Safaricom’s Spark Fund has shortlisted nine promising startups for its accelerator program. These startups focus on various areas within the tech space, including:
- Fintech: Chumz (savings gamification), Nobuk (group payments), VunaPay (agri co-op platform)
- Social Commerce: Twiva (social commerce platform)
- Productivity Tools: Faidi HR (HR platform), Churpy (task automation)
- Content & Engagement: Chpter (social sales platform)
- VR Technology: BlackRhino VR
Earlier this week, our Chief Business Development and Strategy Officer @MikeMutiga led the unveil of nine early-stage startups that are set to benefit from the #SparkAccelerator Program, a platform for bold and visionary founders to grow and scale their businesses.
The… pic.twitter.com/46tDHjCLIE
— Safaricom PLC (@SafaricomPLC) May 29, 2024
This diverse group of startups highlights the Spark Fund’s commitment to fostering innovation across key sectors in Kenya.
“By supporting and investing in these tech-enabled startups, we aim to drive significant societal change and economic growth,” said Peter Ndegwa, CEO, Safaricom. The startups have been chosen for their commercial viability and scaling ability.
The accelerator program will provide these startups with the resources and mentorship needed to scale their businesses and contribute to the growth of the Kenyan tech ecosystem.
“In alignment with our commitment to accelerating innovation for African prosperity, we are excited to welcome these startups into the programme. Their unique solutions harness transformative opportunities to leverage technology to significantly improve the quality of lives of millions of Kenyans. We look forward to supporting the startups to optimize their offerings, scale their solutions and expand their impact,” said Nissi Madu, Managing Partner at iHUB/CcHUB.
In 2023, Safaricom entered into a partnership with M-PESA Africa and Sumitomo Corporation to launch the Spark Accelerator. The partnership followed an approval by the Safaricom board and shareholders to restructure the Spark Fund.
