Accounteer, Termii to represent Nigeria at DEMO Africa
Accounteer, a cloud-based accounting platform, and customer loyalty firm, Termii are the two startups that will represent Nigeria at DEMO Africa set to hold in Casablanca, Morocco.
The two startups make up a list of thirty tech firms from different countries in Africa, France and London that were selected for the 7th edition of the event which takes place in October.
The selected firms will pitch their innovations at the DEMO Africa Conference for a chance to be selected among the five winning ventures to join the Lion@Africa Innovation Tour of Silicon Valley as Demo ambassadors in 2019.
“DEMO Africa is a great example of the increasing number of platforms that showcase the growing opportunity across the African continent for early stage investors to invest in fast growing startup ventures,” Tomi Davis, President of Africa’s Business Angel Network (ABAN) said in a post on Medium. “Over the last 6 years, its pan-African Launchpad event has helped connect more than 3,000 local startups to a global network, created 2,000 high paying jobs, and mentored 250 startup teams across the continent.”
Startups from North Africa make up one-third of the list. They include Atlan Space (Morocco), Casky (Morocco), Chefaa Medicine Delivery (Egypt), Dabchy (Tunisia), Hawkar (Tunisia), Kourtim (Morocco), Moldiag (Morocco), Niotek (Egypt), Toufoula (Tunisia), and Voxera (Egypt).
Other African startups are ADN Corp (Senegal), Brayfoil Technologies (South Africa), Cloud9XP (Kenya), Complete Farmer (Ghana), Devless (Ghana), Zuoix (Cameroon), Lula (South Africa), Maurice Communications (Cote D’Ivoire), Qualitrace (Ghana), Redbird (Ghana), Regenize (South Africa), Tempest Gold (Botswana), Smarth (Algeria), WeflyAgri (Cote D’Ivoire), and Zipora (Kenya).
Travelbuds (France) and VertoFX (London) are the two non-African startups on the list.
The 30 firms will undergo six weeks virtual bootcamp in preparation for stakeholder engagements at the main event, as well as a two-day physical bootcamp as a preamble to the Demo Africa showcase.
“From big data to machine learning, the fusion of technological breakthroughs in the physical and digital spheres is changing the most fundamental tools and techniques of human interaction, and the net effects on the African continent will be no different any other developing markets,” a statement from Lion@Africa noted. “DEMO Africa will offer the next generation of African innovators an opportunity to showcase their solutions.”
DEMO Africa is reportedly launching a $100 million investment fund. Following the company launched its investment arm DEMO Ventures in July, 2018. The company which is still in talks with investors will invest amounts between $250,000 and $5 million in startups in Kenya, Nigeria, Ghana, Egypt and South Africa.