Three African startups have been selected to pitch at the first-ever virtual Seedstars International Demo Day 2020 on October 14, 2020.
The startups are Chaka (Nigeria), Dryve (Egypt), and Pezesha (Kenya). These 3 startups will join 15 others from around the world who are set to pitch their product and share their progress in the online demo day.
“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,” shared Seedstars CIO Charlie Graham-Brown.
With a growing portfolio of 60 companies in 25 countries and with around 30 investments being added each year, Seedstars is continuously on the lookout for the next group of startups to help scale and add to the growing global network of entrepreneurs in emerging markets.
The Seedstars Growth Program is designed to help companies with early signs of product-market fit implement a growth methodology and unlock their growth formula, positioning them to raise their Series A round.
Despite Covid-19, Seedstars onboarded 17 startups to make up Batch 5 & 6 with a focus on companies either benefiting from or resilient to the crisis.
On top of receiving access to thousands of USD-worth tools like Amazon Web Services, Xero, HubSpot, and more, participating startups receive 50K USD in investment from Seedstars and potential follow-on tickets from Seedstars and its network of investors.
Meet the African startups
Chaka (Nigeria) – Chaka enables individuals and companies to invest in Nigerian and US stocks through its digital investment platform.
Dryve (Egypt) – Dryve is the first peer-to-peer car sharing platform in the Middle East and North Africa. Through their special relationship with Axa, they have introduced the first of its kind “pay as you drive” insurance policy in the Middle East and the first ever digital claims process in Egypt.
Pezesha (Kenya) – Digital Infrastructure for financial inclusion of the underserved in Africa, currently reaching 7.23% week-on-week growth in terms of the value of loans disbursed, with rolling 30% monthly growth rate.
The culmination of the post-acceleration program will be livestreamed on Seedstars’ social media platforms and attendees can also register to meet with the startups. Tune in to hear from the founders as they present their tech and business solutions for a variety of industries across developing countries by signing up here: https://seedsta.rs/30fIbTv.
