3 African Tech Startups Awarded $75K Each In Equity Investments And Credit By Meltwater And Microsoft
Africa’s largest tech incubator, the Meltwater School of Entrepreneurial Technology, could not decide between cybersecurity, big data, and fintech in selecting the winner of its annual startup challenge.
So rather than choosing one winner, the judges chose three.
OZE is a Ghanaian data insights company that helps businesses make data-driven financial decisions and achieve growth to improve their performance.
Snode Technologies is a South African platform that provides real-time cybersecurity for individuals and businesses.
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The fourth annual MEST Africa Summit took place in Nairobi, Kenya from June 10 to June 12, 2019.
U.S. software company Microsoft was a principal sponsor of the event, which attracted entrepreneurs, investors, ecosystem players and executives from across Africa and globally to explore the latest innovations and challenges facing the African tech ecosystem, Ventureburn reported.
Based in Ghana, the Meltwater Entrepreneurial School of Technology is a training program, seed fund, and Africa’s largest tech incubator.
The judges at the conference decided that three of the companies stood out and invested $50,000 in equity investment in each. The stake of the investments was not disclosed.
The three startups have also each been promised $25,000 in credit from Microsoft, according to Ventureburn.
Meltwater School’s success in Africa
Meltwater has links throughout Africa. Since launching in 2008 it has invested more than $20 million in African startups, reports GhanaWeb.