The Baobab Network, a Nairobi-based accelerator that invests in early-stage startups all over Africa, has unveiled its latest new group of five investees, each of whom will receive US$25,000.
After making five more investments as part of a new model, the Baobab Network has been accelerating businesses with capacity building and fundraising since 2019. It now endorses 25 startups in 11 countries. Starting in March, the newest cohort began a three-month aggressive expansion program.
The five startups include:
Sidebrief (Nigeria)
Sidebrief makes business compliance simple and quick by automating it. Through their APIs, the startup also assists African businesses in expanding across borders by streamlining legal, incorporation, company administration, banking, and regulation.
Lendha (Nigeria)
Lendha is a platform for Nigerian business owners looking to expand their operations and increase cash flow through quick working capital loans. It’s a versatile platform for loan applications.
You must own a business (registered or unregistered) that has been in operation for at least 6 months to be qualified for a Lendha loan.
Gootalent (Nigeria)
Goodtalent is a cloud-based social talent marketplace that allows businesses to crowdsource, screen, recruit, onboard, and pay techies for full-time, remote, and contract positions around the world.
By crowdsourcing your techies – one talent pool, instant messaging, talent recommendations based on talent, or requesting the community for referrals – the startups serve to minimize cost and time-to-hire.
Opusanalytics (Egypt)
OPUS empowers businesses to make data-driven decisions by integrating the power of their people’s data.
To monitor, track, generate and reassign individuals, the startup also provides visibility into Skills, HR Measurements, and Talent Intelligence across a workforce.
Mightyfinance (Zambia)
Mighty Finance is the go-to SME finance partner for growing businesses and changing lives through the provision of flexible, simple, and affordable loans. SMEs, small businesses, and personal entities can get quick and easy loans from the startup.
The five startups, each of which received US$25,000 in funding and a comprehensive expansion program, join 20 other startups in which The Baobab Network has invested since its accelerator launched in 2019.
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