May 28, 2022


Accounting + Finance Blog

Nine Nigeria Startups made it to World Bank XL Africa


Nine Nigeria Startups made it to World Bank XL Africa accelerator startup mentorship and seed fund programme. Out of the 900 startups that applied for the event, 20 startups where chosen. Nine of which are from Nigeria, five from Kenya and three from South Africa.

Asoko, Metro Africa Express (MAX), Electronic Settlement Limited, (esl) ogaVenue, PrepClass, Printivo, Rensource, Telentbase and Tizeti are the nine Nigerian digital startups that made it to the XL Africa. Lynk, Ongair, PesaBazaar, Sendy and Sokowatch are the five Kenya startups. The South Africa Startups are Aerobotics, Snapplify and Timbuktu.

Other digital startups to be present at the event are CoinAfrique from Senegal, Jamii and rasello are from Tanzania.

According to XL Africa, “These start-ups span the continent from Senegal in the west, to Kenya in the east, and south to South Africa, specializing in digital products and solutions encompassing the fields of fin-tech, transportation, healthcare, education, human resources, and B2B.”

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“All companies provide a technology-intensive or technology-based product or service currently available in one or more African markets and show great potential to scale across the region and globally!”

“Over the next four months, these selected start-ups will be mentored through a bespoke curriculum to be delivered by global and local experts before attending a two-week Residency in Cape Town, South Africa.”

“At the Residency, start-ups will have the opportunity to interact with and learn from their mentors, peers, and partners before concluding with the XL Africa Venture Showcase.”

“Here, in association with the African Angel Investor Summit, entrepreneurs will present their business models to a select audience of corporations and investors, with the aim of raising $250k – $1.5m in series A capital!”

On a tweet, XL Africa sent appreciative message to the judges behind the selection process. “A big thank you to all those involved behind the scenes with judging, vetting, interviews, due diligence etc Here’s to 20 amazing scale-ups!”

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