Nigeria’s leading multi-merchant reward platform, ThankUCash, has been selected along with 8 other startups across the world into the Betratron startup accelerator program.
Betratron, a Hong Kong based startup accelerator-cum- VC firm invests in companies with plans to expand their operations into the Asian region.
They provide funding, mentorship and guidance to startups that are accepted into their accelerator programs to ensure a seamless expansion process.
At the beginning of the program, Betratron provides an investment of up to $500,000 each to the selected startup and also organize a 3 weeks intensive bootcamp where they are introduced to mentors and networks with firsthand knowledge of the Asian market.
Over 2500 applications from various startups across the world but selected only 9 for its sixth cohort, which means the acceptance rate for this cohort was about 0.36%.
This shows how much of a stride this is for ThankUcash to be accepted into this program.
“We are proud of our journey so far and acceptance into the Betatron Cohort 6 Accelerator Program further shows that we are on the right path as a company. Our mission of helping businesses prosper by connecting them with customers is clearly a shared one regardless of geography and this has reflected in the traction we have receiving from investors and partners who are eager to be a part of our story and this continues to fuel our commitment to our goals” said the CEO of ThankUCash, Simeon Ononobi, on its acceptance into the program.