GreenHouse Lab is the flagship accelerator programme of GreenHouse Capital, a Lagos-based fintech investment fund and platform dedicated to assisting early-stage firms and world-class emerging market entrepreneurs in the development of the next wave of creative digital enterprises.
Participants will get a direct investment of $10,000 from GreenHouse Capital, as well as a chance to win an extra $50,000 from the GreenHouse Capital Founders Fund if they are accepted into a top global accelerator. Because it is seeded by many of Africa’s best digital innovators, the Founders Fund embodies the foundation of GreenHouse Capital’s philosophy of “founders backing founders.”
GreenHouse Capital says the eight innovative African startups accepted into the 2021 Fintech Accelerator represent the cutting edge of Africa’s fintech sector and are led by young tech entrepreneurs who are solving critical market challenges in areas such as fintech infrastructure, personal wealth management, cross-border remittances, and diaspora services.
Six of the selected businesses are from Nigeria: MyInvest, a real estate investment platform, Collect Africa, Payhive, a payments API, ScaleX, a peer-to-peer crypto exchange, Dojah, and GetEquity, a startup-focused equity crowdfunding platform.
Chumz, a mobile money-based investing platform, and Route, a savings service, are the other two Kenyan businesses invited to participate.
“We are excited to be welcoming these fantastic startups into the GreenHouse Capital community. We are always looking to support companies that are a step ahead in their thinking of how to solve everyday challenges that Africans face. Our direct investment into each startup shows our confidence in their potential, and we are also proud to have created a vehicle specifically for African founders to invest alongside us as well,” said Bunmi Akinyemiju, founding partner of GreenHouse Capital.
The six-week accelerator programme has begun, and companies have already had the opportunity to attend numerous private sessions with renowned tech founders, worldwide investors, and world-class corporate partners such as Amazon Web Services and Google for Startups.
