Startups Profile

The founders of Altech Group, Iongwa and Washikala were forced to flee their home village of Baraka in South Kivu during the Congolese civil war. They grew up in a Tanzanian refugee camp, which only cemented their friendship from early childhood. As they grew older, their entrepreneurial spirit was evident to DAFI, a UNHCR program […]

Founded in 2016 by Shola Akinlade and Ezra Olubi, Paystack builds technology to help Africa’s best businesses grow from new startups to market leaders launching new business models. Paystack makes it easy for businesses to accept secure payments from multiple local and global payment channels, and then they also provide tools to help you retain

Founded in 2020, with its minimum viable product launched in early 2022, LUMOS co-founder and CEO Eric Fan said the platform enriches OOH ads with digital retargeting and advanced audience analytics to create a new immersive and data-driven marketing environment for brands. Lumos is the first internal AppStore for companies. With Lumos, employees are more

EFAfrica Group (EFAG) is a purpose-driven business that aims to become the leading equipment leasing provider for SMEs in Africa, driving job creation and poverty alleviation. Through connecting committed investors, people, original equipment manufacturers, and their distributors along with the use of a standardized technology-based appraisal and monitoring methodology supported by committed investors, EFAG can

Appzone was founded in 2008 by current CEO Obi Emetarom to build software solutions for banks. It took three years for them to launch their first product which is a Digital Core Banking application for microfinance institutions. The company has grown in leaps over the last decade.  In 2012, they launched a banking system to

Valenture Institute was founded by South African-born entrepreneur Robert Paddock, who was also co-founder of Getsmarter, a transformative digital education company successfully acquired by Nasdaq-listed 2U in 2017. To become the biggest online high school in the world by 2028, this The investment will certainly add fuel to Valenture Institute’s already raging fire. The school

Founded in Kenya by Timbo Drayson in 2014, OkHi provides digital address verification to financial services, creating the world’s next-generation addressing system to tackle the physical addressing challenge that affects half the world and costs businesses an estimated US$200 billion a year. Its products allow banks, fintech, and businesses to collect and verify customers’ addresses

Easy Solar began operations in 2016, focusing on solar-powered lanterns and home systems for low-income, rural customers without access to electricity.  In 2020, the company expanded its “Buy Now, Pay Later” model to finance a wider range of energy-efficient appliances and consumer electronics, which includes smartphones, cookstoves, and appliances such as TVs, fans, and freezers. 

Auxano Solar is a renewable energy solution provider with high proficiency in the solar energy industry. Founded in 2014, the company delivers high-performance residential and commercial solar system solutions. Auxano’s high-performance solar panels are produced from high-efficiency solar cells thus, they generate more power than conventional solar panels.  Headquartered in Lagos, Auxano Solar is continually

Founded in 2017 by the Nigerian-born Nnamdi Emelifeonwu who currently serves as its CEO and Feargus Macdaeid, Definely is a London-based legal tech that employs Artificial Intelligence (AI) to simplify the drafting, reading, and understanding of contracts. Definely was originally conceived by two lawyers working at Magic Circle law firm Freshfields, one of whom was