Baobab Network
The Baobab Network is a prominent start-up accelerator based in Africa, with offices in Nairobi, South Africa, Nigeria, and London. It focuses on supporting early-stage technology ventures across the continent by connecting them with talent and global investors. The organization provides a range of services, including leadership development, entrepreneurship training, strategy design, and resource planning, all aimed at fostering growth and enhancing revenue for participating businesses. In exchange for equity, The Baobab Network offers financial support and a platform for companies to expand their operations and access vital resources, ensuring they receive real-time guidance to navigate the challenges of the entrepreneurial landscape.
Past deals in Ghana
Lemonade Payments
Pre Seed Round in 2024
Lemonade Payments operates a digital payment platform that facilitates secure and private transactions across Africa. The company focuses on protecting user privacy, allowing individuals and businesses to make and receive payments without revealing personal information. Lemonade Payments aims to enhance the financial transaction experience by offering a seamless, user-friendly interface that accommodates various payment methods. It serves a diverse clientele, including those wishing to send money across borders to countries such as India, China, Pakistan, Nigeria, Ghana, and Kenya. The platform also includes features for secure money transfers, invoicing, and reporting. Customer support is a key priority, with multiple channels available to ensure a smooth and efficient service for all users.
Pennysmart
Pre Seed Round in 2019
Pennysmart is a financial technology company focused on promoting financial independence through an automated savings platform. The platform is designed to help users manage their savings effectively, featuring a simplified dashboard that tracks saving habits. Regulated by the Bank of Ghana, Pennysmart offers attractive interest rates and ensures transparency by maintaining no hidden fees or transaction costs. By prioritizing user-friendly features, the company aims to empower individuals to save money more efficiently while enjoying the benefits of higher interest rates.
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