GreenHouse Lab, the fintech accelerator program arm of GreenHouse Capital, has announced the eight startups selected for its 2021 cohort.
Each of the eight startups will receive $10,000 direct investments from GreenHouse capital, and an additional $50,000 if they get into a global accelerator program like Y Combinator or 500 startups.
Who’s on the list?
Six (6) emerging startups from Nigeria, and two (2) from Kenya.
From Kenya, Chumz is leveraging the prevalence of mobile money to enable real-time, and accessible investing. It helps demystify the investing process and achieve financial freedom.
Route helps users track and manage savings as well as invest their savings to build wealth.
From Nigeria, there’s Dojah which aggregates customer data from multiple sources into one API that service providers can use to verify customer information.
GetEquity enables individuals to invest in startups, helps startups to raise funding from more sources, and allows investors to create liquidity by exchanging shares in their portfolio companies.
MyInvest, on the other hand, allows users to invest in high-yield real-estate projects.
Payhive provides a solution for global payment transfers using cryptocurrency wallets and a secure transaction platform.
Collect Africa helps businesses connect multiple payment methods to their websites or mobile apps through a single API to give their customers more ways to pay.
Finally, there’s ScaleX, a secure, automated, multi-network P2P platform that gives traders the flexibility to trade coins from multiple networks while controlling transaction fees.
The cohort will spend the next six weeks in the program, attending exclusive sessions with accomplished tech founders, global investors, and corporate partners like Google for Startups and InsiderPR.
GreenHouse Capital knows what they’re doing. They have invested in some of Africa’s leading start-ups including Flutterwave, Max.ng, and Wallets.
Their model is founder-backed, with veteran founders helping younger founders find and solve critical challenges. This model has contributed to getting about 40% of the start-ups GreenHouse Capital invested in to get selected for global accelerator programs.
Fintech accounts for almost half of the investments raised every year and it’s great to see growth in the space.