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Seven Africa-focused startups present at Y Combinator’s Demo Day

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Oliver Dyer
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The seven African-focused companies which presented as part of Y Combinator’s 200 strong cohort of Winter 2019 class of 200 startups may seem like a small percentage for such a large class, but it represents the growing significance of African ventures in YC’s universe.

Since 2016, the Silicon Valley accelerator—that provides seed funds and mentorship for early stage startups—has backed 25 companies located in Africa and another 10 with an Africa product focus, according to YC spokesperson Lindsay Amos.

Past YC Africa alumns covered here at TechCrunch include payments startup Paystack, logistics firm Kobo360, and VOD startup Afrostream (now shuttered).

Nala (Tanzania): A fintech service building internet-free mobile payments for Africa.

The startup’s app is one of Google PlayStore’s Top Free Finance Apps in Tanzania, according to founder Benjamin Fernandes.

The company says that competitor data is limited because their users are mostly white.

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Oliver Dyer
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