Asoko Insight listed on World Bank accelerator programme

Asoko Insight (“Asoko”), Africa’s largest company information repository, has announced its selection to the World Bank’s XL Africa acceleration programme.

Launched in April 2017, XL Africa received more than 900 applications from across the continent. Asoko was selected as one of the final 20 startups to participate in the four-month long programme alongside a range of top African venture capital investors and global digital corporates, such as Google, Thomson Reuters, Orange and Ringier. Participating investors include Singularity Investments (an Asoko investor), Knife Capital, Silvertree, TLCom, 4Di and others.

Through the programme, Asoko aims to increase its visibility among African corporates and progress its product offering toward the global business community.

Withagen

Speaking on the development, Asoko CEO and Co-Founder, Rob Withagen, said “Africa’s scale-ups are rapidly growing in number and sophistication, but face an uphill battle getting on the radar of institutional investors and global corporates. XL Africa addresses that need head-on and we are excited and privileged to be part of its first edition.

Asoko’s participation will culminate in November with a two-week residency in Cape Town, South Africa followed by a presentation on the sidelines of.

Asoko Insight (Asoko) is Africa’s largest online repository of privately-held company information with objective to facilitate instant access to reliable information on Africa’s most dynamic companies, at scale. Asoko has support of research teams based in Addis Ababa, Accra, Lagos and Nairobi. The company has captured in-depth profiles on more than 10,000 mid to large cap corporates and counting.

XL Africa is the World Bank’s five-month business acceleration program designed to support the 20 most promising digital scale-ups from Sub-Saharan Africa. Scale-ups will receive mentoring from global and local experts, learn through a tailor-made Africon curriculum, increase their regional visibility, and get access to potential corporate partners and investors. With support from prominent African investment groups, XL Africa will help the 20 selected scale-ups attract early stage capital between $250,000 and $1.5 million.

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Chiamaka Akuba33 Posts

Chiamaka Akuba is a graduate of Mass Communication of the University of Lagos, Nigeria. She is passionate about emerging markets and entrepreneurship and is actively working with the industry. She loves her conversations challenging and can’t help laughing when you call her ‘Honourable Writer of the Federal Republic'. Chiamaka is a Staff Writer at Outrepreneurs.

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