2 Nigerian Startups Selected For SOSV’s Orbit Startups Program, Secure $180k Each
Sept. 15, 2022, 10:36 a.m.
Orbit Startups, a new program from US venture firm SOSV, has named the ten startups chosen for its inaugural cohort, two of which hail from Nigeria.
Orbit encapsulates existing SOSV programs MOX and Chinaccelerator. It reflects those programs’ shift in recent years to Southeast and South Asia, the Middle East, Africa, and Latin America geographies.
The two selected Nigerian startups are GetFundedAfrica, a platform leveraging media and technology to help startups across Africa find funding, and Kredi Bank, a full-service digital bank building a one-stop-shop for digital financial services in Africa. The other selected startups hailed from India, Pakistan, and Singapore.
The startups have each received initial funding of about US$180,000 with access to an intensive program that supports their growth across emerging and frontier markets.
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“We are eager to scale breakthrough startups from around the world across emerging and frontier markets, where there are more inefficiencies, fewer legacy industries, and the most opportunities for aggressive growth,” said William Bao Bean, general partner at SOSV and managing director of Orbit Startups.
“Orbit selects tech players that can impact millions of lives at once – startups that are solving monumental problems in healthcare, education, finance, media and logistics; and startups that are future-proofing the local economy through digitalisation.”
Enoch Siaw Ntiamoah Author
Enoch is a content writer for Digital Times Africa, who is passionate about writing interesting topics in Entertainment, Sports and General News