Nairobi-based technology seed fund and accelerator, Savannah Fund has announced its 4th accelerator class of four.
The accelerator said in the blogpost announcing the new class that it selected from over 150 applications across Africa.
Savannah Fund’s 4th cohort is drawn from Kenya, Nigeria, Zimbabwe and Malawi and each startup will receive between $25, 000 to $30, 000 in investment upon graduation. The demo day for the present class is set for July 2015.
The startups are:
- BitFinance from Zimbabwe. The startup is exploiting bitcoin in mobile and enterprise transactions in Africa.
- Djuajifrom Kenya and Malawi is looking to help make reliable market data available for small businesses to make intelligent business decisions.
- Forex from Kenya is seeking to simplify foreign exchange trading. Forex is says is going into market worth more than $2 billion dollars.
- Nigeria’s Podozi is retailing beauty and personal care products, and they are working on redefining how Africans shop for grooming products.
Since its launch in 2012, Sannavah Fund has invested in 20 startups from its fund chest of $10 million.