6 out of the 12 selected startups for the first google Launchpad Africa accelerator were Nigerian startups but non of which was from south-southeast (SSE). only two startups(Touchabl & mypadi) from SSE has ever received major investment of above $1,000 from outside investors or accelerators.
Although this isn’t totally investors fault, most startups in SSE are probably still in research and testing stage with a new or an unidentified market. but here’s a few startups we think are Ycombinator or Techstars material and we think they should consider applying.
Ever since web technologies were conquered by the big four (Facebook, Google, Amazon, Microsoft) its predicted that blockchain and crypto currencies are the future of Financial technology and will do for payments what email did for communication.
unicorn.ng is a decentralized Cryptocurrency exchange service founded in 2017 that’s based in Port Harcourt with a mission to bring bitcoin and other cryptocurrency solutions closers to Africans via a fast, safe and secure system. The startups has completed over N500 thousand worth of crypto transactions and also came second place at startup Friday uyo 2018.
- GreenAge Technologies
This is a startup that defiantly have to apply because its solving a heartbreaking old problem in Africa – inadequate power supply. GreenAge manufactures solar inverter indigenously using locally sourced materials for small business and middle class homes owners in Africa.
Right from its office in Enugu, with a touch of YC’s money this startup will be the future of power in Africa. The team has recorded quite a number of success including having churches and government offices as customers.
- Touchabl Pictures
Artificial intelligence hasn’t really gained good grounds here in Nigeria more or less in SSE but Touchabl thought otherwise and got real validation when they raised $20,000 funds to change the way we interact with pictures forever using machine learning.
This startup says it want small business owners in Africa to own an inventory online by just taking pictures of their products and will be taking things further to allow individuals buy an object off the image with just a touch. Location is port Harcourt and founded in 2017.
We use the internet to work and also to play but only left with little to no Nigerian or African playing experience. Although still in beta, Playjoor is a real time over the internet gaming platform that taking our favourite childhood games online.
Playjoor allows users to bet against each other and win in real time.
The Sum up
Congratulations to startups that got accepted for the Ycombinator summer 2018 funding cycle(S2018), we probably might see some startup from south-southeast, Nigeria in S2019.