Startups Profile

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

Good Nature Agro was founded in 2014 by Carl Jensen, Sunday Silungwe, and Kellan Hays. It is a for-profit social enterprise that believes in farmer-centric impact.  They work with Africa’s most rural small-scale farmers to supply the region with high-quality legume seed and commodities. They do this intending to move the farmers from poverty and

Launched as TozzaPlus in 2017, the startup was founded by Paul Kimani and Jackson Kibigo. As TozzaPlus, it was a full-on enterprise resource planning (ERP) software providing inventory management, CRM, HRM, accounting, and project management solutions. It was rebranded in 2019 to WorkPay making it a cloud-based human resources management and payroll solution for small

Founded in 2015 by Islam Shawky, Alain El Hajj, and Mostafa Menessy, Paymob is an infrastructure technology enabler providing payment solutions to empower digital financial service providers through mobile wallet technology. Paymob’s mobile wallet infrastructure processes over 85% market share of transactions in Egypt and serves merchants across five different markets including Kenya, Pakistan, and