Barclays Africa through TechLabAfrica called upon some of Africa’s brightest, ambitious and revolutionary early stage technology companies to take on some of Africa’s biggest financial and healthcare challenges and now, the first batch of startups have been selected and they are ten in number; four in the field of Health technology and the remainder six operate in the financial technology industry.
Of notable mention is Aella Credit, the company that wants to lend out N600 million to Nigerians without collateral.
“In order to compete, Barclays Africa needs to connect, shape and scale with these new industry players. We are looking for big, fresh ideas that promise to shake things up…” said Ashley Veasey, Chief Information Officer for Barclays Africa ahead of the selection
The program has begun and it will run for 13 weeks, where the startups will receive one-on-one mentoring, workshops in digital marketing, legal and accounting support, and weekly company pitches. The program will culminate in a demo day which will hold on the 10th of December 2015. Present at the demo day will be dozens of Barclays executives, Barclays Private Wealth clients, external investors, potential corporate customers, and journalists.
Here they are:
Mobile technology providing integrated patient engagement solutions surrounding key points of care by avoiding readmissions.
Provides a universal core identity registry & mobile platform for transactions between funders, providers of social & health benefits, and beneficiaries using smart contracts. Valuable personal data can be collected, stored & used without compromising privacy.
Health Solutions Africa
Modular, integrated health solutions company that plans to integrate Consulting and Advisory Services, Electronic Health Management Systems, Mobile Apps, Technology Solutions, Procurement and Logistics Solutions, Education Solutions, Infrastructure Solutions, Operations and Project Management.
Online healthcare booking platform enabling patients to easily find, book and review all types of healthcare practitioners online. Major medical aids, clinic groups and pharmacies use the platform to book various wellness and disease management services with approved professionals.
Technology-based private micro-lending financial institution offering consumer finance solutions to customers in Nigeria based on proprietary algorithms integrated with top credit bureaus.
Permissioned block chain technology for financial institutions consisting of a suite of high speed permissioned distributed ledger products for financial securities (equities) trading specifically in Africa and for financial settlement between financial institutions.
Intel World International
Digital commerce and financial services platform connecting digital wallets, bank cards and crypto currencies with any device (smartphones, POS, SMS, or USSD). Open API as well as end to end integration services.
Web-based platform that supports and enables SMEs that supply blue-chip companies and government to sell their invoices and purchase orders on an exchange and attain immediate payment. The market-place for invoices.
Stripe / Braintree for Africa – company provides electronic payment solutions to merchants or other online businesses enabling them to monetize customers in emerging markets.
Peer-to-peer payments app and platform integrating bitcoin with EFT or mobile wallets enabling anyone with a mobile phone and internet connection to make international online payments.
In Q2 2018, Nigerian startups raised a total funding of $73.6 million. Download our report to find out more.