Savannah Fund, a seed capital fund that invests in technology startups in sub-Saharan Africa, has announced its 4th Accelerator class. The 4th accelerator class comprises of four startups, selected from over 150 applications across Africa.
According to a blog post by Savannah Fund, half the class has at least one woman co-founder. The class of four hail from Kenya, Nigeria, Zimbabwe and Malawi and is an interesting mix of financial services/fintech, marketing and ecommerce, bitcoin related investment and strong B2B startups.
The four startups are:
BitFinance (Zimbabwe): Founded by Verengai Mabika, BitFinance makes it easy for anyone to buy and/or sell Bitcoin in Africa. Their Flagship product, BitcoinFundi, is an online Bitcoin Exchange that allows people to buy and/or sell Bitcoin with mobile money and/or bank transfers.
Djuaji (Kenya/Malawi): Djuaji facilitates scalable survey-based research to help businesses obtain data at low cost by paying respondents with mobile money. Hungai Amuhinda, a developer and tech entrepreneur is the brain behind Djuaji
Forex (Kenya): Forex simplifies the process of transacting foreign exchange and makes it affordable for all. The team has currently contracted 3 Kenyan banks and are actively engaged with enlisting a further 11. Foex was founded by Amoroso Gombe, an Electronic Engineer.
Podozi (Nigeria): Podozi is a beauty technology and content-driven ecommerce startup, with a goal of becoming the biggest beauty ecommerce platform out of Africa. The fonder, Wale Babatunde and Teniola Adejuwon believe that Podozi.com is set to change the way Africans shop for beauty and personal care.
Each startup will get between $25-30,000 investment, graduation and demo day set for end of July 2015.