The selected companies specialize in digital products and solutions. They provide a technology-intensive or technology-based product or service currently available in one or more African markets and show great potential to scale across the region.
The start-ups will over the next four months go through a mentorship program before attending a two-week Residency in Cape Town, South Africa. Here, they will have the opportunity to interact with and learn from their mentors, peers, and partners before concluding with the XL Africa Venture Showcase.
The entrepreneurs will get a chance to present their business models to a select audience of corporations and investors.
Their aim will be to raise Ksh26 million to Ksh155 million in series A capital.
XL Africa has collaborated with World Bank, the Swedish, Finnish and Norwegian governments.
Here is the list of the selected 5 Kenyan start ups:
Lynk (Kenya): Job site catering for the informal sector
Ongair (Kenya): Customer relationship management platform for conversational and social commerce through instant messaging
Pesabazaar (Kenya): Comparison platform for financial products and services
Sokowatch (Kenya): Last-mile ordering and distribution platform for small retail shops in emerging markets
Sendy (Kenya): On-demand delivery platform founded in 2014
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