Meet the XL Africa portfolio: 20 digital scale-ups from across the continent

Meet the XL Africa portfolio: 20 digital scale-ups from across the continent - Post image

We are proud to announce the 20 scale-ups selected for the XL Africa program. These companies represent a new class of entrepreneur coming up across Sub-Saharan Africa, high growth companies specializing in digital products and solutions encompassing the fields of fin-tech, transportation, healthcare, education, human resources, and B2B.

The selected entrepreneurs will present to investors in Cape Town November 15-16 during the African Angel Investor Summit with the aim of raising $250k – $1.5m in series A capital. All companies provide a technology-intensive or technology-based product or service currently available in one or more African markets and show great potential to scale across the region and globally.

The XL Africa portfolio

        • Aerobotics
          Aerobotics – South Africa
          Aerobotics is a data analytics company, making use of aerial imagery and machine learning algorithms to solve specific problems across a number of industries.
        • Asoko Insight
          Asoko Insight – Nigeria & UK
          Asoko provides data on thousands of unlisted African companies supporting lead generation, investor deal flow and commercial due diligence.
        • CoinAfrique
          CoinAfrique – Senegal
          Mobile peer to peer marketplace for French speaking Africa, helping sellers and buyers to make good deals via their phones.
        • EdgePoint Digital (Jamii)
          EdgePoint Digital (Jamii) – Tanzania
          Edgepoint digital is a fintech company using technology to cut down administration cost to enable insurers to offer micro insurance.
        • Electronic Settlement (Paycentre)
          Electronic Settlement (Paycentre) – Nigeria
          Paycentre is setting up locations for financial access and services on every street in Africa by converting existing retail businesses like pharmacies and grocery stores into access points.
        • Lynk
          Lynk – Kenya
          Lynk hosts profiles of thousands of heavily vetted professionals in over 140 categories in the informal sectors. Customers request jobs through web or app, & workers bid for the jobs.
        • MAX
          MAX – Nigeria
          MAX is a mobility platform transforming hyper-local transportation and delivery in Africa, using machine-learning to authorize and organize motorcycle taxis into an on-demand service.
        • OgaVenue
          OgaVenue – Nigeria
          Portal to find and book event venues online by aggregating a variety of event venues, making it easy to search, check availability and book.
        • Ongair
          Ongair – Kenya
          Ongair helps businesses provide fast, affordable and personal customer service through chat platforms and social media.
        • Pesabazaar
          Pesabazaar – Kenya
          Pesabazaar.com is a comparison platform for financial products and services and let users find the right products at the best price available.
        • Prepclass
          Prepclass – Nigeria
          Prepclass.com.ng is an e-learning platform to ensure that relevant local content such as past questions, past tests, class notes and videos are available to users on demand via their digital devices.
        • Printivo
          Printivo – Nigeria
          Printivo.com is disrupting the Nigerian printing industry through its efficient printing expertise, wide range of design templates and the reach of the internet.
        • Rasello
          Rasello – Tanzania
          Rasello is an enterprise software company aimed at empowering organizations with technology that automates communication and catalyze decision making via business intelligence solutions.
        • Rensource
          Rensource – Nigeria
          Rensource is a distributed energy company providing solar solutions and financing to consumers and SMEs in urban/peri-urban Nigeria while bridging the electricity demand-grid supply gap.
        • Sendy
          Sendy – Kenya
          Sendy connects small businesses with drivers to make delivery simple and transparent across Africa.
        • Snapplify
          Snapplify – South Africa
          Snapplify is a media and technology company specializing in the retail and distribution of digital content to educational institutions and individual users.
        • Sokowatch
          Sokowatch – Kenya
          Sokowatch is a last-mile ordering and distribution platform to small retail shops in emerging markets.
        • TalentBase
          TalentBase – Nigeria
          Talentbase is a HR software for SMEs in Nigeria working with SMEs who are looking to adding more structure into their organization, but in the past lacked affordable options.
        • Timbuktu Travel
          Timbuktu Travel – South Africa
          Timbuktu is an interactive platform that allows travellers to design and customise their own trip to Africa from a selection of hundreds of handpicked lodges and curated itineraries.
        • Tizeti
          Tizeti – Nigeria
          Tizeti provides unlimited internet to low and underserved areas using wifi and solar powered base stations.

      The program

      Over the next four months, these selected start-ups will be mentored through a bespoke curriculum to be delivered by global and local experts before attending a two-week Residency in Cape Town, South Africa. At the Residency, start-ups will have the opportunity to interact with and learn from their mentors, peers, and partners before concluding with the XL Africa Venture Showcase. Here, in association with the African Angel Investor Summit, entrepreneurs will present their business models to a select audience of corporations and investors, with the aim of raising $250k – $1.5m in series A capital!

      If you are interested in attending the XL Africa Venture Showcase as an investor or corporate partner, please get in touch at info@xl-africa.com.

      About XL Africa

      The XL Africa program is an unique World Bank (InfoDev) program, implemented by IMC Worldwide, Koltai & Co. and VC4Africa, to help truly commercially viable/investible sub-Saharan African tech startups raise Series A funding. The 20 companies have been selected from over 950 applicants.

      XL Africa partners

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