Deal Street

African Startup Funding Tracker


*Data updated daily at 18:00 EAT

Two Fintechs And A HealthTech Win The Wazo Challenge Tanzania
Two Fintechs And A HealthTech Win The Wazo Challenge Tanzania

Three Tanzanian startups received grant funding in the inaugural edition of the Wazo Challenge Tanzania launched in February 2021 by Startup Réseau. The startup competition was aimed at 18 – 30-year-old Tanzanian entrepreneurs, who have an idea to solve a local business or consumer problem, by use of technology.

The Wazo Challenge Tanzania was based on 12 startups selected from an application pool of 150 startups that focused on 5 themes. As a part of the program, Startup Réseau hosted a Venture Bootcamp, wherein 10 high-potential founders were selected for a 4-week venture mentorship and leadership development boot camp, that was delivered by successful founders, industry leaders, domain experts, and investors from Startup Réseau’s global network.

Kikoba App, a fintech startup that helps savings groups to manage and collect funds, loan cash easily received a cash grant of USD 5 K; MedPack, a B2C pharmacy service that sorts your medication by dosage and delivers directly to your door received USD 2 K; Mipango, a fintech startup enables users to manage their income, expenses, savings, financial targets, help, and offerings received USD 3 K.