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Venture Capital For Africa Announces 12 Startups For 2019 Venture Showcase

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Venture Capital For Africa

Venture Capital for Africa (VC4A) has announced the 12 ventures (11 Series A and 1 Seed+) for its 2019 Venture Showcase.

These startups represent the best investment opportunities on the continent. They have been vetted by 40 Venture Capital investors through a rigorous referral and selection process.

The companies demonstrate strong revenues and competitive edge, are well-positioned for regional and internal expansion and are working on important innovations in the healthcare, finance, transport, commerce and advertising sectors.

The founders will showcase their businesses in front of the investors at Africa Early Stage Investor Summit in Cape Town on 13-14 November 2019, with the aim of raising $250k-$5mln in Series A capital.

All startups provide technology-intensive or innovation-based products or services that are currently available in one or more African markets.

Introducing the 2019 VC4A Venture Showcase companies

The 12 companies are: 7keema (Egypt), Brimore (Egypt), Buseet (Egypt), CredPal (Nigeria), CrowdForce (Nigeria), FinChatBot (South Africa), FlexClub (South Africa), LifeBank (Nigeria), Mobiz (South Africa), Snapnsave (South Africa), Yassir (Algeria), and VRapeutics (Egypt) for the Seed+ category.

7keema is a technology-enabled healthcare services platform that enhances the accessibility and quality of nursing services while empowering female nurses everywhere.

Brimore is a social commerce platform that enables manufacturers to grow on a national scale through a powerful commercial arm of individuals, selling the products to their surrounding circles via all possible channels.

Buseet operates private high-end buses in transporting daily commuters. allowing businesses and employees to book trips on predefined routes through their apps.

CredPal is a financial technology company that enables consumers to make purchases across online/offline merchants and pay in fixed monthly installments by providing them with instant access to credit at the point-of-sale and also on credit cards.

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CrowdForce is building an ecosystem of 1 million merchants that will render penetrative market research and financial inclusion services to the billions of consumers in Africa and other emerging markets.

FinChatBot develops bespoke Artificial Intelligence-powered chatbots to help financial service providers acquire and retain customers while reducing operating costs.

FlexClub is a managed marketplace helping independent drivers on digital platforms access vehicle ownership based on their skills while simplifying how purpose-driven investors can earn competitive returns from funding commercial fleets.

LifeBank is a medical distribution company focused on transporting supply chain-sensitive medical products such as blood, vaccines, and oxygen in developing countries using high and low technologies as well as smart logistics.

Mobiz is a powerful yet easy-to-use software-as-a-service (SaaS) platform that offers businesses of all sizes of cutting-edge customer engagement. Mobiz’s proprietary SmartSMS product combines the ubiquity of established mobile channels with the personalization of the web to create unique calls to action.

Snapnsave is South Africa’s #1 cashback coupon app that gives shoppers and independent traders cashback when shopping in-store, just by snapping a photo of their shopping receipts.

Yassir is an innovative transportation service that can be used with your smartphone anywhere, anytime. It allows everyone to book a driver and to move safely.

And last but not least, our special selection in the ‘Seed+’ investment category is VRapeutic. It develops virtual reality software for therapy, with a focus on learning disabilities and developmental disorders, such as autism, ADHD, dyslexia, and cerebral palsy.

These 12 selected startups will be linked to top VC investors as mentors in the coming weeks and receive bespoke investor readiness training that culminates in a 1-week residency in Cape Town, South Africa.

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During the residency, the startups will have the opportunity to interact with and learn from their mentors, peers, and partners, before delivering their pitches on the main stage of the Africa Early Stage Investor Summit.

The program offers two days of networking opportunities at the Summit, where entrepreneurs will also engage with interested investors during deep-dive sessions.

Moreover, the participants will pitch to a wider audience of corporates, investors and tech professionals at VC4A’s partner event, AfricaCom.

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