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Africa produces 8 out of 12 startups for Techstars Toronto Accelerator October 2021 batch

Africa is being recognised for its accelerating innovations globally. Out of 12 startups selected for the Techstars Toronto Accelerator October 2021 batch, eight are African companies.

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Techstars Toronto Accelerator
Techstars Toronto Accelerator

An increased number of African startups are participating in the Techstars Toronto Accelerator programme 2021.

Techstars Toronto Accelerator provides funding, access to its networks and mentorship to tech startups from around the world.

Annually, over 500 early-stage companies are selected to join one of its 3-month mentorship-driven accelerators. A sum of $120,000 is invested in these companies alongside the hands-on mentorship and access to the Techstars Network for life.

The 3-month programme is held in batches and this year, the first batch of successful applicants was announced in March. They included two Nigerian and only African startups, Treepz (initially Plentywaka) and TalentQL as well as eight other startups, giving a total of 10 companies.

The number of companies participating in Techstars Toronto’s October 2021 batch has increased to 12, with a raised number of eight African startups.

  1. Healthtracka is a digital health platform founded by Ìfẹolùwà Dare-Johnson. The startup provides at-home lab testing, sample collection and result collection in less than three days.

  2. Fleri was founded by Sam Baddoo and helps immigrants provide healthcare and insurance for their loved ones back home from the U.S.

  3. OurPass is a Nigerian startup that provides one-click checkout technology for digital commerce in Africa. The startup was founded by Samuel Chukwunonso Eze and recently closed a pre-seed round of $1,000,000.

  4. RentSmallSmall was co-founded by Tunde Balogun, Pidah Tnadah and Naomi Olaghere in 2017. The Nigerian proptech startup provides on-demand rental solutions.

  5. Kyshi is a UK-based but Africa-focused fintech that specialises in facilitating cross-border money transfers from Europe to Africa.

  6. Payday enables transactions between Africa and other countries. Founded by Favour Ori, PayDay is the first Rwandan startup to join Techstars Toronto Accelerator.

  7. Lenco is a neobank that offers tailor-made products for SMEs. The startup makes bank accounts easy to open and free to manage for businesses in Africa, and provides tools that help businesses grow.

  8. Duhqa is a Nairobi-based logistics startup that makes last-mile delivery seamless through its innovation.

ALSO READ  Rent Small Small becomes first African proptech company to join Techstars Toronto Accelerator

​Joan Aimuengheuwa is a content writer who takes keen interest in the scopes of innovation among African startups. She thrives at meeting targets and expectations. Contact: [email protected]

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