Techstars is an operational investment company that assists founders
and early-stage entrepreneurs scale their vision into a thriving business,
beginning with the Demo Day at the end of the program where selected startups
will be able to pitch to a carefully curated group of investors.
The 3-month accelerator program’s goal is to provide
entrepreneurs with invaluable skills, resources, and connections to a large
pool of global talent and investors.
CEO, Favour Ori said, “Joining Techstars will be a
game-changer for us. This is an opportunity to work with and learn from
outstanding mentors, as well as to leverage their experience, skills, and
network to create a platform where all Africans, regardless of location, can
enjoy financial inclusion.”
Rwanda represents one of the best turnaround stories the
world has seen in a generation. The word that best describes the founders and
team behind Payday is “resilient”.
“Moreover, Payday has engineered a financial product that
Africans need across the continent, and the recent traction they are seeing
makes us believe that this is the start of something massive” says Sunil
Sharma, Managing Director of Techstars Toronto.
“We are thrilled to be able to co-invest with some of the
best early-stage fintech and e-commerce investors in Africa” says Sharma.
The inclusion of Payday in this program represents an
endorsement from one of the world’s most reputable investor communities,
emphasizing the potential of the company’s business model and its commitment to
developing innovative payment solutions that will simplify how Africans move money
around the world.
Techstars has 15 unicorns under its umbrella. Some of the
notable ones include; SalesLoft, SendGrid, ZipLine, Chainalysis, and DataRobot,
etc. We are sure going to be the NEXT!
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