The Meltwater Entrepreneurial School of Technology (MEST) has announced seven African startups to receive $700,000 in funding.
The cohorts, who recently graduated MEST’s 2018 year-long training program, were chosen from 17 teams composed of 58 entrepreneurs.
MEST will invest $100,000 in each of the seven companies from Ghana, Nigeria and Kenya who will then join MEST Incubators in Africa.
The seven selected startups are:
• Sharehouse, a Kenyan on-demand storage marketplace whose founders are driven to bring efficiency to warehouses that have been out of reasonable reach for many SMEs.
• Judy, the Nigerian AI-driven search engine for Commonwealth Case law who only a few weeks into launch, has acquired a customer in one of the continent’s largest law firms.
• CodeIn from Ghana, a technical recruitment platform that hopes to unlock work opportunities for freelance software developers in Africa and the world.
• Bace from Ghana, a client onboarding application for financial institutions that secures KYC data via OCR and facial recognition technology.
• Truckr, a Ghanaian cargo booking and monitoring platform utilising affordable software and hardware made for the land freight ecosystem in Africa.
• Jumeni, a Ghanaian field management and payment collections platform and,
• Nvoicia, the Nigerian invoice discounting startup.
“The seven teams we are investing in today represent the strength of the incredible diversity within our cohorts”, Aaron Fu, MEST Managing Director said
“Not only are they immediately launching all across Africa, but each of these startups are also born with pan-African co-founders, opening up the possibilities of rapid subsequent expansion into other markets across the continent.”
He added that the investment from MEST would help fuel the growth of the seven startups across “some of the most exciting markets in Africa in industries ranging from logistics and identity to law and recruitment.”