Founders Factory Invests In Three African Tech Startups

Founders Factory Africa, Johannesburg-based venture development and investment firm, has added three additional African digital businesses to its portfolio, bringing its total to 25. The three new portfolio startups will be part of Founders Factory Africa’s Venture Scale program, which helps promising African startups scale quickly throughout the continent and beyond.

This is made possible by a USD 300 K cash investment and customized support services in product development, UX/UI, data science, engineering, business development, and growth marketing.

The latest funded startups are Kenya’s Wazi, a digital mental health company connecting people to affordable, high-quality services; Uganda’s Asaak, an asset financing company that provides credit by lending motorcycles, fuel, and smartphones to drivers; and South Africa’s Revix, a fintech platform that makes investing in cryptocurrencies simple, engaging and automated.