The 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.
Lemonade Payments
Pre Seed Round in 2024
Lemonade Payments operates a digital payment platform that facilitates secure and private transactions across Africa. The platform is designed to protect user privacy, allowing individuals and businesses to make and receive payments without revealing personal information. By offering a user-friendly interface and supporting various payment methods, Lemonade Payments aims to enhance the overall experience of financial transactions. The service caters to a diverse audience, including those who need to send money internationally to countries such as India, China, Pakistan, Nigeria, Ghana, and Kenya. In addition, the company prioritizes customer support, providing multiple channels for assistance to ensure a smooth and efficient experience for all users.
HubIQ
Pre Seed Round in 2023
HubIQ is a logistics company based in Kenya and the United States that focuses on providing streamlined logistics solutions for small and medium-sized enterprises (SMEs) across Kenya and East Africa. The company offers a comprehensive platform that combines warehousing, transportation, and delivery services, utilizing a network of strategic storage locations to enhance last-mile delivery. By catering primarily to sectors such as manufacturing, distribution, and e-commerce, HubIQ enables businesses to reduce costs and improve operational efficiency, thus facilitating better supply chain management and supporting their growth in the digital landscape.
Vutia
Pre Seed Round in 2023
Vutia is a B2B cosmetic marketplace based in Kenya that facilitates connections between informal retailers of cosmetics, beauty products, and personal care items and leading brands and suppliers. The company has developed a distribution platform designed to sell a range of cosmetic and beauty products to informal traders, beauty salons, spas, and beauty shops. Through its technology-enhanced distribution system, Vutia pre-purchases products from manufacturers and delivers them to vendors, thereby ensuring that retailers in Africa have access to quality cosmetics and beauty items.
Kakbima
Seed Round in 2019
Kakbima Ltd. is an insurtech company based in Nairobi, Kenya, founded in 2017. It offers a software-as-a-service platform designed to streamline the management and distribution of insurance and micro-insurance products. The platform connects insurers, distribution partners, and customers, facilitating the buying, managing, and selling of insurance. By removing barriers to product development and distribution, Kakbima aims to support new businesses and accelerate growth for existing ones while enhancing global consumer coverage. Its services include policy management, claims automation, quote generation, and real-time risk analytics, enabling users—such as individuals, agents, brokers, micro-insurers, and insurers—to easily track their policies, claims, and premiums. The company focuses on making insurance accessible to anyone with internet access, thereby transforming the insurance landscape.
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