Startups Profile

Asaak, which started operations in Soroti Uganda in 2016, pivoted to motorcycle financing in 2019 after a period of lending to farmers and then SMEs.  The startup has so far financed the purchase of 5,000 motorcycles and has also started providing smartphones and fuel financing to the operators. Asaak is redefining asset financing, starting in […]

Founded in 2016 by Douglas Baguma and David Tusubira, Innovex has developed “Remot”, a cloud-based Internet of Things (IoT) solution that transforms the distribution of off-grid solar energy systems and equipment using digital tools by enabling solar companies, EPC, and distributors to remotely monitor and manage their energy systems. The two co-founders realized that solar

Launched in July 2017, StarNews Mobile targets the mass market with a network of over 50 mobile channels offering celebrity-based content priced at low daily subscription rates. Users can subscribe to their favorite celebrities’ channels through their operator for as low as US$0.10 per day. Once subscribed, they receive a video link via SMS to

Founded in 2014 by Frans Cronje and Daniel Schwartzkopff, DataProphet is an artificial intelligence (AI) startup that aims to position companies in the manufacturing industry to evolve towards autonomous, energy-efficient production, optimizing manufacturing performance.  The mission of DataProphet is the creation of guaranteed value for their manufacturing clients and partners. As a company, they realized

Founded in August 2020, Mono helps digital businesses in Africa access their customers’ financial and identity data. Its plug-and-play technology allows customers like Flutterwave, Carbon, and Indicina to access a broad range of high-quality financial data from institutions across Africa through a single API. Mono is a technology company on a mission to power the

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