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African business leaders The game-changing African businesses from Y Combinator in 2023

Since its inception in 2005, Y Combinator has been empowering entrepreneurs all over the world by providing seed funding, mentorship, and resources to startups. With a strong focus on Africa, the US-based accelerator has helped fund and develop several successful African companies that are now household names.

Michelle Pearl by Michelle Pearl
1 week ago
in Business, international
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Flutterwave:

Flutterwave is one of the world’s fastest-growing payment companies. In the 33 African countries where it currently operates, the company has processed nearly $20 billion in payments and 100 million transactions. It has received significant funding from Ycombinator Continuity Fund (investors in Stripe), Greycroft (investors in Braintree and Venmo), Greenvisor Capital, Omidyar Network, and Glynn Capital, among others. At the Apps Africa Innovation Awards in 2017, Flutterwave was named Africa’s best fintech company.
Wave Mobile Money is an app-based financial solution that allows you to save, transfer, and borrow money. Wave Mobile Money, founded by two Americans to reduce the cost of mobile money transactions, is on a mission to make Africa the first cashless continent.

Instabug is a software company that provides mobile app bug reporting, app performance monitoring, crash reporting, in-app chats, and user surveys. The company was founded in 2014, and its software development kit (SDK) is used by Android, iOS, Cordova, Ionic, Xamarin, and web developers for both beta testing and live production versions of their apps.
Breadfast is Egypt’s leading online grocery retailer. It has a fully vertically integrated supply chain and can deliver 3,500 SKUs in under 60 minutes. Its selection includes freshly baked bread, coffee, fruits and vegetables, eggs, dairy, meat and poultry, as well as a variety of CPG staples designed to meet the daily and weekly needs of a household.

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Reliance Health: In emerging markets, Reliance Health uses technology to make quality healthcare affordable and accessible. Reliance Health provides innovative healthcare solutions to emerging markets such as Nigeria, Egypt, and others through an integrated approach that includes affordable health insurance, telemedicine, and a combination of partner and proprietary healthcare facilities.

54Gene is an African genomics research, services, and development company that addresses the need to include under-represented African genomic data in research, which could lead to medical breakthroughs and new healthcare solutions around the world.

Nomba: Through point-of-sale solutions, Nomba provides banking and payment services to over 200k small businesses in Nigeria. Nomba, which began in 2017 as “Kudi.ai,” a chatbot that responds to financial requests on social apps, spent its first five years empowering independent businesses to act as neighborhood banks, providing basic financial services like cash withdrawal, transfer, and bill payments to all Nigerians, particularly those in underserved communities.
Yassir: Yassir is the Maghreb region’s leading super App that is changing the way daily services are delivered. The company operates in 45 cities across Algeria, Morocco, and Tunisia, with recent expansions into France, Canada, and Sub-Saharan Africa, and is backed by VCs from Silicon Valley, Europe, and other parts of the world ($200M in funding).

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