Four African startups are among the first 156 innovative projects chosen to be part of Silicon Valley's famous S22 accelerator.
Batch S22 of the Y Combinator program, which helped launch businesses like Airbnb, Coinbase and Dropbox, among others, is currently in session and will come to an end this September with a demo day.
Here are the four chosen startups.
Pivo (Nigeria)
Pivo, which is derived from the word “pivot”, describes a significant change in course. The startup is providing its consumers with a new, simpler and more effective method of accessing financial services, placing a strong emphasis on commercial transactions that take place within supply chains.
Pivo is building a financial services platform that will power supply chains across Africa. You have the opportunity to service your customers through your working capital loans without having to spend a fortune.
Requiring no collateral of any kind, Pivo provides financing based on your current customer agreement and transaction data.
Pivo is a simple program that allows companies to create a corporate account, obtain business loan credit and manage their accounts in one place. No setup costs, absurd criteria or minimum balance required.
Chowdeck (Nigeria)
Chowdeck is an on-demand and market food delivery business that was established in October 2021 and is currently located in Lagos, Nigeria.
Customers can order their favorite foods from a variety of restaurants using Chowdeck. Customers can order food online in a few easy steps and have it brought out in less than 30 minutes, be it local or foreign food.
Restaurants in Africa will soon be able to deliver food to consumers anytime, anywhere thanks to Chowdeck. The fact that Chowdeck helps listed restaurants in the growing market is a component of its distinctive offering, and so far, most restaurants collaborating with the company can be proud of this achievement.
The company served over 60.000 meals in six months in two major Lagos towns with your help and the help of an aspiring crew of tenacious and courageous bikers.
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Patika (Kenya)
Patika was created to help small businesses in Africa manage their cash flow, control customer debt and facilitate repayments.
Without this technology, small businesses on the continent are forced to monitor and record consumer information using ink and paper, which is inefficient and time-consuming.
To become a go-to bank for small African businesses, Patika is automating previously manual operations like reminders through phone calls, invoices, payments and reconciliations.
Patika has a tiny team right now because it's still in its infancy, but after receiving funding from Y Combinator, they're expected to grow.
Garage Mobility (Ghana)
A reputation for quality software for inventory management, store maintenance and eCommerce is provided by Garage Mobility, Africa's leading automotive technology company, connecting fleets, vehicle owners and stores with regional and international manufacturers and distributors.
Also with the aim of expanding access to affordable, functional and eco-friendly vehicles in Africa and the vision of accelerating Africa's transition to greener mobility, the startup connects users with a network of local and international distributors to supply parts. at affordable prices, improving reliability and curbing unplanned maintenance.
Y Combinator alumni include European royalty, including Flutterwave, Paystack, and Kobo360 (not to mention Cowrywise, MarketForce, Kudi, WaystoCap, WorkPay, Healthlane, Trella, 54gene, CredPal, NALA, and Breadfast).
The accelerator occupies a distinct and innovative position in the continent's startup environment, but entrepreneurs praise it for the beneficial effects it has had on their companies.
