Afreximbank backs eight African trade startups

Afreximbank kicked off its first accelerator batch in Cairo to fuel digital trade tools across the continent.

Afreximbank Accelerator Programme

• Eight startups got picked from over 1,600 entries for the initial round.
• Haytham Elmaayergi stressed building practical rails for seamless commerce.
• Selected ventures tackle payments along with logistics and supply chains.
• Up to 250000 dollars in funding awaits those who clear due checks.

Startup Cohort Highlights

• Fincart.io represents Egypt, while Capsa Technologies comes from Nigeria.
• Timon handles payments across 15 countries with expansion eyed.
• Fluna has already moved over 50 million dollars in trade volume.
• Zowasel linked thousands of cooperatives for better agri deals.