GreenHouse Capital, a Lagos-based fintech investment fund and platform concerned with supporting fast-paced startups and early-stage companies with innovative technology solutions, has selected eight innovative African startups into its 2021 flagship fintech accelerator, GreenHouse Lab.
The basis for selecting these startups, according to GreenHouse Capital, is because they are headed by young tech entrepreneurs that are solving crucial market challenges in fintech, personal wealth management, diaspora services and cross-border remittances, and the startups also represent the cutting edge of Africa’s fintech sector.
Out of the selected eight for the GreenHouse Lab Accelerator, six are from Nigeria while two are from Kenya.
The six Nigerian fintech startups are ScaleX, a P2P crypto exchange platform; MyInvest, a real estate investments platform; GetEquity, an equity crowdfunding platform that is focused on startups; Collect Africa, a payment collection platform; Payhive, a payments API; and Dojah, a customer data aggregator platform.
The two Kenyan startups that were selected to take part in the accelerator program are Route, a savings service platform, and Chumz, a mobile investment platform that is money-based.
GreenHouse Capital will give participants US$10,000 direct investment and if they go on to be accepted into a top global accelerator, they will be eligible for an additional US$50,000 from the GreenHouse Capital Founders Fund.
The core of GreenHouse Capital’s vision is “founders backing founders” and the GreenHouse Capital Founders Fund depicts this because it is needed by many of Africa’s top tech founders.
The six-week accelerator program is ongoing and startups have already participated in several exclusive sessions with global investors, accomplished tech founders, and world-class corporate partners which include Google for Startups and Amazon Web Services.
Bunmi Akinyemiju, a founding partner of GreenHouse Capital, had this to say about the selection:
“We are excited to be welcoming these fantastic startups into the GreenHouse Capital community.
We are always looking to support companies that are a step ahead in their thinking of how to solve everyday challenges that Africans face.
Our direct investment into each startup shows our confidence in their potential, and we are also proud to have created a vehicle specifically for African founders to invest alongside us as well.”
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