*Data updated daily at 18:00 EAT
Six more African startups have been confirmed as participants in the W22 batch of the renowned Silicon Valley-based Y Combinator accelerator, taking the total to 10 so far. Participants receive seed funding as well as further investment opportunities at a demo day. The accelerator has recently increased its standard deal size from USD 125 K to USD 500 K.
Four of the companies selected are from Nigeria, namely developer-tooling startup Frain, identity data platform Dojah, payroll and bookkeeping service Eazipay, and micro-payments service Touch and Pay. The other two are Ghanaian dropshipping platform Tendo and Ugandan lending startup Numida. We are expecting more W22 participants to be revealed over the next few months, both before and after demo day.