GreenHouse Lab has inducted eight African fintech companies into the 2021 GHL Fintech Accelerator program.

GreenHouse Lab (GHL) is the Fintech accelerator by African fintech investment fund and platform GreenHouse Capital’s (GHC)

The six-week program is already underway, with corporate partners such as Amazon Web Services, Google for Startups, and InsiderPR holding sessions.

The startups come from a number of fintech sectors, including fintech infrastructure, personal wealth management, cross-border remittances, and diaspora services.

The statement noted that about 40% of startups backed by GHC have gone on to be accepted into international accelerators such as 500 Startups, Y Combinator, and Techstars. Founders of these startups will be directly involved in the 2021 GHL Fintech Accelerator based on GHC’s vision of “founders backing founders.”

GHC will be directly investing US$10,000 into the accepted startups. An additional US$50,000 will be made available from the GHC Founders Fund if these startups are accepted into a top global accelerator after having completed the 2021 GHL Fintech Accelerator. The GHC Founders Fund is seeded by African tech founders through their own capital.

“As a founder, the only people who truly know what it’s like to start and scale a business are other founders. The experienced team at GHC understands this truth and has developed their VC model around it.

 

We are proud to support the GHL Accelerator’s Founder Fund because we believe that founder-led capital dedicated to African startups will help companies develop in a uniquely productive way,”

Ian Dillon, Co-Founder of GHC-backed company NowMoney, said.

2021 GHL Fintech Accelerator Startups

MyInvest (Nigeria)

MyInvest is a retail trading platform that provides users exclusive access to verified high-yield real estate projects with a minimum fractional investment of US$10.

Chumz.io (Kenya)

Chumz provides real-time, accessible, and on-the-go investing. Users can track savings goals, access savings performance reports, and also create savings groups.

Collect Africa (Nigeria)

Collect enables enterprise clients to connect multiple payment methods to their websites or apps through a single API.

Payhive (Nigeria)

Payhive is a paytech solution for global payment transfers, using cryptocurrency wallets and a secure transaction platform.

Route (Kenya)

Route is a savings tracking and management app to help users invest their savings and start building wealth.

ScaleX (Nigeria)

ScaleX is an automated and multi-network P2P platform for managing fraud risks in cryptocurrency trading. Users can trade coins from multiple networks while controlling transaction fees.

Dojah (Nigeria)

Dojah is a customer data aggregation platform, which collates data from multiple sources into one API to verify customer information.

GetEquity (Nigeria)

GetEquity allows individuals to invest in startups, as well as trade shares on a secondary market, increasing startups funding sources, and helping investors to create liquidity.