Transsion Holdings, the company that makes popular smartphone brands like Techno, Infinix & iTel, and Kenya’s Wapi Capital have partnered to find and fund Africa’s Tech Startups. The fund will select early-stage African Fintechs for equity-based investments of up to $ 100,000 (KSh10.3 million)
According to Eddie Ndichu, Wapi Capital will determine the viability and scale-ups of the startups, conduct deal flows and due diligence to vet the startups. On the other hand, Transsion will provide the equity investments through its Future Hub.
“Startups interested from all over the continent can contact either of the two organizations, ” confirmed Laura Li and Eddie Ndichu.
Wapi Capital recently partnered with WeChat and Ali Pay to enhance digital finance transactions between China and Africa through Wapi Pay. Wapi Pay plans to provide seamless digital transactions between China and 24 African Countries in the next two years. The platform will reduce the cost of payment and increase the speed of transactions between Africa and China.
Related:
Kenya hosts the first Afro-Asia Fintech festival
CMA invites Fintech firms to its regulatory sandbox
