The goal of the 13-week Techstars Toronto accelerator program is to give participants access to mentorship, money, and the Techstars network. It concludes with a demo day where selected firms will present to an investor audience that has been hand-picked. Additionally, startups receive a $120,000 equity investment.
Some FinTech companies are among the African startups. GIGXPAD, situated in Nigeria, is one among them. The business bills itself as the “crypto bank” and offers a single app that allows users to earn, save, invest, and use their crypto assets.
Raenest, a developer of payroll and recruitment software, is another cohort member. The business intends to assist Africans in receiving payments from customers and companies more quickly.
Glover Technologies is the other fintech business. More than 100,000 customers worldwide can buy, sell, and swap gift cards thanks to the company.
The other firms chosen from Nigeria are the messaging app Simpu, the artisanal marketplace LaborHack, the online school Klas, delivery firm Fez Delivery and logistics company Renda. The company from Kenya is the eyewear company Mamy Eyewear.