2. Lami
Feminine-led startups have been blazing the path in recent times. For instance, Lami, based in 2018, the startup secured $1.8 million in seed funding final 12 months.
Lami is a B2B2C insurance-as-a-service-platform and Utility Programming Interface (API). The corporate has digitized your entire insurance coverage value-chain finish to finish, knowing your buyer (KYC) and claims processing utilizing its API.
In February, Lami Applied sciences acquired Bluewave Insurance coverage Company, each female-led corporation. Lami founder, Jihan Abass, says the Bluewave acquisition will assist democratise insurance coverage entry. As well, the corporate will combine Bluewave’s expertise into its personal and faucet into Bluewave’s markets within the DRC and Malawi.
3. Sew
In February 2021, South African fintech firm Stitch introduced its seed spherical of $4 million, which elevated to $6 million by year-end.
Sew’s API lets builders join apps to monetary accounts, permitting customers to share transaction histories and balances, affirm their identities and make funds seamlessly.
In a thrilling transfer, the corporate additionally introduced final 12 months that it could be launching in Nigeria.
4. Alpha Direct
Established in 2014, Alpha Direct, an insuretech startup in Botswana that gives enterprise and private merchandise, had fairly 12 months in 2021. Raking in $4.8 million in income, the corporate introduced that it’d be increasing to Zambia and South Africa.
5. GetEquity
The Lagos-based startup based by Jude Dike and William Okafor in 2021 is a fundraising and enterprise portfolio administration firm. GetEquity gives startups a large selection of funding choices. Individuals can purchase in a listed startup beginning at $10.
With the inflow of African startups efficiently elevating funds, this progressive firm gives a thrilling possibility for these nonetheless looking. This 12 months, the six-figure seed funding will propel this enterprise to nice heights.
6. JetStream
Co-founder of JetStream Miishe Addy launched the cross-border buying and selling startup in 2017. JetStream gives logistics options to companies in fast-growing economies, permitting them to see and management their cross-border provide chains.
The corporate reported a 500% improvement in income in 2021. As well as, applied some modifications like specializing in logistics aggregation as a substitute for the freight-forwarding service.
With an enterprise booming like this, 2022 might be a good time to be careful with this Ghanaian startup.
7. Akiba Digital
Akiba Digital is finest described as a contemporary credit score bureau geared toward small companies and people excluded by conventional credit score bureau scores. This exclusion is a barrier that roughly 80% of small companies in Africa face.
Based in 2017, this startup raised $1.1 million in seed funding. CEO Tebogo Mokwena says this funding will assist the corporate assess and probably scale different African markets. Akiba Digital’s longer-term plans are formidable and price keeping track of.
8. Okra
This Nigerian fintech startup needs no introduction. As talked about earlier, this firm raised $1 million in pre-seed funding, moreover raking in $3.5 million prices of investments throughout their seed spherical in 2020.
Throughout a time of worldwide uncertainty and instability, founders Fara Ashiru Jituboh and David Peterside turned Okra into certainly one of Nigeria’s most profitable startups. It’s an API that hyperlinks prospects, functions, and banks by means of a safe portal that enables exchanging monetary info and funds, which Jituboh observed an absence of in Nigeria.
Okra’s checklist of traders is spectacular and rising, displaying how progressive this firm is and the way folks see its worth.
9. Viebeg
Viebeg is a one-of-its-kind on this checklist. Taking on the house within the booming e-health sector, this Rwandan startup provides Central and East Africa with high-quality medical tools by means of its procurement platform.
Tobias Reiter and Alex Musyoka based Viebeg in 2018 to assist medical services higher entry and handle their well-being inventory by instantly connecting healthcare facilitators and producers. By eliminating the intermediary, Viebeg drives up financial savings.
With the state of medical services in Africa, this startup’s dedication to streamlining procurement is crucial in bettering healthcare on the continent.
10. Wowzi (Kenya)
Wowzi is an organization that has tapped into the new-age phenomenon that’s social media by connecting customers with advertisers. Social media influence has changed into a major supply of earnings for each influencer and type. Wowzi’s self-service online platform makes it simple for the 2 to create campaigns that attain big viewers.
Wowzi had raised $3.2 million in pre-seed and seed funding by December. With this funding, they’re planning to take their platform everywhere on the continent. With influencer advertising rising increasingly in reputation, Wowzi’s development is inevitable and a must-watch.
