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Labs by ARM accelerator has selected Five Nigerian fintech startups to participate in its third cohort program.
The program is designed to support startups with the best post-MVP addressing challenges in Nigeria’s financial industry.
With support from Ventures Platform Labs by ARM is supporting the transitioning of post-MVP fintech startups to product-market fit, helping them to acquire more users.
The 12-week program is the third edition of the Labs by ARM accelerator which has started this month and will be ending with a demo day in June.
The five selected startups will participate in multiples of activities poised at improving the growth of their companies while certifying that they are investment-ready.
Benefits of participation
The five selected startups will:
- Receive up to US$50,000 in equity funding
- Get business advisory services
- Obtain access to ARM’s API and network
- Free and discounted services, plus other benefits.
Here are the five startups selected for Labs by ARM accelerator
Pass
This startup creates what appears to be a seamless online shopping experience for users. Offer users a faster way to checkout, no passwords in just one click.
The platform is an innovative e-commerce solution that ensures the checking out online and last-mile delivery convenient through its one-click checkout technology.
According to its website, its mission is to solve for faster payment and seamless logistics in the digital marketplace
platforms on the African continent, while its vision is to be the leading payment and logistics technology solution provider for Africa.
Plumter
This platform offers a convenient route to making foreign payments. Users can create virtual and physical dollar cards that work for them.
Plumter is simplifying foreign payments, providing users with experiences that make foreign payments look like local payments. The startup seeks to remove hurdles that makes foreign payments difficult.
According to its website, the startup offer users high success rates across several merchant platforms, be it virtual or physical cards with its transactions secured via a military grade encryption and best data security practices as mandated by the payment industry.
Bongalow
Bongalow is reinventing how home financing works for its users. Users can go on the platform to apply once to receive offer letters from multiple mortgage lenders.
The startup began as a MyAwayHome, a mortgage origination platform for Africans living abroad. On realizing that accessibility to financing and securing the best terms was a challenge here in Africa, the startup rebranded to Bongalow to better serve Africans in both clime.
Bongalow shops your application around and ensure users secure the best possible offer by granting as many lenders as possible access to their mortgage application.
House Africa
This startup enhances Real Estate transactions in emerging markets leveraging technology.
House Africa provides cutting-edge technology solutions in revolutionizing real estate.
The platform is building a data-driven ecosystem for fast and easy means of processing interactive real estate transactions and backed by transparency through innovation.
House Africa is enabling African’s real estate industry using technology.
Breeze
This is a payment system that offers Nigerians with forex liquidity required to trade and transact on the global stage.
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