After an intensive research, below are 6 African startups to watch out for in 2020. These startups are expected to break new grounds and bring in new and innovative ways of solving African numerous problems.
Exuus is a Rwandan fintech startup that is making it easy for traditional cooperative savings groups in Rwanda to be able to carry out their savings comfortably online, using the best cutting edge technology.
Exuus was one of the 10 excellent African startups selected to pitch live to an audience of over 600 invited guests at the annual Africa Startup Summit held in Kigali, Rwanda.
FlexClub is one of the African startups to watch in 2020. The startup is changing the face of personal car rental in South Africa. Now, car owners can bring their cars to them and relax while they earn passive income. This will surely solve the problem of trust that car owners often encounter whenever they give out their cars for hire purchase.
The South African startup allows users to purchase vehicles and get matched with uber drivers who pay a weekly rental charge to the owners.
Surprisingly, this startup is from Mali where we don’t get to hear about startups that often like Nigeria or South Africa.
We need to watch Oko Finance because it is making waves in crop insurance. The startup is making use of new technologies in satellite imagery and weather forecasting to simplify and automate claim management so that it will be possible to create low cost crop insurance for the sake of small holder farms.
Oko Finance is working hard to raise US$1.5 million in funding after raising US$300,000 in a pre-seed funding.
This startup is no doubt a very bold and daring one. It is the first in Africa concerned solely with African genomics research about Africans.
The startup is setout exclusively to unlock the African genome by building the world’s first and largest Pan-African biobank.
54gene as of last year has raised seed funding to the whooping sum of $4.5 million. It has participated in Y Combinator and the Google Launchpad Africa accelerator programmes.
Trella is another African startup to watch out for in 2020. Its innovative strides can be felt in the B2B trucking marketplace.
The Egyptian startup is praised for being able to use its marketplace to connect shippers to carriers to make it a win-win for everyone in terms of empowerment, profit, reductuon in costs of operations, etc.
Tunisian fintech startup Kaoun is one to watch out not only because of the life-changing product it offers, but also because of the quality of the co-founders. Nebras Jemel, Arics Kallel and Rostom Bouazizi in their passionate pursuit for success put their studies at Harvard University, Rochester University and Columbia University all in the United States to build Kaoun in Tunisia.
The startup’s first product Flouci is a mobile and web app that allows users to create bank accounts remotely backed up by the KYC system.
The startup has already secured funding from two angel investors. They hope to raise more funds to expand their customer base beyond Tunisia. Recently, Kaoun got into partnership with two Tunisian banks and the country’s National Digital Certification Agency.