Ugandan startup, Numida, emerges winner at Seedstars World pitch
Ugandan online loan startup, Numida, which came first at the pitch conducted by Seedstars Kampala and held in Uganda on August 4, will represent the country at the Seedstars Summit coming up in Switzerland next year, to compete for up to USD 1 million equity investment and other prizes.
Ubuntu Capital and Chap Chap Africa clinched first and second position, respectively. Other startups invited for the pitch included Musana Carts, CHARIS FOR GRACE, ClinicPesa, Kuanza Gari Limited, Trendingshow, hiDr and Money Duka.
Ten startups were selected to pitch to a panel jury, after which Numida emerged winner with its business financial management mobile app. The solution offers affordable, convenient and unsecured credit to small and medium enterprises in Uganda.
Members of the panel jury were Evelyn Namara from ICT Association of Uganda, Rithu Rajan from EWB Ventures (Engineers Without Borders Canada), James Makumbi from Billable Ltd, Richard Zulu from Outbox Hub and Anis Kallel from Seedstars World.
The pitch was part of Seedstars’ tour of 65 countries, to pick smart startups which will participate in the global seed-stage startup competition for emerging markets and fast-growing startup scenes.
Winners from the different countries will attend the global summit in April 2018. During the summit, they will participate in a weeklong training program with the opportunity to meet investors and mentors from around the world and also pitch in front of 1000 attendees at the final day of the summit.
Meanwhile, Seedstars World has also partnered with the Merck Accelerator with the aim of supporting seed-stage companies in areas such as healthcare, life science and performance materials across Asia and Africa The most promising HealthTech startups will receive office space in the Merck Innovation Center in Kenya or Germany, mentoring and coaching on a regular basis and financial support of up to $50,000.
Deji Aroloye29 Posts
a graduate of Linguistics and a staff writer at Outrepreneurs, Deji's forte includes tech, startups and innovations. Years back, Deji wrote on Entertainment and Lifestyle for a tabloid. If he wasn't a writer, Deji would be a photographer or teacher.