Buy Now Pay Later startup Motito and eight other African startups have been selected to take part in the second edition of the Norrsken Impact Accelerator, which is designed to find the world’s most promising impact startups, and help them scale.
Norrsken aims to help entrepreneurs solve the world’s greatest challenges.
It has now picked 20 startups to take part in the 2022 edition, with those companies hailing from 15 countries and offering solutions ranging from mental health, poverty alleviation, sustainable agriculture, financial inclusion, and green energy.
The nine startups include two Nigerian healthcare startups, Clafiya, and clean-tech startup SunFi.
The other ones Mozambican digital transport platform Appload, Ugandan lending service Emata, Tanzanian payment solution Umoja Labs, Rwandan artisan recruitment service Fixa, Ghanaian BNPL platform Motito, South African health network HealthDart, and Kenyan savings and investment service Power Financial Wellness.
All of the participating companies were selected via an open application process, and have been evaluated against the 17 UN Sustainable Development Goals and ranked based on the magnitude and depth of their potential impact. Only companies that can successfully demonstrate that impact is an integral part of their business model have been admitted for entry into the programme.
Beyond acceptance to the programme itself, including an 8-week growth sprint at Norrsken House in Stockholm and mentorship from a roster of over 110 entrepreneurs, investors and unicorn founders, all startups will receive US$125,000 in upfront pre-seed or seed investment from the Norrsken Foundation.
Original Story: Disrupt Africa
Credit: Joseph Albert Kuuire