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African Startups to Compete at the Seedstar Summit Competition in Switzerland

Switzerland based global seed-stage startups competition; Seedstars World selected 25 cities across all the regions of Africa – kicking off on May 26th, 2017 in Johannesburg, South Africa to November 10th, 2017 which will be in Kenya, to participate in its 4th annual global seedstars summit competition.

Previously, they were only 19 cities that were participating in the competition. In April Seedstars World decided to add six (6) more cities, Yaounde, Kinshasa, Port Louis, Antananarivo, Khartoum, and Lusaka.

So far 12 cities have already held their pitch day event where three (3) winners were selected but only the overall winner from their respective countries get to take part in the regional summit and global Seedstars Summits that include our tried and tested bootcamp and investor forum. It’s a catalytic platform for high growth emerging market startups.

Startups will finally proceed to the final pitch event in Switzerland, an exciting event filled with panel discussions, specialized workshops and the best minds from emerging markets, where the local winners will compete to be crowned the Seedstars World Global Winner and also win a cash prize of US$500,000 (roughly 1,822,500,000 UGX) in equity investment.

Startups from respective countries to participate at the seedstart world summit in Switzerland:

StartupCountrySector
EMG TechnologiesSouth AfricaMedtech / Biotech
Tabech Servicos E.I.MozambiqueFinance / Payments
Nefrids Africa LimitedTanzaniaInsurance
NumidaUgandaEnterprise Services
SREEthiopiaHighTech / NanoTech /Materials
MedsafNigeriaHealth / Wellness
CINETPAYCôte d’IvoireFinance / Payments
AgroCentaGhanaAgriculture Tech
ESeneMaliAgriculture Tech
MaTontine SenegalSenegalFinance / Payments
GiftedMomCameroonHealth / Wellness
PikiWash Ltd.RwandaConsumer Services
TupucaAngolaFood and Beverage
myRunnerZimbabweTravel and Transport
Benda Yango SARLCongoConsumer Products
M-ShuleKenyaEducation

Notably, Numida a two year startup issues unsecured loans to credit-constrained Ugandan entrepreneurs, who use the startup’s app to manage their finances and charges a base rate of between five and 15% on terms of between one and three months, with loan amounts going as high as USD$1,500 (roughly 5,407,500 UGX). Users can access credit after only seven days of app use, but the longer and more often they use Numida the higher loan principals and better terms they are offered.

Editor’s Note: The article has been updated since the time of publication.

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