Renew Capital has selected 15 African tech startups from more than 500 applicants across 48 African countries to advance through its inaugural Renew Venture Lab: EmFi Series.
Renew Capital is a pan-African investment firm with a presence in 13 countries, which backs bold founders using technology to pursue Africa’s greatest opportunities. It is among the most active investors building Africa’s thriving tech sector.
The company has now selected 15 startups for its inaugural Renew Venture Lab: EmFi Series. This came after over 500 applicants were invited to exclusive expert sessions with founders from some of Africa’s fastest-growing companies, before 47 companies were selected for a pitch competition and given a startup package valued at more than US$250,000.
From this group, the 15 were selected to advance to deeper technical training and investment consideration. The 15 companies represented Ethiopia, Ghana, Kenya, Morocco, Nigeria, Senegal, South Africa, Togo, Uganda and Zambia.
“The next generation of Africa’s small business banks won’t be banks. They’ll be startups that already understand how SMEs operate, have their data and have earned their trust. These 15 companies are building from that advantage. That’s why we’re paying attention,” said Matthew Davis, co-CEO of Renew Capital.
The top 15 companies are:
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