8 African fintech startups have been selected to participate in the latest edition of the GreenHouse Lab Accelerator, out of which, one is a Nigerian-based P2P crypto exchange called ScaleX.
The accelerator, which is the first-ever pan-African fintech accelerator. is an initiative by GreenHouse Capital, a Lagos-based fintech investment fund and platform focused on supporting early-stage startups and entrepreneurs building the next wave of innovative technology companies.
Participating startups will receive $10, 000 direct investment from GreenHouse Capital and be eligible for additional $50, 000 if they go on to be accepted into a top global accelerator.
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Here is a list of the selected startups:
- Chumz (Kenya) – Mobile money-based investments platform
- Collect Africa (Nigeria) – Payment collection platform
- Dojah (Nigeria) – Customer data aggregator
- GetEquity – Startup-focused equity crowdfunding platform
- MyInvest (Nigeria) – Real estate investment platform
- PayHive (Nigeria) – Payments API
- Route (Kenya) – Savings service
- ScaleX (Nigeria) – P2P crypto exchange
The above startups will be on a 6-week accelerator program that will also see them get product credits from world-class corporate partners such as Amazon Web Services and Google for Startups and an exclusive public relations strategy session with InsiderPR.
The program will also include mentorship sessions with the founders of Y Combinator-backed companies including:
- MarketForce
- Mono
- Wallets Africa
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About Greenhouse Capital
Founded in 2014, GreenHouse Capital is a leading African fintech investment fund and platform focused on supporting early-stage companies and world-class emerging market entrepreneurs building the next wave of innovative technology companies.
Powered by Google for Startups, GreenHouse Lab has accelerated 15 leading African startups since its inception.
It has invested in leading companies like Flutterwave, MAX.ng and Wallets Africa, and believes in “founders backing founders” and is home to Africa’s leading accelerator programmes for women-led and fintech startups.
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RECOMMENDED READING: 47% of Deals Closed in the First Half of 2021 are in the Fintech Sector – Inside the 2021 Africa Investment Report
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