Seven Nigerian ventures are showcasing their innovations at the Africa Tech Summit (ATS) scheduled for June 7 in London, according to organisers of the event that connects businesses with investors.
The Africa Tech Summit (ATS), now in its eighth edition since inception, was founded by Andrew Fassnidge in 2016, and has since served as a bridge connecting tech business owners across Africa to tech corporations, investors, leading ventures, and industry stakeholders.
With primary aim to drive business and investment growth, the eighth edition is set to be held at the London Stock Exchange on the 7th of June, 2024 following the 2023 edition in Nairobi, organisers said.
Fifteen ventures were selected from 150 overall entries received this year, according to Lauren Adair, Director at Africa Tech Summit, who said that the event open opportunities to attract partners, sponsors, recognition, and funding for the growth of these startups.
ATS is expected to host over 300 industry stakeholders from Europe, the USA, and Africa, covering sectors such as fintech, entertainment, blockchain, cleantech, climate tech, energy, agritech, health tech, and telecoms, organisers said.
It will provide the selected ventures with an opportunity to connect with a broader range of potential investors, as enjoyed by several past participants.
Furthermore, the ATS announced that majority of the 15 successful entries originating from Nigeria include: Earthbond, OkHi, OneHealth, PBR Life Sciences, Rana Energy, So-Cool, and VeendHQ.
According to organisers, the seven Nigerian ventures set to showcase their solutions at ATS London 2024 include:
- 1. Earthbond, founded by Chidalu Onyenso in July 2023, offers carbon accounting and climate finance solutions, providing a one-stop solar shop for African businesses.
- 2. OkHi, founded by Timbo Drayson in Nairobi, Kenya, in 2014, offers a digital addressing system enabling businesses to collect and verify accurate addresses. OkHi’s AI-powered Address Verification is used by banks and fintechs in emerging markets to enhance compliance, reduce fraud, and improve loan performance.
- 3. OneHealth, founded by Adeola Alli five years ago, aims to bridge the gap in healthcare by providing digital infrastructure for payers, providers, and patients to access quality medicines and healthcare solutions.
- 4. PBR Life Sciences, founded by Ayodeji Alaran in 2015, leverages big data and AI to transform healthcare, offering stakeholders easy access to a data-as-a-service dashboard with predictive capabilities for objective decision-making.
- 5. Rana Energy, founded by Abraham Mohammed in 2022, delivers sustainable, customer-centric energy solutions for a greener Africa, replacing upfront solar system costs with affordable subscriptions.
- 6. So-Cool, an award-winning innovation developed by Dr. Patrick Agese in 2023, provides clean and affordable energy to SMEs in Africa.
- 7. VeendHQ, founded by Olufemi Olanipekun in Lagos in 2021, focuses on addressing low credit penetration in Africa by enabling consumers and businesses with verifiable income to access funds on demand.
In addition to the Nigerian ventures, other African ventures from Kenya (Melanin Kapital Limited, Poa Internet, Sky.Garden), South Africa (Decarb.earth, Newform Foods, Plentify), Ethiopia (Teraki), and Egypt (Wfrley) complete the total of 15 entries announced by ATS.
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