Nine African tech startups are among the 117 that have been confirmed to be participating in the Y Combinator accelerator in Silicon Valley. Each startup received USD 125 K in seed funding and additional investment opportunities at a demo day. Y Combinator will launch its S21 batch this month, with the renowned program concluding in September with a demo day.
Nigeria and Egypt lead the way with three each. Mecho Autotech, which connects auto owners with mechanics and smart part sellers; Suplias, a B2B platform for mom and pop shops; and Lemonade Finance, a multi-currency payments system, are the Nigerian representatives.
Egypt is represented by licensed online insurance brokerage Amenli, car parts marketplace Odiggo, and ShipBlu, a last-mile e-commerce delivery and fulfillment company. Chari, an e-commerce and fintech app for traditional retailers, and Freterium, a collaborative SaaS platform connecting organizations, people, and technologies in the logistics value chain, are both from Morocco. Floatpays, an on-demand wage access platform from South Africa, rounds out the list.