Techstars Toronto has selected four Nigerian startups to participate in its Accelerator program. Techstars selected Korapay in 2019, Quidax in 2020 and has recently added TalentQL and Plentywaka to its program to scale their businesses.
Techstars Toronto provides Accelerator portfolio companies with access to financial, human and intellectual capital to fuel the success of their business.
Upon getting accepted to Techstars Accelerator, the selected companies are offered a $100,000 convertible note.
Techstars contribute $20,000, which is used as a stipend to support the company’s living expenses during the program.
Sunil Sharma, Managing Director of Techstars Toronto said, “Nigeria is gradually increasing in prominence across sectors like mobility, finance, and eCommerce, and its talent space presents another intriguing opportunity”
Startups selected into the Accelerator will receive
- A 90-day Techstars mentor-based Accelerator program with personal mentorship and office space
- Permanent access to the Techstars worldwide network of entrepreneurs
- Access to more than $300k of cash equivalent hosting, accounting and, legal support
Here are the 4 Nigerian startups participating in Techstars Toronto 2021:
TalentQL
This recruitment startup is on a to democratize access to opportunities for African tech talents. The startup builds faster and more strategically by leveraging its wide talent pool to hire top tech talents quickly.
With more than 100 tech skills available and over 2000 developers in its network, TalentQL is building a strong engineering team for talent acquisition.
According to its website, the startup realized that a lot of the career growth opportunities for developers were concentrated in a few key locations and it was getting harder for top talent outside of those locations to get noticed by innovative companies.
TalentQL is committed to supporting companies around the world, build and manage world-class remote engineering teams consisting of high-performing technical talents across the continent.
The recruitment startup provides both technical talents and companies can collaborate and work on innovative projects from anywhere in the world.
Plentywaka
PlentyWaka is a technology-driven bus sharing solution, designed to allow users to schedule their rides from their preferred pick-up locations to their desired destination and receive real-time information about their rides thus offering every-day commuters convenience, safety and comfort in their daily commute.
PlentyWaka features better, efficient and comfortable vehicles suitable for the structural outlay of the city of Lagos.
The platform takes into consideration the lapses of the current transport system and aims to become a key player in the alleviation of congestion in the capital city.
PlentyWaka is targeted at providing its riders with comfort, security and reliable rides at pocket-friendly rates.
The technology-driven platform is also the first and only bus-hailing platform that creates an avenue for individuals to venture into the transportation industry by sponsoring project units and receiving returns at the end of their sponsorship.
Quidax
Quidax makes it safe and easy to buy and sell Bitcoin, Ethereum, Ripple, Litecoin and other cryptocurrencies using your local currency.
The cryptocurrency platform has made it easy for traders to purchase cryptocurrency using their local currency.
According to its website, the startup sees a world where sending money and value around the globe is as easy as sending a text message thus it is on a mission to build the liquidity that would power the next generation of remittances, making it 4 times cheaper, 8 times faster and much more efficient.
Korapay
Korapay is the marketplace for financial services that has simplified payments for smarter businesses.
Korapay enables local and global businesses to sell, build and scale effortlessly with powerful payment solutions.
The startup enables merchants to build superior customer-centric payment experiences that really set them apart.
The platform creates flexible payment methods for its users.
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