become a link between African tech enterprises and foreign investors.
The investment showcase also seeks to create a deeper understanding and collaboration that will fast forward the growth of the African tech ecosystem in Ghana, London and Nairobi.
“We are delighted to link and showcase leading ventures to international donors to boost the African tech ecosystem that is slowed down due to funds,” Andrew Fassnidge, Africa Tech Summit MD said.
The 12 selected startup companies include eBiashara and Waya (Kenya), Astravest, Creditchek, Famasi Africa, Pivo and Quantum (Nigeria).
Others include Knabu (UK-based), Safiri App (Tanzania), Premier Credit (Zambia), Profitshare Partners (SA), and Zeal (Egypt).
These solutions are seeking to raise $1 million (Sh137.5 million) to $5 million (Sh692.3 million) in funding across the different sectors.
Waya is a digital banking solution that offers its customers a broad range of services— easy access to money, cashless services as well as easy transfer of money for both local and international customers.
The startup aims to provide financial opportunities to destitute and immigrant individuals who work and reside in the USA.
The US-based Kenyan fintech launched its full-service digital bank and money transfer app in September last year.
The startup believes that financial barriers to people of colour and immigrants should be broken and empowered to safely save, spend, pay and borrow at the comfort of their phones.
E-Biashara provides training workshops,Vulnerability Assessment and Penetration Testing (VAPT) services.
These assist in identifying and mitigating possible threats to businesses and cloud computing services.
“Due to the low investment input in the African tech ecosystem, we are happy to welcome 300 delegates to drive and invest in fast-forwarding businesses in Africa and Europe,” Fassnidge said.