Standard Bank Partners Founders Factory Africa, Netcare, For Investment In 5 African Tech Startups

Five new startups have been accepted into
the Venture Scale programme, which is an initiative of Founders Factory Africa (FFA); backed by StandardBank and Netcare as corporate
investors. The five startups were formally inducted into the Venture Scale
programme on Monday, February 3, 2020.

All five startups have developed product offerings targeted at the
FinTech or HealthTech sectors; and are set for an aggressive growth strategy –
aided by the technical and operational expertise offered at FFA. The Venture
Scale programme at FFA affords African startups the opportunity of rapid scale,
made possible through a financial cash investment in tailored support services
– across product development, UX/UI, data science, engineering, business
development and growth marketing.

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Roo Rogers, Co-Founder & CEO Founders Factory Africa, says: “The
five businesses joining the Venture Scale programme represent some of the best
of African entrepreneurship and innovation.
From point-of-care DNA testing to agricultural logistics, the Founders
Factory Africa portfolio has the potential to truly drive economic growth and
transform the continent. We’re incredibly excited to be part of the growth of
these businesses and to deliver their
true scale potential.”

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In addition to the hands-on support provided, participating startups
will also have access to exclusive partnerships with FFA’s pan-African
corporate investors, Standard Bank and Netcare, which unlocks many of the
scaling challenges that businesses face. …read more

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Source:: MediaCraft